Singapore's top billionaire stocks hit returns of 29% YTD

Sri Tang, Best World and Top Glove were the outperformers.

Leading Singapore stocks with a market cap above $1b are having a bull run after averaging a total return of 29% YTD bringing their average 12-month and three-year total returns to 30.7% and 215.5% respectively, according to an update from SGX released on November 13.

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Stocks of integrated natural rubber firm Sri Tang Agro-Industry outperformed its billion-dollar peers after returns hit 48.2% in 2018 YTD followed by Top Glove (42.9%) and Japfa (41.7%).

Transport and consumer good stocks like M1, Keppel Telecommunications & Transportation, Sheng Siong, Dairy Farm and ComfortDelGro were also included in best-performing billionaire stocks with returns ranging from 15% to 26.7%.

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On the other end of the spectrum, the ten least-performing billionaire stocks included Oxley whose returns crashed 40.9% over the same period.

It was also not a good year for Thomson Medical Group (-38.8%), CITIC Envirotech (-37.8%), Shangri-La Asia (-34.9%), Sinarmas Land (-34.8%), Hutchison Port Holdings Trust (-32.6%), Golden Agri-Resources (-32.2%), City Developments (-31.2%), Fraser and Neave (-29.7%), and StarHub Ltd (-27.8%).

These 10 stocks, who have a combined market cap of $32.2b, have averaged a total return of -34.1% in the YTD, bringing their 12M and 3Y total returns to -34.7% and -19.8% respectively.

In the month of October, M1, StarHub and Best World were top institutional net buy stocks, registering net inflows of $65.2m, $22.5m and $19.1m respectively, added SGX. City Developments, on the other hand, was among top institutional net sell stocks, posting a net outflow of S$46.6 million.