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

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).