Singapore Stocks: The Edge Billion Dollar Club 2024 Award Winners

Singapore listed stocks who won the following metric categories by sector: growth in profit after tax, returns to shareholders, weighted return on equity & overall sector winner.

Dec 19, 2024

∙ Paid

Since 2017, The Edge Singapore Billion Dollar Club (sponsored by local business newspaper The Edge Singapore) has become “one of the most prestigious events” in the region focused on “recognizing and celebrating excellence” among companies listed on the Singapore Exchange Limited (SGX: S68 / FRA: SOU / SOUU / OTCMKTS: SPXCF / SPXCY) with the most recent event being held back in early November.

Once again, I realize these sorts of award events are often paid-for and sponsored corporate PR events that don’t mean much. However, this one is a little different as it recognizes Singapore-listed companies (some winners are based elsewhere or operate regionally or globally, but have a listing on the Singapore Exchange) that have done better than their industry sector peers in three key metrics (see their Methodology here):

Highest Returns to Shareholders Over Three (3) Years
Highest Growth in Profit After Tax Over Three (3) Years Award
Highest Weighted Return on Equity Over Three (3) Years Award
Overall Sector Winner

You can decide for yourself whether or not any calculations for these awards are reasonably accurate…

Winners in the Billion Dollar Club (BDC) are those with a market cap that is above $1 billion (I assume this is in Singapore dollars…) while the Centurion Club recognizes companies with a market value of between $100 million and $1 billion:

We did a post for 2023 winners last year plus a recent post covering The Edge Billion Ringgit Club 2024 for Malaysia listed or based stocks:

Singapore Stocks: The Edge Billion Dollar Club 2023 Award Winners (December 2023)
Remembering the CLOB Stock Trading Fiasco + The Edge Billion Ringgit Club (BRC) 2024 Award Winners (December 2024)

The rest of this post is organized as follows:

* Note: For paid subscribers on a desktop (non-mobile) browser (I am not sure about the Substack App…), an autogenerated Substack table of contents with the industry/sector, stock, and awards will appear as small lines on the left side of the desktop browser. I can only add those links a Table of Contents within a post AFTER a post is published and emailed out (which I will do within a few hours…).

Contents

To make your life easier, the rest of this post has a much shorter stock description (from our Oceania & Southeast Asia Stock Index) to make the whole post easier to skim through and includes:

Industry/sector group, the name of the stock, then the specific award categories won within the industry/sector group.
The linked headline to and excerpt from a detailed article from The Edge about the individual stock and why it received the award.
🌐🌏 etc. This is fairly subjective as, for example, many stocks are part of global supply chains rather than purely domestic companies.
🏛️ State owned, controlled, or influenced companies.
👼🏻 ESG friendly stock e.g. renewable energy. This is fairly subjective.
🅿️ Preference shares available (Note: I don’t see a comprehensive list of preference shares or preferred stocks readily available on the Internet…).
A very short description of the stock with links to the IR page and stock quote(s) on Yahoo! Finance or other sites.
Any Wikipedia page (denoted by 🇼) and a Substack stock tag link (denoted by 🏷️) linked to any post under EM Stock Pick Tear Sheets.
A price/book (current) ratio plus forward or trailing P/E and dividend yields linked back to the Yahoo! Finance statistics page.
The latest long term technical chart linked back to Yahoo! Finance.

Finally, all of the stocks below have been added to our Oceania & Southeast Asia Stock Index (which has 116 Singapore stocks…) which includes additional stocks and resources:

Oceania & Southeast Asia Stock Index

Frontier & Emerging Market Stock Index

And as always, this post is provided for informational purposes only (and to make your life easier…). It does not constitute investment advice and/or a recommendation…

🔬 Research analysis (including articles/blog posts from fund managers, etc.); 🎥 Video; 🎙️ Podcast; 🎬 Webinar; 📰 Newspaper/magazine article; 📯 Press release; 💻 Substack/blog/website article; ✅ Our own posts; 🗃️ Archived article; ⏰ Upcoming webinar or event; ⚠️ Disclosures or restricted access e.g. based on your location, investor status, etc.; 🇼 Wikipedia page; 🏷️ Tagged links to other posts about the stock.

Oceania & Southeast Asia Stock Index

Frontier & Emerging Market Stock Index

Billion Dollar Club

COMPANY OF THE YEAR

DBS Group

📰 DBS blazes past $100 bil market cap, dominates banking and super big cap categories

🌏 DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF) - Financial services group in Asia with a presence in 19 markets: Greater China, Southeast Asia & South Asia. 🇼 🏷️
Price/Book (Current): 1.83
Forward P/E: 11.01 / Forward Annual Dividend Yield: 4.89% (Yahoo! Finance)

Best ESG Risk Ratings

City Developments Limited

📰 17 years in, CDL continues to pioneer sustainability reporting developments

🌐 City Developments Limited (SGX: C09 / FRA: CDE / OTCMKTS: CDEVY) - Global real estate company. 143 locations in 28 countries & regions. Residences, offices, hotels, serviced apartments, student accommodation, retail malls & integrated developments. 🇼 🏷️
Price/Book (Current): 0.51
Forward P/E: 10.18 / Forward Annual Dividend Yield: 3.12% (Yahoo! Finance)

Automobiles & Auto Parts + Transportation

Singapore Airlines

Highest Returns to Shareholders Over Three (3) Years

📰 ComfortDelGro and SIA roar back from the pandemic

🌐 Singapore Airlines (SGX: C6L / FRA: SIA1 / OTCMKTS: SINGY / SINGF) - Flag carrier of Singapore. 20+ subsidiaries e.g. SIA Engineering Company (SGX: S59 / FRA: O3H / OTCMKTS: SEGSF). 🇼 🏷️
Price/Book (Current): 1.38
Forward P/E: 15.92 / Forward Annual Dividend Yield: 7.51% (Yahoo! Finance)

Comfortdelgro Corporation

Highest Growth in Profit After Tax Over Three (3) Years Award

Highest Weighted Return on Equity Over Three (3) Years Award

Overall Sector Winner

📰 Shaping the future of sustainable mobility