With effect from this week, more than a dozen stocks were added to the FTSE ST Catalist Index. Two of these entrants  – UnUsUaL and Kimly – now maintain the highest and second highest weights within the Index.

UnUsUaL was listed in April 2017, has gained 137.5% from its initial offer price and maintains a 6% weight in the Index. Kimly was listed in March 2017, has gained 46% from its initial offer price and maintains a 5% weight in the Index.

Aspen (Group) Holdings, which listed in July 2017, is now the fifth biggest weight of the FTSE ST Catalist Index. The stock is trading at its initial offer price and reported 2QFY17  net profit attributable to shareholders of RM13.4 million, a reversal from the net loss position a year ago.

Singapore Exchange (SGX) has two trading boards: the Mainboard – which typically lists larger stocks, and the Catalist Board – which provides investors access to 197 smaller-sized, yet potentially fast-growing companies. The largest capitalised stocks listed on the Catalist Board are TalkMed Group with full market capitalisation of S$775 million, Kimly with full market capitalisation of S$428 million and Jumbo Group, with full market capitalisation of S$343 million.

There is no quantitative entry criteria required by SGX for Catalist stocks, and companies seeking a primary listing on Catalist must be brought to list by approved Sponsors.

FTSE ST Catalist Index – New Entrants

There are currently 185 stocks that make up the FTSE ST Catalist Index, which is used as a broad tracking tool for the performance of Catalist-listed stocks.

Following the rebalance of the FTSE ST Indices, which came into effect on Monday 18 September, as many as 14 of these 185 stocks were added to the FTSE ST Catalist Index. No stocks were excluded from the FTSE ST Catalist Index rebalance. The 14 stocks have averaged a 16.5% price gain in the year-to-date, with more than half of these stocks listing in 2017. The Consumer Discretionary Sector added the most stocks to the Index in this recent rebalance with Kimly, UnUsUaL, Y Ventures Group, Shopper360 and Chaswood Resources Holdings.

These 14 stocks are tabled below. Click on the stock names below to see the full profile in SGX StockFacts.

Name SGX Code Market Cap S$M Price S$ Price Change 2016 % Price Change YTD % GICS Sector
Kimly* 1D0 428 0.370 N/A 46.0 Consumer Discretionary
UnUsUaL* 1D1 306 0.470 N/A 137.5 Consumer Discretionary
Aspen Group Hldgs* 1F3 195 0.230 N/A 0.0 Real Estate
Sanli Environment* 1E3 81 0.290 N/A 31.1 Industrials
Aoxin Q & M Dental Group* 1D4 80 0.210 N/A 5.0 Health Care
Emerging Towns & Cities 1C0 79 0.080 64.0 0.0 Real Estate
Ley Choon Group Hldgs Q0X 56 0.050 -25.0 113.5 Industrials
Union Gas Hldgs* 1F2 50 0.250 N/A -2.0 Utilities
Y Ventures Group* 1F1 49 0.240 N/A 9.1 Consumer Discretionary
Shopper360* 1F0 31 0.270 N/A -6.9 Consumer Discretionary
China Star Food Group 42W 21 0.090 -65.2 -55.2 Consumer Staples
Singapore Kitchen Equipment 5WG 21 0.140 -37.9 60.9 Industrials
ES Group Hldgs 5RC 5 0.040 -15.0 -65.7 Industrials
Chaswood Resources Hldgs 5TW 3 0.010 -57.8 -42.1 Consumer Discretionary
Median       -31.4 2.5
Average       -22.8 16.5

*Stocks were listed in 2017 &YTD Price Change from initial offer price. Source: SGX Stockfacts and Bloomberg (Data as of 20 September 2017)

UnUsUaL was listed in April 2017, has gained 137.5% from its initial offer price and maintains a 6% weight in the FTSE ST Catalist Index. Kimly was listed in March 2017, has gained 46% from its initial offer price and maintains a 5% weight in the Index.

On 1 August, UnUsUaL reported that Group revenue for its 1QFY18 increased by approximately S$3.9 million or 166.2% year-on-year (“YoY”) to S$6.2 million. The increase was due mainly to the promotion segment and production segment which increased by S$2.8 million and S$1.7 million respectively. For more details click here.

As noted in the Market Update – Biggest Hotel, Restaurant & Leisure Stocks Extend Average YTD Gain to 20% (click here), Kimly was the first coffee shop operator to list on SGX. On 7 August, Kimly reported its 3QFY17 revenue rose to S$47.9 million, up 8.5% YoY from 3QFY16. The company noted however that its 3QFY17 gross profit slipped 6.7% to S$8.8 million from S$9.5 million in 3QFY16, due to an increase in staff costs and operating leases as the Group expands its operations. For more details click here.

Aspen (Group) Holdings, which listed in July 2017, maintains a 3% weight in the Index. Aspen (Group) Holdings together with its subsidiaries are a Malaysia-based property development group. The Group is focused on developing affordable residential and mixed development properties at strategic locations with quality infrastructure and amenities which target middle-income mass market purchasers.  On 7 September, the Group announced it had achieved net profit attributable to shareholders of RM13.4 million for its 2QFY17, a reversal from the net loss position a year ago. For more details click here.

FTSE ST Catalist Index – Biggest Index Weights

The 10 current biggest weights of the FTSE ST Catalist Index account for 33.1% of the Index weight and have averaged an 27.6% price return in the 2017 year thus far. Three of the 10 biggest weights of the Index are new entrants – UnUsUaL, Kimly and Aspen Group Holdings.

These 10 stocks are tabled below. Click on the stock names below to see the full profile in SGX StockFacts.

Name SGX Code Market Cap S$M Price S$ Price Change 2016 % Price Change YTD % GICS Sector
UnUsUaL* 1D1 306 0.475 N/A 137.5 Consumer Discretionary
Kimly* 1D0 428 0.365 N/A 46.0 Consumer Discretionary
Singapore O&G 1D8 226 0.470 57.7 -20.0 Health Care
Jumbo Group 42R 343 0.535 49.4 -17.7 Consumer Discretionary
Aspen Group Hldgs* 1F3 195 0.230 N/A 0.0 Real Estate
Talkmed Group 5G3 775 0.590 6.3 15.7 Health Care
CNMC Goldmine Hldgs 5TP 118 0.290 130.2 -33.3 Materials
Moya Hldgs Asia 5WE 336 0.122 60.6 130.2 Industrials
HC Surgical Specialists 1B1 100 0.670 N/A 8.9 Health Care
Wilton Resources Corp 5F7 175 0.072 13.8 9.1 Materials
Median       53.6 9.0  
Average       53.0 27.6  

*Stocks were listed in 2017 &YTD Price Change from initial offer price. Source: SGX Stockfacts and Bloomberg (Data as of 20 September 2017)

As discussed last month (click here), the Industrials Sector contributes the largest number of companies and the largest share of market capitalisation to the Catalist board. The Industrials Sector also contributes as many as 69 constituents to the 185 constituents of the FTSE ST Catalist Index, maintaining a 23% Index weight, equal to the weight of the Consumer Discretionary Sector. The market capitalisation of the Consumer Discretionary stocks is generally higher though, as the Sector contributes 32 of the 185 constituents.

Catalist Board

As noted in Catalist offer documents, companies listed on Catalist may carry higher investment risk when compared with larger or more established companies listed on the Mainboard. Furthermore, companies may list on Catalist without a track record of profitability, and there is no assurance that there will be a liquid market in the shares or units of shares traded on Catalist.

These offer documents point out that investors should be aware of the risks of investing in such companies and should make the decision to invest only after careful consideration and, if appropriate, consultation with professional advisers. As noted above, for a Catalist listing there is no minimum quantitative criteria required by SGX – Sponsors will use their own house deal selection criteria.

For more information on the Catalist board, click here.


This document is not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject Singapore Exchange Limited (“SGX”) to any registration or licensing requirement. This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document is for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document is entirely at the reader’s own risk. Further information on this investment product may be obtained from www.sgx.com. Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Examples provided are for illustrative purposes only. While each of SGX and its affiliates (collectively, the “SGX Group Companies”) have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document. The information in this document may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties. The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. SGX is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore.  The information in this document is subject to change without notice. This document may only be onward disseminated by the recipient wholly or in part if its content is attributed to SGX. This document shall not otherwise be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent.”