SGX Market Updates

SGX's New Listings Take Centre Stage On First Day Of 2021


04 January 2021

  • Market participants have ushered in the first session of 2021 with 8% average gains for Singapore’s 3 newest SGX Mainboard-listed stocks – GHY Culture & Media, Credit Bureau Asia and Nanofilm Technologies International. The trio also ranked highly in today’s most active stocks by turnover.

  • Today’s gains brought the trio’s average returns since their respective debuts to 49%. The 3 stocks debuted on the SGX Mainboard between 30 Oct and 18 Dec and attracted significant investor interest with the retail offers for Nanofilm Technologies 31x subscribed, Credit Bureau Asia 61x subscribed and GHY Culture & Media 16x subscribed.

  • Combined the 3 stocks maintain a market capitalisation of S$4.2 billion, with Nanofilm Technologies now a top 5 weighting of the FTSE ST Small Cap Index. Nanofilm Technologies has also closed the session for the first time since 30 Oct with a market value above S$3 billion.

Singapore’s 3 most recent companies to list on the SGX Mainboard began 2021 amongst the strongest performing stocks of the most actives, with average gains of 8.3%. For much of the session, Nanofilm Technologies International was amongst the most active 10 stocks by turnover, Credit Bureau Asia amongst the 20 most active stocks by turnover with GHY Culture & Media among the top 50 stocks by turnover.

Within the top 50 actives today, GHY Culture & Media’s gain of 11.8% placed it as the best performer, while Nanofilm Technologies International’s 7.7% gain placed it as the fourth best performer (after First REIT and iFAST) and Credit Bureau Asia was ranked the eighth best performer. This has brought their average total return since the respective debuts to 48.9%, as illustrated below.

Price Gain of SGX Latest IPOs

Nanofilm Technologies International joined the FTSE ST Small Cap Index with a 5% weighting on 21 December, placing it among the top 5 weights of the Index. Today, Nanofilm Technologies closed the session for the first time since 30 Oct with a market value above S$3 billion, at S$3.1 billion.

The 3 stocks debuted on the SGX Mainboard between 30 Oct and 18 Dec and attracted significant investor interest with the retail/public offers for Nanofilm Technologies International 31x subscribed, Credit Bureau Asia 61x subscribed and GHY Culture & Media 16x subscribed.

For Market Updates specific to each of the new debutants, see :

GHY Culture & Media (SGX:XJB)

GHY Culture & Media was the most recent of the trio to list, on 18 December. The Chinese company is a leading player in the media and entertainment industry. The company specialises in the production and promotion of dramas, films and concerts in the Asia-Pacific region, including the PRC, Singapore, Malaysia and Australia. The group raised over S$100 million from 10 cornerstone investors that included Epical Entertainment, Hong Kong Chixin Investment, ICH Capital, iQIYI International, King Kong Media Production, Mr. Ron Sim, Songful Global Investment, Qilin Asset Management, V3 Brands and Yinson Capital.

Credit Bureau Asia (SGX:TCU)

Credit Bureau Asia listed on 3 December and provides credit and risk information solutions to an extensive client base of banks, financial institutions, multinational corporations, government bodies and public agencies across Singapore, Malaysia, Cambodia and Myanmar. It’s four cornerstone investors included Aberdeen Standard Investments (Asia); Affin Hwang Asset Management; Eastspring Investments (Singapore) and Tokyo Shoko Research with Institutional investors including Lion Global Investors, Albizia Capital and New Silk Road Investment.

Nanofilm Technologies International (SGX:MZH)

Upon listing, Nanofilm Technologies International also commanded a valuation that was in line with the global tech leaders, with the recent milestones also reinforcing the competitiveness of both Singapore's primary and secondary market. Nanofilm’s listing is also testament to the supportive economic ecosystem in Singapore for tech startups. Nanyang Technological University's Shi Xu founded NTI in 1999 with US$300,000. It started as a tech start-up spun off from Singapore's NTU, where he worked as an associate professor. The business grew throughout the years with the support of the Singapore government and investors. For instance, in 2015, the business developed its proprietary coating and coating systems through R&D with the help of SPRING Singapore's Capability Development Grant. In 2016, OCBC and Lion-OCBC Capital Asia I Holding made an equity investment and in 2018, a group of Heliconia and UOB managed private equity funds, and EDB Investments subscribed to the firm's convertible notes. NTI now supports over 300 customers across multiple industries such as Microsoft, Huawei, Canon, Sunny Optical and Customer Z which is its largest customer contributing to more than 50 per cent of its revenue for its 1HFY20. Customer Z's name has not been identified due to confidentiality restriction agreements, but is known to be a global technology company that designs, develops and sells consumer electronics, computer software and online services.

This article is provided by SGX My Gateway.

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