| Materials Sector averaged 8% gain in January | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Materials Sector is represented by more than 50 stocks on
Singapore Exchange (SGX). Stocks that are involved in the mining,
processing or distribution of resources and raw materials stocks can be
sensitive to both swings in economic sentiment and longer-term supply
and demand potential. Metals and mining, construction materials,
chemical producers and forestry products are some examples of the
Materials Sector.
On a market capitalisation basis return investors with 4.0% over the month of January following on from a decline of 2.3% in December. Over the last three months, the most traded Materials stocks were Midas Holdings with an average daily turnover of S$2.2 million, followed by SunVic Chemical Holdings and China Sunsine Chemical Holdings. The seven largest capitalised Materials stocks with market capitalisation of more than S$200 million have a combined market capitalisation of S$3,547.8 million and averaged a 8.1% total return in the year-to-date. The table below details the seven largest capitalised Materials stocks listed on Singapore Exchange (SGX). Five of these stocks generated gains in January – Midas Holdings, China Sunsine Chemical Holdings, UPP Holdings, The Straits Trading Company and NSL.
The Straits Trading Company The Straits Trading Company is engaged in tin mining and smelting; resources; hotel; and property investment and operations. It primarily operates through Resources, Hospitality, and Property segments. The company was founded in 1887 and is headquartered in Singapore. The Straits Trading Company Limited is a subsidiary of The Cairns Private Limited. The Straits Trading Company has a market capitalisation of S$1,232.4 million and the stock generated a total return of 3.8% in the year-to-date. On 14 November 2014, the company reported that their revenue for the third quarter period ended 30 September 2014, increased by 33.7% to S$230.1 million. XinRen Aluminum Holdings XinRen Aluminum Holdings produces, trades, and sells aluminum products primarily in the People’s Republic of China and internationally. It operates in three segments: Smelting, Fabrication, and Trading. The company also manufactures carbon and coal chemical products. XinRen Aluminum Holdings Limited was incorporated in 2006 and is based in Singapore. XinRen Aluminum Holdings has a market capitalization of S$612.7 million and the stock maintained a decline of 5.1% in year-to-date total return. On 11 November 2014, the company reported that their revenue for the nine months ended 30 September 2014, increased by 53.0% to RMB8,652.8 million. NSL NSL, through its subsidiaries, manufactures and sells building and refractory materials, lime products, and road stones in the Asia Pacific. It operates through four businesses: Construction Products, Environmental Services, Engineering, and Chemicals. The company was incorporated in 1961 and is headquartered in Singapore. NSL Ltd is a subsidiary of 98 Holdings Pte. Ltd. NSL has a market capitalization of S$601.4 million and the stock generated a total return of 0.6% in the year-to-date. On 6 November 2014, the company reported that their profit from continuing operations increased by 42.1% to S$4.5 million. Midas Holdings Midas Holdings manufactures and sells aluminum alloy extrusion products for the rail transportation sector in the People’s Republic of China. It operates through three divisions: Aluminum Alloy Extruded Products, Polyethylene Pipe, and Aluminum Alloy Plates and Sheets. Midas Holdings was founded in 2000 and is based in Singapore. Midas Holdings has a market capitalization of S$414.0 million and the stock generated a total return of 36.0% in the year-to-date. On 14 November 2014, the company reported that their revenue for the third quarter period ended 30 September 2014, increased by 7.7% to RMB324.2 million. The stock went ex-dividend on 27 October 2014, distributing S$0.0025 per share in dividends. SunVic Chemical Holdings SunVic Chemical Holdings is engaged in the manufacture and sale of intermediate chemical products primarily in the People’s Republic of China, rest of Asia, Europe, North America, and South America. The company’s products are fundamental chemicals used in the production of various industrial, consumer and agricultural products, such as coatings, adhesives, detergents, water treatment materials, and herbicides. SunVic Chemical Holdings Limited is a subsidiary of DBS Vickers Securities (Singapore) Pte Ltd. SunVic Chemical Holdings has a market capitalization of S$253.5 million and the stock maintained a decline of 1.0% in year-to-date total return. On 14 November 2014, the company reported that their revenue for the nine months ended 30 September 2014, decreased by 8.9% to RMB4,086.4 million . UPP Holdings UPP Holdings is engaged in the manufacture and sale of paper and paper packaging products in Singapore, the ASEAN countries, rest of Asia, and internationally. It offers industrial grade papers, such as testliner, corrugating medium, chip board, core board, and recycled waste paper. UPP Holdings Limited, formerly known as United Pulp & Paper Company Limited, was founded in 1967 and is headquartered in Singapore. UPP Holdings has a market capitalization of S$226.7 million and the stock generated a total return of 11.1% in the year-to-date. On 10 November 2014, the company reported that their revenue for the third quarter ended 30 September 2014, increased by 29.5% to S$15.5 million. |
Monday, February 2, 2015
Biggest stocks of the Materials Sector averaged 8% gain in January
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