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Most active stocks in Singapore, Hong Kong

Here are the most actively traded stocks on the Hang Seng Index and Straits Times Index so far this year

SINGAPORE: Genting Singapore

Genting Singapore, an integrated resorts developer, is the most actively traded Straits Times Index constituent for the year-to-July, with a trading volume of SGD 34,218,816.4 ($25.1 million).

The firm reported first quarter profit of SGD 217.2 million ($159.4 million) and total revenue of SGD 2.5 billion ($1.8 billion) for the 12 months ending 31 March.

Owning popular spots such as  Resorts World Sentosa and Universal Studios Singapore Theme Park, Genting’s market capitalisation currently stands at SGD 15.7 billion ($11.5 billion).

If you examine the long-term investment landscape in Asia, wealth managers are heavily bullish on Asian consumption, which is backed by the Chinese.

HSBC Private Banking is one such example. The group is particularly keen on integrated resorts because it expects Chinese consumers to spend increasingly on high-end goods and services.

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SINGAPORE: Genting Singapore

Genting Singapore, an integrated resorts developer, is the most actively traded Straits Times Index constituent for the year-to-July, with a trading volume of SGD 34,218,816.4 ($25.1 million).

The firm reported first quarter profit of SGD 217.2 million ($159.4 million) and total revenue of SGD 2.5 billion ($1.8 billion) for the 12 months ending 31 March.

Owning popular spots such as  Resorts World Sentosa and Universal Studios Singapore Theme Park, Genting’s market capitalisation currently stands at SGD 15.7 billion ($11.5 billion).

If you examine the long-term investment landscape in Asia, wealth managers are heavily bullish on Asian consumption, which is backed by the Chinese.

HSBC Private Banking is one such example. The group is particularly keen on integrated resorts because it expects Chinese consumers to spend increasingly on high-end goods and services.

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SINGAPORE: Hutchison Port Holdings Trust

Part of the Li Ka Shing empire, Hutchison Port Holdings Trust (HPHT), has been the second most active stock on Singapore’s benchmark index this year.

Having seen trades worth SGD 32,502,959.83 ($23.8 million), the port infrastructure firm currently has a market capitalisation of SGD 3.3 billion ($2.4 billion).

Investing in the bond in Hong Kong, DBS views the medium-term notes of HPHT’s curve as attractively valued. Moreover, the bank is positive on the high-grade nature of the issuer, with S&P set to give it a low A-rating in 2018 underpinned by the outlook on controlling shareholder CK Hutchison.

‘In our view, the stand-alone credit profile of HPHT will remain largely stable over the next 24 months because we expect the company to maintain its strong market position in the Pearl River Delta region and generate stable cash flows,’ S&P analysts wrote in an investment note.

DBS is also optimistic about HPHT’s management as it continues on the debt reduction programme.

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SINGAPORE: Singapore Telecommunications

The third most actively traded stock on the index this year was Singapore Telecommunications (Singtel), with total trades amounting to SGD 24,557,500.21 ($18 million).

With an A+ rating from S&P, the stock is expected to benefit from its strong competitive position and stable earnings, generating significant free operating cash flows.

‘We believe the company will maintain adequate financial headroom for the rating, despite high investments and large shareholder returns,’ S&P analysts noted in a report.

Singtel is the leading provider of telecommunications services in Singapore and the second-largest player in Australia through subsidiary Singtel Optus. It is present in 22 countries.

However, the stock has come under pressure with the entry of TPG Telecom in Singapore’s market, falling to SGD 3.24 ($2.38) from SGD 3.93 ($2.89) in the last 12 months.

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HONG KONG: Tencent

No surprises here. Similar to 2017, Tencent Holdings was the most actively traded stock on the Hang Seng Index in the first half of the year, with a trading volume of HKD 1,457,636,576,508 ($185.7 billion).

Analysts expect the tech giant to record healthy revenue growth of about 25% or more over the next few years driven by online games, social communications, online advertising, and cloud computing.

Jefferies estimates 2018 revenue to grow by 42.6%, followed by 33.8% growth in 2019 and 24.2% in 2020.

For private banks, companies like Tencent sit right at the intersection of two positives: Asia ex-Japan equities and technology.

UBS Wealth Management said that the rise of Asian tech giants and their contribution to the regional index – IT makes up 32% of the MSCI Asia ex-Japan index – is helping boost aggregate earnings growth for the region.

‘At present, we believe our fintech longer-term investment theme offers the most interesting opportunity,’ UBS analysts said in a monthly newsletter on investing in Asia-Pacific.

‘Meanwhile, Chinese depository receipt listings could benefit offshore tech issuers thanks to the potential valuation premium paid by the onshore investors.’

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HONG KONG: Ping An

Ping An was the second most popular stock on the index, seeing trading volumes reach HKD 598,439,638,831 ($76.2 billion).

The Ping An Insurance group currently has a market capitalisation of HKD 525.79 billion ($66.9 billion) in H-shares and operates businesses through four segments: insurance, banking, investment, and Internet finance products. It currently offers a dividend yield of 2.92%.

Wealth managers believe that Asia’s ageing demographics will benefit insurance service providers and financials.

Moreover, DBS chief investment officer Hou Wey Fook noted that demand for passive income and dividends will also rise for an ageing population. As a result, the bank is investing in dividend-yielding stocks like financials and real estate investment trusts in China and Singapore, respectively.

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HONG KONG: China Construction Bank 

China Construction Bank (CCB) also maintained its 2017 position as the third most actively traded stock on the index in the first half of 2018.

Trading volume for the commercial bank hit HKD 410,305,321,633 ($52.2 billion) in the first six months of the year as money managers get positive on Chinese financials.

At the start of the year, Credit Suisse investment strategist, Suresh Tantia, said that 2018 would be the year of the Chinese banks, seeing them as deeply undervalued when compared to global peers.

The Swiss bank is bullish on the top four, large-cap names in Chinese financials – Industrial and Commercial Bank of China, Bank of China, China Construction Bank and Agricultural Bank of China – on the back of measures to curb shadow banking and the indiscriminate selling of wealth management products.

With a market capitalisation of HKD 1.6 trillion ($203.8 billion), CCB currently offers dividend yield of 5.02%.

 

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