In FTSE’s latest semi-annual review of its ST Index series, 20 component stocks were added to the FTSE ST Fledgling Index, while eight were removed. After changes that took effect on 19 March, the Fledgling Index now comprises 219 stocks, with a combined market capitalisation of S$25.7 billion.
In the 2018 year-to-date, the five best-performing inclusions to the FTSE ST Fledgling Index were: APAC Realty (36.0%), Blumont Group (33.3%), Cityneon (14.4%), Sarine Technologies (13.0%) and Debao Property (8.7%). They averaged a price gain of 21.1% over the period.
With a weighting of 2.4%, new addition Sarine Technologies is the fourth-largest constituent of the FTSE ST Fledgling Index, after AEM (3.0% weight), Sunningdale (2.6% weight) and Creative Technology (2.5% weight).
The FTSE ST Fledgling Index consists of Mainboard-listed stocks that do not meet size criteria for inclusion in the FTSE ST Small Cap Index. After index constituent changes that took effect on 19 March, the FTSE ST Fledgling Index now comprises 219 stocks, with an average market capitalisation of about S$117 million. The combined market capitalisation of the Index stands at more than S$25 billion.
In FTSE’s latest semi-annual review of its ST Index series, 20 constituent stocks were added to the FTSE ST Fledgling Index, while eight were removed. For detailed changes to the constituents of the FTSE ST Fledgling Index that took effect on 19 March, click here.
| Index Inclusions | Index Exclusions | |
|---|---|---|
| Sarine Technologies | Fu Yu | Tianjin Zhongxin Pharmaceutical Group |
| TPV Technology | Blumont Group | China Sunsine Chemical Hldgs |
| APAC Realty | Sinostar PEC Hldgs | United Overseas Insurance |
| AnAn International | Trek 2000 Intl | SingHaiyi Group |
| Kingboard Copper Foil Hldgs | Avi-Tech Electronics | Hiap Hoe |
| Cityneon Hldgs | CSC Hldgs | Hong Leong Asia |
| MindChamps PreSchool | Vicplas Intl | BRC Asia |
| Serial System | First Ship Lease Trust | ISR Capital |
| Hiap Seng Engrg | China Jishan Hldgs | |
| Debao Property Development | Enviro-Hub Hldgs | |
Best-Performing FTSE ST Fledging Index New Constituents
In the 2018 year-to-date, the five best-performing inclusions to the FTSE ST Fledgling Index were: APAC Realty (36.0%), Blumont Group (33.3%), Cityneon (14.4%), Sarine Technologies (13.0%) and Debao Property (8.7%). This brings their average price gain to 21.1% over the period.
The table below details the 20 constituents added to the FTSE ST Fledgling Index, effective 19 March 2018, sorted by YTD performance. Click on the stock name to view its profile in StockFacts.
| Name | SGX Code |
Market Cap S$m |
19-Mar Closing Price |
Price Change YTD % |
Price Change 12M % |
Total Return YTD % |
Total Return 12M % |
GICS Sub Industry |
|---|---|---|---|---|---|---|---|---|
| APAC Realty | CLN | 423 | 1.190 | 36.0 | 80.3* | 36.0 | N/A | Real Estate Services |
| Blumont Group | A33 | 110 | 0.004 | 33.3 | 0.0 | 33.3 | 0.0 | Diversified Support Services |
| Cityneon Holdiings | 5HJ | 262 | 1.070 | 14.4 | 32.1 | 14.4 | 32.1 | Diversified Support Services |
| Sarine Technologies | U77 | 397 | 1.130 | 13.0 | -38.6 | 13.0 | -36.3 | Industrial Machinery |
| Debao Property Devt | BTF | 15 | 0.200 | 8.7 | -33.3 | 8.7 | -24.5 | Real Estate Development |
| Vicplas Intl | 569 | 53 | 0.106 | 7.1 | -15.2 | 7.1 | -9.2 | Health Care Equipment |
| Avi-Tech Electronics | BKY | 86 | 0.505 | 6.3 | 38.4 | 6.3 | 46.5 | Semiconductors |
| Serial System | S69 | 154 | 0.172 | 4.9 | 3.0 | 4.9 | 5.7 | Technology Distributors |
| Fu Yu | F13 | 145 | 0.193 | 2.7 | -10.2 | 2.7 | -3.8 | Industrial Machinery |
| First Ship Lease Trust | D8DU | 58 | 0.091 | 1.1 | -33.6 | 1.1 | -33.6 | Specialized Finance |
| MindChamps PreSchool | CNE | 191 | 0.790 | 0.6 | -4.8 | 0.6 | N/A | Education Services |
| Trek 2000 Intl | 5AB | 84 | 0.260 | -3.7 | 39.8 | -3.7 | N/A | Technology Hardware, Storage & Peripherals |
| Hiap Seng Engrg | 510 | 38 | 0.124 | -6.8 | -29.1 | -6.8 | -26.6 | Oil & Gas Equipment & Services |
| Kingboard Copper Foil | K14 | 246 | 0.340 | -9.3 | -18.1 | -9.3 | -18.1 | Commodity Chemicals |
| CSC Holdiings | C06 | 55 | 0.025 | -10.7 | 13.6 | -10.7 | 13.6 | Construction & Engineering |
| Enviro-Hub Holdiings | L23 | 39 | 0.038 | -13.6 | -26.9 | -13.6 | -26.9 | Diversified Metals & Mining |
| TPV Technology | T18 | 462 | 0.197 | -14.3 | -24.2 | N/A | N/A | Technology Hardware, Storage & Peripherals |
| Sinostar PEC Holdiings | C9Q | 118 | 0.185 | -15.9 | -9.8 | -15.9 | -7.8 | Oil & Gas Refining & Marketing |
| China Jishan Holdiings | J18 | 36 | 0.120 | -17.2 | 140.0 | -15.5 | 140.0 | Textiles |
| AnAn International | Y35 | 178 | 0.042 | -44.0 | -77.2 | -44.0 | -77.2 | Oil & Gas Storage & Transportation |
| Average | -0.4 | 1.3 | 0.5 | -1.6 |
* Based on performance since 28 Sept 2017 listing date.
FTSE ST Fledgling Index Top 10 Index Constituents
The 10 largest constituents of the FTSE ST Fledgling Index by weight account for 14% of the Index’s total market capitalisation. These 10 constituents have posted an average price gain of 71.4% in the YTD, bringing their average price gain over the last 12 months to 97.5%.
During the recent review of the FTSE ST Index series, Sarine Technologies was the latest addition to the Fledgling Index. Sarine, which listed on SGX Mainboard in April 2005, develops advanced evaluation, planning, processing and finishing systems for diamond and gemstone production. With a weighting of 2.4%, Sarine is the fourth-largest constituent of the Index, after AEM with a 3.0% weight, Sunningdale with a 2.6% weight, and Creative Technology with 2.5% weighting.
As discussed in a Market Update published last week, the FTSE ST Fledgling Index was the best-performing index in the FTSE ST Index series for the 2018 year-to-date and over last 12 months. For the full report, click here.
The table below details the 10 largest constituents of the Fledgling Index, sorted by weight. Click on the stock name to view its profile in StockFacts.
| Name | SGX Code |
Weight % |
Market Cap S$m |
19-Mar Closing Price |
Price Change YTD % |
Price Change 12M % |
Ind Dvd Yld % |
GICS Sub Industry |
|---|---|---|---|---|---|---|---|---|
| AEM Hldgs | AWX | 3.0 | 497 | 7.360 | 119.7 | 485.7 | 1.6 | Semiconductor Equipment |
| Sunningdale Tech | BHQ | 2.6 | 369 | 1.950 | 1.0 | 20.4 | 3.6 | Industrial Machinery |
| Creative Technology | C76 | 2.5 | 493 | 6.550 | 512.1 | 436.9 | N/A | Technology Hardware, Storage & Peripherals |
| Sarine Technologies | U77 | 2.4 | 397 | 1.130 | 13.0 | -38.6 | 4.1 | Industrial Machinery |
| MYP | F86 | 2.1 | 334 | 0.210 | 50.0 | 10.5 | N/A | Real Estate Operating Companies |
| BHG Retail REIT | BMGU | 2.0 | 383 | 0.765 | 3.4 | 13.3 | 7.2 | Retail REITs |
| Tat Hong Hldgs | T03 | 1.8 | 373 | 0.495 | 10.0 | 30.3 | N/A | Trading Companies & Distribution |
| Singapore Reinsurance Corp | S49 | 1.6 | 194 | 0.320 | 1.6 | 3.2 | 4.1 | Reinsurance |
| Raffles Education Corp | NR7 | 1.6 | 260 | 0.245 | 2.1 | 8.9 | N/A | Education Services |
| Sing Investments & Finance | S35 | 1.5 | 247 | 1.570 | 1.3 | 4.0 | 4.5 | Consumer Finance |
| Average | 71.4 | 97.5 | 4.2 |
Source: Bloomberg & SGX StockFacts (Data as of 19 March 2018)
