Phew! So there are some China-related stocks that are doing well for shareholders. Just a quick note on 3 stocks: Techcomp is in the midst of being privatised (see forum) while China Sunsine is about to report potentially record 2Q earnings (see here). And Sunpower is riding on the environment theme (see here).


Below are excerpts from article published on SGX website.


Five Best-Performing Small-Cap China Plays Avg 82% YTD Return

There are nearly 200 companies listed on SGX that have a market cap range of S$100 million to slightly above S$2 billion. Based on classifications by the FTSE ST Index series, these stocks fall into the small-cap category.

weifang cbs9.14aChina Sunsine produces chemicals used by top tyre manufacturers such as Michelin and Bridgestone. NextInsight file photo.Within this universe of 200 small-cap stocks, more than 30 of them derive 50% and above of group revenues from China.

They are categorised to the Real Estate, Consumer, Industrials, Materials, IT, Utilities, Energy, Health Care, and Financial sectors.

Among these small-cap China plays, the five best performers are: Techcomp (+143.9%), Delong (+115.1%), China Sunsine Chemical (+76.2%), Weiye (+40.2%), and Memtech International (+33.5%).

They have averaged a total return of 81.8% in the YTD, bringing their 12-month and three-year average total returns to 122.9% and 252.5% respectively.


Market Cap
S$M

30 July Closing Price

Total Return YTD %

Total Return
1 Yr %

Total Return
3 Yrs %

China Geo Seg Rev %^

Techcomp

151

0.550

143.9

173.1

117.6

73.1

Delong

628

5.700

115.1

295.8

551.4

99.7

China Sunsine

767

1.560

76.2

85.4

384.8

68.7

Weiye

127

0.645

40.2

17.3

57.3

96.9

Memtech

192

1.370

33.5

42.8

151.3

80.7

Lung Kee Bermuda**

452

0.715

27.8

32.6

N/A

7.1

Sunpower

417

0.565

25.8

-18.0

132.2

92.2

Kingboard Copper Foil

332

0.460

22.7

29.6

177.1

100.0

^Note: Data from latest annual report
**Note: For Lung Kee, the following periods were used to calculate its YTD and 1Y total returns: 23 Nov 2017-19 June 2018 and 27 June 2017-19 June 2018; 3Y total return data unavailable due to low trading volume.


China’s Slower Growth Momentum

China’s gross domestic product (GDP) expanded 6.7% YoY in the April-June quarter, growing at the slowest pace since 2016 and down slightly QoQ. Retail sales increased by a better-than-expected 9% YoY in June, but industrial output slowed to a 6% rise. While fixed-asset investment gained 6% over the first half of the year, the pace was slower than through the end of May.

The weakening in the world’s second-largest economy comes amidst an escalating trade war with the US, and many economists are concerned this could have knock-on effects on global growth.

The International Monetary Fund (IMF) said in a Country Focus report published on 26 July that the Chinese economy continues to perform strongly, with growth expected at 6.6% this year, down marginally from last year's 6.9%.

The IMF praised China's progress on reducing financial sector risks, but noted that credit growth was still unsustainably high, and some aspects of the country's rebalancing had slowed.

The report stressed the importance of staying the course on reining in credit growth, noting that the tightening of macro-financial policies should continue, while de-emphasising growth targets. (Click here for the full report)


Share Prices

Counter NameLastChange
AEM Holdings0.8650.065
Alliance Mineral0.3200.010
AusGroup0.040-0.001
Avi-Tech Electronics0.380-
Best World Int.1.210-0.010
China Sunsine1.2000.020
DISA Limited0.008-
Dutech Holdings0.250-
Federal Int. (2000)0.270-
Food Empire0.550-
Geo Energy0.225-
Golden Energy0.305-0.010
GSS Energy0.1340.004
Heeton Holdings0.520-0.005
ISOTeam0.325-0.005
KSH Holdings0.6000.005
Lian Beng Group0.500-
Miyoshi0.0550.003
Nordic Group0.5050.010
Oxley Holdings0.340-
REX International0.0420.001
Riverstone1.1100.010
Roxy-Pacific0.430-
Serial System0.145-0.001
Sing Holdings0.410-
Sino Grandness0.200-
Straco Corp.0.7400.010
Sunningdale Tech1.4300.020
Sunpower Group0.585-0.010
The Trendlines0.102-
Tiong Seng0.330-
Trek 2000 Int.0.113-0.001
Uni-Asia Group1.340-0.010
XMH Holdings0.280-
Yangzijiang Shipbldg1.060-0.020

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