The Singapore Exchange is home to nearly 100 stocks with market capitalisations of more than S$1 billion. These “billionaire stocks” are from a range of sectors and geographical concentrations, giving investors a wide range of investment opportunities.
Contrary to common perception that larger capitalised stocks can only deliver modest growth, as compared to smaller caps, the top performing billionaire stocks on SGX have delivered enviable returns in 2018 year-to-date, despite market corrections and overall uncertainty and volatility.
In fact, the top 10 best-performing billionaire stocks averaged a total return of 29% for 2018 year-to-date. These stocks are Sri Trang (48.2%), Best World (44.0%), Top Glove (42.9%), Japfa (41.7%), M1 (26.7%), Keppel T&T (21.2%), Sheng Siong (18.4%), Dairy Farm (17.4%), ComfortDelGro (15.3%), and Haw Par (14.8%).
Today, we’ll take a look at the 4 best-performing billionaire stocks on SGX year-to-date.
Sri Trang Agro-Industry Public Company Limited (SGX: NC2)
Sri Trang is the world’s largest fully integrated natural rubber company, with a market share of 10% of global natural rubber consumption. It manufactures and distributes natural rubber products in Thailand, Indonesia, Singapore, the United States, China, Vietnam, and Myanmar. In addition, they also engage in rubber, palm, and temperate fruit plantation activities.
In particular, they offer specifically-graded rubber for use in tyre production, conveyor belts, rubber pipes, shoes, and automotive parts. They also offer concentrated latex used as a raw material in the production of gloves, condoms, baby pacifiers, elastic, and other adhesives.
Further up the value chain, Sri Trang provides examination gloves, high-pressure hydraulic hoses, escalator handrails, and rubber injection-molded goods
In their most recent earnings report, the company said it aims to doubling its market share to 20% of global natural rubber consumption over the long term, and continues to focus on broadening its customer base while expanding production capacity to 2.86 million tons per annum by year-end.
Sri Trang is dual-listed on SGX and Stock Exchange of Thailand. It closed on SGX at $0.68 this week, giving it a market capitalisation of $ 1.02 billion.
Read Also: How Do You Start Investing In Rubber?
Best World International Limited (SGX: CGN)
Through its direct selling, export, and manufacturing/wholesale segments, Best World develops, manufactures and distributes premium skincare, personal care, nutritional and wellness products to its member customers in the 12 markets it operates in.
They are: Singapore, Thailand, Taiwan, Indonesia, Malaysia, Vietnam, Hong Kong, China, Korea, The Philippines, Myanmar, and Dubai. In China alone, it has 28 franchisees nationwide covering 10 provinces and one municipality, including Zhejiang, Sichuan, Guangdong, Henan, Heilongjiang and Chongqing.
In their recent earnings report, the company reported that revenue jumped 96.8% year-on-year to $92.1 million, mostly due to the full commencement of the franchise segment in China since July 2018.
Best World closed at $2.11 this week – a 52-week high – which gives it a market capitalisation of about $1.16 billion.
Top Glove Corporation Bhd. (SGX: BVA)
Top Glove is the world’s largest manufacturer of gloves, exporting its products to more than 195 countries. It is primary-listed on Bursa Malaysia, while having a secondary listing on SGX.
For the quarter ended 31 August 2018, the company recorded RM1.22 billion in revenues, which is the highest-ever sales Top Glove achieved in a single quarter. This was attributed to productivity gains from technology innovations and robust demand growth.
Top Glove continues to expand production capacity across its facilities, with a target of a 746 production lines and output of 69.1 billion gloves per annum by 2020. It also plans to expand operations in Vietnam, having entered into an agreement to buy a land site for a new factory that is scheduled to start operations within two years.
Japfa Ltd. (SGX: UD2)
Headquartered in Singapore, Japfa is an industrial agri-food company that produces and sells dairy products, protein staples, and packaged food products under the So Good, So Nice, Real Good, and So Yumm brands in Singapore, Indonesia, Vietnam, China, India, Myanmar, and around the world.
It closed this week at US$ 0.514 (S$ 0.705), giving it a market capitalisation of S$ 1.3 billion, and represents a 41.7% gain in 2018 year-to-date.
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4 Stocks This Week is not a recommendation from us to buy or sell any of these stocks. For investors who are keen to find out more, you should continue researching about them before making your investment decisions.