Fraser & Neave registered 6.6% price gain YTD

It is currently the best performing Beverage stock.

The Beverage industry may be small in terms of the number of listed counters, but it actually accounts for more than half of the total market capitalisation of the F&B industry.

According to a report by SGX, Thai Beverage Public Company had gained 3.6% as of yesterday. Fraser & Neave, which is the best performer, gained 6.6%, while Dukang Distillers Holdings prices climbed 2.5% year to date. This means an average 4.2% price gain for the sector. On average, the companies maintain a dividend yield of 2.7%.

These three Beverage stocks have a combined market capitalisation of S$22.3 billion, taking up 52% of the total market capitalisation of the F&B industry which constitutes 39 companies.

Thai beverage, best known for its flagship Chang Beer label- is the largest capitalised Beverage stock with a market capitalisation of S$18.0 billion. It is also a constituent of the Straits Times Index (STI). This is followed by Fraser and Neave which has a market capitalisation of S$4.2 billion. Dukang Distillers, an investment holding company, manufactures, markets, and sells baijiu products in the People’s Republic of China has a market capitalisation of S$98.2 million.