The full list of indices is shown in Appendix 1.
STRAITS TIMES INDEX (STI)
The revamped STI will comprise 30 blue-chip companies on the SGX Mainboard ranked by market capitalisation as at 31 August 2007, which have passed the selection criteria outlined below.
The constituents of the revamped STI are shown in Appendix 2.
In line with FTSE’s international methodology, these companies have been included based on the following criteria:
1. Free Float. The free float of a listed company must be greater than 15%. The definition of “free float” includes portfolio investments, nominee holdings and holdings by investment companies.
FTSE ST INDEX SERIES
Similar to the revamped STI, the 18 indices in the FTSE ST Index Series – including the FTSE ST Mid Cap and Small Cap indices - are based on the above two criteria (i.e. free float and liquidity).
The FTSE ST Index Series includes 13 industrial and sub-sector indices. These are built in accordance with the rules that govern the globally renowned Industry Classification Benchmark (ICB) system.
In addition, a China-theme index has been created to reflect the increasing significant representation of mainland China stocks in the Singapore market. The FTSE ST China Index, comprises top-ranking mainland China stocks on SGX, will facilitate cross-border analysis and comparison.
The constituents of the FTSE ST Mid Cap, Small Cap and China Index are listed in Appendix 3.
To qualify for inclusion in any index, except the FTSE ST Fledgling Index, the market capitalisation of a listed company must fall within the top 98% by full market capitalisation of all SGX Mainboard companies.
The FTSE ST Fledgling Index includes all the other qualifying companies comprising the last 2% by full market capitalisation. These stocks are not screened for stock liquidity.
GROUND RULES
The constituents of the STI and the new FTSE ST Index Series will be reviewed semi-annually in accordance with a set of publicly available Ground Rules which can be accessed via www.ftse.com/st.
An advisory committee comprising of market practitioners, and/or representatives from SPH, SGX and FTSE will be formed to undertake the reviews. The first review is scheduled for September 2008.
TRIAL VALUES
Trial values of the revamped Straits Times Index (STI) and the other 18 new indices will be made available on the FTSE website from Monday, 8 October 2007.
The trial values are meant to facilitate technical testing and do not replace the current STI values. The trial period will allow market participants to familiarize themselves with the workings of the revamped STI and FTSE ST Index Series ahead of the official launch in January 2008.
The revamped STI and the new FTSE ST Index Series will stimulate development of index-related products to serve diverse market needs. This in turn offers investors wider investment choices and opportunities in the Singapore market. With the availability of more indices, more listed companies can expect to be included in an index and achieve higher visibility with international fund managers and investors.
The indices should also result in more active trading of Singapore-listed stocks and this is instrumental in creating a more vibrant Singapore securities market.
Mr Hsieh Fu Hua, Chief Executive Officer of SGX, said: "The market will welcome the new 30-stock STI as the revamped index represents and facilitates more efficient management and trading in blue chip stocks. Of the 18 new indices, we expect the China index to be of particular interest to investors as it represents our universe of China stocks."
Mr Alan Chan, Chief Executive Officer of SPH, added: “SPH is delighted to partner SGX and the FTSE Group in this venture. The Straits Times Index has been the main benchmark of the Singapore market for more than four decades. The revamp of the STI will ensure that it remains the market benchmark for many more decades to come, supplemented by a whole new family of FTSE ST Indexes.”
Mr Donald Keith, Deputy Chief Executive of FTSE Group, said: “FTSE is committed to developing a viable family of indices, using our long standing expertise in international indexing, to further boost Singapore’s standing among international financial index investors. The trial index calculation period is an important element in the transition process and adds transparency for market users.”
For details of the ground rules, trial values and constituent lists, please visit to SPH and FTSE websites at: www.ftse.com/st and www.straitstimes.com/stindex
-End-
About Singapore Press Holdings Ltd
Newspapers and Magazines
Main board-listed Singapore Press Holdings Ltd (SPH) is the leading media company in Singapore, delivering news and information through print, Internet and broadcasting platforms. In Singapore, it publishes 14 newspapers in four languages. Every day, 2.7 million individuals or 83 percent of people above 15 years old, read one of SPH's news publications. SPH also publishes over 90 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 110 million pageviews with 7 million unique visitors every month. Apart from SPH AsiaOne portal, SPH’s online and new media initiatives include a revolutionary mobile advertising and information service, ZapCode; recruitment and job search service, ST701; and STOMP (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Web and via mobile phone messaging.
Broadcasting
SPH has a 20 percent stake in MediaCorp TV Holdings Pte Ltd, which operates free-to-air channels 5, 8, U and TV Mobile, and a 40 percent stake in MediaCorp Press Pte Ltd, which publishes the free newspaper, Today. In the radio business, SPH has a 80 percent stake in SPH UnionWorks Pte Ltd, which operates entertainment stations Radio 100.3 FM in Mandarin and Radio 91.3 FM in English.
Outdoor Advertising
In addition, SPH has ventured into outdoor advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte Ltd, Singapore’s largest outdoor motion display advertising network media company, and a 35 percent stake in TOM Outdoor Media Group, a leading outdoor advertising company in China.
Properties
SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore's main shopping belt. SPH's wholly-owned subsidiary, Times Development Pte Ltd, is also developing a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.
Visit www.sph.com.sg for more information on SPH.
About Singapore Exchange Limited
Singapore Exchange Limited (SGX) is Asia-Pacific’s first demutualised and integrated securities and derivatives exchange.
SGX was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions – the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX).
On 23 November 2000, SGX became the first exchange in Asia-Pacific to be listed via a public offer and a private placement. Listed on its own bourse, the SGX stock is a component of benchmark indices such as the MSCI Singapore Free Index and the Straits Times Index.
For more information, please visit SGX website: www.sgx.com.
About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg, London, Madrid, NASDAQ and Taiwan exchanges, as well as Nomura Securities and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.
FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.
Appendix 1
1. The revamped Straits Times Index - comprising the top 30 SGX Mainboard listed companies selected by full market capitalisation. The STI will be complemented by a new family of 18 FTSE ST indices.
FTSE ST Index Series
1. FTSE ST Mid Cap Index - comprising the next 50 SGX Mainboard listed companies by full market capitalisation;
2. FTSE ST Small Cap Index - comprising the remaining companies within the top 98 per cent by full market capitalisation of the SGX Mainboard;
3. FTSE ST All Share Index - comprising all companies within the top 98 per cent by full market capitalisation of the SGX Mainboard universe (i.e. large cap, mid cap and small cap indices combined);
4. FTSE ST Fledgling Index - All companies that are too small to be included within the FTSE ST All Share Index.
Sector Indices
2. FTSE ST Basic Materials Sector Index
3. FTSE ST Industrials Sector Index
4. FTSE ST Consumer Goods Sector Index
5. FTSE ST Healthcare Sector Index
6. FTSE ST Consumer Services Sector Index
7. FTSE ST Telecommunications Sector Index
8. FTSE ST Utilities Index
9. FTSE ST Financials Sector Index
10. FTSE ST Technology Sector index
11. FTSE ST Real Estate Index
12. FTSE ST Real Estate Holding and Development
13. FTSE ST Real Estate Investment Trusts
Theme Index
1. FTSE ST China Index
Revamped STI starting constituents for 8 October 2007 (30 constituents)
| CAPITALAND |
| CAPITAMALL TRUST |
| CITY DEVELOPMENTS |
| COSCO CORP SINGAPORE |
| DBS GROUP HOLDINGS |
| FRASER AND NEAVE |
| GENTING INTERNATIONAL |
| HONG KONG LAND |
| JARDINE CYCLE & CARRIAGE |
| JARDINE STRATEGIC |
| KEPPEL CORP |
| KEPPEL LAND |
| NEPTUNE ORIENT LINES |
| NOBLE GROUP |
| OLAM INTERNATIONAL |
| OVERSEAS CHINESE BANKING |
| SEMBCORP INDUSTRIES |
| SEMBCORP MARINE |
| SIA ENGINEERING |
| SINGAPORE AIRLINES |
| SINGAPORE EXCHANGE |
| SINGAPORE PRESS HOLDINGS |
| SINGAPORE TECHNOLOGIES ENGINEERING |
| SINGAPORE TELECOM |
| STARHUB |
| THAI BEVERAGE |
| UNITED OVERSEAS BANK |
| WILMAR INTERNATIONAL |
| YANGZIJIANG SHIPBLDG HLDGS |
| YANLORD LAND GROUP |
Appendix 3
FTSE ST Mid Cap Index starting constituents for 8 October 2007 (50 constituents)
| ALLGREEN PROP | LABROY MARINE |
| ASCENDAS REAL ESTATE INVESTMENT TRUST | MACQUARIE INTERNATIONAL INFRASTRUCTURE FUND |
| ASCOTT GROUP | MANDARIN ORIENT |
| BANYAN TREE HOLDINGS | MAPLETREE LOGISTICS TRUST |
| CAPITACOMMERCIAL TRUST | MOBILEONE |
| CDL HOSPITALITY TRUSTS | PARKWAY HOLDINGS |
| CEREBOS PACIFIC LTD | PEOPLE'S FOOD HOLDINGS |
| CHARTERED SEMICONDUCTOR | RAFFLES EDUCATION CORP |
| CHINA AVIATION OIL SINGAPORE CORP | SINGAPORE AIRPORT TERMINAL SERVICES |
| CHINA ENERGY | SINGAPORE LAND |
| CHINA HONGXING SPORTS | SINGAPORE PETROLEUM |
| CHINA SKY CHEMICAL FIBRE | SINGAPORE POST |
| COMFORTDELGRO CORP | SMRT CORP |
| DELONG HOLDINGS | STATS CHIPPAC |
| EZRA HOLDINGS | STRAITS ASIA RESOURCES |
| GALLANT VENTURE | STRAITS TRADING |
| GUOCOLAND | STX PAN OCEAN |
| HAW PAR CORPORATION | SUNTEC REIT |
| HO BEE INVEST | SYNEAR FOOD HOLDINGS |
| HONG LEONG FINANCE | UNITED TEST AND ASSEMBLY CENTER |
| HOTEL PROPERTIES | UOL GROUP |
| HYFLUX | UTD INDUSTRIAL CORP |
| INDOFOOD AGRI RESOURCES. | VENTURE CORP |
| JAYA HOLDINGS | WHEELOCK PROPERTIES |
| KEPPEL TELECOM | WING TAI HOLDINGS |
FTSE ST Small Cap Index starting constituents for 8 October 07 (195 constituents)
| BEYONICS TECH | FIBRECHEM TECHNOLOGIES |
| BH GLOBAL MARINE | FINANCIAL ONE CORP. |
| BIO-TREAT TECHNOLOGY | FIRST REAL ESTATE INVESTMENT TRUST |
| BIOSENSORS INTERNATIONAL GROUP | FIRST SHIP LEASE TRUST |
| BONVESTS HOLDINGS | FOOD EMPIRE HOLDINGS |
| BRIGHT WORLD PRECISION | FORELAND FABRICTECH HLDGS |
| BUKIT SEMBAWANG ESTATES | FRASERS CENTREPOINT TRUST |
| C & O PHARMACEUTICAL TECHNOLOGY HOLDINGS | FREIGHT LINKS EXPRESS HOLDINGS |
| C&G INDUSTRIAL HOLDINGS | FU YU CORP LTD |
| CAMBRIDGE INDUSTRIAL TRUST | FULL APEX (HOLDINGS) |
| CAPITARETAIL CHINA TRUST | FUNG CHOI PRINTING & PACKAGING GROUP |
| CELESTIAL NUTRIFOODS | GEMS TV HOLDINGS |
| CENTILLION ENVIRONMENT & RECYCLING | GLOBAL TESTING |
| CH OFFSHORE | GOODPACK |
| CHEMOIL ENERGY | GUANGZHAO INDUSTRIAL FOREST BIOTECHNOLOGY GROUP |
| CHINA ANGEL FOOD | GUTHRIE GTS . |
| CHINA AUTO | HEETON HOLDINGS |
| CHINA DAIRY GROUP | HERSING REALTY |
| CHINA ESSENCE GROUP | HG METAL MANUFACTURING |
| CHINA FARM EQUIPMENT LIMITED | HI-P INTERNATIONAL |
| CHINA FLEXIBLE PACKAGING HOLDINGS | HIAP HOE |
| CHINA KANGDA FOOD | HIAP SENG ENGINEERING |
| CHINA LIFESTYLE FOOD AND BEVERAGES GROUP | HLG ENTERPRISE |
| CHINA MERCHANTS HLDGS(PACIFIC) | HONG FOK CORP |
| CHINA MILK PRODUCTS GROUP | HONG LEONG ASIA |
| CHINA SPORTS INTL | HONGGUO INTERNATIONAL HOLDINGS |
| CHINA SUN BIO-CHEM TECHNOLOGY GROUP CO | HOR KEW CORP . |
| CHINA SUNSINE CHEM HLDGS | HOTEL GRAND CENTRAL |
| CHINA WHEEL HOLDINGS | HOTEL PLAZA |
FTSE ST Small Cap Index starting constituents for 8 October 07 (195 consituents)
| LMA INTERNATIONAL N.V. | SP CHEMICALS |
| LONGCHEER HOLDINGS | SSH |
| LOTTVISION | STAMFORD LAND CORP |
| LOW KENG HUAT (SINGAPORE) | SUNNINGDALE TECH |
| LUM CHANG HOLDINGS | SUNSHINE HOLDINGS |
| LUZHOU BIO-CHEM TECHNOLOGY | SUNVIC CHEMICAL HOLDINGS |
| MACARTHURCOOK INDUSTRIAL REIT | SUPER COFFEEMIX MANUFACTURING |
| MACQUARIE MEAG PRIME REIT | SWIBER HOLDINGS |
| MAN WAH HOLDINGS | TAI SIN ELECTRIC CABLES MANUFACTURER |
| MANHATTAN RESOURCES | TAT HONG HOLDINGS |
| MEDIARING . | TIONG WOON CORP. HOLDING |
| MEIBAN GROUP | TT INTERNATIONAL |
| MEMTECH INTERNATIONAL | TUAN SING HOLDINGS |
| METRO HOLDINGS | UMS HOLDINGS |
| MIDAS HOLDINGS | UNISTEEL TECHNOLOGY |
| MIDSOUTH HOLDINGS | UNITED ENGINEERS |
| NATSTEEL | UNITED FIBER SYSTEM |
| NERA TELECOMMUNICATIONS | UNITED FOOD HOLDINGS |
| ORCHARD PARADE HOLDINGS | VICOM |
| OSIM INTERNATIONAL | XPRESS HOLDINGS . |
| OUHUA ENERGY HOLDINGS | YELLOW PAGES (SINGAPORE) |
| PACIFIC ANDES HOLDINGS | YHI INTERNATIONAL |
| PACIFIC CENTURY REGIONAL DEVELOPMENTS | YOMA STRATEGIC HOLDINGS |
| PACIFIC SHIPPING TRUST | YONGNAM HOLDINGS |
| PAN HONG PROPERTY GROUP | |
| PINE AGRITECH | |
| PT BERLIAN LAJU TANKER TBK | |
| QAF | |
| R H ENERGY |
FTSE ST China Index starting constituents for 8 October 07 (50 constituents)
| ASIA DEKOR HOLDINGS | CHINA XLX FERTILISER . |
| ASIA ENVIRONMENT HOLDINGS | CHINA YUANBANG PROP HLDGS |
| ASIAPHARM GROUP | CHT (HOLDINGS) . |
| BIO-TREAT TECHNOLOGY | COSCO CORPORATION (S) |
| BRIGHT WORLD PRECISION MAC | DELONG HOLDINGS |
| C & O PHARM TECH (HLDGS) | EPURE INTERNATIONAL |
| C&G INDUSTRIAL HOLDINGS | FIBRECHEM TECHNOLOGIES |
| CELESTIAL NUTRIFOODS | FULL APEX (HOLDINGS) |
| CHINA ANGEL FOOD | GUANGZHAO IND FOREST BIOGRP |
| CHINA AVIATION OIL(S) CORP | HONGGUO INTL HOLDINGS |
| CHINA DAIRY GROUP | JIUTIAN CHEMICAL GROUP |
| CHINA ENERGY | LONGCHEER HOLDINGS |
| CHINA ESSENCE GROUP | LUZHOU BIO-CHEM TECHNOLOGY |
| CHINA FARM EQUIPMENT | MEMTECH INTERNATIONAL |
| CHINA FLEXIBLE PACK HLDG | MIDSOUTH HOLDINGS |
| CHINA HONGXING SPORTS | OUHUA ENERGY HOLDINGS |
| CHINA KANGDA FOOD COMPANY | R H ENERGY |
| CHINA LIFESTYLE F&B GROUP | SHANGHAI ASIA HOLDINGS |
| CHINA MERCHANTS HLDGS(PACIFIC) | SIHUAN PHARMA HLDGS GROUP |
| CHINA MILK PRODUCTS GROUP | SINO TECHFIBRE |
| CHINA SKY CHEM FIBRE CO | SINO-ENVIRONMENT TECH GRP |
| CHINA SPORTS INTL | SUNSHINE HOLDINGS |
| CHINA SUN BIOCHEM TECH GP CO. | SUNVIC CHEMICAL HOLDINGS |
| CHINA SUNSINE CHEM HLDGS | SYNEAR FOOD HOLDINGS |
| CHINA WHEEL HOLDINGS | YANGZIJIANG SHIPBLDG HLDGS |
