For the first nine sessions of November, the indicative iEdge SG Advanced Manufacturing Index returned 6.9%, outpacing the STI’s 4.7% return, with more alignment to FTSE Asia Pacific Index’s 7.9% return. The regional sensitivity of the iEdge SG Advanced Manufacturing Index is further exemplified with comparable one-year correlations to both the STI and FTSE Asia Pacific Index. At the same time, the recent session gains of the global stock market have been more broad and less disproportionate as observed through the first 10 months of 2022. This is due to the progress in the US headline CPI further decelerating, from 9.1% in June to 7.7% in October, and impact on the rate outlook, in addition to China optimising disease control measures, including the easing of quarantine periods for inbound visitors. China stocks were further buoyed this morning, with Reuters reporting the PBOC and CBIRC had outlined 16 steps to support the China property industry, “including loan repayment extensions, in a major push to ease the deep liquidity crunch”.
The constituents of the iEdge SG Advanced Manufacturing Index have contributed 17% of Singapore’s average daily stock market turnover in the 2022 year to 11 Nov. The lion’s share of the trading turnover was contributed by the Index’s 20 most traded stocks, tabled below, which mostly comprise technology, industrials, consumer non-cyclical and healthcare plays.
iEdge SG Adv Manu Index - Most Traded 20 Constituents ranked by highest Nov MTD gains |
Code |
Mkt Cap S$M |
Avg. Daily T/O S$M |
MTD Net Insti Flow S$M |
MTD Total Ret. % |
YTD Net Insti Flow S$M |
YTD Total Ret. % |
Sector |
Frencken |
E28 |
440 |
5.16 |
4.43 |
23 |
-51.50 |
-46 |
Technology (Hardware/ Software) |
Riverstone |
AP4 |
971 |
2.92 |
-0.86 |
21 |
31.32 |
13 |
Healthcare |
UMS |
558 |
716 |
7.12 |
-0.77 |
20 |
-25.76 |
-27 |
Technology (Hardware/ Software) |
Top Glove |
BVA |
2,282 |
2.39 |
2.04 |
19 |
-10.04 |
-63 |
Healthcare |
YZJ Shipbldg SGD |
BS6 |
5,452 |
31.79 |
54.23 |
15 |
103.89 |
110 |
Industrials |
AEM SGD |
AWX |
1,124 |
9.26 |
3.93 |
13 |
-23.08 |
-29 |
Technology (Hardware/ Software) |
Venture |
V03 |
5,173 |
15.87 |
23.68 |
12 |
-48.38 |
1 |
Technology (Hardware/ Software) |
ISDN |
I07 |
175 |
1.00 |
-0.06 |
10 |
-3.52 |
-43 |
Technology (Hardware/ Software) |
Dyna-Mac |
NO4 |
202 |
1.89 |
0.05 |
9 |
2.91 |
115 |
Industrials |
NIO Inc. USD OV |
NIO |
22,447 |
5.09 |
-2.69 |
9 |
-23.89 |
N/A |
Consumer Cyclicals |
Aztech Gbl |
8AZ |
656 |
1.08 |
1.09 |
8 |
-6.67 |
6 |
Technology (Hardware/ Software) |
Sembcorp Marine |
S51 |
4,206 |
14.93 |
27.95 |
6 |
183.63 |
63 |
Industrials |
ThaiBev |
Y92 |
15,198 |
13.78 |
4.00 |
5 |
-62.25 |
-6 |
Consumer Non-Cyclicals |
Wilmar Intl |
F34 |
25,028 |
30.30 |
2.89 |
3 |
80.49 |
1 |
Consumer Non-Cyclicals |
SIA Engineering |
S59 |
2,494 |
1.46 |
-0.09 |
3 |
12.59 |
2 |
Industrials |
ST Engineering |
S63 |
10,523 |
20.74 |
0.85 |
2 |
-90.24 |
-6 |
Industrials |
First Resources |
EB5 |
2,386 |
5.68 |
3.60 |
2 |
5.04 |
5 |
Consumer Non-Cyclicals |
Jiutian Chemical |
C8R |
153 |
2.60 |
-0.08 |
-1 |
20.15 |
10 |
Materials & Resources |
SATS |
S58 |
2,979 |
13.16 |
-22.98 |
-3 |
-150.66 |
-32 |
Industrials |
Nanofilm |
MZH |
920 |
4.23 |
-14.95 |
-20 |
-92.24 |
-63 |
Technology (Hardware/ Software) |
Source: SGX, Refinitiv, Bloomberg (Data as of 11 Nov 2022)
Among the 20 stocks tabled above, global Integrated Technology Solutions provider Frencken Group generated the highest gains in the month to 11 Nov, while also ranking as the third least performer in the 2022 year-to-date. Frencken Group noted in August that the China government’s pandemic-related measures had heightened operating challenges in the country and besides affecting the Group’s operations, these factors delayed new product introduction programs and the production schedules of some customers.
Riverstone Holdings followed Frencken Group with a 21% gain in the month to Nov 11. In a corporate presentation last week the company acknowledged there is currently overcapacity of medical gloves in the industry, while also maintaining its two diversified streams of revenue were both premium healthcare gloves and high tech cleanroom gloves. Meanwhile smoothed daily global COVID-19 cases increased from near 320,000 on 2 Nov, to above 360,000 on Nov 12.
UMS Holdings gained 20% in the month to Nov 11. The company also provided a business update after the 11 Nov close, highlighting its best ever 9M22 performance, with record revenue of S$271.4 million and an all-time high net profit of S$85.8 million, with Malaysia operations delivering a 104% surge in sales to $5.8 million, due mainly to the commencement of first article fabrication for a new customer. Touting industry forecasts, UMS noted that “although near-term challenges remain arising from uncertainties caused by ongoing US-China tech rivalry, rising inflation and supply chain disruption caused by geopolitical tensions such as the Russia-Ukraine crisis, global chip demand is expected to stay fairly strong in the longer term”.
The full list of constituents for the iEdge SG Advanced Manufacturing Index are tabled below and ranked according to the highest daily trading turnover.
iEdge SG Adv Manu Index – Ranked by highest Trading Turnover |
Code |
Mkt Cap S$M |
Avg. Daily T/O S$M |
MTD Net Insti Flow S$M |
MTD Total Return % |
YTD Net Insti Flow S$M |
YTD Total Return % |
Sector |
YZJ Shipbldg SGD |
BS6 |
5,452 |
31.79 |
54.23 |
15 |
103.89 |
110 |
Industrials |
Wilmar Intl |
F34 |
25,029 |
30.30 |
2.89 |
3 |
80.49 |
1 |
Consumer Non-Cyclicals |
ST Engineering |
S63 |
10,523 |
20.74 |
0.85 |
2 |
-90.24 |
-6 |
Industrials |
Venture |
V03 |
5,173 |
15.87 |
23.68 |
12 |
-48.38 |
1 |
Technology (Hardware/ Software) |
Sembcorp Marine |
S51 |
4,206 |
14.93 |
27.95 |
6 |
183.63 |
63 |
Industrials |
ThaiBev |
Y92 |
15,198 |
13.78 |
4.00 |
5 |
-62.25 |
-6 |
Consumer Non-Cyclicals |
SATS |
S58 |
2,979 |
13.16 |
-22.98 |
-3 |
-150.66 |
-32 |
Industrials |
AEM SGD |
AWX |
1,124 |
9.26 |
3.93 |
13 |
-23.08 |
-29 |
Technology (Hardware/ Software) |
UMS |
558 |
716 |
7.12 |
-0.77 |
20 |
-25.76 |
-27 |
Technology (Hardware/ Software) |
First Resources |
EB5 |
2,386 |
5.68 |
3.60 |
2 |
5.04 |
5 |
Consumer Non-Cyclicals |
Frencken |
E28 |
440 |
5.16 |
4.43 |
23 |
-51.50 |
-46 |
Technology (Hardware/ Software) |
NIO Inc. USD OV |
NIO |
22,447 |
5.09 |
-2.69 |
9 |
-23.89 |
N/A |
Consumer Cyclicals |
Nanofilm |
MZH |
920 |
4.23 |
-14.95 |
-20 |
-92.24 |
-63 |
Technology (Hardware/ Software) |
Riverstone |
AP4 |
971 |
2.92 |
-0.86 |
21 |
31.32 |
13 |
Healthcare |
Jiutian Chemical |
C8R |
153 |
2.60 |
-0.08 |
-1 |
20.15 |
10 |
Materials & Resources |
Top Glove |
BVA |
2,282 |
2.39 |
2.04 |
19 |
-10.04 |
-63 |
Healthcare |
Dyna-Mac |
NO4 |
202 |
1.89 |
0.05 |
9 |
2.91 |
115 |
Industrials |
SIA Engineering |
S59 |
2,494 |
1.46 |
-0.09 |
3 |
12.59 |
2 |
Industrials |
Aztech Gbl |
8AZ |
656 |
1.08 |
1.09 |
8 |
-6.67 |
6 |
Technology (Hardware/ Software) |
ISDN |
I07 |
175 |
1.00 |
-0.06 |
10 |
-3.52 |
-43 |
Technology (Hardware/ Software) |
Haw Par |
H02 |
2,120 |
1.00 |
-0.97 |
1 |
-26.85 |
-13 |
Healthcare |
MarcoPolo Marine |
5LY |
152 |
0.87 |
-0.17 |
16 |
3.58 |
59 |
Industrials |
Acesian Partners |
5FW |
24 |
0.73 |
0.09 |
45 |
0.64 |
200 |
Industrials |
Oceanus |
579 |
409 |
0.49 |
-0.10 |
45 |
-17.28 |
-47 |
Consumer Non-Cyclicals |
Medtecs Intl |
546 |
90 |
0.47 |
-0.57 |
-6 |
-0.01 |
-51 |
Healthcare |
Mencast^ |
5NF |
21 |
0.32 |
-0.02 |
24 |
0.06 |
48 |
Energy/ Oil & Gas |
Grand Venture |
JLB |
170 |
0.26 |
-0.06 |
2 |
1.09 |
-58 |
Industrials |
Delfi |
P34 |
464 |
0.24 |
-0.04 |
8 |
-5.87 |
5 |
Consumer Non-Cyclicals |
UGHealthcare |
8K7 |
128 |
0.22 |
0.10 |
3 |
0.91 |
-36 |
Healthcare |
Valuetronics |
BN2 |
206 |
0.19 |
-0.03 |
10 |
3.09 |
-7 |
Technology (Hardware/ Software) |
AsiaPhos |
5WV |
20 |
0.17 |
-0.16 |
12 |
0.12 |
58 |
Materials & Resources |
DISA |
532 |
30 |
0.15 |
0.00 |
0 |
0.62 |
-57 |
Technology (Hardware/ Software) |
Del Monte Pac |
D03 |
593 |
0.15 |
0.07 |
3 |
-0.75 |
-20 |
Consumer Non-Cyclicals |
Mermaid Maritime |
DU4 |
110 |
0.13 |
-0.06 |
11 |
-0.19 |
4 |
Energy/ Oil & Gas |
Food Empire |
F03 |
289 |
0.12 |
-0.11 |
8 |
-5.71 |
-27 |
Consumer Non-Cyclicals |
Biolidics |
8YY |
12 |
0.12 |
-0.15 |
12 |
-2.58 |
-79 |
Healthcare |
Halcyon Agri |
5VJ |
463 |
0.11 |
0.09 |
18 |
-1.28 |
26 |
Consumer Cyclicals |
G Invacom |
QS9 |
15 |
0.10 |
0.00 |
12 |
-0.08 |
-26 |
Technology (Hardware/ Software) |
Matex Intl |
M15 |
8 |
0.10 |
0.00 |
4 |
0.30 |
-10 |
Materials & Resources |
Sarine Tech |
U77 |
133 |
0.09 |
0.09 |
7 |
0.15 |
-34 |
Industrials |
QAF |
Q01 |
475 |
0.09 |
0.01 |
3 |
-3.90 |
2 |
Consumer Non-Cyclicals |
ChinaSunsine |
QES |
431 |
0.09 |
-0.16 |
6 |
-0.72 |
-3 |
Materials & Resources |
Broadway Ind |
B69 |
59 |
0.09 |
0.00 |
2 |
-0.92 |
-38 |
Technology (Hardware/ Software) |
Hong Leong Asia |
H22 |
490 |
0.08 |
0.06 |
4 |
0.37 |
-20 |
Consumer Cyclicals |
Beng Kuang |
BEZ |
12 |
0.07 |
0.00 |
13 |
-0.26 |
-29 |
Industrials |
Addvalue Tech |
A31 |
42 |
0.07 |
0.01 |
0 |
0.93 |
-7 |
Technology (Hardware/ Software) |
Micro-Mechanics |
5DD |
374 |
0.07 |
-0.01 |
-2 |
-1.41 |
-17 |
Technology (Hardware/ Software) |
Global Testing |
AYN |
42 |
0.06 |
-0.01 |
7 |
-0.14 |
118 |
Technology (Hardware/ Software) |
InnoTek |
M14 |
100 |
0.06 |
-0.01 |
0 |
-1.47 |
-42 |
Technology (Hardware/ Software) |
Creative |
C76 |
106 |
0.05 |
-0.01 |
18 |
0.84 |
-37 |
Technology (Hardware/ Software) |
Indofood Agri |
5JS |
426 |
0.05 |
0.08 |
3 |
1.88 |
-4 |
Consumer Non-Cyclicals |
Zhongxin Fruit |
5EG |
36 |
0.04 |
0.00 |
13 |
-0.03 |
17 |
Consumer Non-Cyclicals |
IX Biopharma |
42C |
99 |
0.04 |
-0.08 |
4 |
0.00 |
-34 |
Healthcare |
Nordic |
MR7 |
184 |
0.03 |
0.00 |
2 |
-0.30 |
17 |
Industrials |
JEP |
1J4 |
134 |
0.03 |
-0.01 |
5 |
1.35 |
14 |
Industrials |
China Star Food |
42W |
28 |
0.03 |
0.00 |
18 |
0.07 |
-9 |
Consumer Non-Cyclicals |
PSC Corporation |
DM0 |
183 |
0.03 |
0.00 |
-3 |
-0.09 |
-20 |
Materials & Resources |
Sri Trang Agro |
NC2 |
1,160 |
0.03 |
0.08 |
8 |
-0.36 |
-35 |
Consumer Cyclicals |
Miyoshi |
M03 |
11 |
0.024 |
0.00 |
-16 |
-0.77 |
-27 |
Technology (Hardware/ Software) |
H2G Green |
5AI |
22 |
0.023 |
0.00 |
5 |
-0.07 |
-31 |
Consumer Cyclicals |
Mewah Intl |
MV4 |
495 |
0.022 |
-0.05 |
0 |
0.96 |
-11 |
Consumer Non-Cyclicals |
Willas-Array |
BDR |
44 |
0.016 |
0.00 |
-9 |
0.19 |
-14 |
Technology (Hardware/ Software) |
Tai Sin Electric |
500 |
178 |
0.015 |
0.04 |
-5 |
-0.27 |
9 |
Industrials |
Serial System |
S69 |
64 |
0.015 |
0.00 |
-9 |
-0.43 |
-33 |
Industrials |
Penguin Intl |
BTM |
154 |
0.014 |
0.01 |
-3 |
-0.45 |
20 |
Industrials |
Baker Technology |
BTP |
97 |
0.013 |
0.00 |
3 |
-0.12 |
23 |
Financial Services |
CDW |
BXE |
47 |
0.010 |
0.00 |
0 |
-0.35 |
-11 |
Technology (Hardware/ Software) |
MTQ |
M05 |
48 |
0.010 |
0.00 |
0 |
-0.80 |
-10 |
Energy/ Oil & Gas |
Yeo Hiap Seng |
Y03 |
398 |
0.009 |
-0.02 |
-1 |
-0.49 |
-22 |
Consumer Non-Cyclicals |
Sinostar Pec |
C9Q |
115 |
0.008 |
0.00 |
6 |
-0.07 |
-37 |
Energy/ Oil & Gas |
Hoe Leong |
H20 |
41 |
0.007 |
0.00 |
0 |
-0.36 |
50 |
Industrials |
Tat Seng Pkg |
T12 |
105 |
0.006 |
0.00 |
12 |
0.20 |
-9 |
Materials & Resources |
Sunright |
S71 |
31 |
0.005 |
0.00 |
6 |
0.02 |
-44 |
Technology (Hardware/ Software) |
PNE Industries |
BDA |
63 |
0.005 |
0.00 |
0 |
-0.03 |
-6 |
Industrials |
Eindec |
42Z |
5 |
0.005 |
0.00 |
-11 |
0.00 |
-22 |
Industrials |
Karin Tech |
K29 |
75 |
0.005 |
0.00 |
4 |
0.14 |
32 |
Technology (Hardware/ Software) |
AP Oil |
5AU |
23 |
0.004 |
0.00 |
-13 |
-0.54 |
-9 |
Materials & Resources |
LHT |
BEI |
37 |
0.004 |
0.00 |
6 |
-0.36 |
6 |
Materials & Resources |
Samurai 2K |
Y8E |
90 |
0.004 |
0.00 |
0 |
-0.32 |
-18 |
Materials & Resources |
Accrelist Ltd |
QZG |
12 |
0.004 |
0.00 |
8 |
0.00 |
-31 |
Technology (Hardware/ Software) |
New Toyo |
N08 |
92 |
0.003 |
0.01 |
5 |
0.06 |
12 |
Materials & Resources |
Teho Intl |
5OQ |
13 |
0.003 |
0.00 |
12 |
0.02 |
41 |
Industrials |
Ellipsiz |
BIX |
48 |
0.003 |
0.00 |
-2 |
0.00 |
-9 |
Technology (Hardware/ Software) |
Jubilee |
NHD |
11 |
0.002 |
0.00 |
-18 |
0.01 |
-38 |
Industrials |
ES |
5RC |
0.0 |
0.002 |
0.00 |
0 |
-0.11 |
0 |
Industrials |
Jadason |
J03 |
11 |
0.002 |
0.00 |
-6 |
-0.01 |
-40 |
Technology (Hardware/ Software) |
Chemical Ind |
C05 |
54 |
0.002 |
0.01 |
1 |
0.06 |
-4 |
Materials & Resources |
ASL Marine^ |
A04 |
25 |
0.002 |
0.00 |
-2 |
-0.05 |
-33 |
Industrials |
Qian Hu |
BCV |
20 |
0.002 |
0.00 |
0 |
-0.03 |
-15 |
Consumer Non-Cyclicals |
Anchun Intl |
BTX |
13 |
0.002 |
0.00 |
-2 |
-0.14 |
20 |
Industrials |
MFG Integration |
M11 |
12 |
0.002 |
0.00 |
4 |
-0.02 |
-24 |
Technology (Hardware/ Software) |
Trek 2000 Intl |
5AB |
21 |
0.001 |
0.00 |
0 |
0.06 |
-33 |
Technology (Hardware/ Software) |
XMH^ |
BQF |
22 |
0.001 |
0.00 |
14 |
0.17 |
76 |
Industrials |
Advanced |
BLZ |
6 |
0.001 |
0.00 |
-4 |
-0.06 |
-27 |
Energy/ Oil & Gas |
Wong Fong Ind |
1A1 |
32 |
0.001 |
-0.06 |
-18 |
-0.06 |
-5 |
Industrials |
Old Chang Kee |
5ML |
74 |
0.001 |
0.00 |
-6 |
0.02 |
-10 |
Consumer Cyclicals |
Fuxing China |
AWK |
11 |
0.001 |
0.00 |
0 |
-0.06 |
-20 |
Consumer Cyclicals |
Versalink |
40N |
14 |
0.001 |
0.00 |
-5 |
-0.03 |
63 |
Industrials |
Jason Marine |
5PF |
17 |
0.001 |
0.00 |
0 |
-0.05 |
28 |
Technology (Hardware/ Software) |
KTMG |
XCF |
34 |
0.000 |
0.00 |
0 |
0.00 |
3 |
Consumer Cyclicals |
VibroPower |
BJD |
5 |
0.000 |
0.00 |
0 |
0.00 |
24 |
Utilities |
Pharmesis Intl |
BFK |
2 |
0.000 |
0.00 |
-1 |
0.00 |
-37 |
Healthcare |
Shanghai Turbo |
AWM |
2 |
0.000 |
0.00 |
-25 |
0.00 |
-83 |
Industrials |
Total |
|
116,058 |
197.8 |
84.2 |
|
-206.52 |
|
|
Source: SGX, Refinitiv, Bloomberg (Data as of 11 Nov 2022) ^Note currently placed on SGX Watchlist.
Created by SGX | Sep 12, 2024
Created by SGX | Sep 09, 2024
Created by SGX | Sep 03, 2024