SGX: 8 Energy and Agriculture Stocks with Record Returns
In the first 18 weeks of 2022, energy and agriculture stocks led global stock markets as supply constraints due to geopolitical risks exacerbated previous demand-driven price increases.
$SEMBCORP INDUSTRIES LTD(U96.SI)$ , $Rex International Holdings Ltd(REXHF)$ , $GEO ENERGY RESOURCES LIMITED(RE4.SI)$ , $RH PETROGAS LIMITED(T13.SI)$ , $GOLDEN ENERGY AND RESOURCESLTD(AUE.SI)$ are five energy stocks in the Top 100 popular SG stocks with average increase of 77% since the beginning of 2022, and an average total return was 176% in 2021 .
In contrast, the trading price of $Micro WTI Crude Oil - main 2206(MCLmain)$ has increased by more than 45% this year.
In agriculture, the performance of palm oil crude oil producers has also led the region since the beginning of 2022. $GOLDEN AGRI-RESOURCES LTD(E5H.SI)$, $FIRST RESOURCES LIMITED(EB5.SI)$ and $BUMITAMA AGRI LTD.(P8Z.SI)$ are also among the Top 100 SG stocks in this year's trading volume, with an average total return of 42% and an average total return of 31% in 2021.
The trading price of palm oil crude oil futures in July also increased by more than 50% compared with the level at the end of 2021.
The following table shows the comparative performance of eight stocks with a total institutional net inflow of 174 million SGD since the beginning of 2022.
Great Financial Milestone in 2021
In 2021, $SEMBCORP INDUSTRIES LTD(U96.SI)$'s revenue was s $7.8 billion, compared with S $5.4 billion in 2020. This growth was driven by improvements in all sectors, of which traditional energy contributed the most, accounting for 86% of the group's turnover. The company is striving to promote the strategic transformation of its portfolio from traditional energy to green energy. The goal is to increase the proportion of sustainable solutions portfolio in net profit from 20% in 2020 to 70% by 2025.
$Rex International Holdings Ltd(REXHF)$recorded revenue of US $158.44 million in 2021, up 240% from the US $46.66 million in 2020, mainly due to the significant increase in the share of oil produced by its subsidiary Masirah Oil Co., Ltd. in Oman.
$GEO ENERGY RESOURCES LIMITED(RE4.SI)$ also recorded a net profit after tax of US $27.3 million, greatly reversing the loss of US $4.8 million in 2020.
The $RH PETRONAS LIMITED(T13.SI)$ achieved a record revenue of $641.9 million in 2021, an increase of 109% over 2020.
$GOLDEN ENERGY AND RESOURCES LTD(AUE.SI)$ also achieved record revenue of $1.874 billion, the highest revenue since its listing in 2016.
In 2021, the annual income of $GOLDEN AGRI-RESOURCES LTD(E5H.SI)$ exceeded the US $10 billion, a record high, which is a record high corresponds to the strong price of palm oil and crude oil.
$FIRST RESOURCES LIMITED(EB5.SI)$ also achieved record sales in 2021, with total revenue surging 56.3% year-on-year to US $1032.3 million and net profit increasing 53.8% to US $149.2 million.
The strong growth in output in 2021 enabled $BUMITAMA AGRI LTD.(P8Z.SI)$ to take advantage of the soaring prices to achieve a revenue milestone of more than IDR 10 trillion and a record profit of IDR 2.09 trillion in 2021.
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Thanks @SGX_Stars for highlighting our local SGX Energy and Agriculture stocks that have done well so far this year. I will put them on my watch list and monitor them. 😍😍😍