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A Quick Tour of Singapore’s Billion-Dollar Companies

Singapore is known for punching above its weight.

This may ring true for Singapore-listed companies as well. A recent report from bourse operator Singapore Exchange Limited (SGX: S68) had listed 91 companies that trade above a market capitalisation of S$1 billion. These companies come from a range of industries.

Here’re some highlights of the report (figures as of 13 May 2016, unless otherwise stated):

  1. The largest Singapore company is Singapore Telecommunications Limited (SGX: Z74). The telecommunications outfit weighed in with a market cap of almost S$62 billion. Singtel dwarfs its peers, Starhub Ltd (SGX: CC3) and M1 Ltd (SGX: B2F). The former had a market cap of S$5.8 billion while the latter had a market cap of S$2.2 billion.
  2. Real estate investment trusts (REIT) feature strongly in the list as well. There are a total of 20 REITs that have market caps of over S$1 billion. CapitaLand Mall Trust (SGX: C38U)Ascendas Real Estate Investment Trust (SGX: A17U), and CapitaLand Commercial Trust (SGX: C61U) are among the largest REITs in Singapore. The trio are also component stocks of the Straits Times Index (SGX: ^STI) and each have a market cap of more than S$4 billion each.
  3. Speaking of the Straits Times Index, Singapore’s three banks are also in the billion dollar club. DBS Group Holdings Ltd (SGX: D05) and Oversea-Chinese Banking Corp Limited (SGX: O39) had market caps of S$37.4 billion and S$34.3 billion, respectively. United Overseas Bank Ltd (SGX: U11) is the “smallest” at S$28.6 billion.
  4. There are also 10 consumer staples stocks in there. The largest of the lot would be Wilmar International Limited (SGX: F34), followed by Thai Beverage Public Company Limited (SGX: Y92). The former had a market cap of S$20.5 billion while the latter’s stood at S$18.8 billion.
  5. Size is just one factor when looking at companies. Large companies, even billion dollar ones, are not always safe investments. Case in point: billion dollar companies such as Genting Singapore PLC (SGX: G13)Noble Group Limited (SGX: N21), and Sembcorp Marine Ltd (SGX: S51) have all lost more than half their value over the past five years.  As always, we should do our due diligence before committing our hard earned cash into stocks, be it big caps or small cap.

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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.