FSSTI Review For Sep 19 - UOB Kay Hian 2019-08-28: Potential Inclusion & Exclusion Candidates

FSSTI Straits Times Index Constituents | SGinvestors.io HUTCHISON PORT HOLDINGS TRUST (SGX:NS8U) SINGAPORE PRESS HLDGS LTD (SGX:T39) MAPLETREE COMMERCIAL TRUST (SGX:N2IU)

FSSTI Review For Sep 19 - Potential Inclusion & Exclusion Candidates




Key criteria for inclusion in the FSSTI.

  • For a company to be eligible as a constituent in the FSSTI, there are three key criteria to be fulfilled:
    1. market cap – a company could replace a constituent in the FSSTI if a particular FSSTI constituent falls below the top 40 position and/or a non-FSSTI company climbs above the 20th position based on market capitalisation,
    2. free float must exceed 15%, and
    3. liquidity requirements - securities must turn over at least 0.10% of their free float shares in issue based on their median daily trading volume per month in 10 of the 12 months prior to the review.


HPH Trust falls to 50th position ranked by market capitalisation, triggering potential exclusion from the FSSTI.

  • Based on the market cap of companies that also met the FSSTI liquidity requirements, Hutchison Port Holdings Trust ranks 50th as of 26 Aug 19. This signals a potential exclusion of Hutchison Port Holdings Trust from the FSSTI as guidelines state that should a company fall to the 41st position (or below) four weeks prior to the review effective date (26 Aug 19), it will be subsequently be removed from the FSSTI at the quarterly review.


MCT is the prime candidate to replace HPH Trust in the FSSTI, MINT will likely enter the FSSTI reserve list.



SPH is the lowest ranked FSSTI constituent after HPH Trust, but still far from the exclusion threshold.






Singapore Research Team UOB Kay Hian Research | https://research.uobkayhian.com/ 2019-08-28
SGX Stock Analyst Report NOT RATED MAINTAIN NOT RATED 99998 SAME 99998
HOLD MAINTAIN HOLD 2.330 SAME 2.330
BUY MAINTAIN BUY 2.220 SAME 2.220



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