The Business Times
business-time-50
SUBSCRIBERS

Singapore listcos offer opportunities for investors to ride the commodities wave

google-preferred-sourceAdd BT as a preferred source
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

    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. 

    CommoditiesSingapore Stocksfortress mineralsSri Trang Agrobumitama agri

    TRENDING NOW

    Singtel's full-year EPS stood at S$0.3398, up from S$0.2434 in the previous financial year.

    Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Evidence showed the parties intended the 99-1 ratio to reflect both their legal and beneficial ownership of the property.

    Apex court rejects resulting trust claim in 99-1 condo dispute

    Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable".

    Singtel seeks clarity on participating in telco consolidation after M1-Simba fallout; weighs Reit IPO

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More