With effect from this week, more than a dozen stocks were added to the FTSE ST Catalist Index. Two of these entrants – UnUsUaL and Kimly – now maintain the highest and second highest weights within the Index.
UnUsUaL was listed in April 2017, has gained 137.5% from its initial offer price and maintains a 6% weight in the Index. Kimly was listed in March 2017, has gained 46% from its initial offer price and maintains a 5% weight in the Index.
Aspen (Group) Holdings, which listed in July 2017, is now the fifth biggest weight of the FTSE ST Catalist Index. The stock is trading at its initial offer price and reported 2QFY17 net profit attributable to shareholders of RM13.4 million, a reversal from the net loss position a year ago.
Singapore Exchange (SGX) has two trading boards: the Mainboard – which typically lists larger stocks, and the Catalist Board – which provides investors access to 197 smaller-sized, yet potentially fast-growing companies.
The largest capitalised stocks listed on the Catalist Board are TalkMed Group with full market capitalisation of S$775 million, Kimly with full market capitalisation of S$428 million and Jumbo Group, with full market capitalisation of S$343 million.
There is no quantitative entry criteria required by SGX for Catalist stocks, and companies seeking a primary listing on Catalist must be brought to list by approved Sponsors.
FTSE ST Catalist Index – New Entrants
There are currently 185 stocks that make up the FTSE ST Catalist Index, which is used as a broad tracking tool for the performance of Catalist-listed stocks.
Following the rebalance of the FTSE ST Indices, which came into effect on Monday 18 September, as many as 14 of these 185 stocks were added to the FTSE ST Catalist Index. No stocks were excluded from the FTSE ST Catalist Index rebalance. The 14 stocks have averaged a 16.5% price gain in the year-to-date, with more than half of these stocks listing in 2017.
The Consumer Discretionary Sector added the most stocks to the Index in this recent rebalance with Kimly, UnUsUaL, Y Ventures Group, Shopper360 and Chaswood Resources Holdings.
These 14 stocks are tabled below. Click on the stock names below to see the full profile in SGX StockFacts.
| Name | SGX Code |
Market Cap S$m |
Price S$ |
Price Change 2016 % |
Price Change YTD % |
GICS Sector |
|---|---|---|---|---|---|---|
| Kimly* | 1D0 | 428 | 0.370 | N/A | 46.0 | Consumer Discretionary |
| UnUsUaL* | 1D1 | 306 | 0.470 | N/A | 137.5 | Consumer Discretionary |
| Aspen Group Hldgs* | 1F3 | 195 | 0.230 | N/A | 0.0 | Real Estate |
| Sanli Environment* | 1E3 | 81 | 0.290 | N/A | 31.1 | Industrials |
| Aoxin Q&M Dental Group* | 1D4 | 80 | 0.210 | N/A | 5.0 | Consumer Staples |
| Emerging Towns & Cities | 1C0 | 79 | 0.080 | 64.0 | 0.0 | Health Care |
| Ley Choon Group Hldgs | Q0X | 56 | 0.050 | -25.0 | 113.5 | Industrials |
| Union Gas Hldgs* | 1F2 | 50 | 0.250 | N/A | -2.0 | Utilities |
| Y Ventures Group* | 1F1 | 49 | 0.240 | N/A | 9.1 | Consumer Discretionary |
| Shopper360* | 1F0 | 31 | 0.270 | N/A | -6.9 | Consumer Discretionary |
| China Star Food Group | 42W | 21 | 0.090 | -65.2 | -55.2 | Consumer Staples |
| Singapore Kitchen Equipment | 5WG | 21 | 0.140 | -37.9 | 60.9 | Industrials |
| ES Group Hldgs | 5RC | 5 | 0.040 | -15.0 | -65.7 | Industrials |
| Chaswood Resources Hldgs | 5TW | 3 | 0.010 | -57.8 | -42.1 | Consumer Discretionary |
| Median | -31.4 | 2.5 | ||||
| Average | -22.8 | 16.5 |
* Stocks were listed in 2017 &YTD Price Change from initial offer price.
Source: SGX Stockfacts and Bloomberg (Data as of 20 September 2017)
UnUsUaL was listed in April 2017, has gained 137.5% from its initial offer price and maintains a 6% weight in the FTSE ST Catalist Index.
On 1 August, UnUsUaL reported that Group revenue for its 1QFY18 increased by approximately S$3.9 million or 166.2% year-on-year (“YoY”) to S$6.2 million. The increase was due mainly to the promotion segment and production segment which increased by S$2.8 million and S$1.7 million respectively. For more details click here.
Kimly was listed in March 2017, has gained 46% from its initial offer price and maintains a 5% weight in the Index.
As noted in the Market Update – Biggest Hotel, Restaurant & Leisure Stocks Extend Average YTD Gain to 20% (click here), Kimly was the first coffee shop operator to list on SGX. On 7 August, Kimly reported its 3QFY17 revenue rose to S$47.9 million, up 8.5% YoY from 3QFY16. The company noted however that its 3QFY17 gross profit slipped 6.7% to S$8.8 million from S$9.5 million in 3QFY16, due to an increase in staff costs and operating leases as the Group expands its operations. For more details click here.
Aspen (Group) Holdings, which listed in July 2017, maintains a 3% weight in the Index. Aspen (Group) Holdings together with its subsidiaries are a Malaysia-based property development group. The Group is focused on developing affordable residential and mixed development properties at strategic locations with quality infrastructure and amenities which target middle-income mass market purchasers. On 7 September, the Group announced it had achieved net profit attributable to shareholders of RM13.4 million for its 2QFY17, a reversal from the net loss position a year ago. For more details click here.
FTSE ST Catalist Index – Biggest Index Weights
The 10 current biggest weights of the FTSE ST Catalist Index account for 33.1% of the Index weight and have averaged an 27.6% price return in the 2017 year thus far. Three of the 10 biggest weights of the Index are new entrants – UnUsUaL, Kimly and Aspen Group Holdings.
These 10 stocks are tabled below. Click on the stock names below to see the full profile in SGX StockFacts.
| Name | SGX Code |
Market Cap S$m |
Price S$ |
Price Change 2016 % |
Price Change YTD % |
GICS Sector |
|---|---|---|---|---|---|---|
| UnUsUaL* | 1D1 | 306 | 0.475 | N/A | 137.5 | Consumer Discretionary |
| Kimly* | 1D0 | 428 | 0.365 | N/A | 46.0 | Consumer Discretionary |
| Singapore O&G | 1D8 | 226 | 0.470 | 57.7 | -20.0 | Health Care |
| Jumbo Group | 42R | 343 | 0.535 | 49.4 | -17.7 | Consumer Discretionary |
| Aspen Group Hldgs* | 1F3 | 195 | 0.230 | N/A | 0.0 | Real Estate |
| Talkmed Group | 5G3 | 775 | 0.590 | 6.3 | 15.7 | Health Care |
| CNMC Goldmine Hldgs | 5TP | 118 | 0.290 | 130.2 | -33.3 | Materials |
| Moya Hldgs Asia | 5WE | 336 | 0.122 | 60.6 | 130.2 | Industrials |
| HC Surgical Specialists | 1B1 | 100 | 0.670 | N/A | 8.9 | Health Care |
| Wilton Resources Corp | 5F7 | 175 | 0.072 | 13.8 | 9.1 | Materials |
| Median | 53.6 | 9.0 | ||||
| Average | 53.0 | 27.6 |
* Stocks were listed in 2017 & YTD Price Change from initial offer price.
Source: SGX Stockfacts and Bloomberg (Data as of 20 September 2017)
As discussed last month (click here), the Industrials Sector contributes the largest number of companies and the largest share of market capitalisation to the Catalist board. The Industrials Sector also contributes as many as 69 constituents to the 185 constituents of the FTSE ST Catalist Index, maintaining a 23% Index weight, equal to the weight of the Consumer Discretionary Sector.
The market capitalisation of the Consumer Discretionary stocks is generally higher though, as the Sector contributes 32 of the 185 constituents.
Catalist Board
As noted in Catalist offer documents, companies listed on Catalist may carry higher investment risk when compared with larger or more established companies listed on the Mainboard. Furthermore, companies may list on Catalist without a track record of profitability, and there is no assurance that there will be a liquid market in the shares or units of shares traded on Catalist.
These offer documents point out that investors should be aware of the risks of investing in such companies and should make the decision to invest only after careful consideration and, if appropriate, consultation with professional advisers. As noted above, for a Catalist listing there is no minimum quantitative criteria required by SGX – Sponsors will use their own house deal selection criteria.
For more information on the Catalist board, click here.
