There are over 100 SGX-listed stocks that recently reported more than one-tenth of their revenue came from China. SINGAPORE - The top 20 China-related stocks listed on the Singapore Exchange (SGX) generated median total returns of 8.4 per cent year-to-date, SGX market strategist Geoff Howie said in a market update on June 10.
These stocks had at least one-tenth of their revenue for the recent financial year come from China and booked the highest net institutional inflow over the past 23 weeks of 2024, up till June 7. Their median returns are in line with the total returns – in Singapore dollars – of the FTSE China A50 Index at 9 per cent, and CSI 300 Index at 5.1 per cent.
The FTSE China A50 Index and CSI 300 Index are two key China stock market benchmarks. There are over 100 SGX-listed stocks that recently reported more than one-tenth of their revenue came from China. Mr Howie noted that this segment of the Singapore stock market has been “mixed” this year so far, with $200 million net institutional inflow led by the industrials sector.
Leading the pack of the top 20 SGX-listed China-related stocks was Yangzijiang Shipbuilding, which generated total returns of 67.9 per cent year-to-date. This was followed by rubber group Sri Trang Agro-Industry, which saw total returns of 49.
3 per cent, and beauty products distributor Best World, which had total returns of 45.3 per cent. On average, these 20 stocks generated total returns of 11.
7 per cent year-to-date. In comparison,.
