Hupsteel Limited (BMH) Moved Up 1.76% on Jun 23

June 23, 2018 - By Ellis Scott

Shares of Hupsteel Limited (SGX:BMH) last traded at 0.865, representing a move of 1.76%, or 0.015 per share, on volume of 19,600 shares. After opening the trading day at 0.86, shares of Hupsteel Limited traded in a close range. Hupsteel Limited currently has a total float of 122.05 million shares and on average sees 31,536 shares exchange hands each day. The stock now has a 52-week low of 0.755 and high of 0.955.

SGX: SE Asia’s Driver of Growth

In the latest list of the top Asian markets in terms of corporate governance issued biannually by CG Watch, Singapore has ranked first, beating Hong Kong by two points with a score of 67 points. This puts the Singapore Exchange (SGX) in a more competitive global position because investors are further encouraged by excellent corporate governance. It gives Hupsteel Limited and other companies inside SGX lists privileges.

Good corporate governance reflects a nation’s ability to maximize resources and opportunities, to boost investors’ confidence in its long-term economic success, and to back healthy market competition.

Corporate governance is highly associated with foreign direct investment (FDI), which is essential in national economic growth. Similarly, high FDI inflow in Singapore through the SGX can lift the Southeast (SE) Asian economy as a whole, too. It is without a doubt that Singapore is already one of the biggest economic growth contributors in the region, thanks to the SGX. And Hupsteel Limited is the part of this growth.

SGX Then

The SGX was instituted in December 1999 after the Singapore International Monetary Exchange and the Stock Exchange of Singapore— the two leading stock exchange platforms in Singapore back then— had merged to create a consolidated stock exchange platform in Singapore.

Singapore Exchange Limited owns and operates the SGX is, which is traded on the stock exchange platform as well. Like any other stock exchange platforms, the SGX broadly features all kinds of trading instruments.

A year after its establishment, it already became a publicly traded company, serving as a component of the MSCI Singapore Free Index and the Strait Times Index (STI), which tracks the performance of top 30 SGX companies in terms of market capitalization quarterly.

SGX Now

Regular session during business days lasts from 9:00 a.m. until 5:00 p.m. while pre-market session lasts from 8:30 a.m. until 8:59 p.m. Extended trading lasts until 5:05 p.m. before the market officially concludes the session at 5:06 p.m.

As of January 2009, there are 455 domestic companies and 313 international companies listed on the SGX. Over 90 of these companies have a market capitalization of more than S$1 billion each. Undoubtedly, the listing still continues to expand.

With a solid performance through the years, more and more international companies are compelled to enter the Singaporean market, hoping to take advantage of the tremendous growth opportunities in the country and of the optimistic trading environment.

Over the past five years, there are three companies listed on the SGX that have demonstrated interesting growth performance. These include Comfortdelgro Corporation Limited (SGX:C52),Thai Beverage Public Company Limited (SGX:Y92) and SATS Ltd (SGX:S58). During the said five-year period, Thai Beverage has generated a 216% return; Comfortdelgro has generated a 123% return; and SATS has generated a 119% return. Good and reliable return attracts more clients to Hupsteel Limited.

As it aims to transform the region’s thriving economy, the SGX remains to be one of the best and the fastest-growing stock exchange platforms in the world. Needless to point out, the SGX is one of SE Asia’s key to becoming the next world leader in economy such as North America.

HUPSteel Limited, an investment holding company, trades in industrial steel products for the gas and oil, chemical and petrochemical, energy, infrastructure, marine, and other industries in Singapore, Malaysia, other Southeast Asian countries, and internationally. The company has market cap of $105.57 million. It provides pipes, butt weld fittings, flanges, and forged fittings; and structural steel products, such as mild steel plates, high tensile steel plates, mild steel ship plates, boiler plates, mild steel chequered plates, mild steel and high universal beams, sheet piles, bulb flats, channel bars, equal and unequal angle bars, inverted angle bars, flat bars, square bars, round bars, cold formed hollow sections, lipped channels, circular hot finished sections, and square and rectangular hot finished sections. It has a 29.83 P/E ratio. The firm also provides building materials, including adhesives, acrylic waterproofing systems, sealants, primers, backer rods, application tools, chairo gate padlocks, win steel slotted angles, and dove cutting abrasives.

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