, Singapore

Singapore key tech stocks' returns hit 23% YTD

These stocks include Venture Corporation, NetLink NBN Trust and Hi-P International.

Singapore's key tech stocks hit an average total return of 23% YTD which reverses a 22% decline in the previous year, according to SGX.

These top stocks are identified to be Venture Corporation, NetLink NBN Trust, Hi-P International, UMS Holdings, Valuetronics Holdings, AEM Holdings and Frencken Group.

These firms have also recorded a combined market capitalisation of $9b and saw $275m in combined market turnover over the past five sessions.

Over the past 12 months, it averaged 45% annualised volatility over the past 12 months, which ranged from 12% for NetLink NBN Trust to 69% for AEM Holdings. NetLink NBN Trust maintained the second highest dividend yield of the six technology plays at 5.8%. UMS Holdings has the highest dividend yield of the group at 6.3%.

On a cumulative basis, the largest of the technology stocks, and a constituent of the Straits Times Index, Venture, has paid out over $2b in dividends since its public listing in 1992.

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