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Suntec Reit to join SiMSCI; PACC Offshore, Japfa, Frasers Hosp, Accordia Golf to be in MSCI Singapore Small Cap Index


A FEW stocks on the Singapore Exchange (SGX) will be affected by coming changes to the MSCI Singapore Index (SiMSCI) and the MSCI Singapore Small Cap Index, said an SGX market update on Wednesday.

From Nov 26, Suntec real estate investment trust (Reit) will join the SiMSCI, replacing commodity play Olam International.

In 2014 year-to-date, the SiMSCI Index generated a total return of 4.2 per cent in Singapore dollar terms, with a dividend yield of 3.6 per cent and a price to earnings ratio of 12.8.

At the close of Nov 25, offshore support vessel provider PACC Offshore Services Holdings, Indonesian food producer Japfa, hotel and serviced residence group Frasers Hospitality Trust and Japanese golf course owner Accordia Golf Trust will replace Keppel Infrastructure Trust, Stamford Land Corporation, Suntec Reit and Swiber Holdings in the MSCI Singapore Small Cap Index.

Year-to-date, the MSCI Singapore Small Cap Index generated a total return of 4.6 per cent and has a dividend yield of 4.4 per cent, SGX said. The price to earnings ratio was 11.9 times.

Stocks included in these indices could get a liquidity boost as the indices get tracked by funds.

The link to the market update can be found here.