Five companies that recently transitioned from Singapore's Catalist board to the mainboard registered a total medial annualized return of 9.4% over five years, according to a report by the Singapore Business Review on Monday, citing a research note by the SGXGroup.
According to the report, LHN (SGX:41O) led the way with a 41% return while Grand Venture Technology (SGX:JLB) booked a 28% annualized return.
Meanwhile, Rex International's (SGX:5WH) return declined 4% while being among the 50 most traded stocks by turnover during January, the report added.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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