The STI includes as many as seven stocks of the Industrial Sector which include Singapore Airlines, Jardine Matheson, Keppel Corporation, Singapore Technologies Engineering, Seatrium, Yangzijiang Shipbuilding and SATS. Together these seven stocks have generated average/median total returns of 14%/19% over the past seven months.
For the seven months the STI booked a 6.5% total return, while the FTSE ASEAN Extended 60 Index which generated a 3.3% total return in SGD terms. For the month of July the Singapore stock market booked net institutional outflow in the vicinity of S$220 million, bringing the total net institutional outflow for the past seven months to S$2.9 billion. For the month of July the number of stocks that booked net institutional outflow was fairly level with the number of stocks that booked net institutional inflow. Over the past seven months, Singapore’s 100 most traded stocks by trading turnover contributed 98% of the total trading turnover of all stocks listed on Singapore Exchange. The 100 stocks also accounted for the lion share of net institutional flow with S$2.9 billion of net institutional outflow over the seven months. As tabled below, this net outflow represented 0.43% of the total market capitalisation of the 100 stocks as of 31 July.
Sectors represented by the 100 Most Traded Singapore Stocks in YTD, sort by Highest Net Insti. Inflow in July |
Number of Stocks |
July Net Insti. Flow S$M |
July Net Insti. Flow / Mkt Cap |
YTD Net Insti. Flow S$M |
YTD Net Insti. Flow / Mkt Cap |
Mkt Cap S$M |
Industrials |
16 |
74.2 |
0.08% |
33 |
0.03% |
96,582 |
Telecommunications |
3 |
29.5 |
0.06% |
-182 |
-0.37% |
49,065 |
Cons. Non-Cycl. |
11 |
7.1 |
0.01% |
-15 |
-0.02% |
66,975 |
Healthcare |
7 |
-0.7 |
-0.01% |
34 |
0.24% |
14,158 |
Materials & Resources |
1 |
-0.9 |
-0.90% |
-6 |
-6.36% |
97 |
Energy/ Oil & Gas |
4 |
-1.4 |
-0.12% |
11 |
0.96% |
1,188 |
Real Estate (excl. REITs) |
6 |
-7.0 |
-0.03% |
-167 |
-0.63% |
26,632 |
Utilities |
2 |
-19.9 |
-0.16% |
124 |
0.98% |
12,602 |
Technology |
8 |
-21.7 |
-0.22% |
-71 |
-0.73% |
9,803 |
Cons. Cycl. |
6 |
-42.2 |
-0.07% |
143 |
0.25% |
57,034 |
Fin. Srvs. (excl. Banks) |
4 |
-48.3 |
-0.13% |
17 |
0.05% |
37,769 |
REITs |
29 |
-81.5 |
-0.09% |
-534 |
-0.56% |
95,899 |
Banks |
3 |
-114.7 |
-0.06% |
-2,282 |
-1.15% |
198,532 |
Total |
100 |
-227.3 |
-0.03% |
-2,895 |
-0.43% |
666,335 |
Source: SGX, Refinitiv, Bloomberg (Data as of 31 July 2023)
As tabled above, 16 stocks of the 100 most traded stocks over the past seven months represented the Industrials Sector. While the 100 most actively traded stocks this year booked close to S$230 million of net institutional outflow in July, the contingent of 16 Industrials stocks booked S$74 million of net institutional inflow, with Seatrium, ComfortDelGro Corporation, SATS, Singapore Post and Yangzijiang Shipbuilding leading the net inflow for the month. The 16 stocks booked average/median total returns of 22%/10% over the past seven months. Among the 16 stocks, Dyna-Mac, Acesian Partners and MarcoPolo Marine have booked the highest net institutional inflow proportionate to their current market cap over the past seven months, while generating a median gains of 29%. The 16 stocks are tabled below.
16 Industrial Stocks among Singapore’s 100 most Traded Stocks in YTD |
Code |
Mkt Cap S$M |
YTD Avg Daily Turnover S$M |
YTD Net Insti. Flow S$M |
YTD Total Return % |
July Net Insti. Flow S$M |
July Price Change % |
P/B (x) |
5 Year P/B (x) |
Ind Div Yield % |
SIA |
C6L |
22,396 |
47.4 |
111.0 |
36.2 |
-2.7 |
5.3 |
1.1 |
0.8 |
5.0 |
JMH USD |
J36 |
19,025 |
18.1 |
-12.4 |
-0.5 |
-11.3 |
-4.2 |
0.5 |
0.7 |
4.3 |
Keppel Corp |
BN4 |
13,005 |
29.2 |
-172.1 |
60.6 |
-15.1 |
10.0 |
1.2 |
0.7 |
4.6 |
ST Engineering |
S63 |
11,627 |
15.9 |
35.2 |
13.8 |
-9.2 |
1.4 |
4.8 |
5.2 |
4.3 |
Seatrium |
S51 |
9,621 |
43.2 |
132.6 |
2.2 |
75.4 |
12.8 |
1.2 |
0.9 |
0.0 |
YZJ Shipbldg SGD |
BS6 |
6,084 |
33.9 |
-13.4 |
17.9 |
3.0 |
2.7 |
1.9 |
0.6 |
3.3 |
SATS |
S58 |
4,173 |
16.5 |
-57.9 |
4.3 |
8.1 |
8.5 |
1.8 |
2.8 |
0.0 |
SIA Engineering |
S59 |
2,754 |
0.9 |
4.8 |
7.1 |
1.2 |
-1.6 |
1.6 |
1.7 |
2.3 |
ComfortDelGro |
C52 |
2,729 |
8.9 |
-23.9 |
6.1 |
20.4 |
8.6 |
1.1 |
1.4 |
3.7 |
HPH Trust USD |
NS8U |
2,143 |
1.4 |
-0.3 |
-0.5 |
0.0 |
-5.8 |
0.5 |
0.5 |
9.5 |
SingPost |
S08 |
1,125 |
1.1 |
9.3 |
-3.1 |
3.0 |
11.1 |
0.8 |
1.1 |
1.2 |
China Aviation |
G92 |
796 |
0.6 |
2.9 |
5.8 |
-0.1 |
-1.6 |
0.7 |
0.8 |
1.7 |
SamuderaShipping |
S56 |
450 |
4.3 |
-4.5 |
27.2 |
0.3 |
-3.5 |
0.6 |
0.4 |
3.2 |
Dyna-Mac |
NO4 |
430 |
2.0 |
17.7 |
123.3 |
2.8 |
7.8 |
9.9 |
3.2 |
0.7 |
MarcoPolo Marine |
5LY |
199 |
0.9 |
3.6 |
29.3 |
-1.7 |
-3.6 |
1.3 |
0.8 |
0.0 |
Acesian Partners |
5FW |
25 |
0.5 |
0.7 |
26.2 |
0.3 |
8.2 |
1.7 |
1.3 |
0.0 |
Source: SGX, Refinitiv, Bloomberg (Data as of 31 July 2023)
On 31 July, the EDB Business Expectations of the Manufacturing Sector maintained a weighted 13% of manufacturers expect business conditions to improve in 2H23, while a weighted 7% foresee a weaker business outlook. This means a 6% net weighted balance of manufacturers anticipate an improved business situation in 2H23, compared to 2Q23.
The EDB report showed that within the manufacturing sector, the transport engineering cluster remained the most optimistic with a net weighted 43% of firms expecting an improved operating environment in 2H23. While this was led by positive sentiment in the aerospace segment, firms in the marine & offshore engineering segment also continue to anticipate more orders from the oil & gas and renewable energy industries.
As discussed here, Seatrium’s net order book is over S$19 billion deliveries till 2030, and renewables and cleaner/green solutions comprise approximately 40% of the net order book. On 27 July, Samudera Shipping reported it had taken delivery of three containerships on long-term time charter in 1HFY23, which replace the container vessels that were off-hired and that a “younger and more efficient fleet will allow the Group to manage its operating costs more efficiently, in tandem with its asset-light strategy”. Dyna-Mac will be reporting 8 August. Based on last year’s filings, Marco Polo Marine may provide a 3QFY23 Business Update sometime around 18 August and Yangzijiang Shipbuilding may report its 1HFY23 results around 7 August.
The 100 most traded stocks over the past seven months sort by highest trading turnover are tabled below.
Stock |
Code |
Mkt Cap S$M |
YTD Avg Daily Turnover S$M |
YTD Net Insti. Flow S$M |
YTD Total Return % |
July Net Insti. Flow S$M |
July Price Change % |
Sector |
DBS |
D05 |
88,360 |
133.8 |
-1,328.1 |
5.2 |
31.3 |
8.7 |
Banks |
UOB |
U11 |
50,390 |
89.5 |
-840.6 |
0.7 |
-151.3 |
7.5 |
Banks |
OCBC Bank |
O39 |
59,782 |
62.2 |
-113.5 |
12.8 |
5.3 |
8.3 |
Banks |
Singtel |
Z74 |
43,918 |
50.6 |
-170.5 |
3.5 |
32.4 |
6.4 |
Telecommunications |
SIA |
C6L |
22,396 |
47.4 |
111.0 |
36.2 |
-2.7 |
5.3 |
Industrials |
Seatrium |
S51 |
9,621 |
43.2 |
132.6 |
2.2 |
75.4 |
12.8 |
Industrials |
CapLand IntCom T |
C38U |
13,569 |
37.0 |
-93.6 |
2.6 |
9.3 |
6.8 |
REITs |
YZJ Shipbldg SGD |
BS6 |
6,084 |
33.9 |
-13.4 |
17.9 |
3.0 |
2.7 |
Industrials |
Genting Sing |
G13 |
11,348 |
32.9 |
101.7 |
0.3 |
-37.4 |
0.0 |
Cons. Cycl. |
CapLand Ascendas REIT |
A17U |
12,337 |
31.5 |
-43.4 |
7.8 |
-14.3 |
3.3 |
REITs |
Keppel Corp |
BN4 |
13,005 |
29.2 |
-172.1 |
60.6 |
-15.1 |
10.0 |
Industrials |
CapitaLandInvest |
9CI |
17,414 |
24.8 |
-90.3 |
-3.6 |
-35.5 |
2.7 |
Fin Srv (Ex.Banks) |
Mapletree Log Tr |
M44U |
8,354 |
23.9 |
-7.0 |
9.2 |
-3.4 |
4.3 |
REITs |
Wilmar Intl |
F34 |
24,097 |
23.3 |
15.0 |
-4.9 |
9.1 |
1.6 |
Cons. Non-Cycl. |
Sembcorp Ind |
U96 |
9,733 |
21.9 |
151.4 |
64.3 |
-18.5 |
-5.2 |
Utilities |
JMH USD |
J36 |
19,025 |
18.1 |
-12.4 |
-0.5 |
-11.3 |
-4.2 |
Industrials |
SGX |
S68 |
10,370 |
16.7 |
68.6 |
10.4 |
-8.5 |
1.0 |
Fin Srv (Ex.Banks) |
ThaiBev |
Y92 |
15,200 |
16.5 |
-47.0 |
-8.5 |
10.1 |
4.3 |
Cons. Non-Cycl. |
SATS |
S58 |
4,173 |
16.5 |
-57.9 |
4.3 |
8.1 |
8.5 |
Industrials |
ST Engineering |
S63 |
11,627 |
15.9 |
35.2 |
13.8 |
-9.2 |
1.4 |
Industrials |
Mapletree PanAsia Com Tr |
N2IU |
8,652 |
15.8 |
-62.5 |
1.4 |
-22.8 |
1.9 |
REITs |
Venture |
V03 |
4,359 |
15.2 |
-98.7 |
-9.4 |
-19.5 |
1.8 |
Tech |
CityDev |
C09 |
6,702 |
13.5 |
-133.8 |
-8.1 |
13.4 |
10.0 |
Real Estate (excl. REITs) |
Jardine C&C |
C07 |
13,549 |
12.9 |
4.6 |
24.0 |
-8.3 |
-1.5 |
Cons. Cycl. |
Frasers L&C Tr |
BUOU |
4,542 |
11.8 |
-20.6 |
8.1 |
-22.8 |
-2.4 |
REITs |
Keppel DC REIT |
AJBU |
3,768 |
10.9 |
52.4 |
29.8 |
16.6 |
1.4 |
REITs |
HongkongLand USD |
H78 |
10,483 |
10.5 |
-40.1 |
-20.3 |
-27.9 |
-10.3 |
Real Estate (excl. REITs) |
Mapletree Ind Tr |
ME8U |
6,344 |
10.3 |
-31.5 |
4.9 |
-7.0 |
1.4 |
REITs |
Suntec REIT |
T82U |
3,732 |
10.0 |
-140.6 |
-4.0 |
-1.8 |
0.0 |
REITs |
ComfortDelGro |
C52 |
2,729 |
8.9 |
-23.9 |
6.1 |
20.4 |
8.6 |
Industrials |
Keppel REIT |
K71U |
3,419 |
8.0 |
-33.9 |
3.0 |
-1.2 |
1.1 |
REITs |
UOL |
U14 |
5,939 |
7.3 |
11.1 |
7.3 |
8.6 |
9.5 |
Real Estate (excl. REITs) |
CapLand Ascott T |
HMN |
3,879 |
6.5 |
16.6 |
8.8 |
-0.4 |
3.7 |
REITs |
UMS |
558 |
738 |
6.3 |
1.1 |
-4.1 |
4.2 |
3.8 |
Tech |
AEM SGD |
AWX |
1,165 |
6.0 |
44.6 |
11.5 |
2.7 |
1.6 |
Tech |
Frasers Cpt Tr |
J69U |
3,706 |
6.0 |
-3.2 |
6.2 |
-8.4 |
-0.9 |
REITs |
Lendlease REIT |
JYEU |
1,580 |
5.0 |
-61.6 |
-0.2 |
-4.5 |
3.0 |
REITs |
Golden Agri-Res |
E5H |
3,170 |
4.9 |
22.0 |
3.7 |
-5.1 |
2.0 |
Cons. Non-Cycl. |
Frencken |
E28 |
369 |
4.5 |
-8.0 |
-5.2 |
-3.7 |
-3.9 |
Tech |
SamuderaShipping |
S56 |
450 |
4.3 |
-4.5 |
27.2 |
0.3 |
-3.5 |
Industrials |
Nanofilm |
MZH |
738 |
4.1 |
-3.8 |
-17.4 |
-9.1 |
-15.6 |
Tech |
First Resources |
EB5 |
2,365 |
4.0 |
-3.0 |
11.0 |
3.6 |
8.6 |
Cons. Non-Cycl. |
ESR-LOGOS REIT |
J91U |
2,647 |
3.5 |
11.3 |
-1.3 |
2.7 |
3.0 |
REITs |
CapLand China T |
AU8U |
1,756 |
3.4 |
5.2 |
-4.5 |
-0.9 |
2.0 |
REITs |
Kep Infra Tr |
A7RU |
2,869 |
3.4 |
-27.5 |
0.5 |
-1.4 |
0.0 |
Utilities |
YZJ Fin Hldg |
YF8 |
1,204 |
3.3 |
11.8 |
-2.5 |
-2.5 |
-2.9 |
Fin Srv (Ex.Banks) |
Sheng Siong |
OV8 |
2,466 |
3.2 |
2.8 |
1.1 |
-5.4 |
0.0 |
Cons. Non-Cycl. |
Olam Group |
VC2 |
5,028 |
3.1 |
-18.3 |
-7.7 |
-3.9 |
-5.8 |
Cons. Non-Cycl. |
NetLink NBN Tr |
CJLU |
3,351 |
2.9 |
-11.3 |
6.7 |
-3.7 |
0.6 |
Telecommunications |
NIO Inc. USD OV |
NIO |
31,374 |
2.5 |
7.0 |
50.4 |
6.7 |
57.3 |
Cons. Cycl. |
Rex Intl |
5WH |
236 |
2.4 |
-3.1 |
-13.4 |
2.5 |
19.1 |
Energy/ Oil & Gas |
CapLand India T |
CY6U |
1,518 |
2.4 |
-4.5 |
5.2 |
6.8 |
0.0 |
REITs |
Raffles Medical |
BSL |
2,605 |
2.4 |
17.9 |
2.7 |
-1.0 |
2.9 |
Healthcare |
Dyna-Mac |
NO4 |
430 |
2.0 |
17.7 |
123.3 |
2.8 |
7.8 |
Industrials |
Haw Par |
H02 |
2,127 |
2.0 |
-26.8 |
1.9 |
-4.0 |
2.8 |
Healthcare |
CDL H Trust |
J85 |
1,479 |
2.0 |
-6.7 |
-2.2 |
-6.1 |
-2.5 |
REITs |
Golden Energy |
AUE |
475 |
1.9 |
27.8 |
-1.4 |
-3.6 |
0.0 |
Energy/ Oil & Gas |
DigiCore REIT USD |
DCRU |
744 |
1.9 |
-9.0 |
-7.0 |
0.7 |
3.4 |
REITs |
Best World |
CGN |
704 |
1.9 |
20.0 |
-9.0 |
-3.6 |
-11.5 |
Cons. Cycl. |
DFIRG USD |
D01 |
4,841 |
1.8 |
15.7 |
-8.3 |
-1.4 |
-3.9 |
Cons. Non-Cycl. |
AIMS APAC REIT |
O5RU |
1,010 |
1.8 |
-5.5 |
6.5 |
-2.0 |
0.8 |
REITs |
ParkwayLife REIT |
C2PU |
2,347 |
1.7 |
-16.2 |
5.0 |
-4.7 |
-0.5 |
REITs |
Geo Energy Res |
RE4 |
306 |
1.6 |
-16.4 |
-21.6 |
-1.6 |
-2.2 |
Energy/ Oil & Gas |
Manulife REIT USD |
BTOU |
248 |
1.5 |
-23.0 |
-62.6 |
-4.8 |
-40.4 |
REITs |
Top Glove |
BVA |
2,122 |
1.5 |
9.9 |
-1.9 |
-0.4 |
12.8 |
Healthcare |
HPH Trust USD |
NS8U |
2,143 |
1.4 |
-0.3 |
-0.5 |
0.0 |
-5.8 |
Industrials |
RH Petrogas |
T13 |
171 |
1.3 |
3.1 |
9.0 |
1.3 |
13.3 |
Energy/ Oil & Gas |
IFAST |
AIY |
1,673 |
1.3 |
1.3 |
-2.5 |
7.0 |
23.0 |
Tech |
Medtecs Intl |
546 |
77 |
1.2 |
-2.6 |
-29.5 |
0.0 |
6.8 |
Healthcare |
Prime US REITUSD |
OXMU |
287 |
1.2 |
-38.2 |
-52.4 |
-4.8 |
-14.8 |
REITs |
SingPost |
S08 |
1,125 |
1.1 |
9.3 |
-3.1 |
3.0 |
11.1 |
Industrials |
Yanlord Land |
Z25 |
1,565 |
1.1 |
-8.3 |
-20.6 |
-0.3 |
5.9 |
Real Estate (excl. REITs) |
ISDN |
I07 |
194 |
1.0 |
1.2 |
3.0 |
-2.1 |
-4.3 |
Tech |
PARAGONREIT |
SK6U |
2,706 |
1.0 |
20.3 |
8.0 |
0.5 |
0.0 |
REITs |
Sasseur REIT |
CRPU |
884 |
1.0 |
-17.9 |
-1.1 |
0.4 |
1.4 |
REITs |
TJ DaRenTang USD |
T14 |
4,714 |
1.0 |
40.6 |
96.3 |
-0.4 |
0.2 |
Healthcare |
StarHub |
CC3 |
1,795 |
1.0 |
-0.5 |
2.5 |
0.8 |
0.0 |
Telecommunications |
Delfi |
P34 |
739 |
1.0 |
-5.6 |
60.8 |
-0.6 |
-6.2 |
Cons. Non-Cycl. |
MarcoPolo Marine |
5LY |
199 |
0.9 |
3.6 |
29.3 |
-1.7 |
-3.6 |
Industrials |
Riverstone |
AP4 |
926 |
0.9 |
6.4 |
11.3 |
6.7 |
0.8 |
Healthcare |
SIA Engineering |
S59 |
2,754 |
0.9 |
4.8 |
7.1 |
1.2 |
-1.6 |
Industrials |
Far East H Trust |
Q5T |
1,290 |
0.8 |
7.4 |
6.8 |
1.1 |
2.4 |
REITs |
Hong Fok |
H30 |
811 |
0.8 |
6.3 |
5.2 |
-0.4 |
-0.5 |
Real Estate (excl. REITs) |
Emperador Inc. |
EMI |
8,026 |
0.8 |
-0.7 |
1.4 |
-2.6 |
-1.9 |
Cons. Non-Cycl. |
Parkson Retail^ |
O9E |
59 |
0.8 |
2.0 |
7.3 |
0.6 |
18.9 |
Cons. Cycl. |
Food Empire |
F03 |
573 |
0.8 |
10.4 |
77.6 |
3.2 |
5.9 |
Cons. Non-Cycl. |
Thomson Medical |
A50 |
1,586 |
0.8 |
-11.1 |
-23.1 |
-1.6 |
1.7 |
Healthcare |
PropNex |
OYY |
1,132 |
0.7 |
-2.2 |
37.6 |
-0.4 |
1.0 |
Real Estate (excl. REITs) |
StarhillGbl REIT |
P40U |
1,161 |
0.7 |
-6.1 |
-1.6 |
-1.9 |
0.0 |
REITs |
Great Eastern |
G07 |
8,780 |
0.6 |
27.1 |
3.5 |
-1.8 |
5.0 |
Fin Srv (Ex.Banks) |
KepPacOakREITUSD |
CMOU |
458 |
0.6 |
-16.7 |
-25.1 |
-2.6 |
2.9 |
REITs |
China Aviation |
G92 |
796 |
0.6 |
2.9 |
5.8 |
-0.1 |
-1.6 |
Industrials |
Jiutian Chemical |
C8R |
97 |
0.6 |
-6.2 |
-28.5 |
-0.9 |
-10.9 |
Materials & Resources |
Cromwell REIT EUR |
CWBU |
1,324 |
0.6 |
-8.6 |
15.0 |
-1.0 |
2.2 |
REITs |
Halcyon Agri* |
5VJ |
N/A |
0.5 |
8.1 |
N/A |
N/A |
N/A |
Cons. Cycl. |
Japfa |
UD2 |
468 |
0.5 |
-6.9 |
-30.4 |
0.3 |
7.0 |
Cons. Non-Cycl. |
Sabana REIT |
M1GU |
457 |
0.5 |
4.2 |
2.5 |
-1.0 |
-4.6 |
REITs |
Acesian Partners |
5FW |
25 |
0.5 |
0.7 |
26.2 |
0.3 |
8.2 |
Industrials |
OUE Com REIT |
TS0U |
1,697 |
0.5 |
-1.6 |
-4.7 |
-3.1 |
-6.1 |
REITs |
Aztech Gbl |
8AZ |
567 |
0.5 |
-9.0 |
-6.1 |
-1.2 |
2.1 |
Tech |
Source: SGX, Refinitiv, Bloomberg (Data as of 31 July 2023) ^Note on SGX Watchlist, *currently suspended from trading following mandatory conditional cash offer for Halcyon Agri at S$0.413 per share by China Hainan Rubber Industry Group’s wholly-owned subsidiary.
Created by SGX | Sep 12, 2024
Created by SGX | Sep 09, 2024
Created by SGX | Sep 03, 2024