SG Market Updates
STI on Track to Rank as Most Defensive Global Benchmark in 2022
- As 2023 fast approaches, the 2022 YTD has seen the STI outperform all global stock benchmarks on a dividend-inclusive total return, USD basis. The STI’s 7% USD total return for 2022 through to 16 Dec, compared to 18% and 17% declines in USD total return for the FTSE Developed Index and FTSE Emerging Index.
- The STI outperformance to the FTSE Developed Index was consistent throughout the year, in part due to the Technology Sector weighing the global stock market from the outset. The STI’s technology exposure is limited to Venture, which as of 16 Dec had declined 3% in YTD total return, while posting 25% YoY Net Profit Growth in 9M22.
- As a global financial hub, financial services are a crucial cornerstone to the Singapore stock market. The trio of DBS, OCBC and UOB make up more than 40% of the STI, while global banks comprise less than 5% of the technology heavy FTSE Developed Index. The trio continued to grow Net Interest Margins, and loan books in 9M22, while 3Q22 also saw the trio reduce NPL ratios from 2Q22.
- In 2022, Singtel led the net fund inflows for the Singapore stock market, from 1Q22 onwards. Singtel's 1HFY23 (end 30 Sep) net profit came to S$1.2 billion which was boosted by the S$1 billion net exceptional gain from the group's partial divestment of its stake in Airtel. This had followed the Group's divestment of its 70% equity stake in Australia Tower Network which boosted its top line for FY22 (ended 31 Mar).
More articles on SG Market Updates
5 Manufacturing Stocks Attracting a Surge in Trading Volume in 2024
Created by MQ Trader | May 21, 2024
REIT Watch - Retail Flows Remain Cautiously Optimistic for S-Reits
Created by MQ Trader | May 20, 2024
APAC Financials Div Plus Index Chalks Up 19% YTD Total Return as ETF Debuts
Created by MQ Trader | May 13, 2024
REIT Watch - Inflows Into Both S-Reit ETFs Reach 19-month High in April
Created by MQ Trader | May 06, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Apps
Top Articles
3
5
6
7
Chaos Stock
8
save malaysia!
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
