Dear readers, in today’s post, I will share one surprise for all Singapore investors.
First of all, as at 15 Oct 2021, the Singapore stocks markets, as measured by the Straits Times Index (STI) has achieved a year-to-date capital gain of 11.6%. This gain is a respectable gain to me because if we are to add in a typical 3% to 4% dividend gain, Singapore investors in general will reap about 15% gain from the Singapore stocks markets year-to-date.
On the other end, there have been STI constituent stocks which has performed dismally. Year-to-date (as at 15 Oct 21), the worst performing STI constituent stock in terms of capital gain is Dairy Farm International Holdings stock with a -12.8% gain.
And the second worst-performing STI constituent stock year-to-date is …. Keppel DC Reit with a -10.3% year-to-date gain.
And that is the surprise! Many investors would think by virtue of being a Reit and a Reit in one of the trendiest areas (Data Centres), Keppel DC Reit is supposed to perform well, at least not to the extent of being one of the worst STI performer year-to-date.
To be frank, there have been a number of corporate developments around Keppel DC Reit and as with other equities, there are always high and low moments for every stock.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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