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which had the highest weighted returns to shareholders (ROE) in this sector.
Established in 1887, Straits Trading is one of the oldest listed companies in Singapore. Over the years, it has evolved into a conglomerate with varying interests in resources, property and hospitality. It also has a 52% stake in Malaysia Smelting Corp, listed on both Bursa Malaysia and Singapore Exchange S68
.
As described by executive chairman Chew Gek Khim in the company’s FY2022 ended December 2022 annual report, the year was one where the company was focused on realising the value of its portfolio.
See also: The Edge Singapore unveils winners of 2023 Billion Dollar Club
See also: Celebrating the top listed companies in Singapore