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FTSE MONTHLY REPORT - July 2017

FTSE ST INDEX SERIES Data as at: 31 July 2017

FTSE ST INDEX SERIES INTRODUCTION


TABLE OF CONTENTS
FTSE Group, the Singapore Exchange Ltd. (SGX) and Singapore Press Holdings Ltd. (SPH) have jointly created the Introduction & Index Series Overview 1
FTSE ST Index Series to provide investors with a comprehensive series of indices for accessing segments of the Straits Times Index (STI) 5
Singapores market. The index series adopts FTSEs global index standards such as size, free float weighting and STI Dividend Index 9
FTSE ST All-Share Index 10
liquidity screening and provides a familiar tool for performance measurement, product creation and analysis,
FTSE ST Large & Mid Cap Index 14
appealing to both local and international investors.
FTSE ST Mid Cap Index 16
FTSE ST Small Cap Index 18
The Straits Times Index (STI) is the flagship index that captures the largest, most liquid companies on the Singapore
FTSE ST Fledgling Index 20
market. The index is also delivered on an intra-second streaming basis, enabling investors to make trading decisions FTSE ST Catalist Index 22
based on intra-second index quotes and respond more rapidly to immediate market events. FTSE ST China Index 24
FTSE ST Maritime Index 27
FTSE ST Real Estate Index 29
STI AND FTSE ST INDEX SERIES COMMENTARY
FEATURES
Straits Times Index (STI) 3329.52 103.04 3.19% Objective
The indices have been designed for the
The Straits Times Index (STI) ended the month in positive territory in July up 3.19 per cent, managed to outperform creation of structured products, index
the FTSE ASEAN 40 Index by 2.68 per cent. tracking funds, ETFs or as performance
benchmarks
1-Month Performance of Selected FTSE Indices Universe
Companies that have a full listing on the
FTSE Bursa Malaysia KLCI -1.30 India was the best performing Asian
market this month with the FTSE India SGX Mainboard and SGX Catalist are eligible
FTSE Indonesia Index -1.35
Index seeing a rise of 5.95 per cent in for inclusion in the STI and FTSE ST Index
FTSE SET Large Cap Index 0.98
July. The second best performing Series
FTSE Philippines Index 0.60 Asian market was China, with the FTSE Coverage
FTSE Vietnam Index -1.38 China 25 Index, up 4.53 per cent. The indices provide a comprehensive
FTSE ASEAN 40 Index 0.51 Pakistan was the worst performer, with
coverage of the major market segments of
FTSE All-World Index 1.06 the FTSE Pakistan Index falling 2.09
the Singapore market, including size,
per cent. The FTSE All-World Index
-2.0 -1.0 0.0 1.0 2.0 was up 1.06 per cent. sectors, and China indices
1-Month SGD Performance (%) Design
The indices have been designed for both
domestic and international investors who
Within the size segments of the Singapore market, Large & Mid Cap companies had the best performance with the
FTSE ST Large & Mid Cap Index up 2.66 per cent, followed by Fledgling companies seeing an increase of 2.20 per want to see global standards applied to the
cent in July. Small Cap companies were the worst performers. The FTSE ST All-Share Index had a performance of selection and maintenance of companies
2.49 per cent. Investability
Index constituents are free-float weighted to
ensure that only the investable opportunity
1-Month Performance of the STI and FTSE ST Index Series
set is included within an index
Straits Times Index (STI) 3.19
FTSE ST Large & Mid Cap Index 2.66
Industrial Engineering was the best
FTSE ST Mid Cap Index 0.85
performing sector in the FTSE ST All-
FTSE ST Small Cap Index -0.14
Share Index, up 15.77 per cent,
FTSE ST All-Share Index 2.49 followed by Electronic & Electrical
FTSE ST Fledgling Index 2.20 Equipment companies, up 8.83 per
FTSE ST Catalist Index -0.68 cent. The Industrial Metals & Mining,
FTSE ST China Index and Media sectors had the worst
5.79
performance in July, down 8.89 and
FTSE ST Maritime Index 17.28 8.47 per cent, respectively.
FTSE ST Real Estate Index 3.31

-5.0 0.0 5.0 10.0 15.0 20.0 STRAITS TIMES INDEX (STI)
1-Month SGD Performance (%) Bloomberg FSSTI
Rowsley had the strongest performance in the FTSE ST All-Share Index, up 67.61 per cent, with Yangzijiang Reuters <.FTSTI>
Shipbuilding Holdings the best performing STI constituent, up 18.91 per cent. Factset STI-SES
Telekurs CH3666055

Source: FTSE Russell 1 of 30


FTSE ST Index Series Data as at: 31 July 2017

INFORMATION
Index Universe
STI AND FTSE ST INDEX SERIES SGX Mainboard & SGX Catalist
Index Launch
Universe
FTSE ST Index Series - 10 Jan 2008
FTSE ST China Index - 10 Jan 2008
FTSE ST Catalist Index - 22 Jun 2009
Screen for
FTSE ST Maritime Index - 1 Sep 2009
Size and
STI Dividend Index - 1 Nov 2010
Higher
Liquidity Base Date
Screen for STI - 9 Jan 2008

STI
Revenue from Other FTSE ST Indices - 5 Oct 2007
Maritime
Industry Indices

Related Base Value


Screen for
All-Share STI - 3344.53

Maritime
Large & Mid Cap

Catalist
Activities

China
Sales Revenue
Other FTSE ST Indices - 1000
/ Operating
Assets from Index Calculation
Mainland China Real-time and end-of-day indices
available.
Real-time indices are calculated at the
Mid Cap following intervals:
STI - intra-second streaming basis
Other FTSE ST Indices - every 60
seconds
End-of-Day Distribution
Small Cap
Indices available at 19:00 Singapore
98%
Fledgling local time (11:00 hours UK time GMT
or 12:00 hours BST) via FTP and email
Currency
The following indices are included in the STI and FTSE ST Index Series: USD, EUR, GBP, JPY, SGD
Straits Times Index (STI) Real-time calculated in SGD only
This index comprises the largest 30 companies by full market capitalisation that meet stated eligibility requirements. Review Dates
Full review in March and September
FTSE ST Large & Mid Cap Index Fast entrant review in June and
This index comprises the Large and Mid Cap companies listed on the SGX Mainboard that meet stated eligibility December
requirements.
Index Rules
FTSE ST Mid Cap Index Available at www.ftse.com/st
This index comprises the Mid Cap companies listed on the SGX Mainboard that meet stated eligibility requirements. Vendor Codes
See page 4 or contact
FTSE ST Small Cap Index info@ftserussell.com
This index comprises the Small Cap companies listed on the SGX Mainboard that meet the stated eligibility
Historical Data
requirements.
Available from August 1999
FTSE ST All-Share Index
This index comprises the Large, Mid and Small Cap companies listed on the SGX Mainboard that meet the stated
eligibility requirements.

FTSE ST Fledgling Index


This index comprises the constituents listed on the SGX Mainboard that are too small to be in the FTSE ST All-Share
Index.

FTSE ST China Index


This index comprises all the constituents from the FTSE ST All-Share Index that have the majority of their sales
revenue derived from or operating assets located in Mainland China, that meet the stated eligibility requirements.

FTSE ST Maritime Index


This index comprises the companies of the FTSE ST All-Share Index that derive the majority of their revenue from
marine-related activities that meet the stated eligibility requirements.
FTSE ST Industry Index
There are 10 Industry, 19 Supersector and 39 Sector Indices comprised of the constituents in the FTSE ST All-Share INDUSTRY CLASSIFICATION
Index. These industries and sectors are defined in the Industry Classification Benchmark (ICB). BENCHMARK (ICB)
The indices are calculated in
FTSE ST Catalist Index accordance with the Industry
This index comprises the sponsored companies listed on the SGX Catalist that meet the stated eligibility Classification Benchmark (ICB), the
requirements. global standard for industry sector
analysis
The ICB contains four classification
levels:
Industries (x10)
Supersectors (x19)
Sectors (x41)
Subsectors (x114)
Global presence - ICB is adopted by
stock exchanges representing over
65% of the worlds market
capitalisation

Source: FTSE Russell 2 of 30


FTSE ST Index Series Data as at: 31 July 2017

INDEX METHODOLOGY OVERVIEW

Eligible Securities
All classes of the ordinary shares in issue are eligible for inclusion in the STI and FTSE ST Index Series, subject to Further details of the index
conforming to all other rules of eligibility, free float and liquidity. methodology can be found on
www.ftse.com/st. The following
Index Review
publications are available by
The STI and FTSE ST Index Series have a full review in every March and September using data on the Monday 4 weeks
contacting your local FTSE Russell
prior to review effective date. In June and December, a fast entrant review is applied to selected indices for new issues not
large enough to qualify as fast entrants since the previous March or September review, using data on the Monday 4 weeks Client Services team or
prior to the review effective date. For the STI, new issues will be reviewed with the existing constituents. The reviews will info@ftserussell.com.
be implemented after the close of business on the third Friday of the review month.

Constituent Selection
Inclusion Screens
For the FTSE ST Index Series, the Index Universe is defined as the top 98% of the Country Universe where all eligible
companies from the SGX Mainboard are ranked by full market capitalisation, i.e. before the adjustment of free float.
GROUND RULES FOR THE
A company will be inserted at the periodic review if it is located at the position stated below in the Index Universe for the FTSE ST INDEX SERIES
relevant index:
FTSE ST Large & Mid Cap Index - Risen to 86% or above
FTSE ST Mid Cap Index - Risen to 86% or above, but below 68%
FTSE ST Small Cap Index - Risen to 98% or above, but below 86%
A company will be deleted at the periodic review if it is located at the position stated below in the Index Universe for the
relevant index:
FTSE ST Large & Mid Cap Index - Fallen below 92%
FTSE ST Mid Cap Index - Fallen below 92%, or risen to 68% or above
FTSE ST Small Cap Index - Fallen below 101%, or risen to 86% or above
A company will be eligible for the FTSE ST All-Share Index providing it is a constituent of either the large & mid, or small
cap index.
At review, all constituents of the STI must be existing or pending constituents of the FTSE ST All-Share Index.
A company will be inserted into the STI at the periodic review if it rises above the position stated below when the eligible
securities are ranked by full market capitalisation, i.e. before the adjustment of free float:
STI - Risen to 20th or above
A company in the STI will be deleted at the periodic review if it falls below the position stated below when the eligible
securities are ranked by full market capitalisation, i.e. before the adjustment of free float: GROUND RULES FOR THE
STRAITS TIMES INDEX
STI - Fallen to 41st or below

Liquidity Screen
Liquidity screen is conducted in March and September and is based on a securitys median daily trading per month on the
SGX, with each daily trade total ranked and the middle ranking day selected. Daily totals with zero trades are included.
For the FTSE ST Index Series (excluding the Fledgling and Catalist Index which are not screened for liquidity):
Non-constituents must turnover at least 0.05% of their shares in issue (after the adjustment of free float) in ten of the
twelve months prior to the March or September review.
An existing constituent must trade at least 0.04% of its shares in issue (after the adjustment of free float) for at least
eight of the twelve months prior to the March or September review.
New issues must have a minimum 20 days trading record when reviewed and a turnover of at least 0.05% of their free
float adjusted shares in each month since their listing.
For the STI:
Non-constituents must turnover at least 0.10% of their shares in issue (after the adjustment of free float) in ten of the
twelve months prior to the March or September review.
An existing constituent must trade at least 0.08% of its shares in issue (after the adjustment of free float) for at least
eight of the twelve months prior to the March or September review.
New issues must have a minimum 20 days trading record when reviewed and a turnover of at least 0.10% of their free
float adjusted shares in each month since their listing.

Free Float
The FTSE ST Index Series constituents are adjusted for free float and weighted according to how much share capital is
available for public investment. FTSE has chosen to apply free float restrictions in weighted bands.

STI and FTSE ST Index Advisory Committee


The STI and FTSE ST Advisory Committee governs the ongoing management of these indices to ensure they continue to
meet the needs of index users. The committee is made up of senior investment professionals and finance industry experts
acting independently to advise on the creation of new indices, any enhancements to the methodology and to ensure that
the index series evolves with any changes in the market environment.

Source: FTSE Russell 3 of 30


FTSE ST Index Series Data as at: 31 July 2017

COMMENTARY IN JULY

Global markets were in positive territory in July, with the FTSE All-World Index up 1.06 per cent.
Year-to-date global markets have continued on a positive path, up 5.94 per cent.

Latin America was the best performing region in July finishing the month up 6.15 per cent.
North America was the worst performing region, up on the month 0.65 per cent. Asian markets
saw positive performance with the FTSE Asia Pacific Index up 1.81 per cent.

Within Asia India was the best performing market in July, with the FTSE India Index up 5.95 per
cent. The Straits Times Index (STI) had a rise of 103.04 index points on the month, seeing a
positive performance of 3.19 per cent.

The Industrial Engineering sector within the STI Index had the best performance up 18.91 per
cent, with Media sector showing the worst performance down 9.91 per cent. The best
performing STI Index constituent was Yangzijiang Shipbuilding Holdings showing a positive
return of 18.91 per cent in July.

Within the size segments in July large cap companies were the best performers in the FTSE ST
Index Series, with small cap companies showing the worst performance, down 0.14 per cent on
the month. The FTSE ST All-Share Index had a performance of 2.49 per cent in July, with
Rowsley the best performing constituent, up 67.61 per cent.

Year to date the FTSE ST Maritime Index has the highest volatility within the FTSE ST Index
Series at 31.54 per cent. The FTSE ST Fledgling Index has the lowest volatility with 6.27 per
cent. This compares to a volatility of 25.98 and 15.76 per cent respectively for 2016. The FTSE
ST All-Share Index had a volatility of 7.46 per cent, lower than 2016's 12.35 per cent.

As at the end of July, the FTSE ST Large & Mid Cap Index accounts for 94.51 per cent of the
FTSE ST All-Share Index, with the 62 constituents of the FTSE ST Small Cap Index accounting for
5.49 per cent. The top ten constituents of the FTSE ST Large & Mid Cap Index account for 60.01
per cent of the index, compared to 40.88 per cent of the FTSE ST Small Cap Index and 56.57 per
cent of the FTSE ST All-Share Index.

Industrial Engineering was the best performing sector in the FTSE ST All-Share Index up 15.77
per cent in July, with Electronic & Electrical Equipment being the second best performer up 8.83
per cent. Industrial Metals & Mining was the worst performing sector followed by Media down
8.89 per cent and 8.47 per cent, respectively.

With an index weighting of 56.98 per cent and 29 constituents, Financials is the largest industry
in the FTSE ST Large & Mid Cap Index, up 4.24 per cent in weighting compared to the previous
month. This compares to a weight of 47.09 per cent in the FTSE ST Mid Cap Index and 56.78 per
cent in the FTSE ST All-Share Index.

VENDOR CODES

Index Name FTSE BLOOMBERG REUTERS FACTSET TELEKURS


Straits Times Index (STI) STI FSSTI .FTSTI STI-SES CH3666055
FTSE ST Large & Mid Cap Index FSTLM FSTLM .FTFSTLM - -
FTSE ST Mid Cap Index FSTM FSTM .FTFSTM FSTM-SES CH3610270
FTSE ST Small Cap Index FSTS FSTS .FTFSTS FSTS-SES CH3610318
FTSE ST All-Share Index FSTAS FSTAS .FTFSTAS FSTAS-SES CH3610323
FTSE ST Fledgling Index FSTF FSTF .FTFSTF FSTF-SES CH3610337
FTSE ST Catalist Index FSTICA FSTICA .FTFSTICA FSTICA-SES TK10211710
FTSE ST China Index FSTCT FSTCT .FTFSTCT FSTCT-SES TK4309208
FTSE ST Maritime Index FSTC FSTC .FTFSTC FSTC-SES CH3610340
FTSE ST Real Estate Index FSTAM FSTAM .FTFSTAM FSTAM-SES TK10384198

Source: FTSE Russell 4 of 30


Straits Times Index (STI) Data as at: 31 July 2017

INDEX OVERVIEW

The STI comprises the largest companies by full market capitalisation in the FTSE ST All-Share Index. The index is a free float adjusted market-capitalisation
weighted index representing the performance of the largest Singapore blue chip companies, which pass the size, free float, and liquidity screens. The index
represents approximately 60 per cent of the SGX Mainboard and as at the end of July there were 30 constituents in the index.

STI FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

140 The STI ended the month in positive


Index Rebased (31 Jul 2012=100)

territory in July up 3.19 per cent,


120
outperforming the FTSE ST All-Share Index
100 by 0.70 per cent.
80
Year to date the STI performance is up by
60 15.58 per cent, with a volatility of 8.40 per
40 cent, lower than 2016s volatility of 14.37
per cent.
20

0 Industrial Engineering had the best sector


performance in the STI in July, up 18.91
per cent.

STI FTSE ST All-Share Index

STI HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
STI 3.19 4.85 9.28 15.58 16.06 -1.32 9.65 -0.44 1.86 0.01 6.24 -14.34 -0.07 3.22
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

PERFORMANCE OF THE STI AND SELECTED FTSE ASIA PACIFIC COUNTRY INDICES IN JULY (SGD PRICE RETURN)

Number Net Market Cap 1M Perf Number Net Market Cap 1M Perf
Rank Index Name Rank Index Name
of Cons (SGDbn) (%) of Cons (SGDbn) (%)
1 FTSE India Index 132 682 5.95 9 FTSE New Zealand Index 14 50 0.82
2 FTSE China 25 Index 50 - 4.53 10 FTSE Philippines Index 26 93 0.60
3 Straits Times Index (STI) 30 287 3.19 11 FTSE Japan Index 493 4,807 0.48
4 FTSE ASFA Australia 200 Index 200 1,602 2.36 12 FTSE TWSE Taiwan 50 Index 50 735 -0.34
5 FTSE China A50 Index 50 897 2.29 13 FTSE Bursa Malaysia KLCI 30 167 -1.30
6 FTSE Hong Kong Index 91 747 2.23 14 FTSE Indonesia Index 30 144 -1.35
7 FTSE Korea Index 127 1,010 1.72 15 FTSE Vietnam Index 22 - -1.38
8 FTSE SET Large Cap Index 30 194 0.98 16 FTSE Pakistan Index 5 5 -2.09

STI HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 1 1 30 228,889 30 245,373 13.78
March 2017 0 0 30 276,206 30 276,392 0.61
Total 14.39

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

Source: FTSE Russell 5 of 30


Straits Times Index (STI) Data as at: 31 July 2017

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) INDUSTRY BREAKDOWN

2 3 Basic Materials
100 (6.40%)
(10.84%) 5 Consumer Goods
2
80 (4.22%)
(8.84%) Consumer Services
Financials
60 6
Health Care
(11.65%) Industrials
40 Oil & Gas
Technology
20 Telecommunications
Utilities
0

12
(58.04%)
Key: 12 Number of Constituents
(58.04%) Index Weight

RELATIVE PERFORMANCE AGAINST STI (SGD PRICE RETURN)

1 MONTH 1 YEAR

Basic Materials Basic Materials


Consumer Goods 0.46 Consumer Goods -16.03
Consumer Services -4.30 Consumer Services -17.21
STI Industry Indices

STI Industry Indices

Financials 1.45 Financials 12.99


Health Care Health Care
Industrials -2.50 Industrials -6.68
Oil & Gas -0.58 Oil & Gas 3.48
Technology Technology
Telecommunications -1.22 Telecommunications -22.85
Utilities Utilities

-6.0 -4.0 -2.0 - 2.0 -30.0 -20.0 -10.0 - 10.0 20.0

Relative Performance (%) Relative Performance (%)

STI HISTORICAL VOLATILITY (SGD PRICE RETURN)

20
18
16
14
Volatility (%)

12
STI
10
8
6 FTSE ST All-Share Index
4
2
0

Index volatility is calculated on a rolling 180 days basis.

Source: FTSE Russell 6 of 30


Straits Times Index (STI) Data as at: 31 July 2017

STI HISTORICAL VOLATILITY TABLE (SGD PRICE RETURN)

Index Name YTD (%)* 1Y (%)* 3Y (%)** 5Y (%)*** 2013 (%)* 2014 (%)* 2015 (%)* 2016 (%)*
STI 8.40 9.10 12.60 11.08 10.11 8.65 12.44 14.37
FTSE ST All-Share Index 7.46 8.11 11.83 10.40 9.90 7.86 11.76 12.35

* Based on annualised daily total log returns. ** Based on annualised weekly total log returns. *** Based on annualised monthly total log returns.

STI HISTORICAL SHARPE RATIO (SGD PRICE RETURN)

Index Name YTD* 1Y* 3Y** 5Y*** 2013* 2014* 2015* 2016*
STI 2.95 1.56 -0.11 0.17 -0.03 0.67 -1.30 -0.06
FTSE ST All-Share Index 3.06 1.64 -0.12 0.18 -0.13 0.56 -1.31 0.06

* Based on annualised daily total log returns. ** Based on annualised weekly total log returns. *** Based on annualised monthly total log returns.
Note: Singapore 3-Month interbank offered rate (SIBOR) is used as the risk free rate.

STI HISTORICAL CORRELATION AGAINST FTSE ST ALL-SHARE INDEX (SGD PRICE RETURN)

Index Name YTD (%)* 1Y (%)* 3Y (%)** 5Y (%)*** 2013 (%)* 2014 (%)* 2015 (%)* 2016 (%)*
STI 0.9899 0.9883 0.9861 0.9845 0.9778 0.9922 0.9898 0.9882

* Based on annualised daily total log returns. ** Based on annualised weekly total log returns. *** Based on annualised monthly total log returns.

STI TOP 5 AND BOTTOM 5 SECTOR PERFORMERS

ICB Code ICB Sector Number of Cons Net Market Cap (SGDm) Index Weight (%) 1M Perf (%) 1Y Perf (%) Div Yield (%)
2750 Industrial Engineering 1 2,902 1.01 18.91 62.64 2.83
3530 Beverages 1 9,352 3.26 6.11 -7.73 2.56
TOP

8630 Real Estate Investment & Services 5 39,800 13.89 5.97 31.20 2.19
8350 Banks 3 105,943 36.97 4.47 34.86 2.95
5750 Travel & Leisure 3 16,718 5.83 3.84 5.82 3.63
3570 Food Producers 2 8,993 3.14 1.21 8.72 1.85
2770 Industrial Transportation 3 7,154 2.50 -0.04 4.33 5.12
BOTTOM

2720 General Industrials 1 17,602 6.14 -2.04 - 2.35


5370 General Retailers 1 3,988 1.39 -9.00 2.88 2.49
5550 Media 1 4,637 1.62 -9.91 -23.02 4.81

STI ONE-YEAR TOP PERFORMING SECTOR - INDUSTRIAL ENGINEERING

180 PROFILE
Index Rebased (29 Jul 2016=100)

160
Number of Constituents: 1
140
Constituent in Sector:
120
Yangzijiang Shipbuilding Holdings
100

80
Weight in Straits Times Index (STI):
60 1.01%

1-Year Price Return: 62.64%

Dividend Yield: 2.83%


STI - Industrial Engineering
FTSE ST Industrial Engineering Index STI

Note: The Straight Times Index (STI) - Industrial Engineering and the FTSE ST Industrial Engineering Index are
overlapping since there is only one constituent in both of these sector indices

Source: FTSE Russell 7 of 30


Straits Times Index (STI) Data as at: 31 July 2017

STI TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 D05 DBS Group Holdings Banks 38,629 13.48 4.24
2 O39 Oversea-Chinese Banking Banks 37,107 12.95 5.28
3 U11 United Overseas Bank Banks 30,207 10.54 3.76
4 Z74 Singapore Telecommunications Mobile Telecommunications 29,501 10.29 2.06
5 J36 Jardine Matheson Holdings Diversified Industrials 17,602 6.14 -2.04
6 H78 Hongkong Land Holdings Real Estate Holding & Development 11,882 4.15 0.70
7 MC0 Global Logistic Properties Real Estate Holding & Development 9,673 3.38 15.73
8 Y92 Thai Beverage Brewers 9,352 3.26 6.11
9 C31 Capitaland Real Estate Holding & Development 9,262 3.23 5.43
10 BN4 Keppel Oil Equipment & Services 9,169 3.20 1.91
Totals 202,384 70.62 -

STI TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 1.01 18.91
MC0 Global Logistic Properties Real Estate Holding & Development 9,673 3.38 15.73
TOP

NS8U Hutchison Port Holdings Trust Transportation Services 3,253 1.14 8.88
G13 Genting Singapore Gambling 6,719 2.34 7.37
Y92 Thai Beverage Brewers 9,352 3.26 6.11
J36 Jardine Matheson Holdings Diversified Industrials 17,602 6.14 -2.04
S58 SATS Transportation Services 3,053 1.07 -5.48
BOTTOM

C07 Jardine Cycle & Carriage Specialty Retailers 3,988 1.39 -9.00
S59 SIA Engineering Transportation Services 848 0.30 -9.67
T39 Singapore Press Holdings Publishing 4,637 1.62 -9.91

STI TOP PERFORMER IN JULY - YANGZIJIANG SHIPBUILDING HOLDINGS PROFILE

STI Top Performer in July - Yangzijiang Shipbuilding Holdings Local Code:


BS6
Yangzijiang Shipbuilding
18.91%
Holdings ICB Subsector:
FTSE ST Industrial Commercial Vehicles & Trucks
15.77%
Engineering Index
Weight in STI:
Straits Times Index (STI) 3.19% 1.01%

Dividend Yield
- 5.0 10.0 15.0 20.0
2.83%
1-Month Price Return (%)

Yangzijiang Shipbuilding Holdings was the best performer in the STI in July. The share price increased by 18.91%
m-m. The companys core business sections are shipbuilding and offshore engineering. Its supplementary business
is financial investment, metal trading, real estate as well as shipping combined ship-leasing. In 2016, it was ranked
in the top ten among global shipbuilding companies.

Source: FTSE Russell 8 of 30


STI Dividend Index Data as at: 31 July 2017

INDEX OVERVIEW

The STI Dividend Index represents the cumulative value of ordinary cash dividends declared by the individual constituents of the underlying STI, and via products created on
the index enables investors to take views on the expected dividends of the STI index. The index can provide a positive return stream that can be attractive to risk adverse
investors, but also investors who want to hedge their dividend exposure, or take positions on the basis of their dividend expectations without being exposed to price
movements.

STI DIVIDEND INDEX HISTORICAL PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

4000 250
The STI ended the month in positive

STI Dividend Index (09 Jan 2008=0)


STI (Price Index) (09 Jan 2008=3344.53)

3500
territory in July, up 3.19 per cent,
200
3000 outperforming the FTSE ST All-Share Index
2500 by 0.70 per cent.
150
2000
An additional 5.12 index points were added
1500 100
to the STI Dividend Index in July making a
1000 total of 55.71 index points year to date.
50
500
This compares to 53.71 index points at the
same point for 2016.
0 0
The STI has a dividend yield of 3.22 per
cent as at the end of July.

STI STI Dividend Index (End of Year / Year to Date)

CALCULATION METHODOLOGY

FEATURES
Index Universe
Objective
The universe will comprise of the cumulative value of ordinary declared cash dividends announced and paid by
The STI Dividend Index has been
the individual constituents of the underlying STI, calculated in terms of index points. All dividends and corporate
designed as a basis for structured
actions are applied the same way as in the STI.
products and derivative contracts
Review Methodology Design
The index is based on the ordinary cash
At the annual review FTSE will rebase the STI Dividend Index to 0 at the start of the first trading day of the new
dividends declared by the individual
calendar year in January. The index will be calculated using end of day pricing.
constituents of the underlying STI, and
therefore has a more stable return
Ex-Dividend Adjustment
stream
The ex-dividend (xd) adjustment represents the value of dividends declared by constituent companies on the xd Usage
date expressed in index points. The xd adjustment year to date is the calculation on a cumulative basis for the Provides a means to create products to
period between and including the first trading day in the calendar year in January to the last trading day in allow investors to hedge their position
December of the same year. xd adjustments are based on declared dividends. The xd adjustment is calculated as against dividend risk on the Singaporean
follows: market
Investability
Market Value of Dividend
Latest Index Divisor The index is based on the STI, and
includes dividends from the largest
The method for calculating the xd adjustment uses the divisor as at the close of business on the preceding day Singapore companies, which pass the
after implementing any capitalisation changes. Where a company has more than one line of shares included in the size, free float, and liquidity screens
index, the xd adjustment is calculated separately for each line. The market value of dividend is calculated by Maintenance
summation of each companys dividends per share * index shares * free float. The index is managed according to a
If a company declares a dividend in a currency other than Singapore Dollar, the published Singapore Dollar transparent and public set of index
equivalent will be used, if available. If there is no Singapore Dollar equivalent, the dividend will be converted to rules, and overseen by an independent
Singapore Dollar the day before the stock goes xd using the appropriate Singapore Domestic Indices closing rate. committee of leading market
professionals. The committee ensures
that the rules are correctly applied and
adhered to

Source: FTSE Russell 9 of 30


FTSE ST All-Share Index Data as at: 31 July 2017

INDEX OVERVIEW

The FTSE ST All-Share Index comprises the constituents in the FTSE ST Large & Mid Cap Index and the FTSE ST Small Cap Index. The index is a free float adjusted
market-capitalisation weighted index representing the performance of approximately 98 per cent of the SGX Mainboard which pass the size, free float, and liquidity
screens. As at the end of July there were 125 constituents in the index.

FTSE ST ALL-SHARE INDEX FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

160 Within the size segments of FTSE ST All-


Index Rebased (31 Jul 2012=100)

140 Share Index, large cap companies had the


best performance in July with the STI up
120
3.19 per cent, followed by large & mid cap
100 companies seeing an increase of 2.66 per
80 cent.
60
Mid cap companies were the worst
40
performers although up 0.85 per cent.
20
0 The FTSE ST All-Share Index had a
performance of 2.49 per cent.

STI FTSE ST Large & Mid Cap Index FTSE ST Mid Cap Index
FTSE ST Small Cap Index FTSE ST All-Share Index FTSE ST Fledgling Index

FTSE ST ALL-SHARE INDEX HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
STI 3.19 4.85 9.28 15.58 16.06 -1.32 9.65 -0.44 1.86 0.01 6.24 -14.34 -0.07 3.22
FTSE ST Large & Mid Cap Index 2.66 3.86 8.44 14.58 15.53 0.19 11.47 0.06 2.20 -1.25 5.84 -13.39 1.93 3.32
FTSE ST Mid Cap Index 0.85 0.19 5.33 8.86 8.61 -5.46 5.92 -1.86 1.16 -6.72 3.78 -10.83 1.70 4.46
FTSE ST Small Cap Index -0.14 2.08 5.99 8.73 6.59 -26.71 -9.99 -9.84 -2.08 3.98 -9.18 -18.04 -6.18 5.02
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42
FTSE ST Fledgling Index 2.20 0.71 11.06 14.93 22.18 -6.74 30.24 -2.30 5.43 19.29 -6.10 4.00 -14.06 3.20
FTSE ST Catalist Index -0.68 -6.73 -0.57 7.71 7.26 -49.54 -43.87 -20.39 -10.91 15.64 -31.59 -32.52 -11.18 1.63
FTSE ST China Index 5.79 2.92 9.77 16.93 24.88 3.27 7.93 1.08 1.54 -5.21 -1.38 -5.80 -2.55 2.69
FTSE ST Maritime Index 17.28 19.92 57.75 57.09 47.41 4.50 0.22 1.48 0.04 6.82 -15.46 -6.59 -22.25 3.09
FTSE ST Real Estate Index 3.31 3.63 12.88 19.79 17.24 9.14 22.99 2.96 4.23 -9.68 6.82 -7.19 -0.41 4.10

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) INDUSTRY BREAKDOWN (%)

100 0.55 0.17


8.82 6.10 Basic Materials
0.15 8.16
80
4.03 Consumer Goods
Consumer Services
60 Financials
14.81 Health Care
40 Industrials
Oil & Gas
20 0.42
Technology
Telecommunications
0
Utilities

56.78

Source: FTSE Russell 10 of 30


FTSE ST All-Share Index Data as at: 31 July 2017

RELATIVE PERFORMANCE AGAINST FTSE ST ALL-SHARE INDEX (SGD PRICE RETURN)

1 MONTH 1 YEAR

Large (STI) 0.70 Large (STI) 1.06


Large & Mid 0.17 Large & Mid 0.53
FTSE ST Indices

FTSE ST Indices
Mid -1.64 Mid -6.39
Small -2.63 Small -8.41
Fledgling -0.29 Fledgling 7.18
Catalist -3.17 Catalist -7.74
Real Estate Real Estate

-4.0 -3.0 -2.0 -1.0 - 1.0 -10.0 -5.0 - 5.0 10.0

Relative Performance (%) Relative Performance (%)

Basic Materials -7.18 Basic Materials -14.78


Consumer Goods 0.48 Consumer Goods -13.54
FTSE ST Industry Indices

FTSE ST Industry Indices


Consumer Services -3.39 Consumer Services -15.27
Financials 1.42 Financials 10.07
Health Care -5.22 Health Care -27.92
Industrials -2.40 Industrials -1.20
Oil & Gas -0.08 Oil & Gas 2.72
Technology -1.30 Technology -16.60
Telecommunication -0.98 Telecommunication -22.42
Utilities -6.88 Utilities -20.17

-8.0 -6.0 -4.0 -2.0 - 2.0 -30.0 -20.0 -10.0 - 10.0 20.0

Relative Performance (%) Relative Performance (%)

FTSE ST INDEX SERIES PORTFOLIO CHARACTERISTICS

Straits Times FTSE ST Large FTSE ST Mid FTSE ST Small FTSE ST All- FTSE ST FTSE ST Catalist FTSE ST Real
Index (STI) & Mid Cap Index Cap Index Cap Index Share Index Fledgling Index Index Estate Index

Number of Constituents 30 63 41 62 125 241 172 42


Full Market Cap (SGDm) 524,480 666,744 126,973 38,705 705,448 23,907 9,610 150,949
% FTSE ST All-Share Index 74.35 94.51 18.00 5.49 100.00 - - 21.40
Review Turnover - September 2016 13.78 0.61 9.67 18.04 1.59 23.90 9.14 2.60
March 2017 0.61 0.60 29.31 12.82 1.29 15.15 10.28 2.02
Totals 14.39 1.21 38.98 30.86 2.88 39.05 19.42 4.62
Net Market Cap (SGDm) 286,572 338,696 71,578 20,602 359,298 11,296 4,074 91,735
Dividend Yield (%) 3.22 3.32 4.46 5.02 3.42 3.20 0.00 2.69
Constituent Sizes (Net Market Cap SGDm)
Average 9,552 5,376 1,746 332 2,874 47 24 2,184
Largest 38,629 38,629 4,724 1,083 38,629 308 200 11,882
Smallest 848 230 230 11 11 1.3 1 103
Median 5,509 2,515 1,185 247 761 32 13 980
Weight of Largest Constituent (%) 13.48 11.41 6.60 5.26 10.75 2.73 4.90 12.95
Top 10 Holdings (% Index Market Cap) 70.62 60.01 51.13 40.88 56.57 19.22 31.33 67.40

Source: FTSE Russell 11 of 30


FTSE ST All-Share Index Data as at: 31 July 2017

FTSE ST INDEX SERIES HISTORICAL VOLATILITY (SGD PRICE RETURN)

25

20
STI
Volatility (%)

15 FTSE ST Large & Mid Cap Index


FTSE ST Mid Cap Index
10 FTSE ST Small Cap Index
FTSE ST All-Share Index
5
FTSE ST Fledgling Index
0 FTSE ST Real Estate Index

Index volatility is calculated on a rolling 180 days basis.

FTSE ST INDEX SERIES HISTORICAL VOLATILITY TABLE (SGD PRICE RETURN)

YTD 1Y 3Y 5Y 2013 2014 2015 2016


Index Name
(%)* (%)* (%)** (%)*** (%)* (%)* (%)* (%)*
STI 8.40 9.10 12.60 11.08 10.11 8.65 12.44 14.37
FTSE ST Large & Mid Cap Index 7.74 8.36 11.83 10.42 9.98 8.03 11.87 12.66
FTSE ST Mid Cap Index 6.50 7.69 11.84 10.61 12.41 6.69 10.95 10.58
FTSE ST Small Cap Index 6.38 7.05 14.16 12.70 12.48 7.56 12.82 9.61
FTSE ST All-Share Index 7.46 8.11 11.83 10.40 9.90 7.86 11.76 12.35
FTSE ST Fledgling Index 6.27 6.29 13.01 13.88 11.39 7.32 11.49 15.76
FTSE ST Catalist Index 12.99 13.33 17.91 19.94 21.82 13.26 17.33 14.61
FTSE ST Real Estate Index 8.11 8.99 12.26 11.75 12.54 7.59 12.13 11.49

* Based on annualised daily total log returns. ** Based on annualised weekly total log returns. *** Based on annualised monthly total log returns.

FTSE ST INDEX SERIES HISTORICAL SHARPE RATIO (SGD PRICE RETURN)

Index Name YTD* 1Y* 3Y** 5Y*** 2013* 2014* 2015* 2016*
STI 2.95 1.56 -0.11 0.17 -0.03 0.67 -1.30 -0.06
FTSE ST Large & Mid Cap Index 3.01 1.64 -0.07 0.21 -0.15 0.67 -1.27 0.09
FTSE ST Mid Cap Index 2.24 0.98 -0.23 0.11 -0.58 0.51 -1.11 0.09
FTSE ST Small Cap Index 2.25 0.81 -0.79 -0.17 0.29 -1.31 -1.60 -0.74
FTSE ST All-Share Index 3.06 1.64 -0.12 0.18 -0.13 0.56 -1.31 0.06
FTSE ST Fledgling Index 3.81 3.08 -0.25 0.38 1.52 -0.90 0.28 -1.01
FTSE ST Catalist Index 0.98 0.47 -1.32 -0.58 0.65 -2.89 -2.31 -0.86
FTSE ST Real Estate Index 3.82 1.69 0.17 0.35 -0.83 0.83 -0.67 -0.10

* Based on annualised daily total log returns. ** Based on annualised weekly total log returns. *** Based on annualised monthly total log returns.
Note: Singapore 3-Month interbank offered rate (SIBOR) is used as the risk free rate.

FTSE ST INDEX SERIES HISTORICAL CORRELATION AGAINST FTSE ST ALL-SHARE INDEX (SGD PRICE RETURN)

YTD 1Y 3Y 5Y 2013 2014 2015 2016


Index Name
(%)* (%)* (%)** (%)*** (%)* (%)* (%)* (%)*
STI 0.9899 0.9883 0.9861 0.9845 0.9778 0.9922 0.9898 0.9882
FTSE ST Large & Mid Cap Index 0.9990 0.9991 0.9992 0.9989 0.9980 0.9990 0.9992 0.9996
FTSE ST Mid Cap Index 0.6954 0.7623 0.9250 0.8855 0.8299 0.8105 0.8714 0.8673
FTSE ST Small Cap Index 0.4821 0.5702 0.8407 0.8147 0.7237 0.7595 0.8013 0.7727
FTSE ST Fledgling Index 0.3573 0.3232 0.4911 0.4919 0.5111 0.5431 0.5733 0.1589
FTSE ST Catalist Index 0.4654 0.4318 0.6201 0.6242 0.3700 0.4565 0.5315 0.4689
FTSE ST Real Estate Index 0.7368 0.7863 0.8894 0.8797 0.8669 0.8178 0.8671 0.8755

* Based on annualised daily total log returns. ** Based on annualised weekly total log returns. *** Based on annualised monthly total log returns.

Source: FTSE Russell 12 of 30


FTSE ST All-Share Index Data as at: 31 July 2017

FTSE ST ALL-SHARE INDEX TOP 5 AND BOTTOM 5 SECTOR PERFORMERS

ICB Code ICB Sector Number of Cons Net Market Cap (SGDm) Index Weight (%) 1M Perf (%) 1Y Perf (%) Div Yield (%)
2750 Industrial Engineering 5 3,778 1.05 15.77 46.40 3.14
2730 Electronic & Electrical Equipment 2 3,411 0.95 8.83 46.02 3.83
TOP

3760 Personal Goods 1 423 0.12 8.45 - 1.49


3530 Beverages 1 9,352 2.60 6.11 -7.73 2.56
8630 Real Estate Investment & Services 10 42,846 11.92 5.72 31.02 2.24
7570 Gas, Water & Multiutilities 4 1,994 0.55 -4.39 -4.84 4.31
5330 Food & Drug Retailers 1 404 0.11 -4.55 -8.20 3.97
BOTTOM

5370 General Retailers 4 4,361 1.21 -8.41 2.00 2.63


5550 Media 2 5,438 1.51 -8.47 -20.19 5.77
1750 Industrial Metals & Mining 1 264 0.07 -8.89 -16.33 2.44

FTSE ST ALL-SHARE INDEX TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 D05 DBS Group Holdings Banks 38,629 10.75 4.24
2 O39 Oversea-Chinese Banking Banks 37,107 10.33 5.28
3 U11 United Overseas Bank Banks 30,207 8.41 3.76
4 Z74 Singapore Telecommunications Mobile Telecommunications 29,501 8.21 2.06
5 J36 Jardine Matheson Holdings Diversified Industrials 17,602 4.90 -2.04
6 H78 Hongkong Land Holdings Real Estate Holding & Development 11,882 3.31 0.70
7 J37 Jardine Strategic Holdings Diversified Industrials 10,034 2.79 -3.54
8 MC0 Global Logistic Properties Real Estate Holding & Development 9,673 2.69 15.73
9 Y92 Thai Beverage Brewers 9,352 2.60 6.11
10 C31 Capitaland Real Estate Holding & Development 9,262 2.58 5.43
Totals 203,248 56.57 -

FTSE ST ALL-SHARE INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
A50 Rowsley Gambling 134 0.04 67.61
SK3 KrisEnergy Exploration & Production 45 0.01 35.51
TOP

BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 0.81 18.91
MC0 Global Logistic Properties Real Estate Holding & Development 9,673 2.69 15.73
AXB Yongnam Hldg Heavy Construction 79 0.02 14.63
T4B Sino Grandness Food Industry Group Ltd. Food Products 129 0.04 -10.20
600 Hyflux Ltd Water 253 0.07 -12.73
BOTTOM

B2F M1 Mobile Telecommunications 621 0.17 -17.20


N21 Noble Group Diversified Industrials 333 0.09 -19.35
RC5 Triyards Holdings Oil Equipment & Services 11 0.00 -51.36

Source: FTSE Russell 13 of 30


FTSE ST Large & Mid Cap Index Data as at: 31 July 2017

INDEX OVERVIEW

The FTSE ST Large & Mid Cap Index comprises the companies within the top 90% of the Index Universe by full market capitalisation. The index is a free float adjusted market-
capitalisation weighted index representing the performance of the large and mid-capitalised companies trading on the SGX Mainboard, which pass the size, free float, and
liquidity screens. As at the end of July there were 63 constituents in the index.

FTSE ST LARGE & MID CAP INDEX FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

140 The FTSE ST Large & Mid Cap Index ended


Index Rebased (31 Jul 2012=100)

the month in positive territory in July up 2.66


120
per cent, outperforming the FTSE ST All-
100 Share Index by 0.17 per cent.
80
Year to date the FTSE ST Large & Mid Cap
60 Index performance is up by 14.58 per cent,
40 with a volatility of 7.74 per cent, lower than
2016s volatility of 12.66 per cent.
20
0 Industrial Engineering had the best sector
performance in the FTSE ST Large & Mid Cap
Index in July, up 18.91 per cent.

FTSE ST Large & Mid Cap Index FTSE ST All-Share Index

FTSE ST LARGE & MID CAP INDEX HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
FTSE ST Large & Mid Cap Index 2.66 3.86 8.44 14.58 15.53 0.19 11.47 0.06 2.20 -1.25 5.84 -13.39 1.93 3.32
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

FTSE ST LARGE & MID CAP INDEX HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 0 1 68 296,637 67 297,203 0.61
March 2017 0 0 66 331,042 66 331,398 0.60
Total 1.21

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) INDUSTRY BREAKDOWN (%)

0.51
100 6.08
0.13 9.36 Basic Materials
80 3.98
7.89 Consumer Goods
Consumer Services
60 Financials
14.73 Health Care
40 Industrials
Oil & Gas
20 0.33
Technology
Telecommunications
0
Utilities

56.98

Source: FTSE Russell 14 of 30


FTSE ST Large & Mid Cap Index Data as at: 31 July 2017

FTSE ST LARGE & MID CAP INDEX TOP 5 AND BOTTOM 5 SECTOR PERFORMERS

ICB Code ICB Sector Number of Cons Net Market Cap (SGDm) Index Weight (%) 1M Perf (%) 1Y Perf (%) Div Yield (%)
2750 Industrial Engineering 1 2,902 0.86 18.91 62.64 2.83
2730 Electronic & Electrical Equipment 1 3,331 0.98 9.29 47.98 3.80
TOP

3530 Beverages 1 9,352 2.76 6.11 -7.73 2.56


8630 Real Estate Investment & Services 7 41,746 12.33 5.82 31.48 2.18
8350 Banks 3 105,943 31.28 4.47 34.86 2.95
7570 Gas, Water & Multiutilities 3 1,740 0.51 -3.04 -2.72 4.80
4530 Health Care Equipment & Services 1 1,131 0.33 -4.10 -18.41 1.56
BOTTOM

2350 Construction & Materials 1 1,157 0.34 -4.38 13.91 4.58


5370 General Retailers 1 3,988 1.18 -9.00 2.88 2.49
5550 Media 1 4,637 1.37 -9.91 -23.02 4.81

FTSE ST LARGE & MID CAP INDEX TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 D05 DBS Group Holdings Banks 38,629 11.41 4.24
2 O39 Oversea-Chinese Banking Banks 37,107 10.96 5.28
3 U11 United Overseas Bank Banks 30,207 8.92 3.76
4 Z74 Singapore Telecommunications Mobile Telecommunications 29,501 8.71 2.06
5 J36 Jardine Matheson Holdings Diversified Industrials 17,602 5.20 -2.04
6 H78 Hongkong Land Holdings Real Estate Holding & Development 11,882 3.51 0.70
7 J37 Jardine Strategic Holdings Diversified Industrials 10,034 2.96 -3.54
8 MC0 Global Logistic Properties Real Estate Holding & Development 9,673 2.86 15.73
9 Y92 Thai Beverage Brewers 9,352 2.76 6.11
10 C31 Capitaland Real Estate Holding & Development 9,262 2.73 5.43
Totals 203,248 60.01 -

FTSE ST LARGE & MID CAP INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 0.86 18.91
MC0 Global Logistic Properties Real Estate Holding & Development 9,673 2.86 15.73
TOP

V03 Venture Corp Electronic Equipment 3,331 0.98 9.29


NS8U Hutchison Port Holdings Trust Transportation Services 3,253 0.96 8.88
G13 Genting Singapore Gambling 6,719 1.98 7.37
BHK SIIC Environment Holdings Water 416 0.12 -6.73
C07 Jardine Cycle & Carriage Specialty Retailers 3,988 1.18 -9.00
BOTTOM

S59 SIA Engineering Transportation Services 848 0.25 -9.67


T39 Singapore Press Holdings Publishing 4,637 1.37 -9.91
B2F M1 Mobile Telecommunications 621 0.18 -17.20

Source: FTSE Russell 15 of 30


FTSE ST Mid Cap Index Data as at: 31 July 2017

INDEX OVERVIEW

The FTSE ST Mid Cap Index comprises the companies below the top 70%, but within the top 90% of the Index Universe by full market capitalisation. The index is a free float
adjusted market-capitalisation weighted index representing the performance of the mid-capitalised companies trading on the SGX Mainboard, which pass the size, free float,
and liquidity screens. As at the end of July there were 41 constituents in the index.

FTSE ST MID CAP INDEX FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

140 The FTSE ST Mid Cap Index ended the month


Index Rebased (31 Jul 2012=100)

in positive territory in July up 0.85 per cent,


120
although underperforming the FTSE ST All-
100 Share Index by 1.64 per cent.
80
Year to date the FTSE ST Mid Cap Index
60 performance is up by 8.86 per cent, with a
40 volatility of 6.50 per cent, lower than 2016s
volatility of 10.58 per cent.
20
0 Industrial Engineering had the best sector
performance in the FTSE ST Mid Cap Index in
July, up 18.91 per cent.

FTSE ST Mid Cap Index FTSE ST All-Share Index

FTSE ST MID CAP INDEX HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
FTSE ST Mid Cap Index 0.85 0.19 5.33 8.86 8.61 -5.46 5.92 -1.86 1.16 -6.72 3.78 -10.83 1.70 4.46
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

FTSE ST MID CAP INDEX HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 1 1 41 51,920 41 54,204 9.67
March 2017 3 0 40 56,633 43 66,558 29.31
Total 38.98

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) INDUSTRY BREAKDOWN (%)

2.43
100 0.633.06 5.18
1.91
Basic Materials
80 Consumer Goods
15.01
Consumer Services
60 23.09 Financials
Health Care
40 Industrials
Oil & Gas
20
Technology
1.58
Telecommunications
0
Utilities

47.09

Source: FTSE Russell 16 of 30


FTSE ST Mid Cap Index Data as at: 31 July 2017

FTSE ST MID CAP INDEX TOP 5 AND BOTTOM 5 SECTOR PERFORMERS

ICB Code ICB Sector Number of Cons Net Market Cap (SGDm) Index Weight (%) 1M Perf (%) 1Y Perf (%) Div Yield (%)
2750 Industrial Engineering 1 2,902 4.05 18.91 62.64 2.83
2730 Electronic & Electrical Equipment 1 3,331 4.65 9.29 47.98 3.80
TOP

8630 Real Estate Investment & Services 3 5,649 7.89 3.14 48.86 1.95
3570 Food Producers 3 3,708 5.18 3.10 10.70 1.63
0570 Oil Equipment, Services & Distribution 1 1,368 1.91 2.43 19.50 1.48
7570 Gas, Water & Multiutilities 3 1,740 2.43 -3.04 -2.72 4.80
4530 Health Care Equipment & Services 1 1,131 1.58 -4.10 -18.41 1.56
BOTTOM

2350 Construction & Materials 1 1,157 1.62 -4.38 13.91 4.58


6570 Mobile Telecommunications 2 2,193 3.06 -5.32 -23.94 6.73
5550 Media 1 4,637 6.48 -9.91 - 4.81

FTSE ST MID CAP INDEX TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 C52 ComfortDelGro Travel & Tourism 4,724 6.60 0.43
2 T39 Singapore Press Holdings Publishing 4,637 6.48 -9.91
3 T82U Suntec REIT Industrial & Office REITs 4,623 6.46 1.60
4 U14 UOL Group Real Estate Holding & Development 3,703 5.17 3.27
5 V03 Venture Corp Electronic Equipment 3,331 4.65 9.29
6 C61U CapitaLand Commercial Trust Industrial & Office REITs 3,324 4.64 3.61
7 NS8U Hutchison Port Holdings Trust Transportation Services 3,253 4.55 8.88
8 S58 SATS Transportation Services 3,053 4.26 -5.48
9 N2IU Mapletree Commercial Trust Diversified REITs 3,047 4.26 0.63
10 BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 4.05 18.91
Totals 36,597 51.13 -

FTSE ST MID CAP INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 4.05 18.91
V03 Venture Corp Electronic Equipment 3,331 4.65 9.29
TOP

NS8U Hutchison Port Holdings Trust Transportation Services 3,253 4.55 8.88
E5H Golden Agri-Resources Farming, Fishing & Plantations 2,515 3.51 5.33
C61U CapitaLand Commercial Trust Industrial & Office REITs 3,324 4.64 3.61
S58 SATS Transportation Services 3,053 4.26 -5.48
BHK SIIC Environment Holdings Water 416 0.58 -6.73
BOTTOM

S59 SIA Engineering Transportation Services 848 1.18 -9.67


T39 Singapore Press Holdings Publishing 4,637 6.48 -9.91
B2F M1 Mobile Telecommunications 621 0.87 -17.20

Source: FTSE Russell 17 of 30


FTSE ST Small Cap Index Data as at: 31 July 2017

INDEX OVERVIEW

The FTSE ST Small Cap Index comprises the companies below the top 90% of the Index Universe by full market capitalisation. The index is a free float adjusted market-
capitalisation weighted index representing the performance of the small-capitalised companies trading on the SGX Mainboard, which pass the size, free float, and liquidity
screens. As at the end of July there were 62 constituents in the index.

FTSE ST SMALL CAP INDEX FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

140 The FTSE ST Small Cap Index ended the


Index Rebased (31 Jul 2012=100)

month in negative territory in July down 0.14


120
per cent, underperforming the FTSE ST All-
100 Share Index by 2.63 per cent.
80
Year to date the FTSE ST Small Cap Index
60 performance is up by 8.73 per cent, with a
40 volatility of 6.38 per cent, lower than 2016s
volatility of 9.61 per cent.
20
0 Financial Services had the best sector
performance in the FTSE ST Small Cap Index
in July, up 13.28 per cent.

FTSE ST Small Cap Index FTSE ST All-Share Index

FTSE ST SMALL CAP INDEX HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
FTSE ST Small Cap Index -0.14 2.08 5.99 8.73 6.59 -26.71 -9.99 -9.84 -2.08 3.98 -9.18 -18.04 -6.18 5.02
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

FTSE ST SMALL CAP INDEX HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 4 14 72 18,068 62 18,366 18.04
March 2017 6 9 64 19,735 61 19,818 12.82
Total 30.86

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) INDUSTRY BREAKDOWN (%)

0.331.23 3.01
100 4.85 6.48 Basic Materials
80 Consumer Goods
16.15
12.59 Consumer Services
60 Financials
Health Care
1.90
40 Industrials
Oil & Gas
20 Technology
Telecommunications
0
Utilities

53.45

Source: FTSE Russell 18 of 30


FTSE ST Small Cap Index Data as at: 31 July 2017

FTSE ST SMALL CAP INDEX TOP 5 AND BOTTOM 5 SECTOR PERFORMERS

ICB Code ICB Sector Number of Cons Net Market Cap (SGDm) Index Weight (%) 1M Perf (%) 1Y Perf (%) Div Yield (%)
8770 Financial Services 1 118 0.57 13.28 -10.90 44.14
3760 Personal Goods 1 423 2.05 8.45 - 1.49
TOP

2750 Industrial Engineering 4 876 4.25 6.47 11.20 4.19


5750 Travel & Leisure 3 1,016 4.93 5.73 5.05 5.62
2350 Construction & Materials 6 1,367 6.64 2.93 10.72 2.65
5330 Food & Drug Retailers 1 404 1.96 -4.55 -8.20 3.97
2730 Electronic & Electrical Equipment 1 80 0.39 -7.46 - 5.16
BOTTOM

1750 Industrial Metals & Mining 1 264 1.28 -8.89 -16.33 2.44
7570 Gas, Water & Multiutilities 1 253 1.23 -12.73 -17.24 0.94
2720 General Industrials 1 333 1.61 -19.35 - 0.00

FTSE ST SMALL CAP INDEX TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 BUOU Frasers Logistics & Industrial Trust Industrial & Office REITs 1,083 5.26 1.39
2 D5IU Lippo Malls Indonesia Retail Trust Retail REITs 912 4.43 3.37
3 S6NU Croesus Retail Trust Retail REITs 904 4.39 0.85
4 AJBU Keppel DC REIT Specialty REITs 866 4.20 -0.78
5 CY6U Ascendas India Trust Real Estate Holding & Development 831 4.03 1.32
6 ND8U Frasers Commercial Trust Industrial & Office REITs 817 3.96 -1.75
7 S7OU Asian Pay Television Trust Broadcasting & Entertainment 801 3.89 0.88
8 K2LU Cache Logistics Trust Industrial & Office REITs 761 3.70 -3.28
9 J91U ESR-REIT Industrial & Office REITs 737 3.58 -4.24
10 BTOU Manulife US REIT Industrial & Office REITs 711 3.45 0.75
Totals 8,423 40.88 -

FTSE ST SMALL CAP INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
A50 Rowsley Gambling 134 0.65 67.61
SK3 KrisEnergy Exploration & Production 45 0.22 35.51
TOP

AXB Yongnam Hldg Heavy Construction 79 0.38 14.63


BLT K1Ventures Specialty Finance 118 0.57 13.28
F83 COSCO Shipping International (Singapore) Commercial Vehicles & Trucks 296 1.44 10.91
UD2 Japfa Food Products 194 0.94 -10.08
T4B Sino Grandness Food Industry Group Ltd. Food Products 129 0.63 -10.20
BOTTOM

600 Hyflux Ltd Water 253 1.23 -12.73


N21 Noble Group Diversified Industrials 333 1.61 -19.35
RC5 Triyards Holdings Oil Equipment & Services 11 0.05 -51.36

Source: FTSE Russell 19 of 30


FTSE ST Fledgling Index Data as at: 31 July 2017

INDEX OVERVIEW

The FTSE ST Fledgling Index comprises the constituents listed on the SGX Mainboard that are not constituents of the FTSE ST All-Share Index. The index is a free float
adjusted market-capitalisation weighted index representing the performance of companies ranked below the top 98% of the Country Universe. As at the end of July there
were 241 constituents in the index.

FTSE ST FLEDGLING INDEX FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

160 The FTSE ST Fledgling Index ended the


Index Rebased (31 Jul 2012=100)

140 month in positive territory in July up 2.20 per


cent, although underperforming the FTSE ST
120 All-Share Index by 0.29 per cent.
100
80 Year to date the FTSE ST Fledgling Index
performance is up by 14.93 per cent, with a
60
volatility of 6.27 per cent, lower than 2016s
40 volatility of 15.76 per cent.
20
Personal Goods had the best sector
0
performance in the FTSE ST Fledgling Index
in July, up 28.21 per cent.

FTSE ST Fledgling Index FTSE ST All-Share Index

FTSE ST FLEDGLING INDEX HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
FTSE ST Fledgling Index 2.20 0.71 11.06 14.93 22.18 -6.74 30.24 -2.30 5.43 19.29 -6.10 4.00 -14.06 3.20
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

FTSE ST FLEDGLING INDEX HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 16 63 309 10,745 262 10,426 23.90
March 2017 4 6 251 11,884 249 11,435 15.15
Total 39.05

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) INDUSTRY BREAKDOWN (%)

Basic Materials
100 8.85
9.98 Consumer Goods
2.53 Consumer Services
80 10.50
Financials
60 Health Care
Industrials
7.06
40 Oil & Gas
Technology
20
Telecommunications
42.20 Utilities
0 16.13

2.75

Source: FTSE Russell 20 of 30


FTSE ST Fledgling Index Data as at: 31 July 2017

FTSE ST FLEDGLING INDEX TOP 5 AND BOTTOM 5 SECTOR PERFORMERS

ICB Code ICB Sector Number of Cons Net Market Cap (SGDm) Index Weight (%) 1M Perf (%) 1Y Perf (%) Div Yield (%)
3760 Personal Goods 6 124 1.10 28.21 13.82 0.91
4570 Pharmaceuticals & Biotechnology 3 276 2.45 7.28 25.76 3.28
TOP

2750 Industrial Engineering 28 1,140 10.09 5.95 40.36 4.80


3350 Automobiles & Parts 4 192 1.70 5.79 14.56 2.45
8770 Financial Services 10 831 7.36 5.49 13.99 3.41
3530 Beverages 2 167 1.47 -4.25 65.50 0.88
9530 Software & Computer Services 6 222 1.96 -4.95 -21.97 5.30
BOTTOM

3740 Leisure Goods 3 71 0.63 -18.07 -44.21 0.15


2710 Aerospace & Defense 1 6 0.05 -21.43 -22.81 0.00
4530 Health Care Equipment & Services 1 34 0.30 -25.71 91.07 1.87

FTSE ST FLEDGLING INDEX TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 BHQ Sunningdale Tech Industrial Machinery 308 2.73 16.09
2 P01 Poh Tiong Choon Transportation Services 285 2.52 -0.37
3 T14 Tianjin Zhongxin Pharmaceutical Group Pharmaceuticals 271 2.40 7.72
4 BMGU BHG Retail REIT Retail REITs 226 2.00 -0.68
5 F86 MYP Transportation Services 211 1.87 15.63
6 S49 Singapore Reinsurance Reinsurance 194 1.71 0.00
7 L09 Lung Kee (Bermuda) Holdings Iron & Steel 174 1.54 4.92
8 544 CSE Global Ltd Computer Services 170 1.51 -3.49
9 S35 Sing Investments & Finance Mortgage Finance 170 1.50 3.06
10 F03 Food Empire Holdings Soft Drinks 162 1.43 -1.49
Totals 2,172 19.22 -

FTSE ST FLEDGLING INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
RS1 China Environmental Resources Group Clothing & Accessories 61.83 0.55 90.91
KI3 Hu An Cable Holdings Electrical Components & Equipment 8.52 0.08 85.71
TOP

BJZ Koda Ltd Furnishings 26.57 0.24 50.00


RF7 Gaylin Holdings Oil Equipment & Services 11.91 0.11 42.86
BTX Anchun International Holdings Commodity Chemicals 4.33 0.04 27.66
AFC Yuuzoo Consumer Electronics 37.20 0.33 -30.38
BJD Vibropower Electrical Components & Equipment 3.71 0.03 -34.62
BOTTOM

BJE Jaya Holdings Commercial Vehicles & Trucks 1.59 0.01 -40.69
BKV Dukang Distillers Holdings Distillers & Vintners 4.65 0.04 -51.52
T09 Tt Intl Durable Household Products 9.35 0.08 -60.00

Source: FTSE Russell 21 of 30


FTSE ST Catalist Index Data as at: 31 July 2017

INDEX OVERVIEW

This index comprises the companies listed on the SGX Catalist. The index is a free float adjusted market-capitalisation weighted index representing the performance
of sponsored companies in the SGX Catalist. There is no liquidity requirement for constituents of the FTSE ST Catalist Index. As at the end of July there were 172
constituents in the index.

The FTSE ST Catalist Index aims to raise the profile of growth companies listed on Singapores SGX Catalist market and offers investors a tracking tool on the
performance of Catalist sponsored companies. This index forms part of the FTSE ST Index Series and is produced jointly by Singapore Press Holdings (SPH),
Singapore Exchange (SGX) and FTSE Group (FTSE).

About SGX Catalist:

First Sponsor-supervised regime in Asia for local and international growth companies

Exchange approved Sponsors provide guidance on corporate governance and rule compliance

Opportunity for retail and institutional investors to invest in growth companies

Offers a faster listing process for companies

FTSE ST CATALIST INDEX THREE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

120 The FTSE ST Catalist Index ended the


Index Rebased (31 Jul 2014=100)

month in negative territory in July down


100
0.68 per cent, underperforming the FTSE
80 ST All-Share Index by 3.17 per cent.

60 Year to date the FTSE ST Catalist Index


40 performance is up by 7.71 per cent, with a
volatility of 12.99 per cent, lower than
20 2016s volatility of 14.61 per cent.
0

FTSE ST Catalist Index FTSE ST All-Share Index

FTSE ST CATALIST INDEX HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
FTSE ST Catalist Index -0.68 -6.73 -0.57 7.71 7.26 -49.54 -43.87 -20.39 -10.91 15.64 -31.59 -32.52 -11.18 1.63
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

FTSE ST CATALIST INDEX HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 12 2 159 3,444 169 3,627 9.14
March 2017 7 1 168 4,291 174 4,546 10.28
Total 19.42

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

Source: FTSE Russell 22 of 30


FTSE ST Catalist Index Data as at: 31 July 2017

THREE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) INDUSTRY BREAKDOWN (%)

100 3.68
4.80
2.27
13.96 Basic Materials
80 Consumer Goods

5.59
Consumer Services
60 Financials
Health Care
40 26.35 Industrials
Oil & Gas
20 18.55
Technology
Telecommunications
0
Utilities
4.95
19.85

FTSE ST CATALIST INDEX TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 1B0 mm2 Asia Broadcasting & Entertainment 200 4.90 -8.04
2 41X Singapore O&G Health Care Providers 179 4.39 -22.48
3 42R JUMBO Group Restaurants & Bars 160 3.93 -7.94
4 5G3 Talkmed Group Health Care Providers 137 3.35 -2.99
5 5TP CNMC Goldmine Holdings Gold Mining 114 2.80 1.82
6 5F7 WILTON RESORCES CORP LTD Gold Mining 102 2.51 -2.63
7 5WE Moya Holdings Asia Water 99 2.42 8.00
8 1B1 HC Surgical Specialists Health Care Providers 97 2.39 7.32
9 42C IX Biopharma Pharmaceuticals 95 2.33 -1.89
10 40T ISEC Healthcare Health Care Providers 94 2.31 -3.03
Totals 1,276 31.33 -

FTSE ST CATALIST INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
42H Lereno Bio-Chem Alternative Fuels 1 0.03 400.00
C8R Jiutian Chemical Group Specialty Chemicals 46 1.14 150.00
TOP

5EK SinoCloud Group Computer Services 22 0.53 100.00


1C3 Samurai 2K Aerosol Specialty Chemicals 20 0.48 78.82
5UN Sincap Group Aluminum 13 0.33 68.75
L20 LifeBrandz Restaurants & Bars 5 0.13 -27.08
5UL Atlantic Navigation Holdings Iron & Steel 6 0.15 -27.50
BOTTOM

QG1 Metech International Waste & Disposal Services 5 0.13 -33.33


5I0 QT Vascular Biotechnology 18 0.44 -34.62
581 SUNRISE SHARES HOLDINGS Electrical Components & Equipment 7 0.18 -46.00

Source: FTSE Russell 23 of 30


FTSE ST China Index Data as at: 31 July 2017

INDEX OVERVIEW

As part of the FTSE ST Index Series there is a China themed indice the FTSE ST China Index. The FTSE ST China Index is based on the underlying constituents
of the FTSE ST All-Share Index which have the majority of their sales revenue derived from or operating assets located in Mainland China.

The indices are reviewed in line with the FTSE ST Index Series in March and September and at each review are screened for size, free-float and liquidity as part of
the FTSE ST All-Share Index to ensure that the index constituents have sufficient size and liquidity.

At each review to be eligible for inclusion in the FTSE ST China Index , the company must feature in the FTSE ST All-Share Index and derive either:

1) At least 50% of their sales revenue from Mainland China; or

2) At least 50% of their operating assets are located in Mainland China

Buffers are incorporated at the review to reduce index turnover when selecting Chinese companies.

As at the end of July there were 17 and 0 constituents respectively in the indices.

FTSE ST CHINA INDEX FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

140 The FTSE ST China Index ended the month


Index Rebased (31 Jul 2012=100)

120 in positive territory in July up 2.49 per cent,


outperforming the FTSE ST All-Share Index
100 by 2.49 per cent.
80
Year to date the FTSE ST China Index
60
performance is up by 14.24 per cent, with
40 a volatility of 7.46 per cent, lower than
20 2016s volatility of 12.35 per cent.
0

FTSE ST All-Share Index FTSE ST China Index

FTSE ST CHINA INDEX HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
FTSE ST China Index 5.79 2.92 9.77 16.93 24.88 3.27 7.93 1.08 1.54 -5.21 -1.38 -5.80 -2.55 2.69
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

FTSE ST CHINA INDEX HISTORICAL VOLATILITY TABLE (SGD PRICE RETURN)

YTD 1Y 3Y 5Y 2013 2014 2015 2016


Index Name
(%)* (%)* (%)** (%)*** (%)* (%)* (%)* (%)*
FTSE ST China Index 13.35 13.04 15.21 14.57 12.63 9.68 15.13 15.40
FTSE ST All-Share Index 7.46 8.11 11.83 10.40 9.90 7.86 11.76 12.35

* Based on annualised daily total log returns. ** Based on annualised weekly total log returns. *** Based on annualised monthly total log returns.

Source: FTSE Russell 24 of 30


FTSE ST China Index Data as at: 31 July 2017

FTSE ST CHINA INDEX HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 1 4 19 31,704 16 31,171 3.93
March 2017 3 4 18 37,000 17 37,423 4.99
Total 8.93

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) INDUSTRY BREAKDOWN (%)

FTSE ST CHINA INDEX FTSE ST CHINA INDEX

1.700.68
100 1.06
17.07 Basic Materials
80 Consumer Goods
17.32
Consumer Services
60 0.83 Financials
Health Care
40 Industrials
Oil & Gas
20 Technology
Telecommunications
0 Utilities

61.35

Source: FTSE Russell 25 of 30


FTSE ST China Index Data as at: 31 July 2017

FTSE ST CHINA INDEX TOP 5 AND BOTTOM 5 SECTOR PERFORMERS

ICB Code ICB Sector Number of Cons Net Market Cap (SGDm) Index Weight (%) 1M Perf (%) 1Y Perf (%) Div Yield (%)
2750 Industrial Engineering 3 3,450 8.91 16.93 53.17 2.53
2770 Industrial Transportation 1 3,253 8.41 8.88 0.40 7.04
TOP

8630 Real Estate Investment & Services 4 22,867 59.08 6.72 38.02 2.20
8670 Real Estate Investment Trusts 1 877 2.27 1.22 8.74 6.05
3570 Food Producers 2 6,607 17.07 -0.51 5.73 1.93
3570 Food Producers 2 6,607 17.07 -0.51 5.73 1.93
0530 Oil & Gas Producers 1 409 1.06 -1.80 - 2.74
BOTTOM

5370 General Retailers 2 320 0.83 -1.93 -24.83 4.34


7570 Gas, Water & Multiutilities 2 658 1.70 -3.66 -16.93 1.58
1750 Industrial Metals & Mining 1 264 0.68 -8.89 -16.33 2.44

FTSE ST CHINA INDICES TOP 10 CONSTITUENTS

Index Weight (%)


Net Market Cap FTSE ST China
Rank Local Code Constituent Name ICB Subsector
(SGDm)* Index
1 H78 Hongkong Land Holdings Real Estate Holding & Development 11,882 30.70
2 MC0 Global Logistic Properties Real Estate Holding & Development 9,673 24.99
3 F34 Wilmar International Limited Food Products 6,478 16.74
4 NS8U Hutchison Port Holdings Trust Transportation Services 3,253 8.41
5 BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 7.50
6 Z25 Yanlord Land Group Real Estate Holding & Development 1,185 3.06
7 AU8U CapitaLand Retail China Trust Management Retail REITs 877 2.27
8 BHK SIIC Environment Holdings Water 416 1.07
9 G92 China Aviation Oil (Singapore) Exploration & Production 409 1.06
10 F83 COSCO Shipping International (Singapore) Commercial Vehicles & Trucks 296 0.76
Totals 37,370 96.55

* Free float adjusted market cap before 10% capping

FTSE ST CHINA INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 7.50 18.91
MC0 Global Logistic Properties Real Estate Holding & Development 9,673 24.99 15.73
TOP

F83 COSCO Shipping International (Singapore) Commercial Vehicles & Trucks 296 0.76 10.91
NS8U Hutchison Port Holdings Trust Transportation Services 3,253 8.41 8.88
5DM Ying Li International Real Estate Real Estate Holding & Development 128 0.33 5.30
G92 China Aviation Oil (Singapore) Exploration & Production 409 1.06 -1.80
5SR Zhongmin Baihui Retail Group Broadline Retailers 30 0.08 -4.17
BOTTOM

BHK SIIC Environment Holdings Water 416 1.07 -6.73


5EN Midas Holdings Aluminum 264 0.68 -8.89
T4B Sino Grandness Food Industry Group Ltd. Food Products 129 0.33 -10.20

Source: FTSE Russell 26 of 30


FTSE ST Maritime Index Data as at: 31 July 2017

INDEX OVERVIEW

The FTSE ST Maritime Index aims to capture the performance of companies that earn a substantial proportion of their revenue from maritime related activities.
Maritime related activities include manufacturing, ownership, operation and repairing of commercial / cargo vessels. As at the end of July there were 4 constituents in
the index.

Screening Highlights:
Eligible constituents are screened in March and September and must be a member of the FTSE ST All-Share Index at the semi-annual review
The eligible ICB subsectors are Marine Transportation (2773) and Commercial Vehicles & Trucks (2753)
To be included in the index a company is required to have greater than 55% of total revenue from maritime related activities
Existing constituents will no longer be eligible if total revenue from maritime related activities falls below 45%

FTSE ST MARITIME INDEX FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

140 The FTSE ST Maritime Index ended the


Index Rebased (31 Jul 2012=100)

month in positive territory in July up 17.28


120
per cent, outperforming the FTSE ST All-
100 Share Index by 14.79 per cent.
80
Year to date the FTSE ST Maritime Index
60 performance is up by 57.09 per cent, with
40 a volatility of 31.54 per cent, higher than
2016s volatility of 25.98 per cent.
20
0

FTSE ST Maritime Index FTSE ST All-Share Index

FTSE ST MARITIME INDEX HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
FTSE ST Maritime Index 17.28 19.92 57.75 57.09 47.41 4.50 0.22 1.48 0.04 6.82 -15.46 -6.59 -22.25 3.09
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

FTSE ST MARITIME INDEX HISTORICAL VOLATILITY TABLE (SGD PRICE RETURN)

YTD 1Y 3Y 5Y 2013 2014 2015 2016


Index Name
(%)* (%)* (%)** (%)*** (%)* (%)* (%)* (%)*
FTSE ST Maritime Index 31.54 31.65 24.09 22.29 18.41 15.17 20.95 25.98
FTSE ST All-Share Index 7.46 8.11 11.83 10.40 9.90 7.86 11.76 12.35

FTSE ST MARITIME INDEX HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 0 1 5 1,932 4 1,920 1.19
March 2017 0 0 4 2,858 4 2,858 0.00
Total 1.19

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

Source: FTSE Russell 27 of 30


FTSE ST Maritime Index Data as at: 31 July 2017

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) SUBSECTOR BREAKDOWN (%)

100 2.90

80

60 Commercial Vehicles
& Trucks
40
Marine Transportation
20

97.10

FTSE ST MARITIME INDEX TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 87.62 18.91
2 F83 COSCO Shipping International (Singapore) Commercial Vehicles & Trucks 296 8.93 10.91
3 U6C PACC Offshore Services Holdings Marine Transportation 96 2.90 -1.72
4 N4E Nam Cheong Commercial Vehicles & Trucks 18 0.56 -4.76
5 - - - - - -
6 - - - - - -
7 - - - - - -
8 - - - - - -
9 - - - - - -
10 - - - - - -
Totals 3,312 100.00 -

FTSE ST MARITIME INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 87.62 18.91
F83 COSCO Shipping International (Singapore) Commercial Vehicles & Trucks 296 8.93 10.91
TOP

U6C PACC Offshore Services Holdings Marine Transportation 96 2.90 -1.72


N4E Nam Cheong Commercial Vehicles & Trucks 18 0.56 -4.76
- - - - - -
- - - - - -
BS6 Yangzijiang Shipbuilding Holdings Commercial Vehicles & Trucks 2,902 87.62 18.91
BOTTOM

F83 COSCO Shipping International (Singapore) Commercial Vehicles & Trucks 296 8.93 10.91
U6C PACC Offshore Services Holdings Marine Transportation 96 2.90 -1.72
N4E Nam Cheong Commercial Vehicles & Trucks 18 0.56 -4.76

Source: FTSE Russell 28 of 30


FTSE ST Real Estate Index Data as at: 31 July 2017

INDEX OVERVIEW

The FTSE ST Real Estate Index is comprised of the FTSE ST Real Estate Investment & Services Index and FTSE ST Real Estate Investment Trusts Index to offer investors
access to different segments of Singapores real estate market. The index is a free float adjusted market-capitalisation weighted index representing the performance of the
real estate companies trading on the SGX Mainboard, which pass the size, free float, and liquidity screens. As at the end of July there were 42 constituents in the headline real
estate index.

FTSE ST REAL ESTATE INDICES FIVE-YEAR PERFORMANCE (SGD PRICE RETURN) PERFORMANCE HIGHLIGHTS

160 The FTSE ST Real Estate Index ended the


Index Rebased (31 Jul 2012=100)

140 month in positive territory in July up 3.31


120 per cent, outperforming the FTSE ST All-
Share Index by 0.82 per cent.
100
80 Year to date the FTSE ST Real Estate Index
60 performance is up by 19.79 per cent, with
40 a volatility of 8.11 per cent, lower than
20 2016s volatility of 11.49 per cent.
0

FTSE ST Real Estate Index FTSE ST Real Estate Investment & Services Index
FTSE ST Real Estate Investment Trusts Index FTSE ST All-Share Index

FTSE ST REAL ESTATE INDICES HISTORICAL PERFORMANCE TABLE (SGD PRICE RETURN)

CUMULATIVE PERFORMANCE ANNUALISED PERFORMANCE


1M 3M 6M YTD 1Y 3Y 5Y 3Y 5Y 2013 2014 2015 2016 Div Yield
Index Name
(%) (%) (%) (%) (%) (%) (%) (%pa) (%pa) (%) (%) (%) (%) (%)
FTSE ST Real Estate Index 3.31 3.63 12.88 19.79 17.24 9.14 22.99 2.96 4.23 -9.68 6.82 -7.19 -0.41 4.10
FTSE ST Real Estate Investment & Services 5.72 2.37 16.22 26.99 31.02 15.12 33.23 4.81 5.91 -9.76 4.46 -3.37 -2.49 2.24
FTSE ST Real Estate Investment Trusts 1.28 4.83 10.08 14.00 7.05 4.76 14.50 1.56 2.75 -8.93 9.17 -10.72 1.95 5.73
FTSE ST All-Share Index 2.49 3.75 8.30 14.24 15.00 -1.70 9.85 -0.57 1.90 -1.01 4.79 -13.68 1.45 3.42

FTSE ST REAL ESTATE INDEX HISTORICAL VOLATILITY TABLE (SGD PRICE RETURN)

YTD 1Y 3Y 5Y 2013 2014 2015 2016


Index Name
(%)* (%)* (%)** (%)*** (%)* (%)* (%)* (%)*
FTSE ST Real Estate Index 8.11 8.99 12.26 11.75 12.54 7.59 12.13 11.49
FTSE ST Real Estate Investment & Services Index 13.66 13.61 16.27 15.37 14.32 11.22 15.81 15.73
FTSE ST Real Estate Investment Trusts Index 5.59 7.91 10.87 10.83 12.98 5.91 10.82 10.74
FTSE ST All-Share Index 7.46 8.11 11.83 10.40 9.90 7.86 11.76 12.35

FTSE ST REAL ESTATE INDEX HISTORICAL REVIEW TURNOVER

BEFORE REVIEW AFTER REVIEW


Review Month Number of Adds Number of Dels Number of Cons Net Market Cap (SGDm) Number of Cons Net Market Cap (SGDm) 2-Way Turnover (%)
September 2016 1 1 43 79,313 43 80,035 2.60
March 2017 0 2 44 87,338 42 86,573 2.02
Total 4.62

Note: The majority of index changes occurs at the index reviews in March and September. Review changes to the index may include constituent
additions/deletions, shares in issue and free float changes, and changes due to corporate events.

Source: FTSE Russell 29 of 30


FTSE ST Real Estate Index Data as at: 31 July 2017

FIVE-YEAR HISTORICAL INDUSTRY BREAKDOWN (%) SECTOR BREAKDOWN (%)

100

80

60 53.29 Real Estate Investment


& Services
40 Real Estate Investment
46.71
Trusts
20

FTSE ST REAL ESTATE INDEX TOP 10 CONSTITUENTS

Rank Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
1 H78 Hongkong Land Holdings Real Estate Holding & Development 11,882 12.95 0.70
2 MC0 Global Logistic Properties Real Estate Holding & Development 9,673 10.54 15.73
3 C31 Capitaland Real Estate Holding & Development 9,262 10.10 5.43
4 A17U Ascendas Real Estate Investment Trust Industrial & Office REITs 6,409 6.99 3.45
5 C09 City Developments Real Estate Holding & Development 5,281 5.76 4.94
6 C38U CapitaLand Mall Trust Retail REITs 4,627 5.04 1.77
7 T82U Suntec REIT Industrial & Office REITs 4,623 5.04 1.60
8 U14 UOL Group Real Estate Holding & Development 3,703 4.04 3.27
9 C61U CapitaLand Commercial Trust Industrial & Office REITs 3,324 3.62 3.61
10 N2IU Mapletree Commercial Trust Diversified REITs 3,047 3.32 0.63
Totals 61,830 67.40 -

FTSE ST REAL ESTATE INDEX TOP 5 AND BOTTOM 5 PERFORMERS

Local Code Constituent Name ICB Subsector Net Market Cap (SGDm) Index Weight (%) 1M Perf (%)
MC0 Global Logistic Properties Real Estate Holding & Development 9,673 10.54 15.73
C31 Capitaland Real Estate Holding & Development 9,262 10.10 5.43
TOP

5DM Ying Li International Real Estate Real Estate Holding & Development 128 0.14 5.30
OU8 Centurion Real Estate Holding & Development 141 0.15 5.10
C09 City Developments Real Estate Holding & Development 5,281 5.76 4.94
ND8U Frasers Commercial Trust Industrial & Office REITs 817 0.89 -1.75
BOTTOM

J69U Frasers Centrepoint Trust Retail REITs 1,146 1.25 -1.87


M1GU Sabana Shari'ah Compliant REIT Industrial & Office REITs 436 0.48 -3.23
K2LU Cache Logistics Trust Industrial & Office REITs 761 0.83 -3.28
J91U ESR-REIT Industrial & Office REITs 737 0.80 -4.24

Data definitions available from ftserussell.com


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Source: FTSE Russell 30 of 30

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