Top Singapore Large-Cap Stock Gainers in Nov 2023
Sembcorp Industries (U96), an energy and urban development conglomerate, was the top gainer in Singapore, up 11.98% for November and a 56.36% gain for the year-to-date period.
Mapletree Logistics Trust (M44U), a REIT focusing on warehousing and distribution, was up 9.52%. The REIT flipped its loss to a 6.95% positive return for the year. The REIT has no economic moat and is currently fairly valued. Its dividend yield is at 5.61%.
CapitaLand Ascendas REIT Units (A17U), a portfolio of business and industrial properties, went up by 9.23% for the month. So far, the REIT has risen 9.66% this year. Having no economic moat, the REIT is trading a discount against its fair value estimate of SGD 3.06%.
Mapletree Industrial Trust (ME8U), a REIT investing in the space for manufacturing, logistics, and related activities, ranked fourth. It returned 7.59% for the month and 8.88% for the first 11 months of the year. The four-star REIT is trading a moderate undervaluation against its fair value estimate of SGD 2.41.
In November, Keppel Corp (BN4) added another 7.41% gain to its strong year-to-date performance. Shares of Keppel have been up 34.59% so far this year. During the month, the company announced its proposal to acquire a leading asset manager in Europe, Aermont Capital. After the increase, the no-moat conglomerate is trading a 23% discount against its fair value estimate of SGD 8.80.
Top Singapore Large-Cap Stock Losers in Nov 2023
Thai Beverage PLC (Y92) continued to slump in November as shares fell 7.41%. Year to date, the stock has fallen 24.21%.
Seatrium Ltd (S51), an offshore and marine company, fell 6.25% for the month. Year to date, the loss accumulated to 23.91%.
NIO Inc (NIO) slightly advanced by 2.69% in the month. Shares in the Chinese EV maker slid 28.39%. The shares plummeted 54.88% from the 52-week high reached in July 2023. Our analysts assign a fair value of US$ 13.30 per share and a no economic moat rating.
DBS Group (D05) posted a 1.92% drop in November and saw a flat return for the year. The bank is 12.91% from the 52-week high reached in February 2023. Trading with a four-star rating, the stock is currently undervalued against its fair value estimate of SGD 41.0. Yields on the stock were 5.64% trailing the past 12 months.
IHH Healthcare Bhd (Q0F), a Malaysian healthcare company, lost 1.75% this month and 7.98% so far this year.
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