SGX Market Updates

FTSE ST Fledgling Index’s Five Best-Performing New Constituents Avg 21% YTD Gain


PUBLISHED ON |

20 March 2018

  • 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)







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