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.
Full report here - https://bit.ly/2HsAAXz
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