Road and rail stocks averaged 7% year-to-date returns

SMRT was the worst performer.

The three road and rail stocks on the SGX have an average total return of 7% year-to-date, according to a report on the local bourse.

The worst performer is SMRT, with a YTD return of -11.7%. In contrast, ComfortDelGro and SBS Transit have total YTD returns of 87.4% and 37.5% respectively.

The three currently trade at price-earnings (P/E) and price-to-book (P/B) ratios of 27.0 and 2.4 respectively, and maintain an indicative dividend yield of 2.2%.

In comparison, the MSCI World Road & Rail Index generated year-to-date and three-year returns of negative 8.9% and 45.3% respectively. The Index has a combined market capitalisation of US$377.0 billion, and maintains a yield of 1.7%.