- The 50 largest capitalised stocks categorised to the industrials sector represent more than one fifth of the Singapore stock market capitalisation.
- These 50 stocks generated an average 2014 year-to-date total return of 13.9% and a median total return of 9.2%.
- Comparing to the STI which generated a 6.3% year-to-date total return, 27 of the 50 industrials stocks generated better performance than the index.
- In terms of 2014 year-to-date total return, the five best performing stocks among the 50 largest capitalised industrials stocks were Sino Construction, Sarine Technologies, United Engineers, United Envirotech and Nam Cheong.
Industrial stocks are an important part of the South East Asia stock markets. Of the proximate S$2.5 trillion of market capitalisation across the ASEAN exchanges, almost one-fifth of the capitalisation is represented by Industrial stocks. Industrials stocks, as categorised by Global Industry Classification Standard (GICS), include companies that are involved in the categories of capital goods, commercial & professional services and transportation.
The 50 largest capitalised stocks of the GICS designated industrials sector have a combined market capitalisation of S$227.4 billion. They generated an average 2014 year-to-date total return of 13.9% and a median total return of 9.2%. Comparing to the Straits Times Index (STI) which generated a 6.3% year-to-date total return, there are 27 industrials stocks of this group of 50 which generated a better performance than the index.
These 50 stocks come from a diverse 17 subsectors within the industrials sector including airlines, construction & engineering, industrial machinery and railroads. The three subsectors with the most number of stocks are construction & engineering, industrial conglomerates and construction machinery & heavy trucks.
The table below details these 50 largest capitalised GICS designated industrials stocks. Note that the GICS categorisation is different to the Industry Classification Benchmark (ICB) which categorises Keppel Corp, Sembcorp Industries and Sembcorp Marine to Oil & Gas. The table below is sort by market capitalisation. To sort the table by performance or other parameters please go to SGX StockFacts here.
| Name | SGX Code | Market Cap S$ M | Px Chg Pct YTD % | Total Return 12M % | Total Return YTD % | Dvd Ind Yld % | GICS SubInd Name |
| JARDINE MATHESON HLDGS | J36 | 51894.7 | 15.1 | 13.0 | 17.9 | 2.4 | Industrial Conglomerates |
| JARDINE STRATEGIC HLDGS | J37 | 49779.1 | 10.0 | 5.4 | 10.9 | 0.7 | Industrial Conglomerates |
| KEPPEL CORP | BN4 | 19134.4 | -6.2 | 4.7 | -2.5 | 4.0 | Industrial Conglomerates |
| SINGAPORE AIRLINES | C6L | 11650.1 | -5.5 | -1.4 | -2.1 | 2.1 | Airlines |
| SINGAPORE TECH ENGINEERING | S63 | 11542.2 | -7.8 | -8.7 | -3.9 | 2.2 | Aerospace & Defense |
| NOBLE GROUP | N21 | 9397.4 | 21.5 | 41.1 | 22.6 | 0.9 | Trading Companies & Distributors |
| SEMBCORP INDUSTRIES | U96 | 9292.5 | -5.6 | 2.0 | -1.7 | 1.0 | Industrial Conglomerates |
| SEMBCORP MARINE | S51 | 7855.7 | -16.0 | -14.7 | -13.2 | 3.0 | Construction Machinery & Heavy Trucks |
| HUTCHISON PORT HOLDINGS TR-U | NS8U | 7611.0 | 4.8 | -1.5 | 13.2 | 7.0 | Marine Ports & Services |
| COMFORTDELGRO CORP | C52 | 5347.1 | 19.4 | 26.1 | 23.6 | 3.2 | Trucking |
| SIA ENGINEERING CO | S59 | 5234.6 | -8.9 | -0.3 | -5.6 | 4.3 | Airport Services |
| YANGZIJIANG SHIPBUILDING | BS6 | 4445.2 | -0.4 | 12.7 | 4.1 | 4.3 | Construction Machinery & Heavy Trucks |
| SINGAPORE POST | S08 | 3808.2 | 35.5 | 47.8 | 39.7 | 3.5 | Air Freight & Logistics |
| SATS | S58 | 3463.1 | -5.3 | -2.1 | -2.8 | 4.2 | Airport Services |
| NEPTUNE ORIENT LINES | N03 | 2437.9 | -17.3 | -15.1 | -17.3 | N.A. | Marine |
| SMRT CORP | S53 | 2366.9 | 33.6 | 22.0 | 34.6 | 1.4 | Railroads |
| UNITED ENGINEERS | U04 | 1789.1 | 57.7 | 64.1 | 62.8 | 2.5 | Construction & Engineering |
| COSCO CORP SINGAPORE | F83 | 1522.7 | -10.6 | -12.8 | -9.3 | 1.5 | Construction Machinery & Heavy Trucks |
| UNITED ENVIROTECH | U19 | 1274.0 | 49.7 | 54.3 | 50.1 | 0.2 | Environmental & Facilities Services |
| GALLANT VENTURE | 5IG | 1230.4 | -5.6 | -12.1 | -5.6 | N.A. | Industrial Conglomerates |
| SARINE TECHNOLOGIES | U77 | 1039.8 | 64.9 | 97.9 | 68.5 | 0.8 | Industrial Machinery |
| CWT | C14 | 1023.5 | 23.6 | 22.5 | 26.6 | 2.1 | Air Freight & Logistics |
| VARD HOLDINGS | MS7 | 985.3 | 4.3 | -2.3 | 4.3 | N.A. | Construction Machinery & Heavy Trucks |
| KEPPEL TELECOM & TRANSPORT | K11 | 940.6 | 10.1 | 22.2 | 12.3 | 2.1 | Air Freight & Logistics |
| NAM CHEONG LIMITED | N4E | 923.0 | 38.1 | 59.6 | 41.9 | 1.1 | Construction Machinery & Heavy Trucks |
| CHINA MERCHANTS HLDGS PAC | C22 | 845.6 | 2.7 | 18.6 | 7.5 | 8.2 | Highways & Railtracks |
| PAN OCEAN CO | TO9 | 751.7 | -84.1 | -92.7 | -84.1 | N.A. | Marine |
| KEPPEL INFRASTRUCTURE TRUST | LH4U | 658.1 | -0.5 | 11.0 | 7.3 | 6.0 | Environmental & Facilities Services |
| CHIP ENG SENG CORP | C29 | 563.5 | 25.0 | 37.7 | 32.0 | 4.5 | Construction & Engineering |
| HONG LEONG ASIA | H22 | 560.9 | 11.6 | 6.5 | 14.5 | 2.7 | Industrial Conglomerates |
| BONVESTS HOLDINGS | B28 | 559.0 | 20.4 | 20.7 | 21.8 | 1.1 | Industrial Conglomerates |
| PAN-UNITED CORP | P52 | 545.0 | 0.0 | 11.1 | 4.1 | 4.4 | Trading Companies & Distributors |
| VICOM | V01 | 537.0 | 22.9 | 30.2 | 27.5 | 2.8 | Diversified Support Services |
| SBS TRANSIT | S61 | 525.4 | 29.3 | 27.8 | 31.2 | 1.3 | Trucking |
| TAT HONG HOLDINGS | T03 | 503.8 | -12.2 | -18.0 | -11.2 | 2.5 | Trading Companies & Distributors |
| LOW KENG HUAT SINGAPORE | F1E | 487.6 | -3.6 | 2.8 | 0.5 | 4.6 | Construction & Engineering |
| SINO CONSTRUCTION | F3V | 395.0 | 213.8 | 1452.6 | 213.8 | N.A. | Construction & Engineering |
| TIGER AIRWAYS HOLDINGS | J7X | 395.0 | -21.6 | -29.2 | -21.6 | N.A. | Airlines |
| CIVMEC | P9D | 388.3 | -1.9 | -1.6 | -1.9 | 0.9 | Construction & Engineering |
| LIAN BENG GROUP | L03 | 373.5 | 25.9 | 28.3 | 30.1 | 1.5 | Construction & Engineering |
| ROTARY ENGINEERING | R07 | 360.4 | -4.5 | 9.1 | -2.5 | 2.4 | Construction & Engineering |
| OKH GLOBAL | S3N | 352.0 | 2.8 | -24.8 | 2.8 | 5.6 | Construction & Engineering |
| WEE HUR HOLDINGS | E3B | 349.3 | 10.1 | 16.3 | 16.3 | 5.3 | Construction & Engineering |
| RIVERSTONE HOLDINGS | AP4 | 346.5 | 29.7 | 42.4 | 33.5 | 2.8 | Office Services & Supplies |
| AMTEK ENGINEERING | M1P | 343.7 | 32.6 | 43.4 | 36.0 | 3.7 | Industrial Machinery |
| CHARISMA ENERGY SERVICES | 5QT | 338.8 | -62.2 | -49.2 | -62.2 | N.A. | Construction & Engineering |
| UE E&C | NI3 | 337.5 | 23.1 | 45.8 | 29.7 | 3.9 | Construction & Engineering |
| LUNG KEE (BERMUDA) HOLDINGS | L09 | 315.8 | 13.6 | 31.8 | 31.8 | 4.6 | Industrial Machinery |
| HALCYON AGRI CORP | 5VJ | 315.8 | -3.3 | 0.6 | -2.0 | 1.4 | Diversified Support Services |
| OTTO MARINE | G4F | 297.1 | -28.4 | 4.5 | -27.4 | 1.4 | Construction Machinery & Heavy Trucks |
Source: Bloomberg (Data as of 30 September 2014)
In terms of 2014 year-to-date total return, the five best performing stocks among the 50 largest capitalised industrials stocks were Sino Construction, Sarine Technologies, United Engineers, United Envirotech and Nam Cheong. These five stocks have a combined market capitalisation of S$5.4 billion. These stocks derived a significant portion of their revenue from a diverse range of markets within Asia Pacific region such as China, India and Singapore.
Sino Construction
Sino Construction has operations in building construction and civil engineering activities in countries including China and Singapore. The company is in the midst of transforming itself from a construction player into one that is focused on the mineral resources and energy sector. Sino Construction has a market capitalisation of S$395.0 million and generated 2014 year-to-date total return of 213.8%. On 14 August 2014, Sino Construction reported revenue of S$1.1 million and loss for the period of S$30,000 for the second quarter ended 30 June 2014 (click here to view). In its press release on 25 September 2014, Sino Construction announced that it intends to make an off-market takeover bid to acquire 100% stake in Australian-listed Guildford Coal Limited (click here to view).
Sarine Technologies
Sarine Technologies develops, manufactures, markets and sells precision technology products for the processing of diamonds and gemstones. Sarine Technologies has a market capitalisation of S$1.0 billion and maintained 2014 year-to-date total return of 68.5%. On 10 August 2014, Sarine Technologies reported revenue of US$24.7 million and profit for the period of US$8.6 million for the quarter ended 30 June 2014 (click here to view). The stock went ex-dividend on 18 August 2014, distributing US$0.03 per share in dividends.
United Engineers
United Engineers has businesses in property, engineering and construction. In its press release on 27 August 2014, United Engineers announced that the company’s controlling shareholders have been approached by a party in connection with a possible transaction relating to their combined stakes in the company and WBL Corporation Limited (click here to view). United Engineers has a market capitalisation of S$1.8 billion and generated 2014 year-to-date total return of 62.8%. On 14 August 2014, United Engineers reported profit net of tax of S$42.3 million for the three months ended 30 June 2014, an increase from S$23.4 million for the previous corresponding period (click here to view).
United Envirotech
United Envirotech is a holding company that provides environmental solutions in the areas of water and wastewater treatment. The company also provides membrane based water and wastewater treatment, and reclamation solution in China’s chemical, petrochemical and industrial park sectors. United Envirotech has a market capitalisation of S$1.3 billion, with 2014 year-to-date total return of 50.1%. On 13 August 2014, United Envirotech reported revenue of S$66.3 million and net profit of S$22.7 million for the three months ended 30 June 2014 (click here to view). The stock went ex-dividend on 7 August 2014, distributing S$0.003 per share in dividends.
Nam Cheong
Nam Cheong is an offshore marine group with specialisation in the building of Offshore Support Vessels (OSVs) equipped with the technology for use in the offshore oil and gas exploration and production, and oil services industries. The company is headquartered in Kuala Lumpur, Malaysia. Nam Cheong has a market capitalisation of S$923.0 million and generated 2014 year-to-date total return of 41.9%. On 8 August 2014, Nam Cheong reported RM63.0 million for the second quarter ended 30 June 2014, an increase from RM41.1 million in the previous corresponding period (click here to view).
