Investing

The Edge Singapore has picked out several public-listed companies featured on Temasek’s website and Bloomberg and scored them based purely on quantitative metrics. The scoring table comprises 20 companies, nearly half of which are domestically listed.

The scoring table considers six aspects of each company.

For this week’s issue on sin-themed stocks, The Edge Singapore has filtered and scored globally and locally listed, investable companies. The Singapore-listed stocks include Ascent Bridge Awg, Emperador, Genting Singapore G13, Geo Energy Resources Re4, Thai Beverage Y92, and Singapore Technologies Engineering S63.

As per previous issues, this scoring table is purely quantitative and considers six aspects of each company:

A joint Singapore Exchange S68 Regulation (SGX RegCo) and Council for Board Diversity (CBD) study found that 89% of SGX-listed issuers have disclosed a board diversity policy. Of the remaining 11%, more than half had not reached their deadline for board diversity policy disclosure.

According to the findings, the consumer non-cyclicals, real estate and financial sectors performed well in their overall disclosures.

Demand for commodities from fossil fuels to precious metals and grains and livestock is not going away anytime soon as recent big acquisitions have shown. How can investors position themselves for the ride?

StarHub might acquire Singapore’s fourth telco operator, Simba, as part of a possible industry consolidation already seen in other regional markets, according to Sachin Mittal of DBS Group Research.

“Southeast Asian telecom industry is witnessing consolidation to improve operational efficiency, improve net debt to ebitda position and channel resources into new investments such as cloud, IoT and data centres,” says Mittal.

News stories this past week have been accompanied by footage of rockets fired by Hamas militants into Israel getting intercepted by the Tamir missile, the business end of the Iron Dome air defence system. Each successful intercept probably means some lives on the ground have been saved; each successful intercept also means a US$40,000 ($54,993) piece of military hardware has been expended. And with thousands of missiles being lobbed over, the dollar figure adds up quickly.

Developers usually trade at significant discounts to their net asset values. This is often attributed to the illiquidity of their balance sheets. The top 15 developers by market capitalisation (see Table 1) have a net debt position with two exceptions. Listed companies trade at their book values based on how easily they can turn assets into cash.

A small, landlocked country in Central Europe, Switzerland is only the 135th largest country in the world in terms of geographical area. If we instead consider the population, with close to nine million inhabitants, Switzerland still only ranks 101st. But punching well above its geographical and demographic weight are its economic strength and the importance of its capital markets. 

Following the mid-year performance review for The Edge Singapore 2023’s global virtual portfolio last week, we are publishing the updated figures and transactions this issue.

To recap, our virtual portfolio was incepted on Jan 24, 2020 with 10 stocks that returned 98.1% for the year (Issue 917). The virtual portfolio’s starting value of US100,000 was equally allocated among 10 stock picks.

Uber Technologies: +46.9%