Positive factory data a boost for locally listed tech plays: analysts
Top 20 most traded manufacturing-related stocks averaged 15.8% in total returns for the year to July 26
Singapore
SINGAPORE'S listed tech manufacturers have mostly seen strong share price gains year to date, and analysts believe the positive manufacturing data released last week bodes well for their earnings for the rest of this year.
SGX market strategist Geoff Howie noted that Singapore's top 20 most traded manufacturing-related stocks had averaged 15.8 per cent in total returns for the year to July 26.
Among these, the technology sector has outperformed. The six tech-related stocks - Venture Corp, AEM Holdings, UMS Holdings, Nanofilm, Frencken Group and Aztech Global - averaged total returns of 27.9 per cent.
Their performance ties in with manufacturing data released by the Singapore Economic Development Board last Monday, which showed Singapore's total manufacturing output for the first half of 2021 rising 14.5 per cent compared to a year ago. The electronics cluster, which accounts for the largest weight, saw 23.6…
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