MENU

The 3 Oldest Public-Listed Companies in Singapore

Old singapore It has been some 194 years since Sir Stamford Raffles first landed in our shores in 1819. Since then, Singapore has grown leaps and bounds. Now, it has become a thriving young nation that many countries look up to. Let’s take a look at three of the oldest companies listed in Singapore.

The oldest company listed in SGX is – drumrolls, please – Guthrie GTS Limited (SGX: G33). Guthrie was founded in 1821, just three years after the founding of Singapore.

Guthrie has three core business segments and they are in property (retail, residential and commercial properties), engineering projects (transport, telecommunications, building management, mechanical and electrical projects) and leisure (hotels and golf resort).

Its property arm has a stake in Jurong Point Shopping Centre and Heartland-Mall Kovan. It also provides mall management services for Tiong Bahru Plaza, Century Square Shopping Centre, Hougang Mall, White Sands Shopping Centre, Tampines 1, Liang Court and Central Plaza.

Recently, Guthrie was in the news as United SM Holdings made a voluntary unconditional cash offer of 88 cents per share for Guthrie in a move to take delist the company. At 88 cents, the offer price is at a 21.4% premium over the last closing price of 72.5 cents seen on June 19, before the company requested for a trading halt pending an announcement.

The second oldest company is Boustead Singapore Limited (SGX: F9D). It was founded in 1828 and was listed in October 1975. Boustead is a global infrastructure-related engineering services and geo-spatial technology group.

Boustead provides engineering services such as energy-related engineering to the oil & gas sector, water & wastewater engineering and real estate solutions such as industrial real-estate and township. The geo-spatial technology arm provides geographic information systems and location intelligence solutions.

Boustead is currently trading at PE of 8.1 and the dividend yield is at 3.8%.

The third oldest company is Singapore is Jardine Matheson Holdings Limited (SGX: J36). It was founded in 1832. Interestingly, when Jardines was set up, it was trading opium. Today, the stable of business interests include companies such as Jardine Pacific, Jardine Motors, Jardine Lloyd Thompson, Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Astra International.

Jardines is currently trading at a PE of 22.9 and its dividend yield is at 2.3%.

Click here now for your FREE subscription to Take Stock Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.  

Like us on Facebook   to keep up-to-date with our latest news and articles. The Motley Fool’s purpose is to help the world invest, better.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P owns shares in Boustead Singapore Limited.