The iEdge Singapore Next 50 Index was introduced in September this year. Its purpose is to raise the visibility of the “next tier” of 50 largest companies by market capitalisation beyond the top 30 that make up the Straits Times Index. In its first quarterly review, three stocks will enter the index in December, including two which were only listed on the SGX Mainboard after the introduction of the Index.
These three stocks join the likes of Keppel REIT (SGX: K71U), Suntec REIT(SGX: T82U), Netlink NBN Trust (SGX: CJLU), CapitaLand Ascott Trust (SGX: HMN), and ComfortDelGro (SGX: C52).
To qualify for inclusion in the iEdge Singapore Next 50 Index, a stock must have at least $100 million in market capitalisation and a median daily turnover of $100,000 over the past six months. However, two of the new listings lacked 6 months of trading history, so these criteria were applied on a prorated basis.
#1 Yangzijiang Maritime Development Ltd. (SGX: 8YZ)
Yangzijiang Maritime is a spin-off of the maritime fund and related businesses of Yangzijiang Financial (YF8), itself a spin-off of Yangzijiang Shipbuilding, one of China’s largest privat shipbuilders. Yangzijiang Maritime invests in maritime assets such as shipping vessels, and provides loans within the maritime sector, as well as ship agency and ship broking services.
It was listed on the SGX Mainboard on 18 November 2025. It has a market capitalisation of $2.48 billion with a trailing twelve-month total revenue of 106.68 million USD.
#2 Centurion Accommodation REIT (SGX: 8C8U)
Centurion Accommodation REIT (CAREIT) is the first purpose-built living accommodation REIT to list on the Singapore Exchange. It invests, directly and indirectly, in a portfolio of income-producing real estate assets primarily for worker accommodation and student accommodation. It has assets in Singapore, the United Kingdom, and Australia.
It was listed on the SGX Mainboard on 25 September 2025. It has a market capitalisation of $1.86 billion with a trailing twelve-month total revenue of $160.73 million.
#3 Golden Agri-Resources Ltd (SGX: E5H)
Golden Agri-Resources is one of the world’s largest palm oil companies. It operates palm oil plantations across Indonesia, as well as downstream refining and speciality product manufacturing facilities. It also operates complementary businesses, including soybean-based products in China, sunflower-based products in India, and sugar businesses.
It was listed on the SGX Mainboard on 9 July 1999. It has a market capitalisation of $3.53 billion with a trailing twelve-month total revenue of 10.91 billion USD.
