Top Singapore Large-Cap Stock Gainers in June 2023
Yangzijiang Shipbuilding (Holdings) (BS6) advanced 21.95% in June, cancelling its losses recorded earlier this year. So far this year, shares in the shipping company increased by 13.97%.
Sembcorp Industries (U96), which provides engineering and contracting services, climbed 14.31%. The stock’s 2023 rally has led to a year-to-date gain of 72.49%, and a gain of more than 380% since its pandemic lows.
Singapore Airlines (C6L) gained 11.54% in June. The stock is up 29.29% for the year, putting the stock into the 2-star rating range, which we think is overvalued. Its last close at SGD 7.12 represents a 17% premium against its fair value estimate of SGD 6.10.
Autodealer Jardine Cycle & Carriage (C07) rose 6.34% in June and advanced 21.63% year to date.
Keppel Corp (BN4) rose 6.34% in June and the year-to-date gain was 21.63%. Shares in Keppel closed at SGD 6.7 on Jun. 30, 2023, which we think is fairly valued against its fair value estimate at SGD 7.00.
Top Singapore Large-Cap Stock Losers in June 2023
Hongkong Land Holdings (H78), which owns premium office and mall properties in Hong Kong, fell 9.09 % in June. It has dropped 11.74% from the start of the year. Shares are 26.14% below their 52-week high of SGD 5.28 on Jul. 29, 2022.
Casino operator Genting Singapore (G13) slid 6.93% in June, narrowing gains to 0.52% for the first half of 2023. The company’s stock ended the moth with a 3-star rating, trading at a 2% discount to its fair value estimate of SGD 0.98.
Tianjin Pharmaceutical Da Ren Tang Group (T14) took a breather from a rally in the first five months of 2023. In June, shares declined 5.53% in June. After the correction, shares recorded a 95.37% gain for the year.
CapitaLand Integrated Commercial Trust (C38U) fell 4.50%, leaving the stock down 3.75% for the year. The commercial building REIT ended the month with a 4-star rating, trading at a 18% discount to its fair value estimate of SGD 2.32.
Wilmer International (F34) fell 2.81%, and it is down 6.24% from the start of the year. Shares are 12.04% below their last high on Aug. 5, 2022.
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