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Seatrium’s inclusion in the STI in June changes previous assumption about index methodology

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Raphael Lim

Raphael Lim

Published Tue, Jun 13, 2023 · 05:50 AM
    • FTSE Russell said the STI is reviewed semi-annually in March and September, when all SGX-listed securities are screened based on the eligibility criteria in conjunction with Section 4 and Section 5 of the Straits Times Index Ground Rules.
    • FTSE Russell said the STI is reviewed semi-annually in March and September, when all SGX-listed securities are screened based on the eligibility criteria in conjunction with Section 4 and Section 5 of the Straits Times Index Ground Rules. PHOTO: BT FILE

    SEATRIUM’S inclusion in the Straits Times Index (STI) this month surprised several market watchers, and changes what many previously assumed about how the index is reviewed.

    Its addition as an index constituent – at the expense of Keppel DC Reit – was not unexpected.

    Analysts had previously flagged that its large size following the conclusion of a deal made it a potential STI candidate. Seatrium was previously known as Sembcorp Marine. Its market capitalisation ballooned following its acquisition of Keppel Offshore and Marine (KOM).

    Hock Lock SiewseatriumStraits Times Index

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