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.
| Stock | Share 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) | SGD | 39.93 | 39.30 | -1.58 | 190 | 263 | 284 | |
| DAIRY FARM INT'L HOLDINGS LTD (D01.SI) | USD | 8.10 | 7.97 | -1.60 | 375 | 374 | 389 | |
| HONGKONG LAND HOLDINGS LIMITED (H78.SI) | USD | 7.41 | 7.28 | -1.75 | 1692 | 1734 | 1887 | |
| JARDINE MATHESON HLDGS LTD (J36.SI) | USD | 65.71 | 66.00 | +0.44 | 224 | 211 | 284 | |
| JARDINE STRATEGIC HLDGS LTD (J37.SI) | USD | 43.85 | 44.49 | +1.46 | 266 | 312 | 483 | |
| MANDARIN ORIENTAL INTL LTD (M04.SI) | USD | 2.00 | 2.01 | +0.50 | 448 | 816 | 342 |
- 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.
| Stock | Share 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) | SGD | 3.52 | 3.41 | -3.13 | 685 | 402 | 289 |
STI Constituents Reserve List
- Following the review, STI Constituents reserve list will be updated as follow, w.e.f 18-Sep-2017.
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
- FTSE Index Series and STI Constituents Daily Performance
- Straits Times Index Constituents Share Price Performance
