The Singapore Exchange (SGX) celebrates the 10th anniversary of Catalist Board this year. This board provides an alternative listing path, from the Mainboard, for smaller companies and bright growth prospects hoping to list in Singapore.
Companies that are unable to meet certain profitability and revenue track record are likely to be listed on Catalist. This is because these companies tend to be smaller but with growth potential rather than large companies with stable financial footing and track record.
Of course, companies that list on Catalist are also required to adhere to stringent listing requirements and rules. In addition, they have to appoint a sponsor who is required to understand the company’s business, investigate the suitability of the company’s directors, ensure the company has sufficient resources and know-how to fulfil their listing obligations, advise them on rules and corporate governance matters, review all documents that the company releases to ensure accuracy, monitor its trading activity, provide advice and ensure due diligence is done for any corporate action.
On top of that, Catalist-listed companies also appoint Independent Directors who ensures the company is well-managed and takes decisions that benefits all shareholders.
All this shows that companies listed on Catalist still have to be very well managed and have sufficient business to sustain the added costs of being listed.
Since the start of the year, the FTSE ST Catalist Index, which has 185 constituents, has returned approximately 4.3%.
#1 UnUsUal Limited (SGX: 1D1)
Listed on 10 April 2017, UnUsUal is the largest weighted component on the FTSE ST Catalist Index with a market capitalisation of nearly $315 million.
An offshoot of MM2 Asia, UnUsUal is in the business of event and concert production as well as promotion large scale publicity of internationall renowned artistes.
Since listing at $0.20, UnUsUal’s share price has surged nearly 300% to $0.60. In addition, the company has also continued to organise some of the largest concerts in Singapore including for Foo Fighters and Jacky Cheung in May, the Michael Learns to Rock concern in June as well as other famous concerts.
#2 Kimly Ltd (SGX: 1D0)
Kimly, which was listed on 20 March 2017, is the second-largest component of the FTSE ST Catalist Index with a market capitalisation of $255 million.
Operating an extensive chain of over 67 food outlets and 125 food stalls under its brand across the heartlands in Singapore, Kimly has continued to roll out its plans of expanding its business by acquiring new operating leases and completing its central kitchen.
Trading at $0.37 today, Kimly has delivered close to 48% return on its share price since listed at $0.25.
#3 Singapore O&G Ltd (SGX: 1D8)
Singapore O&G, with a market capitalisation of $166 million, is the third largest component of the FTSE ST Catalist Index.
Specialising in women’s healthcare and treatment, the group operates 12 clinics in seven locations providing services in obstetrics & gynaecology, gynae-oncology, breast and general surgicare, dermatology and paediatrics.
Listed on 4 June 2015 at an IPO price of $0.125, the group’s share price has soared over 400%, and trades at close to $0.50 today.
#4 Jumbo Group Ltd (SGX: 42R)
Of course, Jumbo is the fourth largest component in the FTSE ST Catalist Index with a market capitalisation of $159 million.
Serving over 6,000 customers every day at 20 outlets across Singapore, China and Japan, the group offers a delicious variety of dining experiences beyond its famous Chili Crab dish!
Alongside Kimly, this is another F&B sector company that has done well since its listing. Compared to its IPO price of $0.25, it has delivered a return of close to 136%, trading at $0.59 today.
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