Singapore’s stock market barometer, the Straits Times Index (SGX: ^STI), closed 2015 at 2,883 points. A year later, the index ended 2016 marginally lower at 2,881 points. Although the index had a flat year, the same can’t be said for many of its 30 constituents. In fact, there were stocks that clocked big gains as well as huge losses. I thought it would be interesting to look back at six of the index’s biggest winners as well as six of the biggest losers. In this article, I will be covering the winners in the fourth to sixth position. For the…
Singapore’s stock market barometer, the Straits Times Index (SGX: ^STI), closed 2015 at 2,883 points. A year later, the index ended 2016 marginally lower at 2,881 points.
Although the index had a flat year, the same can’t be said for many of its 30 constituents. In fact, there were stocks that clocked big gains as well as huge losses.
I thought it would be interesting to look back at six of the index’s biggest winners as well as six of the biggest losers. In this article, I will be covering the winners in the fourth to sixth position. For the rest of the winners, you can head here. As for the stocks in the losers list, you can check them out here and here.
With that, let’s get going!
The sixth best performer
In sixth spot is Genting Singapore PLC (SGX: G13), which ended 2016 with a gain of 17.5%. The company is likely well-known amongst Singaporeans given that it is the owner and operator of Resorts World Sentosa, a tourism landmark in Singapore.
Resorts World Sentosa is currently Genting Singapore’s main business. It contains one of Singapore’s two casinos and also has a bevy of other attractions such as hotels, an aquarium, and the Universal Studios Singapore theme park.
Genting Singapore had previously been working on a joint-venture which was developing an integrated resort – modelled after Resorts World Sentosa – in South Korea’s Jeju Island. But, the company sold its stake in the joint venture in late 2016.
Another country which Genting Singapore had previously mentioned it was thinking of expanding into is Japan. In December 2016, the Japanese government finally passed a bill that legalised gaming in the country.
The first nine months of 2016 was mixed for Genting Singapore. Its revenue fell by 9.9% but its profit managed to jump by 29% (it should be noted that the company’s earnings were severely depressed in 2015). At its current price, Genting Singapore is valued at 112 times trailing earnings and 1.15 times book value.
The fifth best performer
Coming in at fifth spot with an 18.3% return is the conglomerate Jardine Cycle & Carriage Ltd (SGX: C07).
The bulk of Jardine Cycle & Carriage’s business results comes from its just-over 50% ownership stake in the Indonesian-listed Astra International. Astra, which does business predominantly in Indonesia, has a number of different business segments, such as automotive, financial services, heavy equipment and mining, agribusiness, and more.
Beyond Astra, Jardine Cycle & Carriage also has direct motor interests (which mainly sees the company distribute vehicles) in a number of Asian countries such as Singapore, Vietnam, Indonesia, Malaysia, and Myanmar.
Jardine Cycle & Carriage has seen both its revenue and profit fall thus far in 2016. For the first nine months of the year, the conglomerate’s top-line and bottom-line had dipped by 2.5% and 4.8%, respectively, when compared to the same period a year ago.
Jardine Cycle & Carriage carries a trailing price-to-earnings (PE) and price-to-book (PB) ratio of 17.8 and 2.1 at its current price.
The forth best performer
Asian agri-business giant Wilmar International Limited (SGX: F34) is in fourth spot with its gain of 22.1% in 2016.
Wilmar’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, and sugar milling and refining. The company also manufactures specialty fats, oleochemicals, biodiesel, and fertiliser, and does flour and rice milling.
As an example of why there’s the ‘giant’ term tagged to its name, Wilmar has over 500 manufacturing plants around the world, a distribution network covering over 50 countries, and a workforce of over 92,000.
In a similar manner to Genting Singapore, Wilmar’s business performance has been mixed so far in 2016. In the first three quarters of the year, Wilmar’s revenue had inched up by 0.4% year-on-year. Its profit, meanwhile, had declined by 40.6%. That being said, the third quarter of 2016 saw Wilmar post both top-line and bottom-line growth (of 4.1% and 46.6%) partly due to higher crude palm oil prices.
At the moment, Wilmar has a PE ratio of 21.9 and a PB ratio of 1.2.
Also, like us on Facebook to follow our latest news and 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. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned.