On the back of the recent spread of COVID-19, which originated in Wuhan, China, the Straits Times Index (STI) has already fallen 6.8% to 3,011.08 since the start of the year.
Source: SGX
Of course, this coronavirus-driven sell-off is not just unique to the Singapore Exchange (SGX), but has impacted stock markets across the globe, wiping out close to $6 trillion in market value worldwide.
For this week’s instalment of 4 Stocks This Week, we use SGX’s stock screener – Stock Facts – to look at the 4 biggest losers, with a market capitalisation of at least $700 million in Singapore in the past four weeks.
Silverlake Axis (SGX: 5CP)
With a market capitalisation of $807.1 million, Silverlake Axis is a market leader in banking and finance software in ASEAN, for major organisations in banking, insurance, payments, retail and logistics industries.
Despite being the biggest loser on SGX in the past 4 weeks, losing 20.0% of its market value to trade at $0.300, its share price decline has been apparent even in the longer-term. Since the start of the year, it has lost 26.8% of its market value, and in the last one-year period, its share price has dropped 47.4%%.
Its business is defensive in nature, with companies requiring such services regardless of how well or poorly the economy performs. At the same time, it is also operating in a sector that is thriving, with fintech and technology companies sprouting up, it may also act as a double-edged sword impacting its operations.
Read Also: How To Invest In Technology Companies, Beyond The Famous ‘FAANG’?
Del Monte Pacific (SGX: D03)
Del Monte Pacific is dual-listed in Singapore and the Philippines and has a market capitalisation of $748.0 million. The group is in the business of producing and distributing food and beverage products worldwide under the Del Monte and S&W brands.
Del Monte is the second biggest loser on the SGX in the past 4-week – shaving 18.9% of its market value to trade at $0.120 today.
With more than 130 years of history behind its brands, Del Monte has an extensive global footprint and market leadership positions in the Philippines and USA. It is also an innovator of new products within the categories it operates in and is constantly trying to penetrate new international markets.
Read Also: How Much Can You Save Over A Month When You Buy House Brands At Supermarkets?
Hi-P International (SGX: H17)
Hi-P International specialises in contract manufacturing of precision plastic injection molding, mold design and fabrication, assembly, surface finishing and precision metal stamping.
Trading at $1.06, Hi-P International is the third-largest loser on SGX in the past four weeks, having lost 18.5% of its market value in that time. Since the start of the year, its share price has declined by 30.7%.
With 13 of its 16 manufacturing plants located in China, its operations may be affected in the near-term. In the longer term, it can leverage on its established business relationships with multinational customers, such as Motorola, Gillette, Braun, Siemens, Kodak, Seagate, Mactor and Elcoteq, operating in the technology-intensive industries of telecommunications, consumer electronics and electrical, data storage, life sciences and medical and automotive.
Read Also: 4 Financial Ratios To Look Out For When Investing In Small & Mid-Cap Stocks
Tosei Corporation (SGX: S2D)
Japan-based Tosei Corporation operates six businesses – revitalisation business, development business, rental business, property management business, hotel business and fund and consulting business.
In the past 4-weeks, its share price has experienced a lost of 18.2% of its market value. It currently trades at ¥9.50.
Tosei Corporation operates within vibrant real estate regions in Japan, and can leverage on its key expertise of improving the properties that it acquires and manages.
Read Also: 4 Industries In Singapore That Are Impacted By COVID-19 And What Can We Do About It
Advertiser Message
Dive Into The Latest Market Updates And Research Reports
With over 25,000 subscribers, SGX Invest Telegram channel has expanded since 2020 to bring you more than just market insights, updates on sector and stock performances, plus all the happenings in Singapore’s securities market, tailored for individual investors like you.
Fixed Deposits
Beginners’ Guide To Best Fixed Deposits In Singapore
