Since the start of 2021, the Straits Times Index (STI) has been one of the best performing indexes in the world, with a gain of 11.3% for the first quarter of the year, or 11.8% if we include the returns from dividends. Many blue-chip companies on the STI have done well in 2021 thus far, especially the three local banks.
However, STI companies are not the only ones that are generating good returns for their investors. Some notable companies within the Singapore Exchange (SGX) who are not part of the STI have done well also.
In an SGX Market Updates report published on 12 April 2021, SGX market strategist Geoff Howie highlighted 21 non-STI stocks that have been attracting significant trading activity in 2021.
In this edition of 4 Stocks This Week, we take a deeper look at 4 of these non-STI stocks that have done well in 2021.
AEM Holdings (SGX: AWX)
AEM Holdings (SGX: AWX) is a semiconductor company that provides customised system solutions to advanced manufacturers across various industries around the world, as well as designing and manufacturing precision engineering products used in the electronics, life sciences, instrumentation, and aerospace industries.
In 2020, AEM delivered a return of about 75% for the year. This strong performance has carried into 2021, where their year-to-date (YTD) return for investors is currently at 19%.
This is off the back of a strong FY2020 result, where AEM saw its revenue increased by about 60.6% to S$519 million on a year-on-year basis, and its net profit before tax increasing 78.6% to $113.8 million on a year-on-year basis. The company also announced that it will be paying a total dividend of 9.0 cents per share for FY2020, up from 5.1 cents in FY2019.
In terms of trading turnover volume, AEM has the 18 highest trading turnover volumes for the year so far on the SGX.
SPH (SGX: T39)
Singapore Press Holdings (SPH) (SGX: T39) has been having a difficult past few years as it has seen its media business contracting as media trends shift online. In its recent 1H2021 results announcement, revenue for its media business fell 23.9% to $193.1 million. In fact, excluding the JSS grant income, pre-tax loss for its media business would have been S$9.7 million. However, revenue from its retail and commercial segment rose 4.4% to $154.6 million.
All in all, revenue for SPH fell by 4.2% to $460 million for 1H2021. However, operating profit went up 16.6% to $119.8 million, with net profit attributed to shareholders up 26.1% to $97.9 million for 1H2021. Since the start of 2021, SPH share price has gone up $1.14 to $1.98.
In terms of trading turnover volume, SPH has the 22 highest trading turnover volumes for the year.
Sembcorp Marine (SGX: S51)
Sembcorp Marine (SGX: S51) provides offshore and marine engineering solutions around the world. Similar to SPH, Sembcorp Marine used to be part of the STI.
The past 12 months have been extremely challenging for Sembcorp Marine as the company battles the challenges brought on by the COVID-19 pandemic. Due to delays and project stoppage, full-year revenue for FY2020 was $1.51 billion, 48% lower than the year before. Net loss for the group was $583 million, as compared to the $139 million loss the year before.
For 2021, Sembcorp Marine has seen its share price increase to $0.20 (16 April 2021) as compared to $0.15 (4 January 2021) at the start of the year.
In terms of trading turnover volume, Sembcorp Marine has the 24 highest trading turnover volumes for the year so far on the SGX.
iFAST (SGX: AIY)
iFAST (SGX: AIY) offers its digital investment platform via FSMOne. The group is one of the pioneering online investment platforms in Singapore with more than 20 years of experience in the space.
For FY2020, the company has seen strong growth with its revenue increasing 35% to $169 million. Net profit is at S$20.9 million, an increase of 125% as compared to FY2019.
As written in a previous report, iFAST is a profitable and established company that is part of a very lucrative, fast-growing but competitive FinTech space. As an established local player, iFAST is well-positioned to capture this growth if it can continue to take advantage of its leading position in this space.
Since the start of the year, iFAST has seen its share price increased from $3.25 to $6.09.
In terms of trading turnover volume, iFAST has the 37 highest trading turnover volumes for the year so far.
To read up more about these stocks and other non-STI stocks that have generated significant trading activities, read the full SGX Market Updates report here.