Is it really possible for SPH to fall off the STI?
SPH is currently ranked number 20 in the 30-member STI.
As the index is weighted by traded market-cap, a declining share price would reduce the market cap further. Dropping out of the Index is a possibility and with its recent fluctuations, that seems more likely now than ever before. Currently at 30th place is Starhub. It has $4.5 billion market capitalisation. After the recent price decline, SPH’s market cap is about $4.3 billion. It would be interesting to see what happens in the next STI review in end Sep 2017.Rank | Company Name | Index Weight (%) |
20 | Singapore Press Holdings Limited | 1.46 |
21 | Comfortdelgro Corporation Limited | 1.41 |
22 | Jardine Cycle & Carriage Limited | 1.35 |
23 | UOL Group ... |