The Monetary Authority of Singapore (MAS) and the Securities Commission Malaysia (SC) have collaborated to make a stock market transaction interface between Bursa Malaysia (BM) and the Singapore Exchange (SGX) by the end of 2018.
This trading interface has made it easier and less expensive for investors to acquire and negotiate shares traded on each other's stock exchanges. Such collaboration will primarily help retail investors. With the KLSE stock tips and Bursa Malaysia stock tips, traders can transact shares and gain profits.
Let's now understand what are some of the good stocks to buy in Malaysia and Singapore.
Top Glove Corporation Bhd
Top Glove Corporation Bhd. is traded on the main boards of the Bursa Malaysia Stock Exchange and the Singapore Exchange.
It is also a constituent stock of:
- The FTSE Bursa Malaysia Mid 70 Index
- The FBM Top 100 Index
- The FBM Emas Index
- The FBM Emas Syariah Index
- The FTSE Bursa Malaysia Hijrah Shariah Index
- The FTSE4Good Bursa Malaysia Index.
Top Glove is the world's largest rubber glove maker, with a well-established corporate culture and a sound business strategy of manufacturing consistently high-quality, low-cost gloves.
Top Glove Corporation Bhd's secondary listing in Singapore:
- Achieved a 325 % total return in 2020
- Is listed as one of the top 50 stocks by transaction activity
- Has an average of S$6.1 million transactions daily
Riverstone Holdings
Riverstone Holdings Ltd. is an investment firm that manufactures and sells healthcare and room cleaning products.
- For 3Q 2020, revenue increased by 92.0 % YoY to RM482.3 million.
- Annual glove production capacity will increase from 1.5 billion to 10.5 billion pieces.
- One of the most popular and active stocks traded during the day, ranked by value and volume
GSH Corporation
GSH Corporation Limited is an investment holding company that provides management services to its subsidiaries. Hospitality, Property, Trading, and Others are the company's business segments.
- Net profit increased to 14.7% for 1H 2020 by S$65.8 million.
- New trading segment planned for a fully integrated frozen foods supply chain ranging from purchasing, and logistics, to financing via major Chinese ports.
- GSH insiders believe the business has merit because of its high insider ownership and encouraging transactions.
Group Sheng Siong
Sheng Siong is a one-stop online shopping destination. It is run by Sheng Siong Supermarket Pte Ltd, one of Singapore's most well-known supermarket conglomerates.
- According to the most recent financial statements, it has a net income of S$132.38 million, representing an 83.7 % increase.
- They intend to open new locations throughout the year.
- Insiders own a significant portion of Sheng Siong Group Ltd, totaling S$879 million in shares, demonstrating a high level of alignment with shareholders.
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