MENU

The Top 10 Most Influential Companies in The FTSE Small Cap Index

Some investors believe that a company with a large market capitalisation offers stability.

Other investors believe that smaller cap companies offer more growth compared to their larger counterparts. To find out more about the latter, we can take a peek into the FTSE ST Small Cap Index to see what a smaller cap company would look like. A recent SGX report provided a sneak peek on the companies with the largest weightage within the small cap index.

Here’re the 10 stocks with the highest weightage:

1. For the top five stocks, head here.

2. The stock with the sixth biggest weightage is Frasers Commercial Trust  (SGX: ND8U) at 3.7%. The real estate investment trust (REIT) has a market capitalisation of $1 billion and has six commercial buildings in Singapore and Australia in its portfolio.

3. Next up is Cache Logistics Trust (SGX: AJBU). The REIT focuses on industrial properties, has a market cap of $729 million, and a weightage of 3.5% in the index. Cache Logistics Trust currently owns 19 properties located in Singapore, Australia, and China.

4. Yoma Strategic Holdings (SGX: Z59) sits in eighth place with a 3.5% weightage in the small cap index. The company has a wide range of business interests in Myanmar, ranging from real estate development to food & beverage retail and the distribution of vehicles. Yoma Strategic Holdings has a market cap of $1.1 billion.

5. From Myanmar, we move to US for the next most influential component of the FTSE ST Small Cap Index. In ninth place is Manulife US REIT  (SGX: BTOU) with a 3.4% weightage in the index. The REIT’s portfolio has three commercial properties in the US, and it has a market cap of $744 million.

6. Rounding up the top 10 would be First REIT (SGX: AW9U). Unlike the other REITs that came before, First REIT is focused on hospitals and healthcare facilities in Indonesia. It has a market cap of $1 billion.

As it turns out, nine of the 10 stocks that have the highest weightage in the FTSE ST Small Cap Index are all from the REIT space. Each REIT, though, offers a different geographical profile and/or exposure to different retail estate sectors.

For more investing insights and to keep up to date on the latest news in the world of finance, you can sign up now for a FREE subscription to The Motley Fool's weekly investing newsletter, Take Stock Singapore. Written by David Kuo, it will teach you how you can grow your wealth in the years ahead.

Also, like us on Facebook to follow our latest hot articles. The Motley Fool's purpose is to help the world invest, better.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Singapore Exchange.Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.