The economic fall-out from COVID-19 is still on-going. This has also resulted in the stock market declining over 20% in Singapore, and many other global exchanges.
Along with this plunge, volatility has increased, which has seen Singapore’s benchmark Straits Times Index (STI) losing up to 31%, before rebounding 15% from its 2020 lows – to 2571.32 today. This week alone, the STI has gained 6% – a return we would typically expect on an annual basis.
In this edition of 4 Stocks This Week, we look at companies which have rebounded the most since its 2020 lows. According to SGX’s stock screener, StockFacts, there are close to 100 primary-listed companies with a market capitalisation over $600 million in Singapore – which we shortlist the 4 stocks from.
Riverstone (SGX: AP4)
Riverstone is an integrated manufacturer of cleanroom products such as rubber gloves, finger cots, packaging material, face masks, face pouches, hoods, caps, jumpsuit, shoe covers, boots, wipes, swabs and others.
Its products are exported mainly to Asia, North America and Europe, and its main customers are in the electronics industry. It also has manufacturing facilities in Malaysia, Thailand and China.
At the start of 2020, its share price was MYR0.925. As the share market experienced heightened volatility, Riverstone’s share price plunged 22% to MYR0.725. It then recovered to above its initial share price in 2020, to MYR1.14.
From its lowest point of MYR0.725 on 19 Mar 2020, it has gained more than 57%.
Genting Singapore (SGX: G13)
Genting Singapore operates the Resorts World Sentosa (RWS), and is in the business of gaming, hospitality, MICE, leisure, and entertainment.
Genting Singapore started 2020 at a share price of $0.92. As COVID-19 impacted businesses, especially in the tourism and entertainment segment, Genting Singapore saw its share price decline to $0.51 on 19 March 2020.
While COVID-19 and stricter safe distancing measures in Singapore and globally continues to impact the movement of people, Genting Singapore’s share price has recovered to $0.725 – or a 42% increase.
Mapletree Logistics Trust (SGX: M44U)
Mapletree Logistics Trust owns logistics properties in Singapore, Australia, China, Hong Kong, Japan, Malaysia, South Korea and Vietnam.
At its lowest point, Mapletree Logistics Trust fell 29% from $1.74 to $1.24 on 23 March 2020. Since then, its share price has staged a 39% recovery to $1.72. This brings it almost on par with the share price it started out the year with.
At its current share price, it is paying out a yield of 5.4%. For REITs, it remains to be seen whether it can continue paying out such income as rentals globally will come under pressure.
Frasers Logistics & Industrial Trust (SGX: BUOU)
Frasers Logistics and Industrial Trust owns 93 high quality logistics and industrial properties in Australia, Germany and the Netherlands.
Since the start of 2020, its share price nose-dived 46% to $0.665 at its lowest point, on 23 March 2020. Its share price has also subsequently recovered 39% to $0.925 since.
At its share price, it is currently paying out a distribution of close to 9.4%.
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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.