Singapore’s Giants: 3 of the Largest Companies Listed on the Local Stock Market
Giants such as Apple Inc and Amazon.com call the United States their home. In Singapore’s stock market, there are also giants. Let’s check out three of the largest shares listed in Singapore (data as of 26 September 2018).
Not many know this, but with a market capitalisation of S$83.6 billion, Prudential Plc (SGX: K6S) is the largest listed company in Singapore. The company, which has a secondary listing here, is a British life insurance and financial services provider that is headquartered in the United Kingdom. It was founded in May 1848.
Prudential was listed on the Singapore stock market by way of introduction on 25 May 2010. It has a premium listing in London and a primary listing in Hong Kong.
The insurance company has a price-to-book (PB) ratio of 2.8 and a dividend yield of 2.8% at a stock price of US$22.85.
DBS Group Holdings Ltd (SGX: D05) is one of the three major banks in Singapore, and has a growing presence in Greater China, Southeast Asia, and South Asia. The bank has won many accolades over the years, such as being named the “Safest Bank in Asia” by Global Finance for nine straight years from 2009 to 2017.
DBS was established in 1968 with just S$100 million in capital. Since then, the bank has grown to be a force to be reckoned with in the region. With a market capitalisation of S$66.0 billion, DBS is the second-largest listed company in Singapore.
At a share price of S$25.83, DBS sports a PB ratio of 1.4 and a dividend yield of 4.6%.
Jardine Matheson Holdings Limited (SGX: J36) oversees a portfolio of market-leading businesses, supporting their long-term development in the process. Jardine Matheson owns 84% of Jardine Strategic Holdings Limited (SGX: J37), which in turn, has significant stakes in other Singapore-listed companies such as Dairy Farm International Holdings Ltd (SGX: D01), Jardine Cycle & Carriage Ltd (SGX: C07), Hongkong Land Holdings Limited (SGX: H78), and Mandarin Oriental International Limited (SGX: M04). Jardine Strategic also has a 58% stake in Jardine Matheson.
Jardine Matheson is the oldest company among the trio of Singapore-giants mentioned in this article — it was founded in 1832 in China. The company operates mainly in Greater China and Southeast Asia and has 440,000 employees. According to its website, Jardine Matheson’s businesses “represent a combination of cash generating activities and long-term property assets that are closely aligned to the increasingly prosperous consumers of the region.”
Jardine Matheson has a market capitalisation of S$62.9 billion at a share price of US$62.55. At that price, it has a price-to-earnings ratio of around 9 and a dividend yield of 2.6%.