Singapore IT Heavyweights Averaged 8% YTD Return
OREANDA-NEWS. December 09, 2015. The 20 largest active Information Technology stocks listed on SGX have a combined market capitalisation of S\\$7.5 billion, as categorised by the Global Industry Classification Standard (GICS®). These 20 stocks averaged an 8.3% total return in the year thus far, which brought their three-year returns to 48.6%. They currently maintain an average dividend yield of 4.5%.
In comparison, the FTSE Asian Sector Technology Index, which comprises Asian companies categorised to the Technology industry, generated a marginal decline in the month of November. This takes the Index’s year-to-date return to a negative 7.5%.
Of the 20 aforementioned Information Technology stocks, the five best performers in the year thus far were IPS Securex Holdings, 8Telecom International Holdings Co., Memtech International, Valuetronics Holdings and iFAST Corporation. Together, these five stocks averaged a total return of 67.0%, with the median return being 37.9%.
The table below details the 20 stocks, and is sorted according to market capitalisation. Click on each stock to visit its profile page on SGX StockFacts.
Source: SGX, Bloomberg & SGX StockFacts (data as of 7 December 2015)
Please note TPV Technology, Hengxin Technology, PCI and Micro-Mechanics have been omitted due to less activity; GSH Corp has been excluded due to a majority of their revenues associated with hospitality
The Global Industry Classification Standard (GICS®) was developed by Standard & Poor’s, an independent
international financial data and investment services company and provider of global equity indices, and MSCI, an independent provider of global indices and benchmark-related products and services.
The GICS methodology aims to enhance the investment research and asset management process for financial
professionals worldwide. GICS is a four-tiered, hierarchical industry classification system, and consists of 10 sectors, 24 industry groups, 67 industries and 156 sub-industries. For more information, click here.
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