- On Monday, the FTSE ST Mid Cap Index made an intra-day high of 733.68, before ending the session at 730.98. This represents a price appreciation of 24.5%, with dividends boosting the total return to 30.8% in the year-to-date.
- Next Monday (24 Sep), Neptune Orient Lines will replace GuocoLand in the FTSE ST Mid Cap Index. In the 2012 YTD, Neptune Orient Lines has generated a 4.0% return while GuocoLand returned 5.1%.
- Of the 50 stocks that make up the FTSE ST Mid Cap Index, 46 stocks have generated a return in the YTD, while 4 stocks have declined.
- Current indicative dividend yields of the 46 stocks that distribute dividends range from 0.2% for Fragrance Group to 8.5% for Hutchison Port Trust Holdings.
The FTSE ST Mid Cap Index set a new high for 2012 yesterday at 733.68 before closing at 730.98. This represents a price appreciation of 24.5% from the 587.0 closing price on 30 December 2011. Once taking dividend distributions into account the total return of the Index in the year-to-date stood at 30.8% yesterday.
Following the September review results published last week, Neptune Orient Lines will replace GuocoLand as a constituent of the FTSE ST Mid Cap Index. GuocoLand was omitted from the FTSE ST Indices on liquidity eligibility. These changes will be effective 24 September.
The FTSE ST Mid Cap Index is made up of 50 stocks. The tables below details the year-to-date performances and indicative dividend yields of Neptune Orient Lines, the current 50 constituent stocks of the FTSE ST Mid Cap Index and the 10 stocks that will make up the Mid Cap Index reserve list effective 24 September. Looking at the 61 stocks that maintain some relevancy to the index, 57 stocks have generated a return in the year-to-date while 4 stocks have declined.
Indicative dividend yields of the 46 constituent stocks of the FTSE ST Mid Cap Index that distribute dividends currently range from 0.2% for Fragrance Group to 8.5% for Hutchison Port Trust Holdings. Note Neptune Orient Lines does not currently maintain an indicative dividend yield, thus the number of dividend paying stocks within the FTSE ST Mid Cap Index will decline to 45 stocks effective 24 September.
The ten stocks in the third table represent the reserve list for the FTSE ST Mid Cap Index. These ten stocks are used to replace FTSE ST Mid Cap constituents that become ineligible as a result of corporate actions before the next review. Seven of the ten stocks on the reserve list maintain indicative dividend yields that currently range from 0.1% to 7.4%.
The reserve list is made of Cache Logistics Trust, Cambridge Industrial Trust, CWT Ltd, Ezion Holdings Ltd, Far East Orchard Ltd, Frasers Commercial Trust, Gallant Venture Ltd, HI-P International Ltd, LionGold Corp Ltd and Ascendas Hospitality Trust. Note Ascendas Hospitality Trust debuted on Singapore Exchange (SGX) on 27 July 2012.
| Stock/Trust | SGX Code | Full Market Capitalisation | Price Change (%) | Indicative Div Yield (%) | Total Return YTD (%) |
| Neptune Orient Lines Ltd | N03 |
3,025,479,936 |
4.0 |
NA |
4.0 |
Source: Bloomberg
| Stock/Trust | SGX Code | Full Market Capitalisation | Price Change (%) | Indicative Div Yield (%) | Total Return YTD (%) |
| ARA Asset Management | D1R |
1,229,310,720 |
30.6 |
3.1 |
35.0 |
| Ascendas REIT | A17U |
5,325,375,488 |
30.1 |
5.9 |
37.0 |
| Ascott Residence Trust | A68U |
1,426,959,232 |
26.8 |
7.2 |
36.9 |
| Biosensors International Group | B20 |
2,145,937,280 |
-12.9 |
NA |
-12.9 |
| CapitaCommercial Trust | C61U |
3,962,910,464 |
32.2 |
5.7 |
40.9 |
| CapitaRetail China Trust | AU8U |
990,806,400 |
24.8 |
6.7 |
33.7 |
| CDL Hospitality Trusts | J85 |
1,901,198,976 |
27.2 |
5.8 |
35.3 |
| China Aviation Oil Singapore | G92 |
739,525,760 |
4.1 |
2.0 |
6.0 |
| China Fishery Group Ltd | B0Z |
798,078,272 |
-14.3 |
5.8 |
-10.8 |
| Cosco Corp Singapore Ltd | F83 |
2,239,244,800 |
14.3 |
3.0 |
17.6 |
| Ezra Holdings Ltd | 5DN |
1,178,364,928 |
43.5 |
NA |
43.5 |
| First Resources Ltd | EB5 |
3,437,438,464 |
43.7 |
1.7 |
46.6 |
| Fragrance Group Ltd | F31 |
1,982,399,872 |
87.3 |
0.2 |
96.9 |
| Frasers Centrepoint Trust | J69U |
1,473,527,680 |
24.3 |
5.8 |
30.3 |
| GMG Global Ltd | 5IM |
995,825,792 |
16.1 |
1.7 |
18.1 |
| Guocoland Ltd | F17 |
2,189,095,936 |
5.1 |
2.7 |
5.1 |
| Guocoleisure Ltd | B16 |
848,199,488 |
4.2 |
3.3 |
4.2 |
| Ho Bee Investment Ltd | H13 |
1,010,888,640 |
40.5 |
2.8 |
45.0 |
| Hong Leong Asia Ltd | H22 |
654,339,968 |
11.8 |
3.4 |
15.7 |
| Hutchison Port Holdings Trust | NS8U |
6,313,944,064 |
16.9 |
8.5 |
26.7 |
| Hyflux Ltd | 600 |
1,168,172,160 |
17.4 |
1.0 |
19.7 |
| Indofood Agri Resources Ltd | 5JS |
2,083,335,168 |
14.6 |
0.2 |
14.9 |
| Keppel Land Ltd | K17 |
5,466,629,120 |
59.5 |
5.7 |
69.5 |
| K-REIT Asia | K71U |
3,058,609,920 |
40.4 |
6.5 |
49.4 |
| Lippo Malls Indonesia Retail Trust | D5IU |
971,799,104 |
27.1 |
7.2 |
33.6 |
| M1 Ltd | B2F |
2,462,361,600 |
8.0 |
5.4 |
14.5 |
| Mapletree Commercial Trust | N2IU |
2,150,059,264 |
35.3 |
5.3 |
41.9 |
| Mapletree Industrial Trust | ME8U |
2,265,260,544 |
29.3 |
6.5 |
36.7 |
| Mapletree Logistics Trust | M44U |
2,753,870,848 |
34.3 |
6.0 |
41.7 |
| Mewah International Inc | MV4 |
708,318,848 |
1.1 |
1.3 |
2.9 |
| Osim International Ltd | O23 |
1,023,328,704 |
21.6 |
2.1 |
25.6 |
| Overseas Union Enterprise | LJ3 |
2,374,801,920 |
24.3 |
2.3 |
32.3 |
| Pacific Andes Resources Development Ltd | P11 |
718,648,896 |
-14.1 |
7.3 |
-8.5 |
| Parkway Life REIT | C2PU |
1,173,704,704 |
8.4 |
5.1 |
12.8 |
| Raffles Medical Group Ltd | R01 |
1,278,011,520 |
10.8 |
1.7 |
12.8 |
| Sakari Resources Ltd | AJ1 |
2,126,231,424 |
1.6 |
5.2 |
6.6 |
| SATS Ltd | S58 |
2,973,182,208 |
24.7 |
4.1 |
34.8 |
| Singapore Post Ltd | S08 |
2,068,923,136 |
16.6 |
5.8 |
22.4 |
| SMRT Corp Ltd | S53 |
2,546,600,704 |
-5.4 |
4.5 |
-2.1 |
| Sound Global Ltd | E6E |
728,849,984 |
13.0 |
1.8 |
15.3 |
| Starhill Global REIT | P40U |
1,437,837,056 |
31.0 |
5.8 |
37.4 |
| STX OSV Holdings Ltd | MS7 |
1,929,300,096 |
40.9 |
7.9 |
62.4 |
| Suntec REIT | T82U |
3,297,067,520 |
36.7 |
6.5 |
44.7 |
| Super Group Ltd | S10 |
1,142,971,264 |
55.9 |
2.8 |
60.4 |
| UOL Group Ltd | U14 |
4,267,890,176 |
38.8 |
1.8 |
43.3 |
| Venture Corp Ltd | V03 |
2,217,124,352 |
30.3 |
6.8 |
39.4 |
| Wing Tai Holdings Ltd | W05 |
1,279,721,856 |
73.0 |
1.8 |
73.0 |
| Yangzijiang Shipbuilding Holdings | BS6 |
3,908,718,592 |
12.1 |
5.5 |
18.3 |
| Yanlord Land Group Ltd | Z25 |
2,387,202,048 |
28.3 |
NA |
28.3 |
| Ying Li International Real Estate | 5DM |
735,401,984 |
33.3 |
NA |
33.3 |
Note Ascendas Hospitality Trust returns based on return on offer price of S$0.88
Source: Bloomberg
| Stock/Trust on Reserve List | SGX Code | Full Market Capitalisation | Price Change (%) | Indicative Div Yield (%) | Total Return YTD (%) |
| Cache Logistics Trust | K2LU |
820,749,056 |
23.2 |
6.8 |
30.8 |
| Cambridge Industrial Trust | J91U |
779,271,808 |
35.8 |
7.4 |
44.7 |
| CWT Ltd | C14 |
747,379,264 |
25.8 |
2.0 |
28.3 |
| Ezion Holdings Ltd | 5ME |
1,081,367,296 |
92.4 |
0.1 |
92.6 |
| Far East Orchard Ltd | O10 |
901,371,904 |
86.7 |
1.3 |
96.9 |
| Frasers Commercial Trust | ND8U |
749,919,424 |
57.4 |
5.6 |
63.1 |
| Gallant Venture Ltd | 5IG |
723,744,832 |
25.0 |
NA |
25.0 |
| HI-P International Ltd | H17 |
926,909,568 |
75.2 |
2.3 |
79.8 |
| LionGold Corp Ltd | A78 |
1,052,239,232 |
40.2 |
NA |
40.2 |
| Ascendas Hospitality Trust* | Q1P |
734,733,120 |
4.5 |
NA |
4.5 |
Source: Bloomberg
The FTSE ST Mid Cap Index comprises the next largest listed companies after the 30 constituents of the Straits Times Index (STI). As of the end of August, full market capitalisation of the 50 stocks that comprised the FTSE ST Mid Cap Index amounted to S$100.9 billion, with net market capitalisation amounting to S$58.8 billion. The dividend yield of the FTSE ST Mid Cap Index stood at 4.9% as of end of August.
The FTSE ST Mid Cap Index is a free float adjusted market-capitalisation weighted index representing the performance of the mid-capitalised companies trading on the ST Mainboard, which pass the eligibility screens. These screens consist of size, free float, and liquidity screens.
The Bloomberg and Reuters Code for the FTSE ST Mid Cap Index are FSTM and .FTFSTM respectively.
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