OREANDA-NEWS. The FTSE ST Mid Cap Index is a free float-adjusted index that comprises 50 companies within the top 90% of the ST Universe by full market capitalisation, excluding the constituents of the STI.

The 10 largest constituents in terms of index weight have a combined market capitalisation of S\\$37.2 billion, and maintain an average dividend yield of 5.3%. The stocks also trade at an average price to earnings ratio of 12.6.  In the year thus far, the top 10 stocks by weight have averaged a price decline of 2.7%, and dividend-boosted returns of 1.0%. This brought their one-year and three-year returns to 7.1% and 40.4% respectively.

The tables below detail the 10 largest stocks of the FTSE ST Mid Cap Index and is sorted by index weight. Note that clicking on a stock name will take you to its relevant page on StockFacts.

Name SGX Code Index weight(%) Mkt. Cap. in S\\$ mm Last Close Price (SGD) % Price Change YTD % Change - Dividend Adj. YTD % Change - Dividend Adj. [1 Year] % Change - Dividend Adj.  [3 Years]
Suntec Real Estate Investment Trust T82U 7.2 4,143 1.650 -15.8 -12.4 -1.7 34.3
UOL Group U14 5.7 5,263 6.610 -5.0 -3.2 6.4 29.2
Singapore Post S08 5.1 4,107 1.910 -0.5 2.6 13.8 105.9
CapitaLand Commercial Trust C61U 5.0 3,951 1.340 -23.6 -19.5 -13.6 14.5
Yangzijiang Shipbuilding (Holdings) BS6 4.7 4,617 1.205 0.0 3.9 7.9 35.4
SATS S58 4.4 4,205 3.800 24.6 27.5 32.3 70.5
Venture Corporation V03 3.8 2,255 8.170 3.8 10.5 8.1 27.2
Keppel REIT K71U 3.5 3,235 1.015 -16.8 -14.2 -14.1 6.7
Mapletree Greater China Commercial Trust RW0U 3.4 2,746 1.005 5.8 9.2 17.2 N/A
Mapletree Industrial Trust ME8U 3.4 2,632 1.495 0.7 6.0 14.9 40.3
Average         -2.7 1.0 7.1 40.4

Source: SGX StockFacts (Data as of 14 August 2015)

The 10 stocks have an average ROE of 11.1%. This indicates that  for every dollar of a common share invested in the 10 stocks, the financial return came to 11.1%. The ratio is more focused on a stock’s profitability rather than a price multiple. The stocks also have an average price to book value of 1.3, which indicates that they are currently trading at a price above their book value.  

The five stocks that are trading closest to their 12-month high price as of Friday were SATS (-3.1%), Venture Corporation (-5.8%), Mapletree Greater China Commercial Trust (-8.6%), Mapletree Industrial Trust (-8.8%), and Singapore Post (-11.6%).

Suntec Real Estate Investment Trust

Suntec Real Estate Investment Trust is a real estate investment fund that invests in the real estate markets of Singapore. It invests in real estate that is primarily used for retail or office purposes. Its portfolio comprises of properties in Suntec City, Park Mall, a one-third interest in One Raffles Quay, a one-third  interest in Marina Bay Financial Centre Towers 1 and 2, and the Marina Bay Link Mall. The trust was formed on November 1, 2004 and is based in Singapore.

UOL Group

UOL Group engages in property development, property investments, and hotel businesses. UOL Group, together with hotel subsidiary, Pan Pacific Hotels Group, owns and/or manages over 30 hotels, resorts, and serviced suites in Asia, Oceania, and North America. UOL Group was founded in 1963 and is based in Singapore.

Singapore Post

Singapore Post operates and provides postal, logistics, and retail services in Singapore and internationally. The company also offers electronic printing and dispatching services, electronic platform and recyclable lockers for merchandise distribution, customs brokerage services, as well as commercial properties. Singapore Post was founded in 1819 and is based in Singapore.

CapitaLand Commercial Trust

CapitaLand Commercial Trust is a unit trust that invests in real estate and real estate-related assets, which are primarily used for commercial purposes in Singapore. Its portfolio primarily consists of office buildings and transport facilities, including Capital Tower, 6 Battery Road, HSBC Building, StarHub Centre, Robinson Point, Bugis Village, Golden Shoe Car Park, and Market Street Car Park. The trust was founded in 2004 and is based in Singapore. CapitaLand Commercial Trust is due to release its earnings for the quarter ended 30 June 2015 next Friday.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) is an investment holding company that provides agency services for ship building and related activities. It produces a range of commercial vessels, such as containerships, bulk carriers and LNG vessels, the company also undertakes offshore engineering projects. Yangzijiang Shipbuilding (Holdings) was founded in 1956 and is based in Jingjiang, China.

SATS

SATS provides gateway services and food solutions in Singapore, Japan, and internationally. The company’s gateway services comprise airfreight, baggage, and terminal management services. Its food solutions include airline catering, food distribution and logistics, and industrial catering services. SATS was founded in 1972 and is based in Singapore.

Venture Corporation

Venture Corporation Limited provides technology services, products, and solutions worldwide. The company operates through three segments: Electronics Services Provider, Retail Store Solutions and Industrial, and Component Technology. Venture Corporation was founded in 1984 and is based in Singapore.

Keppel REIT

Keppel REIT is a real estate investment trust that invests in the real estate markets of Singapore and Asia. It primarily makes investments in commercial properties. Keppel REIT was formed in 2006 and is headquartered in Singapore.

Mapletree Greater China Commercial Trust

Mapletree Greater China Commercial Trust invests in a diversified portfolio of income-producing real estate in the Greater China region which is used primarily for commercial purposes (including real estate used predominantly for retail and/or offices), as well as real estate-related assets. The portfolio comprises of properties in Hong Kong, first tier cities in China, and key second tier cities in China. The company is based in Singapore.

Mapletree Industrial Trust

Mapletree Industrial Trust holds a portfolio of 70 properties, which include business park buildings, flatted factories, stock-up/ramp-up buildings, light industrial buildings, and warehouses. The company was formed in 2008 and is based in Singapore.