Technology Stocks that Light Up Your Portfolio

If technology excites you, the Singapore stock exchange may have a few companies that could be of interest.

The ten largest Information Technology (IT) stocks listed in Singapore have a combined market capitalization of S$6.9 billion and has generated an annual total return of 9.1% over the past three years (as of 18 November 2015). This information was provided by a recent article from bourse operator Singapore Exchange Limited  (SGX: S68).

Singapore’s Silicon Valley

Here’s a little more about the dectet of the largest IT stocks in Singapore:

  1. The two of the largest are Venture Corporation Ltd  (SGX: V03) and Silverlake Axis Ltd (SGX: 5CP). The former had a market cap of S$2.4 billion while the latter weighed in at S$1.8 billion, both as of 18 November 2015. Notably, Silverlake Axis has been a subject of a short-attack in August this year.
  2. Venture Corporation is also one of the best performers of the year, recording a total return of 15.6% from the start of the year up till 18 November 2015. A recent Initial Public Offering (IPO) debutant, iFast Corporation Ltd (SGX: AIY), rules though with a 35.2% total return over the same period.
  3. GP Industries Ltd (SGX: G20) and UMS Holdings Ltd (SGX: 558) have both enjoyed a good run over the past three years. GP Industries has clocked in a 133.7% total return while UMS Holdings has recorded a 115.2% gain.
  4. As the largest listed IT company in Singapore, Venture Corporation has 40 companies around Southeast Asia and employs 12,000 people globally. According to an earlier research report by Maybank, Venture has been able to secure new customers such as leading US-based genomic firm Illumina, Inc. Furthermore, Venture is also engaged with an industry leader in the growing 3D-printing space.

The IT sector is still relatively limited compared to the total size of the Singapore stock exchange. However, judging by the returns, there may be one or two interesting companies worth studying for your own portfolio.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.