Industrial stocks lead net institutional inflows, total returns in year to date
FIVE out of 20 stocks that booked the highest net institutional buying for 2022 to Dec 9 represented the industrials sector.
They were: Keppel Corporation , Sembcorp Marine (Sembmarine), Singapore Airlines (SIA), Yangzijiang Shipbuilding and Samudera Shipping .
Among them, Keppel Corp received the highest net inflows of S$389.5 million in the year to date (YTD), followed by Sembmarine (S$212 million) and SIA (S$97.6 million) with respective YTD returns of 54 per cent, 73 per cent and 12 per cent.
On Monday (Dec 12), the Singapore Exchange (SGX) also highlighted Sembmarine as the strongest performer among the 20 stocks which tallied S$3.6 billion in net buying over the last 10 weeks.
Renewable wind energy and other cleaner and green solutions now account for approximately 34 per cent of Sembmarine’s net order book, noted SGX. The group said it continues to see improvements in order visibility as of mid-November.
Across the 20 stocks with the most net institutional inflows, more than S$750 million was contributed since Sep 30. Seventeen of the 20 stocks recorded net institutional inflows over the 10 weeks to Dec 9, led by inflows to Sembmarine, Genting Singapore and Singtel .
As many as 17 of the 20 stocks outpaced the Straits Times Index’s 8 per cent total returns, while all 20 outpaced the FTSE Asia Pacific Index’s 16 per cent decline in total returns YTD.
Aside from Sembmarine, non-index stocks among the top 20 YTD contributors to net institutional inflow included Sheng Siong Group and The Hour Glass , which booked S$80.2 million and S$41.3 million, respectively.
Other non-index stocks among the top 20 contributors – Riverstone , Hong Fok , Chip Eng Seng , Samudera Shipping and Jiutian Chemical – maintained less than S$1 billion in market value.
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