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How Did the Singapore Stock Market Fare This Week?

During the week, the Straits Times Index  (SGX: ^STI) went nowhere as it gained less than one point to end Friday at 2,847.

Of the 30 index stocks, 13 had managed to end the week higher with Thai Beverage Public Company Limited (SGX: Y92) being the biggest winner.

Thai Beverage, one of the largest beverage producers in Asia, closed yesterday’s trading session at S$0.96, representing a 5.5% increase. This is the highest price the company’s shares have closed at since its listing in 2006. Thai Beverage is currently valued at 23 times historical earnings.

My Foolish colleague Chin Hui Leong had recently scoured through Thai Beverage’s latest annual report and found 16 figures that may be of interest to investors. You can check it out here.

Meanwhile, property developer CapitaLand Limited (SGX: C31) is the leader of the losing pack. Its share price had declined by 3%. In all, 14 stocks within the Straits Times Index ended the week with loses. This leaves three stocks with unchanged share prices.

On 7 July, CapitaLand announced that it had joined forces with US-based credit card company American Express to launch Singapore’s one and only multi-mall loyalty credit card, the American Express CapitaCard. CapitaLand hopes the credit card can increase both shopper traffic and sales at its malls and encourage repeat spending. The points obtained by shoppers from spending in the company’s malls can be used to exchange for vouchers. The partnership will “also broaden American Express’ reach in Singapore.”

Outside the Straits Times Index, SPH REIT (SGX: SK6U), a retail real estate investment trust (REIT) which owns Paragon and Clementi Mall, closed Friday’s trading at S$0.95, 2.2% higher than a week ago.

On Thursday, SPH REIT announced its third-quarter earnings for the three months ended 31 May 2016. The REIT’s gross revenue had grown by 1.9% year-on-year to $52 million while net property income rose 1.8% to S$40 million. SPH REIT’s distribution per unit also increased by 0.7% to 1.36 Singapore cents.

With Clementi Mall posting flat revenue, the increase in the REIT’s gross revenue was entirely due to higher revenue from Paragon. Both malls reported a full occupancy rate. It’s worth noting that almost 78% of the leases in Clementi Mall by gross rental income is set to expire by 31 August 2017. The REIT currently has a price-to-book value of 1.

The SPDR STI ETF (SGX: ES3), an index tracker which can be taken as a proxy for the Straits Times Index, is valued at 11.9 times trailing earnings and has a dividend yield of 3.5%.

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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 Sudhan P doesn’t own shares in any companies mentioned.