Singapore listcos offer opportunities for investors to ride the commodities wave
SINGAPORE-LISTED commodity stocks might give investors solid returns in the near term amid a shift in the broader industry, especially since a number of them are currently trading at a discount to their book values.
Based on data compiled by the Singapore Exchange (SGX), the local stock market has a total of 22 active commodity stocks, ranging from palm oil producers to coal and gold miners and oil exploration companies. Eight of these stocks have booked positive total returns in the year to date.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama