The industrial sector on the Singapore Exchange (SGX) might not be the most popular sector that Singapore investors think about but it's definitely worth taking a deeper look. Using more than 200 stocks listed in the commercial sector across different segments such as industrial conglomerates, construction & engineering, air freight & logistics, transportation, aerospace & defence and hr & employment services, there are hundreds of investment options that Singapore investors can consider.
In this week's edition of 4 Stocks This Week, we take a closer look at the best performing yield-to-date (YTD) stocks within the industrial sector for 2021.
CITIC Envirotech (SGX: CEE)
Incorporated in 2003, CITIC Envirotech is an environmental protection solutions provider primarily engaged in environmental services, including engineering, purchase of water assets, river restoration, wastewater treatment and water recycling, hazardous waste treatment, maintenance services, and membrane manufacturing.
CITIC Envirotech is another subsidiary of CITIC Limited, that is one of the largest conglomerates in China, with businesses than span financial services, natural resources and energy, manufacturing, as well as real estate and infrastructure.
At the present last done price of $0.535, CITIC Envirotech stock price have surged up 44.9% for that year, after a privatisation bid by its parent company. This makes it the best performing industrial stock on SGX for 2021 thus far. Prior to the news of the privatisation bid, the stock was exchanging the region of $0.30 to $0.37.
Its current parent company, CKM (Cayman) CO.,Ltd currently owns about 56% of the company.
SBS Transit (SGX: S61)
A well-known company, SBS Transit is a leading transport operator in Singapore. It not only operates the majority of public buses on the highway, but also runs the Downtown Line, North East Line, Sengkang LRT and Punggol LRT.
SBS Transit is 74% owned by ComfortDelGro, another major transport company.
Since the beginning of the year, SBS Transit has seen an overall total return of 41.9% for that year. Over a 3-year period, total returns are in 97.8%.
With an upcoming fare increase, SBS Transit should see its revenue increase for an additional year. The company is currently trading in a P/E ratio of 12.8 and a dividend yield of 3.8%. Share price is at $3.68 today, up from $2.69 at the beginning of the year.
VICOM Ltd (SGX: V01)
Similar to SBS Transit, VICOM is also majority-owned by ComfortDelGro. It's a leading provider in inspection and technical testing services for vehicles in Singapore. It was incorporated in 1981 and was listed on the exchange in 1995.
2021 is a good year for the company because it has seen its stock price increases from $5.98 at the start of the year to $7.70 by the time of writing. Total return for the stock is at 35.7% with total 3-year return at 59.7%. The organization is currently trading at a P/E of 19.2 along with a dividend yield of 4.8%.
SIA Engineering (SGX: S59)
SIA Engineering provides Maintenance, Repair and Operations (MRO) support to both SIA and 3rd party airlines, among other aerospace engineering solutions. At Singapore Changi Airport, the company provides line maintenance services to more than 50 airlines passing through Singapore. Beyond Singapore, it also provide line maintenance support to airports in Hong Kong, Indonesia, Japan, Philippines, United States and Vietnam.
Earlier this week, it was reported that SIA Engineering have signed a contract today for SIAEC to provide engine maintenance services to Safran Aircraft Engines, a French multinational aircraft engine company.
Since the beginning of the year, SIA Engineering has delivered an overall total return of 28.4%. Its dividend yield is currently at 3.9% and the company is trading at a P/E ratio of 18.6.
If you love to find out more about the top performing stocks in the industrial sector, you can read up this SGX Market Updates article.