Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Asia’s leading multi-asset exchange

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Equity Bottom-Up

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<li>
The 20 stocks that have seen the highest net institutional inflows in the 2021 year to 3 Dec with combined net buying of S$2.8 billion, averaged 32% total returns for the 48 weeks, with 17 of the 20 stocks outpacing the STI’s 13% total return and 19 stocks outpacing the FTSE Asia Pacific Index 3% total return. 
	 </li>
	<li>
Of the 20 stocks’ S$2.8 billion in net buying, more than S$400 million was contributed since 30 Sep, with 11 of the 20 stocks recording net institutional inflows over the nine weeks, led by UOB, DBS and AEM. On 3 Dec, AEM formed a fresh high of S$5.29, which has brought its 2021 to 3 Dec total return to 55%.   
	 </li>
	<li>The 20 stocks also spanned stocks that represented some of the stronger global stock industries over the 48 weeks, such as Banks, Industrial REITs, Agriculture and Semiconductors, in addition to stocks that have continued their pursuit of strategic restructures over the year such as SPH, Sembcorp Industries and CapitaLand Invest. </li>
</ul>
 

After ending 2020 near the 2,850 level, the STI trended higher throughout the year, forming a high above 3,250 on 9 Nov, before the emergence of the Omicron variant on 26 Nov weighed stock benchmarks across the world, bringing the STI to its current level near 3,100. That represents a 13% total return for the year and compares to a 3% again for the FTSE Asia Pacific Index. More than 300 Singapore-listed stocks have been recipient to net institutional inflows in the 2021 year through to 3 Dec. The 20 stocks that saw the highest net institutional buying over the 48 weeks, led by DBS Group Holdings, United Overseas Bank and Singapore Press Holdings made up 75% of the combined net institutional inflows of these 300 stocks. 
These 20 stocks averaged 32% total returns for the 48 weeks, with 17 of the 20 stocks outpacing the STI’s 13% total return and 19 stocks outpacing the FTSE Asia Pacific Index 3% total return. The 20 stocks and their respective net institutional inflows for the 2021 year to 3 Dec, in addition to net institutional inflows/outflows since 30 Sep are tabled below.   

<table class="table table-striped"><tbody>
<tr>
<td>
			20 Singapore Stocks With Highest Net Institutional Inflows in 2021 to 3 Dec
			</td>
			<td>
			Code
			</td>
			<td>
			Market Cap S$M
			</td>
			<td>
			Net Insti Flow YTD  S$M
			</td>
			<td>
			Total Return YTD %
			</td>
			<td>
			Net Insti Flow QTD  S$M
			</td>
			<td>
			Total Return QTD % 
			</td>
			<td>
			Sector
			</td>
		</tr>
<tr>
<td>
			DBS
			</td>
			<td>
			D05
			</td>
			<td>
			80,826
			</td>
			<td>
			1,012
			</td>
			<td>
			30
			</td>
			<td>
			126
			</td>
			<td>
			5
			</td>
			<td>
			Banks
			</td>
		</tr>
<tr>
<td>
			UOB
			</td>
			<td>
			U11
			</td>
			<td>
			44,018
			</td>
			<td>
			388
			</td>
			<td>
			21
			</td>
			<td>
			155
			</td>
			<td>
			2
			</td>
			<td>
			Banks
			</td>
		</tr>
<tr>
<td>
			SPH
			</td>
			<td>
			T39
			</td>
			<td>
			3,730
			</td>
			<td>
			253
			</td>
			<td>
			112
			</td>
			<td>
			52
			</td>
			<td>
			20
			</td>
			<td>
			Consumer Cyclicals
			</td>
		</tr>
<tr>
<td>
			YZJ Shipbldg SGD
			</td>
			<td>
			BS6
			</td>
			<td>
			5,068
			</td>
			<td>
			214
			</td>
			<td>
			39
			</td>
			<td>
			-29
			</td>
			<td>
			-7
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			OCBC Bank
			</td>
			<td>
			O39
			</td>
			<td>
			50,735
			</td>
			<td>
			140
			</td>
			<td>
			16
			</td>
			<td>
			-47
			</td>
			<td>
			-2
			</td>
			<td>
			Banks
			</td>
		</tr>
<tr>
<td>
			ARA LOGOS Log Tr
			</td>
			<td>
			K2LU
			</td>
			<td>
			1,278
			</td>
			<td>
			89
			</td>
			<td>
			56
			</td>
			<td>
			8
			</td>
			<td>
			-3
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Sembcorp Ind
			</td>
			<td>
			U96
			</td>
			<td>
			3,546
			</td>
			<td>
			86
			</td>
			<td>
			20
			</td>
			<td>
			26
			</td>
			<td>
			9
			</td>
			<td>
			Utilities
			</td>
		</tr>
<tr>
<td>
			Haw Par
			</td>
			<td>
			H02
			</td>
			<td>
			2,543
			</td>
			<td>
			67
			</td>
			<td>
			10
			</td>
			<td>
			-2
			</td>
			<td>
			0
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			Raffles Medical
			</td>
			<td>
			BSL
			</td>
			<td>
			2,488
			</td>
			<td>
			63
			</td>
			<td>
			36
			</td>
			<td>
			-1
			</td>
			<td>
			-9
			</td>
			<td>
			Healthcare
			</td>
		</tr>
<tr>
<td>
			AEM
			</td>
			<td>
			AWX
			</td>
			<td>
			1,626
			</td>
			<td>
			60
			</td>
			<td>
			55
			</td>
			<td>
			90
			</td>
			<td>
			30
			</td>
			<td>
			Technology
			</td>
		</tr>
<tr>
<td>
			Golden Agri-Res
			</td>
			<td>
			E5H
			</td>
			<td>
			2,983
			</td>
			<td>
			56
			</td>
			<td>
			54
			</td>
			<td>
			16
			</td>
			<td>
			2
			</td>
			<td>
			Consumer Non-Cyclicals
			</td>
		</tr>
<tr>
<td>
			Sembcorp Marine
			</td>
			<td>
			S51
			</td>
			<td>
			2,605
			</td>
			<td>
			48
			</td>
			<td>
			-33
			</td>
			<td>
			-1
			</td>
			<td>
			0
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			UMS
			</td>
			<td>
			558
			</td>
			<td>
			987
			</td>
			<td>
			47
			</td>
			<td>
			76
			</td>
			<td>
			-6
			</td>
			<td>
			10
			</td>
			<td>
			Technology
			</td>
		</tr>
<tr>
<td>
			Sri Trang Agro
			</td>
			<td>
			NC2
			</td>
			<td>
			1,782
			</td>
			<td>
			46
			</td>
			<td>
			14
			</td>
			<td>
			0
			</td>
			<td>
			-9
			</td>
			<td>
			Consumer Cyclicals
			</td>
		</tr>
<tr>
<td>
			Fu Yu
			</td>
			<td>
			F13
			</td>
			<td>
			207
			</td>
			<td>
			44
			</td>
			<td>
			22
			</td>
			<td>
			-2
			</td>
			<td>
			-5
			</td>
			<td>
			Industrials
			</td>
		</tr>
<tr>
<td>
			CapitaLand Invest
			</td>
			<td>
			9CI
			</td>
			<td>
			17,153
			</td>
			<td>
			42
			</td>
			<td>
			13
			</td>
			<td>
			16
			</td>
			<td>
			-2
			</td>
			<td>
			Real Estate (Excl. REITs)
			</td>
		</tr>
<tr>
<td>
			OUE Com REIT
			</td>
			<td>
			TS0U
			</td>
			<td>
			2,340
			</td>
			<td>
			40
			</td>
			<td>
			19
			</td>
			<td>
			2
			</td>
			<td>
			-5
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Jardine C&amp;C
			</td>
			<td>
			C07
			</td>
			<td>
			8,304
			</td>
			<td>
			40
			</td>
			<td>
			11
			</td>
			<td>
			40
			</td>
			<td>
			8
			</td>
			<td>
			Consumer Cyclicals
			</td>
		</tr>
<tr>
<td>
			ESR-REIT
			</td>
			<td>
			J91U
			</td>
			<td>
			1,906
			</td>
			<td>
			37
			</td>
			<td>
			30
			</td>
			<td>
			3
			</td>
			<td>
			4
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Starhill Global REIT
			</td>
			<td>
			P40U
			</td>
			<td>
			1,371
			</td>
			<td>
			37
			</td>
			<td>
			30
			</td>
			<td>
			-2
			</td>
			<td>
			-2
			</td>
			<td>
			REITs
			</td>
		</tr>
<tr>
<td>
			Total 
			</td>
			<td>
			 
			</td>
			<td>
			235,496
			</td>
			<td>
			2,810
			</td>
			<td>
			 
			</td>
			<td>
			444
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
		</tr>
<tr>
<td>
			Average
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			 
			</td>
			<td>
			32
			</td>
			<td>
			 
			</td>
			<td>
			2
			</td>
			<td>
			 
			</td>
		</tr>
</tbody></table>
 Source: SGX, Refinitiv, Bloomberg (Data as of 3 Dec 2021)

 

The 20 stocks tabled above span stocks that represented some of the stronger global stock industries over the 48 weeks, such as Banks, Industrial REITs, Agriculture and Semiconductors, in addition to stocks that have continued their pursuit of strategic restructures over the year. Overall, the Singapore stock market saw S$1.5 billion in net institutional outflow for the 48 weeks, led by S$1.1 billion of net institutional outflows in Singapore Airlines, Thai Beverage PCL and City Developments. Like their regional and global peers, the trio were adversely impacted by COVID-constrained growth in 2021, averaging a 2% decline in total return in the 2021 year to 3 Dec. The MAS Monetary Policy Statement in October estimated that some improvement in conditions in the domestic-oriented and travel-related clusters are expected as Singapore transitions in a progressive but calibrated manner towards managing COVID-19 as an endemic norm. At the same time, operators in the tourism and hospitality sector have also noted they are cautiously optimistic that business environments will gradually improve with further lifting of travel restrictions. For the Omicron Variant, the Chair of the Federal Reserve succinctly noted last week that the economic concerns were ‘really about transmissibility, about the ability of the existing vaccines to address any new variant, and it’s about the severity of the disease once it is contracted’, adding that he has been told by experts, that (he and we) will know quite a bit about those answers within about a month.
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The 20 stocks that have seen the highest net institutional inflows in the 2021 year to 3 Dec with combined net buying of S$2.8 billion, averaged 32% total returns for the 48 weeks, with 17 of the 20 stocks outpacing the STI’s 13% total return and 19 stocks outpacing the FTSE Asia Pacific Index 3% total return.  
	 
	
Of the 20 stocks’ S$2.8 billion in net buying, more than S$400 million was contributed since 30 Sep, with 11 of the 20 stocks recording net institutional inflows over the nine weeks, led by UOB, DBS and AEM. On 3 Dec, AEM formed a fresh high of S$5.29, which has brought its 2021 to 3 Dec total return to 55%.   
	 
	The 20 stocks also spanned stocks that represented some of the stronger global stock industries over the 48 weeks, such as Banks, Industrial REITs, Agriculture and Semiconductors, in addition to stocks that have continued their pursuit of strategic restructures over the year such as SPH, Sembcorp Industries and CapitaLand Invest. 

 

After ending 2020 near the 2,850 level, the STI trended higher throughout the year, forming a high above 3,250 on 9 Nov, before the emergence of the Omicron variant on 26 Nov weighed stock benchmarks across the world, bringing the STI to its current level near 3,100. That represents a 13% total return for the year and compares to a 3% again for the FTSE Asia Pacific Index.   More than 300 Singapore-listed stocks have been recipient to net institutional inflows in the 2021 year through to 3 Dec. The 20 stocks that saw the highest net institutional buying over the 48 weeks, led by DBS Group Holdings, United Overseas Bank and Singapore Press Holdings made up 75% of the combined net institutional inflows of these 300 stocks.  
These 20 stocks averaged 32% total returns for the 48 weeks, with 17 of the 20 stocks outpacing the STI’s 13% total return and 19 stocks outpacing the FTSE Asia Pacific Index 3% total return. The 20 stocks and their respective net institutional inflows for the 2021 year to 3 Dec, in addition to net institutional inflows/outflows since 30 Sep are tabled below.   




			20 Singapore Stocks With Highest Net Institutional Inflows in 2021 to 3 Dec
			
			
			Code
			
			
			Market Cap S$M
			
			
			Net Insti Flow YTD  S$M
			
			
			Total Return YTD %
			
			
			Net Insti Flow QTD  S$M
			
			
			Total Return QTD % 
			
			
			Sector
			
		


			DBS
			
			
			D05
			
			
			80,826
			
			
			1,012
			
			
			30
			
			
			126
			
			
			5
			
			
			Banks
			
		


			UOB
			
			
			U11
			
			
			44,018
			
			
			388
			
			
			21
			
			
			155
			
			
			2
			
			
			Banks
			
		


			SPH
			
			
			T39
			
			
			3,730
			
			
			253
			
			
			112
			
			
			52
			
			
			20
			
			
			Consumer Cyclicals
			
		


			YZJ Shipbldg SGD
			
			
			BS6
			
			
			5,068
			
			
			214
			
			
			39
			
			
			-29
			
			
			-7
			
			
			Industrials
			
		


			OCBC Bank
			
			
			O39
			
			
			50,735
			
			
			140
			
			
			16
			
			
			-47
			
			
			-2
			
			
			Banks
			
		


			ARA LOGOS Log Tr
			
			
			K2LU
			
			
			1,278
			
			
			89
			
			
			56
			
			
			8
			
			
			-3
			
			
			REITs
			
		


			Sembcorp Ind
			
			
			U96
			
			
			3,546
			
			
			86
			
			
			20
			
			
			26
			
			
			9
			
			
			Utilities
			
		


			Haw Par
			
			
			H02
			
			
			2,543
			
			
			67
			
			
			10
			
			
			-2
			
			
			0
			
			
			Healthcare
			
		


			Raffles Medical
			
			
			BSL
			
			
			2,488
			
			
			63
			
			
			36
			
			
			-1
			
			
			-9
			
			
			Healthcare
			
		


			AEM
			
			
			AWX
			
			
			1,626
			
			
			60
			
			
			55
			
			
			90
			
			
			30
			
			
			Technology
			
		


			Golden Agri-Res
			
			
			E5H
			
			
			2,983
			
			
			56
			
			
			54
			
			
			16
			
			
			2
			
			
			Consumer Non-Cyclicals
			
		


			Sembcorp Marine
			
			
			S51
			
			
			2,605
			
			
			48
			
			
			-33
			
			
			-1
			
			
			0
			
			
			Industrials
			
		


			UMS
			
			
			558
			
			
			987
			
			
			47
			
			
			76
			
			
			-6
			
			
			10
			
			
			Technology
			
		


			Sri Trang Agro
			
			
			NC2
			
			
			1,782
			
			
			46
			
			
			14
			
			
			0
			
			
			-9
			
			
			Consumer Cyclicals
			
		


			Fu Yu
			
			
			F13
			
			
			207
			
			
			44
			
			
			22
			
			
			-2
			
			
			-5
			
			
			Industrials
			
		


			CapitaLand Invest
			
			
			9CI
			
			
			17,153
			
			
			42
			
			
			13
			
			
			16
			
			
			-2
			
			
			Real Estate (Excl. REITs)
			
		


			OUE Com REIT
			
			
			TS0U
			
			
			2,340
			
			
			40
			
			
			19
			
			
			2
			
			
			-5
			
			
			REITs
			
		


			Jardine C&amp;C
			
			
			C07
			
			
			8,304
			
			
			40
			
			
			11
			
			
			40
			
			
			8
			
			
			Consumer Cyclicals
			
		


			ESR-REIT
			
			
			J91U
			
			
			1,906
			
			
			37
			
			
			30
			
			
			3
			
			
			4
			
			
			REITs
			
		


			Starhill Global REIT
			
			
			P40U
			
			
			1,371
			
			
			37
			
			
			30
			
			
			-2
			
			
			-2
			
			
			REITs
			
		


			Total 
			
			
			 
			
			
			235,496
			
			
			2,810
			
			
			 
			
			
			444
			
			
			 
			
			
			 
			
		


			Average
			
			
			 
			
			
			 
			
			
			 
			
			
			32
			
			
			 
			
			
			2
			
			
			 
			
		

 Source: SGX, Refinitiv, Bloomberg (Data as of 3 Dec 2021)

 

The 20 stocks tabled above span stocks that represented some of the stronger global stock industries over the 48 weeks, such as Banks, Industrial REITs, Agriculture and Semiconductors, in addition to stocks that have continued their pursuit of strategic restructures over the year.  Overall, the Singapore stock market saw S$1.5 billion in net institutional outflow for the 48 weeks, led by S$1.1 billion of net institutional outflows in Singapore Airlines, Thai Beverage PCL and City Developments. Like their regional and global peers, the trio were adversely impacted by COVID-constrained growth in 2021, averaging a 2% decline in total return in the 2021 year to 3 Dec. The MAS Monetary Policy Statement in October estimated that some improvement in conditions in the domestic-oriented and travel-related clusters are expected as Singapore transitions in a progressive but calibrated manner towards managing COVID-19 as an endemic norm. At the same time, operators in the tourism and hospitality sector have also noted they are cautiously optimistic that business environments will gradually improve with further lifting of travel restrictions. For the Omicron Variant, the Chair of the Federal Reserve succinctly noted last week that the economic concerns were ‘really about transmissibility, about the ability of the existing vaccines to address any new variant, and it’s about the severity of the disease once it is contracted’, adding that he has been told by experts, that (he and we) will know quite a bit about those answers within about a month.



20 Stocks with Most Net Insti Inflow Returned 32% YTD 

Haw Par Corp

20 Stocks with Most Net Insti Inflow Returned 32% YTD