
Chart of the Day: Check out the impressive capital returns of offshore & marine firms
Despite an underperformance since 2010.
Notwithstanding a lackluster recent showing, longer-term capital returns from Singapore oil & gas companies have been in the range of 85-284%, ignoring dividends.
According to RHB research, long-term capital returns from Keppel and SembMarine have been exceeding expectations.
“The two stocks have handily beaten both the STI and the S&P 500 indices,” RHB research said.
“A SGD1m investment in Keppel and SembMarine in 2000 would be worth SGD3.64m and SGD3.84m today, vs SGD1.26m and SGD1.31m in the STI and S&P 500 respectively, before accounting for dividends,” they added.