I had recently taken a look at the 10 largest real estate investment trusts listed in Singapore?s stock market in terms of market capitalisation. I thought it will be interesting as well to have an overview of the largest stocks listed here.
It is easy to assume that all the 10 largest Singapore-listed companies would be part of the Straits Times Index (SGX: ^STI) given that one of the index’s criteria for inclusion is a company’s market capitalisation. But that?s not true. In fact, one of the 10 is not part of the index.
In this article, I?d be looking at the…
I had recently taken a look at the 10 largest real estate investment trusts listed in Singapore’s stock market in terms of market capitalisation. I thought it will be interesting as well to have an overview of the largest stocks listed here.
It is easy to assume that all the 10 largest Singapore-listed companies would be part of the Straits Times Index (SGX: ^STI) given that one of the index’s criteria for inclusion is a company’s market capitalisation. But that’s not true. In fact, one of the 10 is not part of the index.
Countdown to No.7
Jardine Cycle & Carriage Ltd (SGX: C07) is in tenth place. The S$15.8 billion company is the majority owner of Astra International, the largest listed company in Indonesia. Astra International is a conglomerate that holds the largest automotive footprint in Indonesia. The company distributes and manufactures vehicles from well-known foreign automotive brands – such as Toyota and Honda – in the country.
Apart from its automotive business, Astra International also has business interests in Indonesia in financial services, heavy equipment and mining, agribusiness, infrastructure, information technology, and even real estate. For investors in Singapore, Jardine Cycle & Carriage – through its stake in Astra International – can thus easily be seen as a proxy for Indonesia’s economy.
Beyond Astra International, Jardine Cycle & Carriage also has direct motor interests in Malaysia, Vietnam, Singapore, and even Myanmar. Lastly, it also has stakes in companies that are listed in the stock exchanges of Vietnam and Thailand.
Hongkong Land Holdings Limited (SGX: H78) is in ninth place. The property giant has a market capitalisation of S$21.0 billion and is actually the largest property company listed in Singapore. It is even larger than CapitaLand Limited (SGX: C31), which “only” has a market capitalisation of S$12.7 billion.
Hongkong Land owns prime commercial and retail properties in Hong Kong and Singapore. Some of its properties in Hong Kong include Chater House and Jardine House. In Singapore, one of the properties in its portfolio is Marina Bay Financial Centre. The company is also a property developer that is active in both Southeast Asia and the Greater China region.
Coming in at eighth place, Thai Beverage Public Company Limited (SGX: Y92) is one of the largest food and beverage companies in Thailand. The S$21.3 billion company, which is involved mainly with alcoholic beverages such as spirits and beer, is the owner of the Chang Beer brand. It is also the second largest shareholder of Fraser and Neave Limited (SGX: F99).
In seventh place we have Wilmar International Limited (SGX: F34), one of the largest soft commodities companies in Asia. It is a key player in the palm oil, oilseeds, and sugar industries and also distributes consumer oils in Asian markets such as Indonesia and China. Wilmar International has a market capitalisation of S$23.6 billion.
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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 does not own shares in any companies mentioned above.