Inside Singapore’s Billion-Dollar Club: The Billion-Dollar Companies You Might Not Know About

When we think about companies with a market capitalization of over S$1 billion in Singapore’s stock market, most of us would typically only focus on the 30 companies that make up the local market benchmark, the Straits Times Index (SGX: ^STI).

It is true that all 30 Straits Times Index constituents have multi-billion market caps. But, there are actually many other companies listed here in Singapore that are part of the billion-dollar club too. Here are three which some investors may not have heard about.

The Agri-Food giant

The Indonesia-based Japfa Ltd (SGX: UD2) has a market cap of more than S$1.4 billion currently.

Japfa is a farming company that produces dairy, animal proteins, and consumer food products. It sources most of its revenue (over 70% of total revenue in 2015) from Indonesia but also has a presence in Singapore, Myanmar, India, Vietnam, China and more.

Japfa is currently trading at 8.7 times trailing earnings and offers a 0.6% dividend yield.

The high-tech manufacturing giant

Singapore Technologies Engineering Ltd  (SGX: S63) is not the only engineering and technology company in Singapore with over S$1 billion in sales. A well-known third-party manufacturer in the region, Venture Corporation Ltd (SGX: V03) is also such a company. Besides providing manufacturing services, Venture also offers design and fulfillment services for its customers.

Venture has a  market cap of S$2.6 billion and generated more than S$2.7 billion in revenue in the last 12 months. It has a trailing price-to-earnings (PE) ratio of 15.6 and offers a mouth-watering 5.4% dividend yield.

The spun-off property giant

CapitaLand Limited (SGX: C31) and City Developments Limited (SGX: C09) are the two largest listed property companies in Singapore. But, they are not the only ones with large stock market values. You can count Frasers Centrepoint Limited (SGX: TQ5) in the list with its market cap of more than S$4.5 billion.

The company, which got spun-off from Fraser and Neave Limited  (SGX: F99) in 2014, develops properties and is also the sponsor of four REITs listed in Singapore: Frasers Centrepoint Trust (SGX: J69U) andFrasers Commercial Trust (SGX: ND8U)Frasers Hospitality Trust (SGX: ACV) and Frasers Logistics and Industrial Trust (SGX: BUOU).

Right now, Frasers Centrepoint trades at 7.8 times trailing earnings and has a dividend yield of 5.5%.

Foolish Summary

A quick search with my data provider, S&P Global Market Intelligence, suggests that more than 100 companies and trusts in Singapore’s stock market have a market cap of over S$1.0 billion. Yet, most of the information available about the companies in the local market are still skewed toward the 30 constituents of the Straits Times Index.

If we dig deep enough even just within the somewhat neglected group of companies with large market caps, we might just find some interesting companies.

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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 writer Stanley Lim owns shares in Frasers Centrepoint Limited.