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SGX Market Updates

Author: SGX   |   Latest post: Mon, 27 Sep 2021, 11:20 AM

 

Stocks That Have Attracted Significant Trading Activity in 2021

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  • Singapore’s 150 most traded stocks in the 2021 YTD have made up the lion’s share of day-to-day turnover, which includes 22 stocks that have seen a greater than 10-fold increase in daily turnover in the 2021 YTD from 2020. This includes 11 stocks listed on the Mainboard, and 11 stocks listed on Catalist.
     
  • Last week, Del Monte Pacific, the largest of the relevant 11 Mainboard stocks by market value, reported a 1QFY22 (end 31 Jul) turnaround net profit of US$18.3 million. The company also ended its FY21 on a stronger note reporting back on 23 June an FY21 turnaround net profit of US$63.3 million, reversing the US$81.4 million loss in FY20.
     
  • Last week, Grand Venture Technology’s proposed placement of up to 25 million new shares on Catalist received approval in-principle from SGX. The largest of the relevant 11 Catalist stocks by market value, the homegrown manufacturing solutions and services intends to undertake a transfer of listing to the Mainboard.
     
  • While the 22 stocks generated a median total return of 93% in the 2021 YTD, the comparatively higher return of the 22 stocks over the past 36 weeks was matched by higher risk, with the 22 stocks also generating a median 180 day historical volatility of 93%.
     

Global concerns of deaccelerating economic growth have mounted since the end of June, with global stocks gaining 2.0% over the 10 weeks, whilst Asia Pacific stocks, including the STI, have generated 0.2% gains. Since June, Mining, Utilities, Technology, Healthcare Products and Basic Materials have been among the stronger industries of the market, while segments such as Lodging, Food Services, Leisure, Airlines and Transport have been among the lesser performing. Beyond the benchmarks and sector performances, multiple Singapore stocks have been propelled into the most 150 traded stocks this year on the back of a surge in trading turnover. 

Singapore’s 150 most traded stocks in the 2021 YTD contributed more than 95% of the day-to-day turnover of all stocks listed on SGX. Among the 150 stocks, 22 stocks have seen a more than 10-fold increase in daily turnover in the 2021 YTD from 2020. This includes 11 stocks listed on the Mainboard, and 11 stocks listed on Catalist. The Sectors most represented by the 22 stocks include the Industrial Sector, with six stocks, while four stocks represent the Consumer Cyclical Sector while the Energy, Basic Materials Sector and Real Estate (excl. REITs) were each represented by three stocks.

While the 22 stocks generated a median total return of 92.9% in the 2021 YTD, the comparatively higher return of the 22 stocks over the past 36 weeks was matched by higher risk, with the 22 stocks generating a median 180-day historical volatility of 93.0%. The 22 stocks that have seen a greater than 10-fold increase in daily turnover in the 2021 YTD from 2020 are tabled below and sort by the highest turnover growth.

Stocks Among 150 Most Traded in 2021 YTD with More than 10-Fold Increase In Trading Turnover from 2020

SGX Code

Mkt Cap S$M

2021 YTD Average Daily Trading Turnover

Trading Turnover Growth (x)

2021 Net Insti Inflow S$M

MTD Price Change %

QTD Total Return %

YTD Total Return %

180 Day Volatility %

Board

OIO

KUX

119.3

$929,835

20511

1.1

-6.3

189.1

241.0

268.0

CATALIST

RH Petrogas

T13

101.5

$1,213,199

631

-1.1

4.6

-17.0

448.0

174.9

MAINBOARD

Mercurius

5RF

108.8

$1,050,520

529

2.8

110.3

7.9

241.7

136.2

CATALIST

LHN

41O

132.9

$1,060,568

95

0.7

0.0

-15.8

86.3

66.2

CATALIST

Kim Heng

5G2

64.3

$592,650

50

0.2

13.8

-1.1

184.4

109.8

CATALIST

Fortress Minerals

OAJ

222.5

$791,610

47

-0.9

-11.9

-29.4

50.8

75.8

CATALIST

Samudera Shipping

S56

337.0

$615,484

34

-1.1

17.9

66.3

161.4

45.2

MAINBOARD

Golden Energy

AUE

753.0

$566,700

31

-0.1

3.2

10.3

98.8

68.8

MAINBOARD

CFM

5EB

51.4

$1,571,940

24

1.8

4.1

-16.4

537.5

159.3

CATALIST

Grand Venture

JLB

394.5

$612,248

23

5.0

4.9

43.1

292.5

55.4

CATALIST

The Place Hldgs

E27

658.6

$2,540,821

23

2.9

0.0

-14.5

239.4

96.6

MAINBOARD

VCPlus

43E

109.2

$599,753

21

3.8

0.0

0.0

257.1

129.5

CATALIST

China Star Food

42W

22.1

$583,115

14

0.6

13.6

-13.8

25.0

105.1

CATALIST

Leader Env

LS9

121.3

$1,335,031

14

-1.1

5.3

-27.1

9.8

89.5

MAINBOARD

Del Monte Pac

D03

758.1

$702,957

13

5.7

11.4

5.4

106.9

51.7

MAINBOARD

Hong Fok

H30

675.7

$1,218,681

12

-6.3

0.6

-3.6

9.4

39.3

MAINBOARD

FJ Benjamin

F10

27.8

$502,099

12

0.3

4.0

-23.5

73.3

134.5

MAINBOARD

InnoTek

M14

193.3

$1,123,454

12

-0.3

5.0

-11.5

50.2

36.4

MAINBOARD

MM2 Asia

1B0

125.6

$1,313,276

12

6.9

-3.6

-20.6

-52.0

79.0

MAINBOARD

Tuan Sing

T24

588.8

$1,637,655

12

3.8

-2.0

-2.0

57.8

38.1

MAINBOARD

Metal Component

5DX

20.6

$610,897

11

-1.5

13.2

-27.1

87.0

152.7

CATALIST

Koh Eco

5HV

149.3

$715,921

11

-1.2

12.8

-11.7

71.0

122.4

CATALIST

Total

 

5,735.6

$21,888,415

 

22.1

 

 

 

 

 

Average

 

 

 

 

 

9.1

4.0

149.0

101.6

 

Median

 

 

 

 

 

4.3

-11.6

92.9

93.0

 

Source: SGX, Refinitiv, Bloomberg (Data as of 10 September 2021). While the 22 stocks make up 0.6% of the total market value of all stocks listed on SGX, they have contributed 1.7% of the 2021 YTD trading turnover of all stocks listed on SGX.

The current market value of the 22 stocks ranges from S$758 million for Del Monte Pacific, to S$21 million for Metal Component Engineering. On 9 Sep, Del Monte Pacific reported 1QFY22 (ended 31 Jul) EBITDA of US$75.0 million, a 77% YoY increase from US$42.4 million with net profit reaching US$18.3 million.

  • This reversed the US$3.2 million loss in 1QFY21. Del Monte Pacific also ended the last FY on a stronger note – reporting back on 23 June an FY21 turnaround net profit to US$63.3 million, reversing the US$81.4 million loss in FY20. In 1QFY22, the Group noted it significantly improved its margins by 600 basis points to 28.9% from better sales of higher-margin branded products in the US and lower costs.
  • The Group’s second largest and most profitable subsidiary, Del Monte Philippine’s, saw its international market sales for the July ending quarter rise 40% YoY to US$67.8 million on robust sales of Packaged Fruit and Beverages including premium packaged pineapple (Del Monte Deluxe Gold) in the US, and S&W packaged products in Asia.
  • For its outlook the Group maintained it is well-positioned to build on the momentum achieved in FY21 and expects to offset the impact of commodity and transportation headwinds and barring unforeseen circumstances, the Group expects to generate higher net profit in FY22. Del Monte Pacific is 71%-owned by NutriAsia Pacific Ltd and Bluebell Group Holdings Limited, which are beneficially-owned by the Campos family of the Philippines.

Of the 11 Catalist-listed stocks tabled above, Grand Venture Technology maintains the highest market value. The stock has generated a 292.5% total return in the 2021 year to 10 Sep, and was recipient to a similar level of net buying by institutions seen by Del Monte Pacific over the 36 weeks.

  • On 3 Sep, Grand Venture Technology proposed a placement of up to 10 million vendor shares and up to 25 million new shares on Catalist, with the latter receiving approval in-principle from SGX on 8 Sep. With a placement price of S$1.14 per share, the proceeds will build on the competencies, customer base, and capacity scale of the homegrown manufacturing solutions and services provide that serves semiconductor, analytical life sciences, electronics and other industries.
  • Furthermore, in-line with the company’s intention to undertake a transfer of listing to the Mainboard, as announced on 1 Sep, the placement also allows the company to increase its share trading liquidity, public float and shareholder count.
  • Back on 10 Aug, Grand Venture Technology reported a 282.7% YoY surge in its 1HFY21 (ended 30 June) net profit to S$8.5 million, while also declaring its maiden dividend.

Catalist-listed OIO Holdings saw the greatest increase in trading turnover in the 2021 YTD from 2020. The core business units of OIO Holdings are blockchain technology services and mechanical and engineering services.

  • The group’s blockchain arm aims to expand blockchain technology and accelerate its integration by offering B2B consulting and software development services to various industries.
  • Following the acquisition of Moonstake Pte Ltd in May 2021, OIO Holdings extends its business beyond the corporate level by providing digital wallets and staking solutions.
  • Back on 12 Aug, OIO Holdings reported for its 1HFY21 (ended 30 June), revenue increased 142% YoY of S$1.6 million, on the back of 276% jump from the blockchain business segment. The company noted that despite achieving a gross profit of S$1.2 million during the period under review, it recorded a net loss of S$0.6m, mainly attributed to items from the new blockchain business segment – namely promotional expenses incurred, non-cash impairment due to the weaker crypto market in June and higher staff related costs.
  • On 9 Sep, OIO Holdings proposed a subscription for 894,841 new ordinary shares in the capital of the company, representing approximately 0.5% of the issued shares of the company, at an issue price of S$0.601 for each subscription share, amounting to an aggregate gross consideration of US$400,000 (S$537,800). The proposed subscriber is Mr Makoto Matsuoka who is in the business of the construction and real estate industries in Japan, and an acquaintance Mr Mitsuru Tezuka, a substantial shareholder of the Company.
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