Singapore billionaire stocks beat Hong Kong in 9M total return

Average return hit 10.4% compared to Hong Kong’s 2.9%.

Singapore’s billionaire stocks, defined as companies with a market cap of at least $1b, bested Hong Kong in the first nine months of 2019, garnering 10.4% in total returns compared to 2.9% respectively but trails behind China’s 14.8%, according to the Singapore Exchange.

About 100 billionaire stocks in Singapore generated a median decline of 1.9% in total return in Q3.

The five best-performing billionaire stocks posted an average total return of 4.9% in Q3 2019. Thai Beverage saw the largest returns of 48.3% in September YTD and 6.6% in the quarter.

Also read: Top 5 billionaire stocks hit average return of 49% in April

Quarter-wise, it is followed by SIA Engineering Company (SIAEC) with 5.9% returns and SingPost with 5.3%. City Developments (CDL) and Sheng Siong rounded out the top five 4.4% and 2.4% returns, respectively.

Amongst the top five, CDL posted the second highest returns in YTD terms at 23.6%, followed by SIAEC at 17.1%.

On a regional scale, 450 billionaire stocks across ASEAN outside of Singapore posted a median decline of 1.1% over the quarter, and an 11.2% return for YTD 2019.