Tiger Singapore Weekly Focus: Stocks with Most Net Institutional Inflow YTD

All three US indexes saw a second consecutive week of losses last week due to fear of recession as a result of the Federal Reserve’s continued battle against
inflation by raising its benchmark interest rate to the highest level in 15 years.

Both the European Central Bank and The Bank of England also announced a 0.5 point rate increase last week.

10 of the$S&P 500(.SPX)$ sectors declined last week with only the energy sector in the green. The $Straits Times Index(STI.SI)$ closed at 3,240.81 points, down 0.16% for the week.

Stocks with Most Net Institutional Inflow YTD

Nearly 300 Singapore-listed stocks have seen a net institutional inflow in the year 2022 till 9th Dec. 20 stocks contributed to almost 85% of the total net institutional inflow of the nearly 300 stocks.

Singapore Telecommunications Ltd$SINGTEL(Z74.SI)$ ,$Overseas Chinese Banking Corp., Ltd.(OVCHF)$ , $KEPPEL CORPORATION LIMITED(BN4.SI)$ ,$CITY DEVELOPMENTS LIMITED(C09.SI)$ and $SEMBCORP MARINE LTD(S51.SI)$ are some of the leading names among the 20 Singapore-listed stocks.

These 20 stocks also averaged 35% total returns for the 49 weeks, with 17 of the 20 stocks outpacing the STI’s 8% total return and all 20 stocks outpacing the FTSE Asia Pacific Index decline in total return.

Source: Bloomberg 21 Dec 2022

2 of the above tabled stocks represent the Industrials Sector:

$KEPPEL CORPORATION LIMITED(BN4.SI)$ Groups business consists of several affiliated businesses that specialises in offshore & marine, property, infrastructure and asset management businesses.

The company revenue grew 24% to S$6.8 billion in Sept 2022 from S$5.5 billion in Sept 2021. Keppel Infrastructure, Keppel Offshore & Marine, M1 and Keppel Capital were contributors to the higher revenues.

$SEMBCORP MARINE LTD(S51.SI)$ is an integrated brand offering one-stop engineering solutions for the offshore, marine and energy industries. It focuses on four key capabilities: Rigs & Floaters, Repairs & Upgrades, Offshore Platforms and Specialised Shipbuilding.

The Group noted recently that it continues to see improvement in order visibility, although high energy prices and concerns over energy security due to geopolitical tensions continues to drive energy transition towards renewables. Renewable wind energy and other cleaner and green solutions now account for approximately
34% of the Group’s net order book.

In addition to Sembcorp Marine, the 20 stocks included other non-STI stocks such as $SHENG SIONG GROUP LTD(OV8.SI)$ and $THE HOUR GLASS LIMITED(AGS.SI)$ , with five of the non-STI stocks also maintaining less than S$1 billion in market value – $RIVERSTONE HOLDINGS LIMITED(AP4.SI)$ , $HONG FOK CORPORATION LTD(H30.SI)$ , $CHIP ENG SENG CORPORATION LTD(C29.SI)$ , $SAMUDERA SHIPPING LINE LTD(S56.SI)$ and $JIUTIAN CHEMICAL GROUP LIMITED(C8R.SI)$ .