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

Manufacturing firm Hi-P saw a skyrocketing return of 89.9% in April YTD.

The five best-performing billionaire stocks saw an average total return of 49% in April YTD, the Singapore Exchange revealed. Amongst them, manufacturing firm Hi-P saw the largest return of 89.8%.

Meanwhile, SBS Transit, Thai Beverage, Venture, and Silverlake Axis also made it to the top five with returns hitting 47.4%, 38%, 35.1%, and 34.7%, respectively, in April YTD.

SGX also noted the 10 least-performing billionaire stocks, including Best World International (-22.1%), Top Glove Corp (-18.4%), StarHub Ltd (-13.1%), Dairy Farm International (-9.5%), Japfa Ltd (-8.2%), Jardine Matheson Holdings (-7.9%), Mandarin Oriental International (-5.7%), Jardine Cycle & Carriage (-2.5%), Sheng Siong Group (-1.9%), and Raffles Medical Group (-1.8%). Together, they averaged a total return of -9.1% over the period.

Also read: Top 5 S-REITs hit 20% average returns YTD

For REITs and business trusts, the top five highest-yielding players saw an average yield of 8%, SGX noted. This was led by Hutchison Port Trust (9.1%), Netlink Trust (8.1%), Keppel Infrastructure Trust (8.0%), Cromwell REIT (7.8%), and Mapletree North Asia Trust (7.1%).

Meanwhile, the five highest yielding companies averaged a yield of 6.2% led by Starhub with a yield of 10.5%. Also rounding up the top five are Singtel (5.7%), Hong Leong Finance (5.4%), Frasers Property (4.8%), and SIA Engineering (4.8%).