ADVERTISEMENT
NewsDio.com
  • Home
  • Entertainment
  • TV SHOWS
  • Technology
  • Movies
  • News
  • Finance
  • Health
  • Gaming
  • Write for Us
  • Home
  • Entertainment
  • TV SHOWS
  • Technology
  • Movies
  • News
  • Finance
  • Health
  • Gaming
  • Write for Us
No Result
View All Result
NewsDio.com
No Result
View All Result
ADVERTISEMENT
Home Finance

What are the most popular stocks in Singapore?

by Carmel Isaac
March 4, 2022 6:49 am EST
Reading Time: 3 mins read
stocks

pexels

The most popular stock to trade in Singapore are companies with a history of providing goods or services used by many consumers. In this regard, the two most prominent companies in Singapore by market capitalization are Singtel and ComfortDelGro Corporation Limited [CDL].

Singtel

Singtel is an internet service provider and mobile phone carrier with operations in 14 countries [including Australia and Thailand]. It will report total revenue of $14 billion for 2017 and has about 437 employees. The company’s ADSs were listed on NYSE [New York Stock Exchange] in 1972. For the decade ending December 31, 2016, Singtel earned $2.46 billion on revenue of $44.93 billion after accounting for expenses such as depreciation, interest, decrease in the market value of financial instruments, loss on disposal of property, plant and equipment, foreign exchange gain/losses.

CDL

The second-biggest company by market capitalization is CDL. It runs over 26,000 taxis in Singapore and will report annual revenue of $1.85 billion for the fiscal year ending the last day of December 2016. Additionally, it has about 14,076 employees. Its ADSs were listed on the NYSE since 1998 [as Comfort Systems USA]. During the decade ending December 31, 2015, CDL earned $2 billion on total revenue of $12.4 billion after accounting for expenses such as depreciation etc., loss on disposal of property plant and equipment, foreign exchange gains/losses and one-time expenses.

The third and fourth most popular stocks in Singapore are SPH and Frasers Property.

RELATED POSTS

Your Guide to Better Budget Management

Can you open a Demat Account via WhatsApp?

Why You Must Enroll Your Team in a Sales Training Program

SPH

Spinning off from Singapore Press Holdings in 2009, it has a market cap of $5 billion. For 2016, it will report revenue of about $3 billion and 100 employees. Its ADSs were listed on NYSE since 2012. During the decade ending December 31, 2015, SPH earned $2 billion on total revenue of $20 billion after accounting for expenses such as increase/decrease in inventory value, foreign exchange gains/losses and one-time expenses.

Frasers Property

Frasers Property is a real estate company with a market capitalization of $2.5 billion. It will report revenue of about $1.8 billion and 4,782 employees for the fiscal year ending December 31 2016. The company’s ADSs were listed on NYSE since 2007, and during the decade ending December 31, 2015, Frasers Property earned $1 billion on total revenue of $3.7 billion after accounting for expenses such as increase/decrease in inventory value etc., foreign exchange gains/losses and one-time expenses.

Singapore stocks with the most attractive dividends

These would be DBS Group Holdings Ltd and United Overseas Bank. These companies derive substantial revenue from overseas markets, where growth prospects are brighter than in mature economies such as Singapore.

DBS

DBS Group is a financial services group listed on the Singapore Stock Exchange with its headquarters in Marina Bay Financial Centre Tower 3, #30-01. The company’s principal businesses include Retail Banking, Wholesale Banking, Treasury & Markets and Customer Experience, which together contributed about 88% of the group’s revenue in 2016. 

ADVERTISEMENT

The remaining 12% comes from insurance, securities brokerage and wealth management.

DBS currently has a “buy” recommendation with an unchanged target price of S$23 per share. DBS is also one of the most dividend-sustainable stocks among its peer group – it can pay dividends without booking losses or unsustainable levels of capital raising for four consecutive years. 

Moreover, its dividend yield of 3% makes it easily stand out amongst its peers’ average of 1.7%. With clear visibility to growth in either retail banking or treasury & markets businesses, the bank seems well placed to reward investors through capital appreciation and dividends alike sustainably.

United Overseas Bank

United Overseas Bank is another stock that would be attractive for income-seeking investors. This Singaporean bank is the smallest of the three listed banks in Singapore, but it has outperformed its rivals over the past years despite being underweight on private banking.

In conclusion

Singapore has a vibrant economy with companies like CDL and SPH providing goods or services used by many consumers and real estate giant Frasers Property making an impact in their industry; hence they are among the most popular stocks in Singapore.

ShareTweet

Carmel Isaac

He has worked with various business magazines like Business Today Outlook as a freelancer before joining the team. he is an addicted reader of self-help books, fiction, and journals.

Related Posts

Finance

6 Tactics to Set Your Financial Future Up Well

May 18, 2022 10:12 am EDT

...

Investing in future
Finance

Investing in future options? Take care of some important things

May 16, 2022 5:48 am EDT

...

Finance

What are the best SBI gold schemes

April 27, 2022 4:08 am EDT

...

Budget Management
Finance

Your Guide to Better Budget Management

April 20, 2022 2:49 am EDT

...

The Power of The Dog is One of the Best Films on Netflix: Here’s Why

May 23, 2022 5:00 am EDT

‘ Virgin River ‘ Season 4: What to Expect from the Upcoming Season

May 23, 2022 4:00 am EDT

Queer Eye Season 7: Everything You Need to Know

May 23, 2022 3:30 am EDT

Florian Munteanu Joins Cast of Vikings: Valhalla Season 2

May 23, 2022 3:00 am EDT

Netflix Picks Up Heartstopper For Two More Seasons

May 23, 2022 2:30 am EDT

‘The Lincoln Lawyer’ Review: A Classic Thriller With a Modern Twist

May 23, 2022 2:00 am EDT

The Power of The Dog is One of the Best Films on Netflix: Here’s Why

‘ Virgin River ‘ Season 4: What to Expect from the Upcoming Season

Queer Eye Season 7: Everything You Need to Know

Florian Munteanu Joins Cast of Vikings: Valhalla Season 2

Netflix Picks Up Heartstopper For Two More Seasons

‘The Lincoln Lawyer’ Review: A Classic Thriller With a Modern Twist

NewsDio.com is Famous News website which is operates from 5 years. Email : [email protected]

  • Technology
  • News
  • Sports
  • Education
  • Finance
  • Health
  • Gaming
  • Movies
  • Write for Us

© 2021 NewsDio.

No Result
View All Result
  • Entertainment
  • Technology
  • Movies
  • News
  • Finance
  • Sports
  • Health
  • Write for Us
  • Home

© 2021 NewsDio.