The stock markets have been raging upwards as if Covid-19 has never happened before. Indices like NASDAQ Composite and Shenzhen Component are at higher levels than the beginning of the year.
The FTSE Straits Times Index (STI) at 2,635, is still 19% lower than the start of the year at 3,252.
But this is not reflective of the entire Singapore stock market as there were 33 stocks that have gained more than 100% from their respective lows in 2020.
You would notice that majority of them are small cap stocks with unfamiliar names. I have not removed any stocks that may be on the SGX Watchlist and hence, be more thorough if you are researching any of these stocks.
What isn’t surprising are the good performances shown by the medical apparel stocks such as Top Gloves, Riverstone and Medtecs. They have been in the limelight since Covid-19 has struck.
Here’s the list:
#1 – Elec & Eltek (SGX:E16) +100%
Elec & Eltek International Co. Ltd. operates as an investment holding company, which engages in manufacture of double-sided, multi-layer, and high density interconnect printed circuit boards through its subsidiaries. The firm offers its products to the communication and networking, automotive industries, computer and computer peripherals, and consumer electronics sectors. It operates through the Fabrication and Distribution of PCB, and Property Investment segments.
#2 – New Wave (SGX:5FX) +100%
New Wave Holdings Ltd. engages in trading and distribution of electronic equipment and components. It operates through the following segments: Components Distribution and Aluminium Products Distribution. The Components Distribution segment supplies active and passive electronic components and cabling system solutions. The Aluminium Products Distribution segment operates metal service centres in Singapore, Malaysia, Kunshan, and PRC.
#3 – ETC Singapore (SGX:1C0) +100%
Emerging Towns & Cities Singapore Ltd. is an investment holding company, which engages in the development of residential and commercial properties. It operates through the following segments: Property Development, Property Investment, and Corporate. The Property Development segment relates to the development of properties for sale. The Property Investment segment involves in the business of investing in properties to earn rentals and for capital appreciation. The Corporate segment comprises corporate office which incurs general corporate expenses and inactive entities in the group.
#4 – Singapore eDevelopment (SGX:40V) +107%
Singapore eDevelopment Ltd. engages in property development and information technology (IT) business. It operates through the following segments: Property Development, Information Technology, Investment business and Biomedical Business. The Property Development segment includes actively acting as a developer for property projects and investing in property development projects. The Information Technology businesses segment comprises of IT hardware and software research and development, and other businesses providing IT-related services to end-users, service providers and other commercial users via multiple platforms. The Investment business segment consists of trading of quoted securities, commodities and other derivatives and financial products; investing in quoted and unquoted securities on various aspects of investments ranging from pre-initial public offer investment, various forms of capital in companies and funds with potential of business growth and trade sale; undertaking business in incubation and angel investment; and provision of corporate strategy and business development advisory services. The Biomedical Business segment includes the development, research, testing, manufacturing, licensing and distribution of biomedical products.
#5 – Y Ventures (SGX:1F1) +113%
Y Ventures Group Ltd. is an investment holding company, which engages in the distribution and retail of data driven e-commerce solutions. It operates through the following segments: E-commerce Retail and Distribution, Logistics and Freight Forwarding Services, Waste Management Services, and Others. The E-commerce Retail and Distribution segment markets and distributes a wide range of merchandises under third party brands through online marketplaces. The Logistics and Freight Forwarding Services segment includes storage of merchandises which are stored in third party warehouses and delivered by last-mile fulfilment service providers in the respective jurisdictions in which these merchandises are sold. The Waste Management Services segment manages Junk to Clear waste management services.
#6 – Broadway Ind (SGX:B69) +113%
Broadway Industrial Group Ltd. engages in the manufacture of precision-machined components for the electronics, automotive, and oil and gas industries. It operates through the following geographical segments: China, Singapore, Thailand, United States of America, and Other Countries.
#7 – Rex Intl (SGX:5WH) +115%
Rex International Holding Ltd. engages in oil and gas exploration and production. It operates through the following three segments: Oil and Gas, and Non-Oil and Gas, and Corporate. The Oil and Gas segment involves in oil and gas exploration and production with concessions located in Oman, Norway, the United States of America, and Trinidad and Tobago. The Non-Oil and Gas segment includes owning an oil recovery technology. The Corporate segment pertains to corporate functions.
#8 – Synagie (SGX:V2Y) +119%
Synagie Corp. Ltd. engages in the provision of an automated commerce solution for managing multi-channel sales both offline and online. It operates through E-Commerce, Insurtech and E-Logistics segments. The E-Commerce segment focuses in the sale of goods online and marketing support services. The Insurtech segment provides third party administration and value-added services to brand partners in the computer, communication and consumer electronic sector, manage and execute their extended warranty and accidental damage protection programs. The E-Logistics segment involves in the warehousing and delivery services.
#9 – Biolidics (SGX:8YY) +121%
Biolidics Ltd. focuses on the development of cell enrichment systems which, when combined with other analytical tests, have applications for cancer diagnosis, prognosis, treatment selection and treatment monitoring. The firm has developed and commercialised a fully automated IVD medical device ClearCell FX1, which allows users of the system to perform liquid biopsies to test for the presence of cancer cells. It operates through the following segments: Technical and Product Development, Global Commercial Channel Management, and Corporate. The Technical and Product Development segment involves identifying and assessing collaboration partners and their technology, provision of technical expertise in revenue generating collaboration projects, and product innovation and improvement. The Global Commercial Channel Management segment deals with the management of global distributorship network and direct customers. The Corporate segment refers to the corporate functions in supporting the operations of the group.
#10 – AEM (SGX:AWX) +122%
AEM Holdings Ltd. operates as an investment company, which engages in the provision of handling and test solutions. It operates through the following segments: Equipment Systems Solutions (ESS), System Level Test & Inspection (SLT-i), Micro-Electro-Mechanical Systems (MEMS), Test and Measurement Solutions (TMS) and Others. The ESS segment provides customized system solutions involving precise speed motion and mechanical design to both mass volume manufacturers and new technology development laboratories. The SLT-I segment provides solutions that bridge the growing gap between user applications and standard ATE coverage with IC designs and packaging techniques. The MEMS segment provides test solutions for Micro-Electro-Mechanical Systems and special wafer probing needs ranging from the R&D phase to high volume production and system-level testing which enables manufacturers to achieve the lowest cost-of-test, reduced time to market, effective process cycle, accurate stimulus, and high production yields. The TMS segment engages in the research, development, and production of advanced communications and industrial test solutions. The Others segment includes non allocated, dormant companies and other activities.
#11 – SunMoon Food (SGX:AAJ) +126%
SunMoon Food Co. Ltd. is an investment holding company, which engages in the distribution and marketing of fruits, vegetables, and consumer products. It operates through the Fruits and Others segment. The Fruits segment procures and distributes fresh fruits and processed fruits. The Others segment pertains to the corporate and investment holding activities and acting as principal franchisor.
#12 – Asiaphos (SGX:5WV) +133%
AsiaPhos Ltd. engages in the exploration of mineral resources. It operates through the following segments: Upstream and Downstream. The Upstream segment explores mines and retails phosphate rocks. The Downstream segment manufactures, sells and trades phosphate-based chemical products.
#13 – IPS Securex (SGX:42N) +138%
IPS Securex Holdings Ltd. engages in the consultancy of business and management, provision of services, and trading of security products. It operates through Security Solutions; and Maintenance and Leasing segments. The Security Solutions segment includes the sale of goods and the provision of integrated security solutions to customers. The Maintenance and Leasing segment involves in the maintenance services and rental of security equipment.
#14 – Secura (SGX:43B) +139%
Secura Group Ltd. engages in the provision of security products, services, and solutions. It operates through the following business segments: Corporate, Security Printing, Security Guarding, Cyber Security, Homeland Security & Digital Forensic and System Integration and Security Consultancy & Services.
#15 – GCCP Resources (SGX:41T) +140%
GCCP Resources Ltd. engages in the business of quarrying, processing and sale of limestone. Its products include precipitated calcium carbonate (PCC) grade limestone, and ground calcium carbonate (GCC) grade limestone.
#16 – OEL (SGX:584) +150%
OEL (Holdings) Ltd. engages in the property management business. It generates rental income from the leasing of an industrial property.
#17 – Kitchen Culture (SGX:5TI) +162%
Kitchen Culture Holdings Ltd. engages in the distribution of kitchen systems and appliances, wardrobe systems, household furniture and accessories from Europe and United States of America. It operates through the following segments: Residential Projects, Distribution and Retail, and Others. The Residential Projects segment designs, assembles, installs, tests and inspects various furniture and fittings, kitchen equipment and related products. The Distribution and Retail segment sells and distributes products through a network of authorized dealers and retailers. The Others segment is comprised of investment holding, dormant and inactive companies.
#18 – Global Invacom (SGX:QS9) +180%
Global Invacom Group Ltd. operates as an investment holding company. The firm engages in the manufacture and supply of satellite and television peripheral equipment. It operates through the following segments: Satellite Communications and Contract Manufacturing.
#19 – Riverstone (SGX:AP4) +223%
Riverstone Holdings Ltd. is an investment company, which engages in the manufacture and trade of healthcare and room cleaning products. It operates through the following geographical segments: Malaysia, Thailand, China and Others.
#20 – Top Glove (SGX:BVA) +230%
Top Glove Corp. Bhd. engages in the manufacture and trading of rubber gloves. The company offers latex, nitrile, vinyl, surgical, household, cleanroom, cast polyethylene, industrial high risk, and thermoplastic elastomer gloves. It operates through the following geographical segments: Malaysia, Thailand, China, British Virgin Islands, and Others.
#21 – Perennial Real Estate (SGX:40S) +242%
Perennial Real Estate Holdings Ltd. engages in the provision of real estate investment and development, asset and property management services and healthcare services. It operates through the following segments: Singapore, China, Management Businesses and Corporate and Others. The Singapore segment consists of income producing projects located in downtown civic district, central business district and orchard road precinct. The China segment comprises mainly of large-scale integrated mixed-use projects which are under development, operational retail malls and operational integrated development. The Management Businesses segment includes asset and retail management, project development, project and design management and investment advisory services. The Corporate and Others segment covers other developing markets together with corporate function.
Perennial Real Estate substantial shareholders offered $0.95 per share to delist the company. Read more.
#22 – Sri Trang (SGX:NC2) +242%
Sri Trang Agro-Industry Public Co. Ltd. engages in the production and distribution of natural rubber products. It operates through the following segments: Natural Rubber Products, Engineering Business, Plantation and Other Businesses. The Natural Rubber Products segment involves in the manufacture, sale, and trading of ribbed smoked sheets, concentrated latex, and block rubbers. The Engineering Business segment includes research and development of machinery and production process, and also providing information system service. The Plantation segment offers rubber, palm, and temperate fruits. The Other Businesses segment comprises of logistics services, research and development relating to machinery and production processes, and information technology services.
#23 – Adventus (SGX:5EF) +267%
Adventus Holdings Ltd. is an investment company, which engages in the manufacture and sale of electronic components; and provision of hospitality services through its subsidiaries. It operates through the following business segments: Property and Hospitality; Corporate; and Others. The Property and Hospitality segment owns, invests, develops, and manages real estate properties and also provides hospitality services.
#24 – Sapphire (SGX:BRD) +270%
Sapphire Corp. Ltd. is an investment management and holding company, which engages in the infrastructure business. It is involved in the design, civil engineering and construction for land transport infrastructure and water conservancy and environment projects, major tunneling works, underground structures, expressways, road and bridges for township development, and urbanization projects.
#25 – Adventus (SGX:5EF) +300%
Adventus Holdings Ltd. is an investment company, which engages in the manufacture and sale of electronic components; and provision of hospitality services through its subsidiaries. It operates through the following business segments: Property and Hospitality; Corporate; and Others. The Property and Hospitality segment owns, invests, develops, and manages real estate properties and also provides hospitality services.
#26 – Axington (SGX:42U) +318%
Axington engages in the provision of integrated professional services to government-linked entities, private and public listed companies, and multinational corporations. It operates through the following business segments: Tax Advisory, Business Consultancy, Technology Tools and Advisory, and Business Support Services. The Tax Advisory segment provides corporate and individual tax compliance, training, and knowledge management services. The Business Consultancy segment relates to governance and compliance assessment, internal audit services, business continuity management, and financial management. The Technology Tools and Advisory segment sells license of the Enterprises Risk Management software and also offers information technology audit, cyber security management and system implementation advisory services. The Business Support segment offers corporate secretarial services, accounting, payroll, and administration support.
#27 – China Kunda Tech (SGX:GU5) +320%
China Kunda Technology Holdings Ltd. is an investment company, which engages in the provision of Moulds, Plastic Injection Parts and IMD products. The company operates in two segments: IMD & Plastic Injection Parts Business and Furniture Business. The Furniture Business segment engages in design and development of furniture and fittings, which includes but not limited to cabinets, appliances, surfaces, woodwares and decorative products. The IMD & Plastic Injection Parts Business segment engages in the sale of IMD and plastic injection parts to electronics manufacturers in People’s Republic of China.
#28 – 3Cnergy (SGX:502) +325%
3Cnergy Ltd. is an investment holding company, which engages in the provision of real estate property development consultancy services. The firm offers architectural design, project financial feasibility assessment, engineering expertise, and construction management services. It operates through the Singapore and Malaysia geographical segments.
#29 – Leader Env (SGX:LS9) +445%
Leader Environmental Technologies Ltd. engages in the provision of environmental protection solutions. It operates through the Industrial Wastages Treatment and Industrial Wastewater Treatment segments. The Industrial Wastages Treatment segment offers treatment solutions for the elimination of dust and desulphurization from the emission of industrial waste gas; and denitrification which relates to treatment solutions for the elimination of nitrogen oxides from the emission of waste gas. The Industrial Wastewater Treatment includes treatment solutions for the removal and reduction of pollutants in the wastewater, mainly to lower the chemical oxygen and biochemical oxygen from the emission of industrial wastewater.
#30 – Parkson (SGX:O9E) +500%
Parkson Retail Asia Ltd. engages in the operation and management of retail stores. It operates through the following geographical segments: Malaysia, Vietnam, Indonesia, Myanmar, and Cambodia.
#31 – UG Healthcare (SGX:41A) +619%
UG Healthcare Corp. Ltd. is an investment holding company, which engages in the manufacture and distribution of natural latex and nitrile examination gloves. It operates through the following segments: Latex Examination Gloves, Nitrile Examination Gloves, and Other Ancillary Products.
#32 – Medtecs (SGX:546) +700%
Medtecs International Corp. Ltd. manufactures and distributes medical consumables for the global healthcare industry. The company offers its products and services in the Asia Pacific. It provides its products in healthcare textiles work wear, medical devises equipment and hospitality textiles. Its products include bed linen, patient gown, blanket, urine bag, rectal tube, endotracheal tube, paediatric urine collector, apron, napkin, table cloth, work wear, scrub suit, coloured sheets and custom printed sheets.
#33 – AnAn International (SGX:Y35) +2,000%
AnAn International Ltd. is an investment holding company, which engages in trading of petrochemical, fuel oil, and petroleum products. It operates through the following segments: Distribution, Wholesale and Corporate.