|Small Cap Index’s Five Best-Performing Constituents Avg 36% YTD Return|
|The FTSE ST Small Cap Index is a free float-adjusted, market capitalisation-weighted index. It represents the performance of small-capitalised companies, which pass size, free float and liquidity screens, and trade on SGX Mainboard.
The FTSE ST Small Cap Index comprises 65 constituents with an average market capitalisation of S$750 million, and that range extends from S$103 million to S$2.6 billion. More broadly, beyond the Index are nearly 200 stocks listed on SGX that fall within this market capitalisation range.
The 10 largest constituents of the FTSE ST Small Cap Index account for about 40% of index weight, and represent the Real Estate sector. Nine of these constituents are Real Estate Investment Trusts (REITs), while one is a real estate developer. Given the significant Real Estate weighting – with majority of the constituents being REITs – the Index maintains a relatively high dividend yield of 3.8%, almost on par with the benchmark Straits Times Index’s (STI) yield of around 4.0%.
The table below details the 10 largest constituents of the FTSE ST Small Cap Index, sorted by market capitalisation. Click on the stock name to view its profile in StockFacts.
In the 2018 year-to-date, the five best-performing constituents of the Index were: China Sunsine Chemical (+69.4%), BreadTalk (+40.9%), Japfa (+27.8%), Tianjin Zhongxin Pharmaceutical (+20.1%), and HRnetGroup (+19.1%). These five constituents – from the Materials, Consumer and Healthcare sectors – have averaged a +35.5% total return in the YTD. This brings their average 12-month total return to +28.6%.
The table below details the five best-performing constituents of the FTSE ST Small Cap Index, sorted by YTD total returns. Click on the stock name to view its profile in StockFacts.
Over the same period, the five least-performing constituents of the Index were: Indofood Agri Resources (-42.3%), Thomson Medical Group (-39.5%), Courts Asia (-36.9%), Hi-P International (-36.2%), and Yoma Strategic (-33.3%). These five constituents – from the Healthcare, Consumer, Real Estate and Information Technology sectors – have averaged a -37.7% total return in the YTD, bringing their average 12-month total return to -13.3%.
Small Cap Index’s Five Best-Performing Constituents Avg 36% YTD Return