ThaiBev's returns soared to 35.5% YTD.
This chart from the Singapore Exchange (SGX) with data from Bloomberg shows that the top five best performers amongst food and beverage (F&B) stocks saw their average returns hit 19.9% YTD in January. This brings their 1Y and 3Y total returns to 9.1% and 49.8%, respectively.
Thai Beverage saw the highest returns of 35.5%. Also rounding up the list are QAF (21.4%, Olam (17%), JB Foods (12.9%), Indofood Agri Resources (12.6%).
According to SGX, the 10 largest food and beverage stocks on SGX has a market cap of above $200m.
“These 10 plays are characterised by diversity – in terms of the types of businesses as well as their geographical spread, with most of them reporting revenues from across the Asia-Pacific region,” SGX noted.
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