Singapore Stocks: The Edge Billion Dollar Club 2023 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.
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.
I realize these sorts of award events are often paid-for and sponsored corporate PR events that probably don’t mean much, but this one appears to be a little different. This annual award recognizes Singapore-listed companies (some winners are based in Malaysia, Indonesia, Thailand, etc. 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):
Growth in profit after tax.
Returns to shareholders.
Weighted return on equity.
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:
Total no. of awards: 84
Total no. of winners: 51
To make your life easier, this post includes:
The list of sectors and the stocks that won each key award metric.
A quick description of the award winner with links to the IR page and stock quote(s) on Yahoo! Finance.
A link to any Wikipedia page (for what it might be worth…)
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.
And as always, this post is provided for informational purposes only (and to make your life easier by providing you with relevant information, links, and charts). It does not constitute investment advice and/or a recommendation…
Billion Dollar Club
OVERALL WINNER
The Hour Glass
Cyclical Consumer Services + Retailers - Winner in all metric categories
The Hour Glass (SGX: AGS) or THG is one of Asia’s luxury watch retail groups, has an established presence with over 55 boutiques in nine key cities in the Asia Pacific region. They are the official retailer for a selection of specialty houses and artisanal watchmakers including Rolex, Patek Philippe, Audemars Piguet, Hublot, F.P.Journe, Breguet, Cartier, Girard-Perregaux, Omega, Panerai, TAG Heuer and Tudor. The Hour Glass Limited operates as a subsidiary of TYC Investment Pte. Ltd.
Trailing P/E: 6.59 (forward P/E) / Forward Annual Dividend Yield: 4.85% (Yahoo! Finance)
City Developments Limited
Best ESG Risk Ratings
City Developments Limited (SGX: C09 / FRA: CDE / OTCMKTS: CDEVY) is a leading global real estate company with a network spanning 143 locations in 28 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically diverse portfolio comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments.
Forward P/E: 8.83 / Forward Annual Dividend Yield: 4.45% (Yahoo! Finance)
Automobiles & Auto Parts + Transportation
Highest Returns to Shareholders Over Three (3) Years
Sri Trang-Agro Industry (BKK: STA / STA-F / SGX: NC2 / FRA: YTAA / OTCMKTS: SRGPF) is the world’s largest fully integrated producer and distributor of natural rubber. For the upstream business, the Company invested in large-scale rubber plantations and currently has an area of 7,500 hectares for rubber and other economic crop plantations in 19 provinces of Thailand.
For the midstream business, STA has a market share of approximately 11% of the global demand for natural rubber in 2022 and has a market share of Thai natural rubber production of 33%, which increased from 32% in 2021. The Company offers a complete range of natural rubber products to meet the diverse needs of customers worldwide, from Technically Specified Rubber (TSR) and Ribbed Smoked Sheets (RSS) to Concentrated Latex with a production capacity of 3.18 million tons per annum, from its 35 processing facilities located in the 2 largest natural rubber producing countries in the world, Thailand and Indonesia, as well as in Myanmar, which is a country with growth potential in the natural rubber plantation area.
For the downstream, Sri Trang Gloves (Thailand) Public Company Limited (“STGT”), one of Sri Trang Group’s flagship companies, engages in the production and distribution of latex and nitrile examination and industrial gloves to customers in over 170 countries globally. STGT has offices in Thailand, China, the United States, Vietnam, and the Philippines. With cutting edge production facilities located in Songkhla, Suratthani, Trang, and Chumphon, a total installed capacity of 52.5 billion pieces of gloves per annum at the end of December 2022, STGT is the largest glove producer in Thailand, and is ranked among the world’s leading glove producers with a market share of 7.2% of global glove consumption in 2022. In addition to glove production and distribution, they are also part of a joint venture that is Thailand's largest manufacturer of high-pressure hydraulic hoses for industrial purposes.
In addition, they have various subsidiaries that provide operational support for their core businesses, including research and development, information technology and innovation, logistics, and rubberwood processing.
Currently, STA is the first and only Thai rubber company that is listed on both the Stock Exchange of Thailand or SET (Primary Listing) and the Singapore Exchange or SGX (Secondary Listing).
Trailing P/E: 23.49 (no forward P/E) / Forward Annual Dividend Yield: 13.51% (Yahoo! Finance)
Singapore Post Limited
Highest Growth in Profit After Tax Over Three (3) Years Award
Singapore Post Limited (SGX: S08 / FRA: SGR / OTCMKTS: SPSTY / SPSTF) has grown from Singapore’s postal service provider to a global company with operations in 13 markets. SingPost offers best-in-class eCommerce logistics solutions including warehousing and fulfilment, last mile delivery and international freight forwarding.
Forward P/E: 16.67 / Forward Annual Dividend Yield: 1.26% (Yahoo! Finance)
