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Five Tech/Hardware Stocks Amongst Last Week’s Most Active 50
* Together, $AEM(AWX.SI), $UMS(558.SI), $FFrencken(E28.SI) , $Valuetronics(BN2.SI) and $Hi-P(H17.SI) averaged 7% gains last week, bringing their combined average 2019 YTD total return to 82% (median 74%). Globally, the largest 100 stocks by market value across the same industries have generated a 40% median YTD total return.
*Together the five Singapore stocks averaged a combined S$43.62M a day in turnover last week, up from S$21.97M a day in the first 10 months of 2019, and up from S$18.62M a day in 2018. Combined net institutional inflows for the five stocks is S$140 million in the 2019 YTD.
*The four of the five stocks that reported YoY profit growth for the recent Sept Quarter saw their turnover surge last week - results ranged from Frencken’s net profit +113% YoY, to Hi-P’s net profit -3% YoY. AEM, UMS & Valuetronics averaged +23% YoY net profit growth for the Quarter.
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Geoff_Howie - Singapore’s Key Technology Stocks Average 23% YTD Total Return
Recently heavily traded Technology companies listed on SGX have included $Venture(V03.SI), $AEM(AWX.SI), $Hi-P(H17.SI), $Frencken(E28.SI), $UMS(558.SI) & $Valuetronics(BN2.SI). Five of the six companies have recently reported earnings, with Valuetronics to report on 29 May.
Technology stocks have led stocks in multiple financial centres in the 2019 YTD. The above six companies, in addition to $NetLink NBN Tr(CJLU.SI), averaged a 23% total return in the year thus far, following 23% declines in 2018 and all six companies booking triple digit gains in 2017.
On a cumulative basis, the largest of the technology stocks, and a constituent of the Straits Times Index (“STI”), Venture has paid out over S$2.0 billion in dividends since its public listing in 1992.
Recent expansionary initiatives amongst the companies include new product launches, expanding operations over more countries, providing test services to 5G products, diversifying into broader engineering services and strategies to move up the value chain.
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Trading Activity in Technology Stocks Soars
* The 19 June trading session saw $Venture(V03.SI) as the fifth most actively traded company with S$91M in turnover. $AEM(AWX.SI), $Hi-P(H17.SI), $UMS(558.SI), $Creative(C76.SI) & $Valuetronics(BN2.SI) also ranked in the top 40 companies by turnover.
*These stocks make up six of the 10 largest capitalised Technology stocks listed on SGX that generated a median decline of 8% in the 2018 YTD, following median gains of 93% over 2017. The SIPMM Electronics Cluster PMI is now at 52.3, down 0.9 from the end of 2017.
*Technology is touted as a key driver of U.S. growth. The Trump Administration estimates 5G will potentially create up to 3 million new American jobs and generate US$500 billion a year in economic growth. This is akin to a 2.5 percentage point increase in U.S. GDP.
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Last Week's Volume Leaders
Boustead Singapore’s former Deputy Chairman, Mr Ernawan disposed of his 9.5% stake in the stock between 9-12 March. Boustead Singapore also bought back more than 28 million of its own shares over the five sessions 9 - 15 March. The company which focuses on infrastructure–Related Engineering Services and Geo–Spatial Technology Group ended last week at 82.5 cents marginally higher than were it began February at 81.0 cents.
Because of these transactions the stock averaged a daily volume of 6.6 million shares last week which was more than five times its average daily volume of the past three months. Hence, the stock led the list of volume leaders (based on a comparison of the active stocks volume for last week to their three month volume). The five leaders for the preceding week are attached.
Last week the STI added eight tenths of a percent ending at 3512. That places the STI about 60 points lower than the February high of 3575, and 170 points above the February low of 3340. S&P futures ahead of the Asia opens are flat. The STI remains among the best performers of the big benchmarks, dividend inclusive returns in the year thus far are 3.4% with the MSCI World Index up 0.4%. STI's strongest stocks last week were $Venture(V03.SI), $CapitaCom Trust(C61U.SI), $ST Engineering(S63.SI), $SingTel(Z74.SI) and $CapitaMall Trust(C38U.SI). They averaged a 4.4% gain whilst five least performing averaged a 2.2% decline.
The STI has generated a 4.0% total return in the first eight weeks of 2018, outpacing an average 0.7% gain for the benchmarks of Japan, Hong Kong and Australia. The STI also generated three times the gains of the MSCI AC Asia Pacific Index.
The five strongest STI stocks in the 2018 YTD have been $Venture(V03.SI), $DBS(D05.SI), $Keppel Corp(BN4.SI), $OCBC Bank(O39.SI) and $Sembcorp Ind(U96.SI) with 14.5% average returns. The five least performing STI stocks averaged a 10.1% decline.
STI stocks that are scheduled to report this week include $UOL(U14.SI), $Golden Agri-Res(E5H.SI), $Venture(V03.SI) and $CityDev(C09.SI). Last year $Venture(V03.SI) reported 9MFY17 net profit rose 81.5% YoY to S$230 million on strong revenue growth and value creation through engineering and R&D capabilities.
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