• Singapore's stock market comprises nearly 150 companies with market capitalisation ranging from over S$100 million to under S$1 billion. Excluding S-REITs, this group has averaged daily trading turnover of S$40 million over the past 8 weeks, with Technology stocks contributing S$14 million (35%) of the S$40 million.

• Among the 10 most traded companies of this Mid-to-Small Cap group were four Technology Sector companies: AEM, Frencken, UMS, and CSE Global. UMS and CSE Global also ranked among the 10 Mid-to-Small Cap stocks with the highest net institutional inflow for the period, as did Valuetronics.

• PC Partner, a manufacturer of computer electronics, also achieved the second highest year-to-date price gain among the Mid-to-Small Caps. Expected to report FY24 results by 28 Feb, the Group has provided FY24 guidance, anticipating a net profit attributable of at least HK$250 million, a significant increase from approximately HK$60 million for FY23.

Singapore's stock market includes close to 150 Mid-to-Small-Cap companies with market capitalisations ranging from over S$100 million to under S$1 billion. More than half the companies represent the Industrials, Consumer Cyclicals and Real Estate (Ex REITs) Sectors.

Together this group of close to 150 companies (excluding S-REITs) has seen S$40 million of average daily trading turnover (ADT) over the past 8 weeks. The sectors which saw the most average daily trading turnover included Technology, Industrials and Energy. The same companies booked S$43 million in average daily trading turnover across the 2024 year.

SGX Mid-to-Small-Cap Companies - Most Traded

The 10 most traded companies among the Mid-to-Small Cap group for the 2025 year to 25 February contributed 60% of the turnover. As detailed in the table below, the 10 included as many four companies representing the Technology Sector. These were AEM Holdings, Frencken Group, UMS Integration and CSE Global. You may click on the column header to sort the data accordingly.

Source: SGX & Refinitiv.

SGX Mid-to-Small-Cap Companies - Most Bought By Institutions

UMS Integration and CSE Global also ranked among the 10 stocks of the Mid-to-Small Cap group that booked the highest net institutional inflow for the 2025 year to 25 February. Another Technology stock, Valuetronics also ranked among the 10 stocks that booked the highest net institutional inflow over the period.

Source: SGX & Refinitiv.

SGX Mid-to-Small-Cap Companies - Best Performers

From a performance perspective, another Technology stock among the group of stocks, PC Partner has generated the second highest price gain for the 2025 year through to the close today. The 72.6% price gain brings its share price to S$1.51. Note the price gain of SLB Development of 73.1% has been on the back of a proposed privatisation by way of a scheme of arrangement. OKP Holdings rallied 22.8% on 26 February to S$0.485 on its 2HFY24 (ended 31 Dec) net profit attributable rising 143% from 2HFY23 to S$21.8 million.

The 10 strongest performers over the past 8 weeks among the group of Mid-to-Small Cap stocks are tabled below. You may click on the column header to sort the data accordingly.

Source: SGX & Refinitiv.

Rex International expects net loss for FY24

Rex International has outpaced most oil & gas exploration and production companies since early February while also reversing its underperformance to global peers over the previous 13 months. From 31 December, 2023 to 31 January, 2025, Rex International declined 23.5% in SGD terms while the S&P Oil & Gas Exploration & Production Select Index gained 0.7% in USD terms. The comparative performances from 31 December 2023 through to 25 February, 2025 have since converged to -1.3% in USD terms for the Index and -1.6% in SGD terms for Rex International.

Note on 20 February, Rex International provided guidance that it expects to report a net loss for its FY24 (ended 31 Dec). It added that based on the preliminary review of its draft unaudited consolidated financial results for FY24, the Group expects losses mainly due to non-cash items related to impairment of goodwill, oil and gas properties and exploration and evaluation assets.

PC Partner Group's Strategic Expansion in Southeast Asia

PC Partner Group is expected to report its FY24 results by 28 February. On 13 February, the leading manufacturer of computer electronics provided FY24 guidance that it expects to report a net profit attributable of at least HK$250 million, compared to approximately HK$60 million for its FY23. This is attributed to an improved gross profit margin from strong demand for the new series of video graphics cards launched in early 2024, and reduced spending on sales and marketing promotions as demand for video graphics cards improved from the previous year. Investors will also be looking for an update on the Group’s strategy to expand its footprint in the Southeast Asian region, including moving its global headquarters to Singapore and the set-up of new manufacturing facility in Batam, Indonesia.

On 20 December, the shareholders of PC Partner Group voted to convert the company's secondary listing status on SGX to a primary listing. The Group noted last year the Singapore headquarters would serve as the principal place for decision-making, directing, controlling, and coordinating all business and operational activities. As one of the Group’s founders, PC Partner Group Chairman and CEO Tony Wong Shik Ho has actively managed the Group since its inception. He takes charge of strategic planning and corporate development with the assistance of the other Executive Directors. The VGA Cards segment comprised 83% of the 1HFY24 revenue, with management highlighting the industry continues experiencing a steady growth, propelled by increasing demand from both the gaming and industrial sectors. The Group also launched a new product line of GPU servers designed specifically for AI and machine learning applications last year to capture the fast growing opportunities, while also developing other products such as handheld PCs and medical-grade computers to diversify the product lines.

SGX Mid-to-Small-Cap Companies - The Complete List

The full list of the Mid-to-Small Cap companies, sort by highest year-to-date average daily turnover are tabled below. You may click on the column header to sort the data accordingly.

Source: SGX & Refinitiv.