Why did a tool maker beat the index by more than 40 percentage points?
Micro-Mechanics makes consumable tools for semiconductor assembly and testing. It also supplies parts for wafer fabrication equipment to customers in the US and Singapore....The SPDR STI ETF (SGX: ES3) is an exchange-traded fund (ETF) that mimics Singapore’s Straits Times Index (SGX: ^STI).
For the year to date up till 31 July 2026, it delivered a total return of 23.3%.
That is a strong year for the index.
It also sets a high bar.
Yet, three smaller Singapore-listed companies cleared it.
Micro-Mechanics (Holdings) Ltd (SGX: 5DD) returned 67.5% over the same period.
Civmec Ltd (SGX: P9D) returned 35%.
Info-Tech Systems Ltd (SGX: ITS) returned 23.7%, a margin of just 0.4 percentage points over the index.
The three share no sector and no customer base.
They do share one trait.
Each reported an acceleration investors could measure, and each pointed to a forward book that suggested the acceleration might continue.
