ROEs of SGX mid-caps are a mixed bag, small-caps lag
Uneven ability to keep up with AI and interest-rate pressures are seen as two factors driving the divide
The Singapore Exchange (SGX) showcases a mixed bag of return on equity (ROE) performance among its mid-cap companies. A recent study has revealed that, on average, small-cap firms on the SGX are posting a negative ROE of -4.44%, with the median small-cap company achieving a positive ROE of 1.58%. These figures, calculated through five-year adjusted averages, are derived from publicly available Bloomberg data.
Most small-cap companies on the SGX are operating in the low single digits or negative territory. Notable examples include Marco Polo Marine with an ROE of 6.4%, Wee Hur at 4.2%, Cosco Shipping at 1.5%, and struggling water treatment firm Hyflux at 0.8%.
Despite these challenges, some mid-cap stocks warrant attention. ComfortDelGro, ESR-Reit, Frasers Property, Centurion, and Fuyu are among the companies being monitored for their performance. Additionally, Chair Jerome Powell's hawkish remarks at the Jackson Hole meeting have led investors to favor soaring banks over struggling Special Situation Real Estate Investment Trusts (S-Reits).
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- ROEs of SGX mid-caps are a mixed bag, small-caps lag businesstimes.com.sg
