Eight manufacturing stocks averaged YTD total return of 16%

ThaiBev leads the pack with a 46% total return.

Eight stocks with manufacturing activities across the F&B, maritime, value chain management and hi-tech industries hit an average total return of 16% YTD, according to an SGX report.

ThaiBev leads the pack with a 46% total return, followed by AEM Holdings at 43%, Hi-P International at 34%, Wilmar International at 19%, ST Engineering at 15% and Venture Corporation at 14%. The two maritime plays Sembcorp Marine and Yangzijiang recorded negative returns of 23% and 22%, respectively.

These eight firms drew $510m in net institutional inflow over the first nine months of the year.

Eight manufacturers also made it to Singapore’s most actively traded 40 stocks in 9M. Wilmar International and Thai Beverage averaged a 32% total return, with both stocks seeing similar net institutional inflows close to $200m. Thai Beverage, in particular, saw its revenue rise 18% YoY in the 9M period ending 30 June, led by growth in its beer business and food business. 

Meanwhile, Venture Corporation and ST Engineering have generated nearly similar 14% total returns, with ST Engineering seeing $170m in net institutional inflow and Venture Corporation at $40m.

AEM Holdings and Hi-P International both averaged 39% total returns with the same net institutional inflow of $25m.

Also read: Sembcorp Marine's Q4 profits sink 94.9% to $5.93m