
Noble succumbs as the weakest performer in the game of stocks
Total returns year to date dives to -52.7%.
The Noble Group has been struggling with its tumbling shares lately and the recent report by the SGX My Gateway further highlighted its lapses, tagging it as the weakest performer among the 102 billionaire stocks.
According to the report, Noble has a total returns year-to-date at -52.7%.
The report looked at and analyzed 102 stocks from across industries which have a market cap of over $1 billion each.
The combined market capitalization of all the companies in the list sits at $668.4 billion.
The city-state’s 102 billionaire stocks have averaged a divided-inclusive total return of 7.8%, with an average indicative dividend yield of 3.8%.
At the top of the leaderboard are China Aviation Oil Singapore with a return of 125.2%, agri-company Japfa with 73.6%, brewery ThaiBev with 53.7%, confectionery firm Delfi with 35.1%, and developer Yoma Strategic Holdings with 33.9%.
Meanwhile, Lippo Malls Indonesia Retail has the highest yielding stock with 9.1%. Trailing close behind is Hutchison Port Holdings Trust with 8.1%. It was followed by Frasers Hospitality Trust at 7.8%. Ascott Residence Trust and Keppel Infrastructure Trust joins the list with 7.4% yield each.
The financial sector is the most well-represented sector in the list with 51 companies. Industrial sector trails behind with 20. Of the remaining, 19 belong to the consumer sector made up of consumer discretionary and consumer staples stocks.