OREANDA-NEWS. September 16, 2015. The FTSE ST Fledgling Index comprises free-float weighted, liquidity-screened stocks listed on the Mainboard that are too small to be included in the FTSE ST All-Share Index. As noted in the FTSE ST Index Series August Report (click here) – within the size segments of the Singapore market, Fledgling stocks had the best performance with the FTSE ST Fledgling Index down 8.0%, followed by Mid Cap stocks seeing a decrease of 8.6% in August.  As of the end of August the average size of a constituent in the FTSE ST Fledgling Index was S\\$66.4 million.

Effective the open on 21 September, 20 new stocks will be joining the index. Of the 20 stocks, seven are scheduled deletions from the FTSE ST Small Cap Index. Please note that constituents of both the FTSE ST Fledgling Index and FTSE ST Catalist Index are not screened for liquidity. The table below lists the 20 scheduled additions to the FTSE ST Fledging Index.

Source: SGX StockFacts

As of 10 September 2015, the 13 stocks that aren’t scheduled deletions from the FTSE ST Small Cap Index trade at an average price-earnings ratio of 20.7, and averaged a 25.6% price decline in the year through to 10 September. The 13 stocks maintain an average indicative dividend yield of 4.3% compared to the Index which maintains a dividend yield of 3.6%. These 13 stocks are detailed in the table below, which is sort by market capitalization. Note that clicking on a stock’s name will direct you to its page on StockFacts.

Source: SGX StockFacts (Data as of 10 September 2015)

As of 10 September, the 13 stocks are trading 34.5% below their 12-month high price on average, and 14.7% above their 12-month low price. The five stocks out of the 13 that were trading closest to their 12-month high price were Hotel Royal (-10.6%), Saizen Real Estate Investment Trust (-12.2%), United Overseas Insurance (-13.6%), G.K. Goh Holdings (-15.0%) and Gaylin Holdings (-23.3%). The five stocks that were trading furthest from their 12-month low price were Indiabulls Properties Investment Trust (+66.0%), Halcyon Agri Corporation (+52.9%), Gaylin Holdings (+27.1%), Hotel Royal (+15.7%) and Second Chance Properties (+8.5%). These five stocks traded at their 12-month low price at the end of last month.