Straits Times Index Constituent Change - The Jardines

STI Component Stock Changes w.e.f.18-Sep

  • FTSE announced Jardine Strategic will substitute SIA Engineering as Straits Times Index (STI) constituents w.e.f 18-Sep-2017 following the semi-annual review to the FTSE ST Index Series.


Jardine Group

  • We're curious about the impact to share prices of Jardine Group of stocks following the announcement. Among the 30 STI component stocks, there are already 3 Jardine Group stocks currently - Jardine Matheson, Jardine Cycle & Carriage, HongKong Land, while Dairy Farm, Mandarin Oriental International are also SGX listed Jardine Group stocks currently.
  • Moreover, these stocks are highly related to each others - Jardine Matheson and Jardine Strategy are owning significant stake of each others, while Jardine Strategy owning significant stakes in Jardine Cycle & Carriage, HongKong Land, and also Dairy Farm, Mandarin Oriental International.


Share Price Changes Upon Announcement

  • Apparently, there wasn't significant impact as yet, from the both the perspectives of share price and trading volume.

StockShare
Price
31-Aug
Share
Price
08-Sep
1-Wk
Price
Chg
%
1-Wk
Avg Vol
08-Sep
(,000)
3-Mth
Avg Vol
31-Aug
(,000)
52-W
Avg Vol
31-Aug
(,000)
JARDINE CYCLE & CARRIAGE LTD (C07.SI)SGD39.9339.30-1.58190263284
DAIRY FARM INT'L HOLDINGS LTD (D01.SI)USD8.107.97-1.60375374389
HONGKONG LAND HOLDINGS LIMITED (H78.SI)USD7.417.28-1.75169217341887
JARDINE MATHESON HLDGS LTD (J36.SI)USD65.7166.00+0.44224211284
JARDINE STRATEGIC HLDGS LTD (J37.SI)USD43.8544.49+1.46266312483
MANDARIN ORIENTAL INTL LTD (M04.SI)USD2.002.01+0.50448816342

  • However, we saw SIA Engineering down ~3% with average daily trading volume of past week heavier than 3-month and 52-week average daily volume as of 31-Aug-2017.

StockShare
Price
31-Aug
Share
Price
08-Sep
1-Wk
Price
Chg
%
1-Wk
08-Sep
Avg Vol
(,000)
3-Mth
Avg Vol
31-Aug
(,000)
52-W
Avg Vol
31-Aug
(,000)
SIA ENGINEERING CO LTD (S59.SI)SGD3.523.41-3.13685402289


STI Constituents Reserve List




Straits Times Index (STI) 12-month Target

  • Using the average target prices of STI component stocks we've gathered, applied with the component weightage respectively, we derive the potential upside of Straits Times Index. With this bottom-up approach, as of 8-Sep, the Straits Times Index has potential 12-month upside of 7.74%.
  • Visit Straits Times Index Market Caps, Analyst Ratings and Target Prices for the latest updates.


Straits Times Index (STI) Constituents Performance







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