OREANDA-NEWS. January 13, 2016. Singapore Exchange (SGX) and SIAS will host a Corporate Connect Event focused on the Catalist board. Senior Management from Zico Holdings and CNMC Goldmine Holdings will be sharing their business plan, growth strategies and financial results. For more information on the event please click here.

Catalist caters to the needs of fast-growing enterprises, rather than established businesses which are listed on SGX.  The quotation, trading and settlement of a stock listed on Catalist is identical to that of a stock listed on the Mainboard. There is no quantitative entry criteria required by the SGX for Catalist stocks, and companies seeking a primary listing on Catalist must be brought to list by approved Sponsors via an Initial Public Offering (IPO). Over the past three years secondary fundraising activities outstripped that of funds raised at IPO on Catalist which has exemplified the ease of access to capital on the Catalist board that allows companies to be nimble and opportunistic to accelerate their growth.

The FTSE ST Catalist Index is made up of  161 constituents, and had a total combined market capitalisation of S\\$8.1 billion as of 31 Dec 2015. Amongst the ten biggest stocks of the FTSE ST Catalist Index the most active by turnover velocity were International Healthway Corporation, Vallianz Holdings and Resources Prima Group. Turnover velocity compares the total traded value of a stock to its market capitalisation over a period of time, where the total traded value is a multiplication of the price and volume of each trade.   

The table below details the 10 biggest stocks of the FTSE ST Catalist Index. To access the stock profile in SGX StockFacts, please click on the stock name.

Source: SGX, Bloomberg & SGX StockFacts (data as of 8 January 2016)

As of December 2015, Catalist stocks maintained  a median three year turnover velocity of 134%, implying the total annualized traded value of companies on Catalist is equal to 134% of its average market capitalisation in the same period. In comparison, the GEM, NYSE AlterNext, AIM and TXE Venture indices generated turnover velocities of 96%, 55%, 51% and 41% respectively.

Three-Year Median Turnover Velocity

Source: Reuters, Exchanges’ website & Singapore Exchange (Dec 2015)

Fundraising

Over the past three years, the total funds raised on Catalist has accelerated 50%, from US\\$1.4 over the 2008-2012 period to US\\$2.1 over the 2013-2015 period. Over the past three years, secondary fundraisings were US\\$996 million which was higher than the funds raised through Initial Public Offerings (IPOs) and Reverse Takeovers (RTOs) of Catalist companies.