BEST WORLD INTERNATIONAL has emerged as a top gainer on SGX in the past year (if you exclude the 2,000% gain of ISR Capital which is under probe).
China is the world's second largest direct-selling market, worth US$35.5 billion in 2015 and growing at 19% per annum.
The tables below show the top 20 gainers and losers of 2016. Top gainers with a PE ratio of less than 15 times are highlighted.
|Top 20 Gainers||Total Return||Stock Price (end-2016)||PE|
|SING MEDICAL GROUP||166.9%||43.5c||169.0|
|CHINA KANGDA FOOD||159.1%||28.5c||-|
|Top 20 Losers||Total Return||Stock Price||PE|
|MARCO POLO MARINE||-75.2||5.2c||-|
|FAR EAST GROUP||-75.0||3.5c||-|
The above total return data from Bloomberg includes capital adjustments and dividends over the year to 30 Dec 2016.
The Business Times last Saturday published its version of top gainers some of whose figures are very incorrect.
The BT table (left) showed ISR Capital as the top gainer with 8,179% gain. But from 0.6 cent to 12.7 cents is actually about 2,000%. (The stock has been suspended since late Nov and is under a cloud ).
Eucon, to which BT ascribed a gain of about 430%, actually had a negative return of 7% (from 3 cents to 2.8 cents).
Did Blumont turn in a 512% gain? Nope, it was minus 33%. And Abundance International's gain was nowhere near as abundant as reported.