STI generates a +19.7% gain in 2012

In 2012, the Straits Times Index (STI) rebounded from its 2011 decline, generating a gain of +19.7% over the year. Dividends boost the total return of the Index to +23.5% in 2012. Over the past three years the average annualised return of the STI including dividend distributions amounted to +6.4%.

The five best performing STI stocks over 2012 were CapitaMalls Asia (JS8, +72.1%), CapitaLand (C31, +67.4%), Global Logistics Properties (MC0, +58.4%), Fraser and Neave (F99, +55.8%) and Hong Kong Land (H78, +54.4%). The five underperforming STI stocks over 2012 were Wilmar International (F34, -33.0%), Olam International (O32, -26.8%), Genting Singapore (G13, -8.9%), Golden Agri Resources (E5H, -8.4%) and Jardine Cycle & Carriage (C07, -0.3%).

The broader universe of stocks as represented by the FTSE ST All-Share Index gained +22.2% in 2012. Reinvested dividends boosted the FTSE ST All-Share Index to +26.7%. The FTSE All Share Index is made up of the STI stocks, stocks of the FTSE ST Mid Cap Index and the stocks of the FTSE ST Small Cap Index.  The FTSE ST Mid Cap Index generated a +31.7% gain for the year, while the FTSE ST Small Cap Index gained 30.7%. Reinvested dividends boosted the respective indices to +39.3% and +36.6%. Last Monday more constituents were added to the FTSE All-Share Index, bringing the total number of constituents to 166 stocks.
 
The FTSE ST All-Share Index also represents the selection of stocks that make up the FTSE ST Sector Indices. The two best performing Sector Indices of 2012 have been Real Estate Holdings & Development (+56.0%) and Financials (+36.8%), while the two underperforming Sector Indices in 2012 have been Consumer Goods (-17.5%) and Health Care (-4.1%). Please note that the Financials Sector Index is a broad benchmark that includes Banks, the aforementioned Real Estate Holding & Development stocks, REITs and diversified financials. The two FTSE ST Sector Indices that posted the most similar returns to the STI were the Oil & Gas Index which gained in +23.8% in 2012 and the Utilities Index which gained +15.0%. While the Oil & Gas index includes some STI constituents the Utilities Index does include STI constituents.

CCIS Grand Concert

25 Dec 2012
7:30pm
Outdoor Stage (Facing Paragon)

GRAND WELCOME HOME FOR LIONS

Welcome Parade Details

Lions Flight:   SQ973 from Bangkok
Estimated Time of Arrival: 1:15pm
Venue:    Changi Airport Terminal 2 Arrival Hall

The route for the team parade will see the open-top bus pass through the city and Orchard Road belt before ending up at the Jalan Besar Stadium. The Jalan Besar Stadium will be the gathering point for Lions supporters who want to celebrate and welcome the team.

 
APPRECIATION EVENT DETAILS

Where: Jalan Besar Stadium
When:  Sunday, 23 December 2012
Time:   3.30pm

The open-top bus parade is expected to depart Changi Airport by 2pm and should arrive at the Jalan Besar Stadium by 3.30pm. Fans are asked to gather at the stadium from 3pm onwards.

SGX Sees 13 Mainboard IPOs in 2012

The Singapore Exchange listed a total of 13 initial public offerings (IPOs) on its mainboard in 2012 from 11 mainboard IPOs last year.

The first mainboard IPO for the year was Cordlife Group which took place at the end of March. The most recent IPO was Gaylin Holdings which took place in late October.

The 13 IPOs have averaged a gain of 26.8 per cent in the year-to-date from the respective offer prices. From the closing price on the first day of listing, the average gain for the 13 new listings has averaged 9.1 per cent.

In total, 11 of the 13 have generated a positive year to date return from their respective offer prices with two stocks – Religare Health Trust and JB Foods – generating price declines.

Year-to-date returns vary from a +183.8 per cent gain for Civmec to a -10 per cent decline for JB Foods. Meanwhile, year to date performances from the closing price on the first day of listing vary from +104.5 per cent gain for Civmec to a -20.6 per cent decline for Cordlife Group.

The current market capitalisation of the 13 new mainboard listings ranges from S$10.7 billion for IHH HealthCare Bhd to S$101 million for Swee Hong. IHH Healthcare has been added to the Straits Times Index (IHH) adding a new sector (Healthcare Equipment & Services) to the benchmark index.

The STI is now made up of 30 stocks representing 14 sectors as categorised by the Industry Classification Benchmark (ICB).

Global Logistic Properties coverage

Leveraging dominant market positions
GLP has successfully built upon the original Prologis foundation of high quality industrial investment properties via development and complimentary acquisitions. GLP is the largest logistic warehouse landlord by a considerable margin in each of the markets within which it operates: China, Japan and Brazil. GLP has arguably been able to take advantage of the weakness of its peers as they struggle with de-leveraging and restructuring to aggressively build a portfolio of high quality investment properties and a market leadership position with relationships with tenants and capital partners that can be leveraged in existing and new markets to drive growth. GLP's dominant position in China should provide leverage to the growth in domestic consumption and the logistics market, both goals in the 12th five year plan.

Re-cycling capital to improve RoCE
Recently management have accelerated the development of the funds’ management platform attracting the highest quality 3rd party capital partners, which should allow GLP to re-cycle capital and create an asset light business model, boosting return on capital employed (RoCE). GLP aims to recycle capital from lower RoCE developed market Japan, to higher RoCE developing markets China, Brazil and longer term, potentially India and Vietnam. A key step of this process is currently underway with the attempted listing of a J-REIT.

IHH Healthcare - Turkey for Christmas

IHH’s ability to make profits in desperate times cannot be ignored, when growth is hard to come by. We continue to like its defensive earnings with bigger offerings to take the healthcare market by storm. As predicted by us earlier, its share price has strengthened in recent weeks, after results. Seasonal strength in 4Q12/1Q13 and a ramp-up of its Acibadem hospital are expected to provide near-term catalysts for our unchanged Outperform rating, while further-out catalysts could include any success in penetrating new markets. No change to our EPS or SOP target price.

'Wreck-It! Fix-It!' Challenge with Boy Thunder, Aloysius Pang and Kimberly Chia!

Wreck-It Ralph PK Day Out
Date: 15 December, Saturday
Time: 3:00PM onwards (PK with Celebrities at 4:00PM)
Venue: Bugis Junction, Bugis Square level 1

In conjunction with the release of Disney's Wreck-It Ralph, Walt Disney Studios Motion Pictures Singapore is collaborating with Capitaland's Bugis Junction for an 'All-star Wreckin' Fix-It Felix Challenge with the original Fix-It Felix game from the movie!

Local artistes Aloysius Pang, Kimberly Chia and HotFM913 radio personality Gerald Koh aka Boy Thunder will form three teams in the game to be held on next Saturday, 15 December 2012. 

A SATURDAY WITH THE JERSEY BOYS

Details
Where: Skating Rink, The Shoppes at Marina Bay Sands
When: 8 December, 5pm
Admission: Free

This Saturday, 8 December, everyone is invited to head down to the skating rink at The Shoppes at 5pm to sing along to the unique sounds of Frankie Valli and the Four Seasons with hits like Sherry, Walk like a Man, Rag Doll, Oh What a Night and Can’t Take My Eyes Off You.

SGX Securities, Derivatives Trading Up in November

Volume of trading in securities and derivatives in Singapore Exchange rose in November from a year earlier, the bourse operator said Wednesday.

The securities market turnover and daily average value (SDAV) both grew 8 per cent year-on-year to S$27.3 billion and S$1.3 billion respectively. Compared with October, turnover was up 5 per cent and SDAV was up 10 per cent.

However, exchange traded funds turnover was down 39 per cent year-on-year to S$327 million.

Value of bond listings was up 91 per cent in November. A total of 35 listings raised S$15.3 billion compared with 16 listings raising S$8 billion a year earlier.

For derivatives, volume traded in November increased 23 per cent year-on-year to 7.19 million contracts and daily average volume increased 22 per cent to 342,506 contracts.

Over-the-counter (OTC) interest rate swaps cleared totalled S$314 billion notional since its November 2010 launch. Volume of new trades cleared in November was S$2.7 billion, a decrease of 37 per cent year-on-year, reflecting dampened market trading and corporate activities ahead of the holiday season.

On the commodities front, SGX said AsiaClear volume jumped 47 per cent to 28,264 contracts; iron ore swaps clearing volume increased 65 per cent to 20,877 contracts while volume of energy swaps cleared more than doubled to 1,048 contracts.

SICOM rubber futures trading was down by half to 15,041 contracts, reflecting a year-end slowdown in the physical market.

《南方小羊牧场》 SG Star Tour @ 粉丝见面会

Kai Ko 柯震东 and Yao Yao 郭書瑤 will be here in Singapore to promote their movie 《南方小羊牧场》 WHEN WOLF FALLS IN LOVE WITH SHEEP!

3 December 2012, Monday
Meet-The-Fans Session
Time: 7:00pm
Venue: Bugis Junction, level 1 (nearest MRT - Bugis Station)

Movie Gala Premiere (Cast Appearance)
Time: 9:00pm
Venue: The Cathay, 2 Handy Road, level 1 (nearest MRT - Dhoby Ghaut Station)
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4 December 2012, Tuesday
ScreenSingapore Event (Appearance)
Time: 7:00PM
Venue: Shaw Lido (nearest MRT - Orchard Station)