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.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.