To The Moon

This year, close to a quarter of Singapore’s 100 most actively traded stocks have registered double-digit percentage growth in daily trading turnover from their respective 2022 levels.

Of the 23 stocks, 21 saw increased average daily trading turnover on the back of trading volume rather than price gains. These 23 stocks have in total seen on average S$202 million in shares changing hands daily so far this year, compared to S$113 million in 2022.

Actively traded high-turnover stocks in 2023 YTD

These include six Straits Times Index $Straits Times Index(STI.SI)$ constituents, which comprised Singapore Airlines $SINGAPORE AIRLINES LTD(C6L.SI)$ , Seatrium $Seatrium(S51.SI)$ , Genting Singapore $GENTING SINGAPORE LIMITED(G13.SI)$ , Sembcorp Industries $SEMBCORP INDUSTRIES LTD(U96.SI)$ , Sats $SATS LTD.(S58.SI)$ and Thai Beverage $THAI BEVERAGE PUBLIC CO LTD(Y92.SI)$ . These six stocks averaged 15% price gains over the 2023 year through to Jul 26, while averaging 80% higher daily trading turnover.

1.Seatrium $Seatrium(S51.SI)$

A significant corporate action underscored Seatrium’s increased trading volume while bolstering its market capitalisation to a level that it displaced Keppel DC Reit in the STI in the most recent quarterly rebalancing.

The combination of Sembcorp Marine and Keppel Offshore & Marine, was completed in February, allowing for the newly branded Seatrium to scale up and accelerate its advance into the cleaner and greener O&M market, offshore renewables, and new energy.

Seatrium’s net order book stands at S$19.73 billion, with as much as 40% of this from renewables and cleaner/green solutions. Progressive deliveries are till 2030.

Seatrium has averaged a daily trading turnover of S$43 million over the first 30 weeks of 2023, compared to averaging S$15 million over 2022. This has seen it rank as the sixth most traded stock by trading turnover so far this year, up from ranking the 23rd most traded in 2022.

At the same time, Keppel Corporation as maintained its ranking as the eleventh most traded Singapore stock in both timeframes.

2.Food Empire Holdings $FOOD EMPIRE HOLDINGS LIMITED(F03.SI)$

Food Empire Holdings has posted a 75 per cent% price gain in the 2023 year to July 26, while its average daily trading turnover has soared to S$796,000, from S$130,000 in 2022. This saw the stock rank among the 85 most traded stocks so far this year, after ranking just outside the 170 most traded stocks in 2022.

After booking record revenue and net profit for its FY22 (ended Dec 31), Food Empire Holdings’ Q1FY23 business update saw revenue increase 24% and net profit increase 51%, from a low base in Q1FY22. The group is expected to report its H1FY23 results in mid-August.

3.TJ DaRenTang $TJ DaRenTang(T14.SI)$

While it’s traded in US dollars, Tianjin Pharmaceutical Da Ren Tang Group Corporation (Da Ren Tang Group) has averaged daily trading turnover of S$1 million for the 2023 year through to Jul 26.

This is up significantly from S$183,000 in 2022. While turnover has grown more than fivefold, the stock generated an 89% price gain in Singapore dollar terms.

After ranking around the 150 most traded Singapore stocks in 2022, the stock has ranked as a top 80 stock by turnover for the first 30 weeks of 2023.

In its Q1FY23 (ended Mar 31) Da Ren Tang Group reported an attributable net profit of 400 million yuan, a year-on-year increase of 101%. This followed a net profit of 860 million yuan in its FY22, which was a year-on-year increase of 12% from FY21.

4.Delfi $DELFI LIMITED(P34.SI)$

Delfi has also ranked among the 80 most traded Singapore stocks this year, while generating a 70 per cent% price gain. Last year Delfi ranked among the top 140 traded stocks by turnover.

For its Q1FY23 (ended Mar 31), Delfi recorded 21% year-on-year revenue growth, following 19% revenue growth in FY22.

The Q1FY23 revenue was driven by consumer demand producing robust growth in both its own brands and agency brands, spanning both Indonesia and its regional markets. Indonesia contributes more than two-thirds of Delfi’s revenue.

Flows

The 23 stocks booked combined net institutional inflow of S$395 million in the 2023 year to Jul 26.

As many as seven of the 23 stocks represented the industrial sector with the seven stocks seeing combined net institutional inflow of S$180 million. Note that the 23 stocks in the table do not include stocks that have been subject to takeover offers in 2023 or were suspended in part in 2022.

https://www.sgx.com/research-education/market-updates/20230731-vibrant-activity-among-top-traded-stocks-sgx