The GICS® Transportation sector can be broken down into five segments – Air Freight & Logistics, Airlines, Marine, Road & Rail, and Transportation Infrastructure.
Transportation Infrastructure is the largest segment that makes up one-third of the total market capitalisation of Singapore’s Transportation Sector and includes stocks such as Hutchison Port Holdings Trust, SIA Engineering and SATS.
The 10 biggest transportation stocks in Singapore averaged an 8.9% price gain in the year thus far, with dividends boosting their average returns to 10.2%. Of which, Neptune Orient Lines generated the highest price gain of 31.0%, while Hutchison Port Holdings Trust generated a 1.5% decline.
There are more than 1000 primary-listed businesses in the world categorised to the GICS ® Transportation sector, and four of the largest capitalised are listed in Asia – Central Japan Railway Company, East Japan Railway Company, Shanghai International Port Group Company, and Daqin Railway Company. Services that involve cars, trucks, planes, boats and trains are a part of the sector, and many of these businesses are energy-dependent in one form or another.
Fuel Costs
The price of WTI crude oil has more than halved from US$98.06 on July 1, 2014 to a low of US$47.06 on March 17, 2015. In the year thus far, WTI crude has gained 10% since the start of the year to $60.75 as of yesterday’s close. At the same time, the Bloomberg Singapore Jet Kerosene spot price has risen over 12% to US$78.25 since the start of 2015. As Singapore Airlines noted in late February, jet fuel continues to account for a significant percentage of SIA Group expenditure. For FY2013/14, fuel costs comprised the largest component (approximately 38%) of Group operating expenditure.
The Singapore Transport Sector
There are 30 stocks listed on Singapore Exchange (SGX) that represent the GICS ® Transportation Sector. This sector can be broken down into five segments – Air Freight & Logistics, Airlines, Marine, Road & Rail, and Transportation Infrastructure. Transportation Infrastructure is the largest industry that makes up one-third of the total market capitalisation of the GICS ® Transportation Sector.
As of Tuesday’s close, the average price return of the 10 largest capitalised stocks of Singapore’s transportation sector at 8.9% was boosted to 10.2% with dividends. They maintain an average dividend yield of 3.9%, with yields ranging from 1.4% for Singapore Airlines to 8.1% for Hutchison Port Holdings Trust. In terms of year-to-date price performance, nine of the 10 largest transportation stocks generated price gains. Amongst the 10 stocks, Neptune Orient Lines generated the highest price gain of 31.0%, while Hutchison Port Holdings Trust had a 1.5% decline.
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As of Tuesday’s close, the average price return of the 10 largest capitalised stocks of Singapore’s transportation sector at 8.9% was boosted to 10.2% with dividends. They maintain an average dividend yield of 3.9%, with yields ranging from 1.4% for Singapore Airlines to 8.1% for Hutchison Port Holdings Trust. In terms of year-to-date price performance, nine of the 10 largest transportation stocks generated price gains. Amongst the 10 stocks, Neptune Orient Lines generated the highest price gain of 31.0%, while Hutchison Port Holdings Trust had a 1.5% decline.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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