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Seatrium to be included in the STI; Keppel DC REIT heads for reserve list

The Edge Singapore
The Edge Singapore • 1 min read
Seatrium to be included in the STI; Keppel DC REIT heads for reserve list
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Seatrium, newly-formed from the merger of Sembcorp Marine and Keppel Offshore and Marine, has replaced Keppel DC REIT on the Straits Times Index, according to the Singapore Exchange and its index partners following a quarterly review for June.

News that Seatrium has been included in the STI came just a day after CPIB announced an investigation on the company for alleged corruption in Brazil.

Keppel DC REIThas a market value of $3.6 billion while Seatrium has a market cap of $8.26 billion.

The STI has 30 component stocks that are deemed the blue-chip counters of the local stock market.

In addition, there's a so-called "STI reserve list" which comprises the five highest ranking non-constituents of the STI by market capitalisation.

They are, in alphabetical order: CapitaLand Ascott Trust, Frasers Centrepoint Trust, Keppel DC REIT, Olam Group and Suntec REIT.

See also: Cosmosteel’s CEO Ong resigns after 3HA Capital offer declared unconditional

Stocks on the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review.

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