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Weekly Market Insights (14 August 2017)


SG Market Insights


Technology is Singapore's Strongest Sector in 2017 YTD

§  Information Technology ("IT") was Singapore's best performing Sector in July, with a 5.3% market capitalisation weighted total return. For the first seven months of 2017, the IT Sector's indicative return came to 47.7%.

§  The 10 largest capitalised stocks of the IT Sector have also averaged a 47.9% total return in the first seven months of 2017, with performances ranging from a 101.0% gain for Hi-P International to a 2.6% gain for GP Industries.

§  Over the last seven months, net institutional inflow into the IT Sector totalled +$65.2 million, which was the third highest sectoral net inflow after Financials at +S$2.2 billion, and Real Estate Management & Development at +S$300.9 million.

§  In addition to the stocks that represent the IT Sector, there are a number of stocks that have IT exposure - two examples include two of July's debutants - NetLink NBN Trust and Y Ventures Group. Read more


* Above market insight reports are provided by SGX

 

US Market Insights


Weekly Stock Spotlight: Phillips 66

Ticker Symbol: PSX
Founded: 13 June 1917
Market Cap: $43.5B
Revenue: $84.7B (FY 2016)

Employees: 14,800 (March 2017)
Founders: L.E. Phillips & Frank Phillips
CEO: Greg Garland
HQ: Westchase, Houston, Texas, USA


Lesson from a Billionaire: Chase Coleman

A Julian Robertson-trained "Tiger Cub", Chase Coleman started Tiger Global Management in 2000. He demonstrates a penchant for technology investments and shies away from publicity. Coleman helped to build Tiger Global into a $6 billion firm. His success has largely been driven by being an early investor in Internet companies like Facebook.

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