Singapore, 11 September 2008 – Singapore Press Holdings (SPH), Singapore Exchange (SGX) and FTSE Group (FTSE) announced today the results of the first review of the Straits Times Index (STI) and FTSE ST Index Series.
In the STI, Golden Agri-Resources and Jardine Matheson Holdings will be included in place of Thai Beverage PCL and Yangzijiang Shipbuilding Holdings. The full list of the changes is in Appendix 1, the full list of the latest component stocks of the major indices is in Appendix 2, and the selection criteria in Appendix 3.
The changes to the STI and 19 other FTSE ST indices were approved by the newly formed FTSE ST Index Advisory Committee. The committee, comprising eight independent market practitioners, convened today for the first half-yearly review of the indices against the index ground rules available at www.ftse.com/st. Half-yearly index reviews ensure that the indices remain an accurate reflection of the market they represent. This is essential when the indices are used to benchmark investment portfolios and for use as the basis for index-linked products.
The STI reserve list to be used in between index reviews will contain STX Pan Ocean Co, ComfortDelgro Corp, Ascendas Real Estate Investment Trust, Keppel Telecommunications & Transportation and SMRT Corp. Reserve lists are created at each half-yearly review and contain the next five companies ranked in order of market capitalisation below the STI. In the event of corporate actions or mergers which impact the index between reviews, companies in the reserve list will be included in the STI to replace any component stocks that may be excluded as a result of the corporate actions or mergers.
All changes from this review will take effect from the start of trading on Monday, 22 September 2008, with the next review scheduled for Thursday, 12 March 2009.
For more information about the STI and FTSE ST Index Series or the full review results please visit www.ftse.com/st
Please see attached Appendixes.
Jointly issued by:
Singapore Press Holdings Limited
Co. Regn. No: 198402868E
Singapore Exchange Limited
Co. Regn. No: 199904940D
FTSE International Limited
Co. Regn. No: 03108236
Chin Soo Fang
Tel: +65 6319 1216
Lim Seng Jin
Tel: +65 6236 8385
Tel: +852 2230 5800
About Singapore Press Holdings
Newspapers and Magazines
Main board-listed Singapore Press Holdings (SPH) is the leading media company in Singapore, delivering news and information through print, Internet and broadcasting platforms. In Singapore, it publishes 14 newspapers in four languages. Every day, 2.9 million individuals or 81 percent of people above 15 years old, read one of SPH’s news publications. SPH also publishes and produces more than 100 magazine titles in Singapore and the region, covering a broad range of interests from lifestyle to information technology.
Internet and Mobile
Beyond print, the Internet editions of SPH newspapers enjoy over 150 million pageviews with 9 million unique visitors every month. Apart from SPH AsiaOne portal, SPH’s online and new media initiatives include a revolutionary mobile advertising and information service, ZapCode; online marketplace for products, services and employment, ST701; local search and directory engine, rednano.sg; STOMP (Straits Times Online Mobile Print), a portal that connects, engages and interacts with readers on the Web and via mobile phone messaging; omy, a bilingual news and interactive portal and The Straits Times RazorTV, a free access interactive webcast service offering live chat shows and video on demand clips.
SPH has a 20 percent stake in MediaCorp TV Holdings Pte , which operates free-to-air channels 5, 8, U and TV Mobile, and a 40 percent stake in MediaCorp Press Pte , which publishes the free newspaper, Today. In the radio business, SPH has a 80 percent stake in SPH UnionWorks Pte, which operates entertainment stations Radio 100.3 FM in Mandarin and Radio 91.3 FM in English.
In addition, SPH has ventured into outdoor advertising through its wholly-owned subsidiary, SPH MediaBoxOffice Pte , Singapore´s largest outdoor motion display advertising network media company, and a 35 percent stake in TOM Outdoor Media Group, a leading outdoor advertising company in China.
SPH owns and manages Paragon, the prime retail and office complex in the heart of Orchard Road, Singapore’s main shopping belt. SPH’s wholly-owned subsidiary, Times Development Pte, is also developing a 43-storey upmarket residential condominium, Sky@eleven, at Thomson Road.
About Singapore Exchange Limited
Singapore Exchange (SGX) was inaugurated on 1 December 1999, following the merger of two established and well-respected financial institutions - the Stock Exchange of Singapore (SES) and the Singapore International Monetary Exchange (SIMEX). SGX is Asia-Pacific’s first demutualised and integrated securities and derivatives exchange and is listed on its own bourse. The exchange’s stock is a component of benchmark indices such as the MSCI Singapore’s Free Index and the Straits Times Index (STI).
SGX aims to offer a highly trusted, comprehensive and efficient securities and derivatives marketplace for raising capital, risk transfer, trading, clearing and settlement. SGX facilitates the trading and clearing of commodity futures such as crude palm oil and rubber and over-the-counter (OTC) derivatives such as forward freight agreements and oil swaps. Through strategic alliances and partnerships with other exchanges around the world, SGX is firmly positioned as an Asian Gateway.
For more information, please visit SGX website: www.sgx.com
About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai, Sydney and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg, London, Madrid, NASDAQ, Thailand and Taiwan exchanges, as well as Nomura Securities and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.
FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.