What are the top 3 China stocks in the SGX? | Asian Business Review
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What are the top 3 China stocks in the SGX?

These three stocks saw significant growth in trading turnover year-to-date.

The industrial trio of Hong Leong Asia, Sunpower and Yangzijiang showed significant growth in investor activity among the China-based Singapore Exchange (SGX)-listed stocks in the second quarter to June 11, with an average 23% gains.

Hong Leong Asia grew fivefold in 2021 year-to-date, according to an SGX report, rallying to a share price of $1.00 per unit as of June 11. SGX noted that Hong Leong is now on amongst the top 100 stocks by turnover.

Solar power firm Sunpower likewise grew fivefold year-to-date, and has a place amongst the top 60 stocks by turnover.

Yangzijiang Shipbuilding, also a part of the Straits Times Index, grew 80% in 2021 year-to-date from the full year of 2020. It is the sixth most traded stock by turnover.

There are fifteen SGX-listed China-based stocks that are also a part of the FTSE ST China Index. Year-to-date, they have a combined market capitalisation of $55b.

Consumer-oriented stocks led the index as of June 11, with Tianjin Zhongxin Pharmaceuticals, EC World REIT, Sasseur REIT and CapitaLand China Trust at the helm.

Sasseur REIT and EC World REIT are also amongst the top 10 best performing REITs in Singapore in 2021, year-to-date.

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