Packaged foods stocks’ daily turnover swells 144% in July 2016

Innovation and internationalisation powered growth.

Innovation and internationalisation are proving to be great stimuli to the F&B industry as the five biggest stocks representing Packaged Foods and Meats Industry registered a 144% increase in their average daily turnover in July 2016 from July 2015, with average best depth value jumping 170%.

According to SGX, growth-sensitive manufacturers are looking for more creativity and are banking more on products that are appetizing in many countries. This has spurred ongoing transformation in Singapore’s F&B sector, industry associations said.

Delfi, Japfa, Super Group, Yeo Hiap Seng and Del Monte Pacific are the city-state’s five largest Packaged Foods & Meats stocks. Of the five, Japfa saw the highest turnover growth with average daily turnover of S$1.9 million in July 2016, compared to $403,000 in July 2015. The biggest growth in best depth value was observed by Del Monte Shares, with best depth value at S$380,000 in July 2016 compared to S$57,600 in July 2015.

Meanwhile, the 10 biggest Packaged Foods & Meats stocks have so far averaged a 12.6% total return this year against Asia Pacific’s 10.1% and the world’s 8.9%.

Of the 10, Delfi, Japfa, Super Group, Yeo Hiap Seng and Del Monte Pacific, make up more than 90% of the stocks’ market capitalisation, in addition to more than 60% of the combined market capitalisation of the sub-industry. Market capitalisations range from $1.5 billion to S$350 million, SGX said.