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SGX Research: Fledgling Index’s Five Best-Performing New Constituents Avg 21% YTD Gain
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 $25.7 billion.
In the 2018 year-to-date, the five best-performing inclusions to the FTSE ST Fledgling Index were: APAC Realty (36%), Blumont Group (33.3%), Cityneon Holdings (14.4%), Sarine Technologies (13%) and Debao Property Development (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 Holdings (3% weight), Sunningdale Tech (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 $117 million. The combined market capitalisation of the Index stands at $25.7 billion.
In FTSE’s latest semi-annual review of its ST Index series, 20 constituent stocks were added to the FTSE ST Fledgling Index, while eight were removed. For detailed changes to the constituents of the FTSE ST Fledgling Index that took effect on 19 March, click here.
Index Inclusions | Index Exclusions | |
Sarine Technologies | Fu Yu Corporation | Tianjin Zhongxin Pharmaceutical Group |
TPV Technology | Blumont Group | China Sunsine Chemical Holdings |
APAC Realty | Sinostar PEC Holdings | United Overseas Insurance |
AnAn International | Trek 2000 International | SingHaiyi Group |
Kingboard Copper Foil Holdings | Avi-Tech Electronics | Hiap Hoe |
Cityneon Holdings | CSC Holdings | Hong Leong Asia |
MindChamps PreSchool | Vicplas International | BRC Asia |
Serial System | First Ship Lease Trust | ISR Capital |
Hiap Seng Engineering | China Jishan Holdings | |
Debao Property Development | Enviro-Hub Holdings | |
Best-Performing New Constituents
In the 2018 year-to-date, the five best-performing inclusions to the FTSE ST Fledgling Index were: APAC Realty (36%), Blumont Group (33.3%), Cityneon (14.4%), Sarine Technologies (13%) and Debao Property Development (8.7%). This brings their average price gain to 21.1% over the period.
The table below details the 20 constituents added to the FTSE ST Fledgling Index, effective 19 March 2018, sorted by YTD performance. Click on the stock name to view its profile in StockFacts.
Name | SGX Code | Market Cap S$M | 19 March Closing Price | Price Change YTD % | Price Change 12M % | Total Return YTD % | Total Return 12M % | GICS Sub Industry |
CLN | 423 | 1.190 | 36.0 | 80.3* | 36.0 | N/A | Real Estate Services | |
A33 | 110 | 0.004 | 33.3 | 0.0 | 33.3 | 0.0 | Diversified Support Services | |
5HJ | 262 | 1.070 | 14.4 | 32.1 | 14.4 | 32.1 | Diversified Support Services | |
U77 | 397 | 1.130 | 13.0 | -38.6 | 13.0 | -36.3 | Industrial Machinery | |
BTF | 15 | 0.200 | 8.7 | -33.3 | 8.7 | -24.5 | Real Estate Development | |
569 | 53 | 0.106 | 7.1 | -15.2 | 7.1 | -9.2 | Health Care Equipment | |
BKY | 86 | 0.505 | 6.3 | 38.4 | 6.3 | 46.5 | Semiconductors | |
S69 | 154 | 0.172 | 4.9 | 3.0 | 4.9 | 5.7 | Technology Distributors | |
F13 | 145 | 0.193 | 2.7 | -10.2 | 2.7 | -3.8 | Industrial Machinery | |
D8DU | 58 | 0.091 | 1.1 | -33.6 | 1.1 | -33.6 | Specialized Finance | |
CNE | 191 | 0.790 | 0.6 | -4.8 | 0.6 | N/A | Education Services | |
5AB | 84 | 0.260 | -3.7 | 39.8 | -3.7 | N/A | Technology Hardware, Storage & Peripherals | |
510 | 38 | 0.124 | -6.8 | -29.1 | -6.8 | -26.6 | Oil & Gas Equipment & Services | |
K14 | 246 | 0.340 | -9.3 | -18.1 | -9.3 | -18.1 | Commodity Chemicals | |
C06 | 55 | 0.025 | -10.7 | 13.6 | -10.7 | 13.6 | Construction & Engineering | |
L23 | 39 | 0.038 | -13.6 | -26.9 | -13.6 | -26.9 | Diversified Metals & Mining | |
T18 | 462 | 0.197 | -14.3 | -24.2 | N/A | N/A | Technology Hardware, Storage & Peripherals | |
C9Q | 118 | 0.185 | -15.9 | -9.8 | -15.9 | -7.8 | Oil & Gas Refining & Marketing | |
J18 | 36 | 0.120 | -17.2 | 140.0 | -15.5 | 140.0 | Textiles | |
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 September 2017 listing date
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 Technologies, 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 Technologies is the fourth-largest constituent of the Index, after AEM Holdings with a 3% weight, Sunningdale Tech 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 March Closing Price | Price Change YTD % | Price Change12M % | Dvd Ind Yld % | GICS Sub Industry |
AWX | 3.0 | 497 | 7.360 | 119.7 | 485.7 | 1.6 | Semiconductor Equipment | |
BHQ | 2.6 | 369 | 1.950 | 1.0 | 20.4 | 3.6 | Industrial Machinery | |
C76 | 2.5 | 493 | 6.550 | 512.1 | 436.9 | N/A | Technology Hardware, Storage & Peripherals | |
U77 | 2.4 | 397 | 1.130 | 13.0 | -38.6 | 4.1 | Industrial Machinery | |
F86 | 2.1 | 334 | 0.210 | 50.0 | 10.5 | N/A | Real Estate Operating Companies | |
BMGU | 2.0 | 383 | 0.765 | 3.4 | 13.3 | 7.2 | Retail REITs | |
T03 | 1.8 | 373 | 0.495 | 10.0 | 30.3 | N/A | Trading Companies & Distribution | |
S49 | 1.6 | 194 | 0.320 | 1.6 | 3.2 | 4.1 | Reinsurance | |
NR7 | 1.6 | 260 | 0.245 | 2.1 | 8.9 | N/A | Education Services | |
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)
This article was originally published on SGX.
