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Singapore listcos offer opportunities for investors to ride the commodities wave

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Uma Devi

Uma Devi

Published Tue, Apr 2, 2024 · 05:00 AM
    • SGX-listed palm oil companies have booked positive total returns this year, despite weaker crude palm oil prices and lower average selling prices on a year-on-year basis. 
    • SGX-listed palm oil companies have booked positive total returns this year, despite weaker crude palm oil prices and lower average selling prices on a year-on-year basis.  PHOTO: REUTERS

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    SINGAPORE-LISTED commodity stocks might give investors solid returns in the near term amid a shift in the broader industry, especially since a number of them are currently trading at a discount to their book values. 

    Based on data compiled by the Singapore Exchange (SGX), the local stock market has a total of 22 active commodity stocks, ranging from palm oil producers to coal and gold miners and oil exploration companies. Eight of these stocks have booked positive total returns in the year to date. 

    Rubber company Sri Trang Agro-Industry recorded the highest total returns so far this year, at 25.4 per cent. The company is a fully integrated rubber group, with operations in upstream or rubber plantations, midstream or processing activities, and downstream or glove production. 

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    CommoditiesSingapore Stocksfortress mineralsSri Trang Agrobumitama agri

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