MENU

These Are Singapore’s Largest Consumer Staple Stocks (Hint: They Come With Dividends Too!)

The Singapore stock market is home to a good number of large consumer staples companies.

A consumer staples company would be one that supplies goods or services that are considered as necessities to consumers. According to the Global Industry Classification Standard (GICS), such companies have businesses that are expected to be less sensitive to economic cycles. A recent report provided some insights to the market cap and dividend yields of the consumer staples companies in Singapore’s stock market.

Here’re the five biggest consumer staples companies (figures as of 23 November 2016, unless otherwise stated):

  1. Thai Beverage Public Company Limited (SGX: Y92) comes out tops with a market capitalisation of $21.7 billion. The Thailand-based alcoholic beverages manufacturer and distributor also offers a yield of 2.7%.
  2. Agri-business conglomerate Wilmar International Limited (SGX: F34) lands in second place with a market cap of $21.5 billion. Its shares offer a 2.3% dividend yield.
  3. In third place is Dairy Farm International Holdings Ltd  (SGX: D01). The pan-Asian retailer has a dividend yield of 2.8% and weighs in with a market cap of $13.9 billion.
  4. Olam International Ltd (SGX: O32), an agricultural products supplier, takes the fourth spot with a market cap of $5.3 billion. Shares offer a 3.3% dividend yield.
  5. Rounding out the top five is yet another agriculture-related company Golden Agri-Resources Ltd (SGX: E5H). The oil palm producer has a market cap of $5.2 billion and has a dividend yield of 1.25%.

The above represents a quick sample of the largest consumer staples companies in the Singapore stock market. Despite the GICS’s description, it’s worth noting that not all consumer staples companies are immune to commodity cycles or even economic cycles.

For more investing insights and updates on what's happening in the world of finance, you can sign up here for a FREE subscription to The Motley Fool's weekly investing newsletter, Take Stock SingaporeIt will teach you how you can grow your wealth in the years ahead.

Also, like us on Facebook to follow our latest hot 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.The Motley Fool Singapore has recommended shares of Dairy Farm. Motley Fool Singapore contributor Chin Hui Leong owns shares in Dairy Farm.