Mapletree Industrial Trust (MIT) will replace SPH in the Straits Times Index (STI) from 22 Jun 2020.


The STI is reflective of Singapore's economy and the 30 constituents are businesses with the largest market capitalization. It is evident that Reits have grown in stature and importance in Singapore as MIT will be the 6th Reit out of 30 companies in STI.

The STI reserve list comprises of Keppel DC Trust, Suntec Reit, NetLink Trust, Frasers L&C Trust and Keppel Reit. I am happy to own 4 of the 5 reserves.

It is time to realize that traditional old school corporations such as SPH, Sembcorp Industries, ComfortDelGro, Starhub, Singtel and SIA have all faced headwinds in their core businesses and seen declining profit margins and erosion of equity year after year.

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