Singapore lists more than 40 stocks with market capitalisation between S$1 billion and S$3 billion. Their combined market capitalisation is close to S$75 billion. This segment of Mid-cap stocks has booked S$71 million of net institutional inflow in the 2025 year to March 12, versus the broader market booking net institutional outflow of S$1.4 billion. The segment has also seen combined average daily turnover (ADT) increase 35% to S$67 million in the 2025 year to March 12, from S$50 million in the full 2024 year. Among the segment, Yangzijiang Financial Holding, UOB Kay Hian Holdings, and Frasers Hospitality Trust saw the greatest percentage increase in trading activity this year:
The table below details the 10 stocks of the segment that saw the greatest increase in trading activity in the 2025 year to March 12, compared to the full 2024 year.
Stocks with Mkt Cap from S$1B- S$3B with highest increase in ADT (YTD vs 2024 | Code | Mkt Cap S$M | 5D TR% | 5D NIF S$M | 5D Bid/Offer Spread (bps) | YTD ADT S$M | YTD NIF S$M | YTD TR % | ROE % | Ind Div Yield % | 2024 ADT S$M | 2024 NIF S$M | 2024 TR % | Sector |
YZJ Fin Hldg | YF8 | 2,332 | 4 | 13.1 | 77.3 | 14.05 | 94.3 | 61 | 7.7 | 3.9 | 2.44 | 32.6 | 36 | Financial Services |
UOB Kay Hian | U10 | 1,674 | 1 | -0.2 | 63.5 | 0.73 | -3.6 | 7 | 11.2 | 6.4 | 0.21 | 1.0 | 34 | Financial Services |
Frasers HTrust | ACV | 1,059 | 9 | -0.1 | 94.7 | 1.33 | -6.8 | -6 | 1.6 | 4.3 | 0.40 | -18.5 | 24 | REITs |
Japfa | UD2 | 1,167 | 0 | 1.6 | 81.6 | 1.21 | 28.4 | 31 | 14.4 | 0.0 | 0.42 | 3.2 | 119 | Consumer Non-Cyclicals |
Shangri-La HKD | S07 | 2,767 | 0 | 0.0 | 347.7 | 0.02 | -0.2 | -19 | 2.9 | 2.8 | 0.01 | 0.2 | 7 | Consumer Cyclicals |
HPL | H15 | 1,870 | -1 | 0.0 | 63.7 | 0.13 | 1.2 | 0 | 1.2 | 1.1 | 0.05 | 8.3 | 0 | Consumer Cyclicals |
PARAGONREIT | SK6U | 2,740 | -1 | 2.0 | 51.7 | 1.87 | 9.1 | 12 | 11.1 | 4.8 | 0.98 | -2.6 | 8 | REITs |
IFAST | AIY | 2,292 | -6 | -3.1 | 16.6 | 7.53 | 37.0 | 3 | 23.5 | 0.7 | 3.99 | 43.0 | -9 | Technology |
ParkwayLife Reit | C2PU | 2,636 | 5 | 0.6 | 26.1 | 4.45 | 9.0 | 8 | 7.4 | 3.9 | 2.73 | -44.3 | 8 | REITs |
First Resources | EB5 | 2,556 | 2 | 2.6 | 61.8 | 2.37 | -0.8 | 11 | 18.3 | 6.9 | 1.57 | 2.4 | 9 | Consumer Non-Cyclicals |
All Data as of 12 March 2025, Source: SGX, Refinitiv, Morningstar & Bloomberg. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow and TR refers to Total Return.
The 43 stocks with current market capitalisation above S$1 billion and below S$3 billion have averaged a 0.4% total return in the 2025 year to March 12, after averaging a 15% total return in 2024. The stocks also average a Return-on-Equity (ROE) Ratio of 6.7%.
Sheng Siong Group, StarHub, and CapitaLand India Trust maintain the highest ROE ratios in the segment:
The table below details the full 43 stocks with current market capitalisation above S$1 billion and below S$3 billion and is sort by the highest market capitalisation.
Stocks with Mkt Cap from S$1B- S$3B | Code | Mkt Cap S$M | 5D TR% | 5D NIF S$M | 5D Bid/Offer Spread (bps) | YTD ADT S$M | YTD NIF S$M | YTD TR % | ROE % | Ind Div Yield % | 2024 ADT S$M | 2024 NIF S$M | 2024 TR % | Sector |
Man Oriental USD | M04 | 2,991 | -2 | 0.1 | 118.6 | 0.04 | -0.1 | 0 | -2.7 | 2.8 | 0.41 | 2.4 | 19 | Consumer Cyclicals |
Haw Par | H02 | 2,829 | 0 | -1.9 | 20.7 | 1.06 | -6.6 | 15 | 6.0 | 3.1 | 0.76 | -16.9 | 19 | Healthcare |
SingaporeLandGrp | U06 | 2,794 | 4 | 0.0 | 123.0 | 0.13 | -0.1 | 11 | 3.4 | 2.4 | 0.13 | -8.1 | -10 | Real Estate (excl. REITs) |
Shangri-La HKD | S07 | 2,767 | 0 | 0.0 | 347.7 | 0.02 | -0.2 | -19 | 2.9 | 2.8 | 0.01 | 0.2 | 7 | Consumer Cyclicals |
PARAGONREIT | SK6U | 2,740 | -1 | 2.0 | 51.7 | 1.87 | 9.1 | 12 | 11.1 | 4.8 | 0.98 | -2.6 | 8 | REITs |
ParkwayLife Reit | C2PU | 2,636 | 5 | 0.6 | 26.1 | 4.45 | 9.0 | 8 | 7.4 | 3.9 | 2.73 | -44.3 | 8 | REITs |
Kep Infra Tr | A7RU | 2,616 | 1 | -0.6 | 117.0 | 2.61 | -10.0 | -2 | 1.8 | 7.3 | 2.91 | -44.9 | -3 | Utilities |
SIA Engineering | S59 | 2,616 | -1 | 0.3 | 52.5 | 0.49 | 3.9 | -1 | 6.4 | 3.4 | 0.59 | 14.7 | 3 | Industrials |
First Resources | EB5 | 2,556 | 2 | 2.6 | 61.8 | 2.37 | -0.8 | 11 | 18.3 | 6.9 | 1.57 | 2.4 | 9 | Consumer Non-Cyclicals |
Sheng Siong | OV8 | 2,466 | 0 | -1.1 | 61.1 | 2.25 | -9.9 | 0 | 26.7 | 3.9 | 2.41 | -15.2 | 7 | Consumer Non-Cyclicals |
YZJ Fin Hldg | YF8 | 2,332 | 4 | 13.1 | 77.3 | 14.05 | 94.3 | 61 | 7.7 | 3.9 | 2.44 | 32.6 | 36 | Financial Services |
IFAST | AIY | 2,292 | -6 | -3.1 | 16.6 | 7.53 | 37.0 | 3 | 23.5 | 0.7 | 3.99 | 43.0 | -9 | Technology |
HPH Trust USD | NS8U | 2,108 | 8 | 1.7 | 56.2 | 1.32 | 5.4 | 15 | 2.6 | 9.5 | 1.18 | -1.4 | 30 | Industrials |
Top Glove | BVA | 2,045 | -6 | -0.1 | 194.7 | 1.46 | 10.1 | -39 | -1.1 | 0.0 | 1.16 | 9.1 | 63 | Healthcare |
StarHub | CC3 | 2,012 | -3 | -1.8 | 84.9 | 0.99 | -6.0 | -3 | 25.9 | 6.0 | 1.15 | 4.9 | 16 | Telecommunications |
ESR-REIT | J91U | 1,931 | 0 | -0.8 | 213.8 | 2.40 | -3.0 | -5 | -5.5 | 8.5 | 3.31 | -19.4 | -11 | REITs |
F & N | F99 | 1,923 | 1 | 0.1 | 94.3 | 0.09 | 0.0 | 1 | 5.2 | 4.1 | 0.11 | 1.7 | 34 | Consumer Non-Cyclicals |
HPL | H15 | 1,870 | -1 | 0.0 | 63.7 | 0.13 | 1.2 | 0 | 1.2 | 1.1 | 0.05 | 8.3 | 0 | Consumer Cyclicals |
Raffles Medical | BSL | 1,809 | 0 | 1.6 | 52.0 | 1.68 | 3.0 | 15 | 6.0 | 2.7 | 1.72 | -89.8 | -19 | Healthcare |
GuocoLand | F17 | 1,739 | 0 | 0.0 | 85.9 | 0.07 | 0.4 | 1 | 2.5 | 4.1 | 0.26 | -0.1 | 3 | Real Estate (excl. REITs) |
UOB Kay Hian | U10 | 1,674 | 1 | -0.2 | 63.5 | 0.73 | -3.6 | 7 | 11.2 | 6.4 | 0.21 | 1.0 | 34 | Financial Services |
OUEREIT | TS0U | 1,540 | 2 | -0.4 | 183.3 | 0.60 | -3.1 | 2 | -2.0 | 7.6 | 0.74 | -0.5 | 7 | REITs |
Bumitama Agri | P8Z | 1,474 | -2 | 0.2 | 62.2 | 0.41 | -1.5 | -3 | 16.6 | 6.0 | 0.44 | 10.8 | 59 | Consumer Non-Cyclicals |
Riverstone | AP4 | 1,423 | 0 | 0.4 | 51.8 | 2.23 | -2.4 | -12 | 17.6 | 5.7 | 2.69 | 19.6 | 68 | Healthcare |
CapLand India T | CY6U | 1,275 | -2 | -4.6 | 52.9 | 3.21 | -27.6 | -9 | 25.8 | 7.1 | 2.35 | -10.0 | 0 | REITs |
SingPost | S08 | 1,238 | -3 | 0.5 | 89.0 | 3.21 | 1.5 | 4 | 5.7 | 1.6 | 3.02 | -7.4 | 14 | Industrials |
Lendlease Reit | JYEU | 1,211 | 2 | -3.3 | 102.6 | 2.35 | -12.2 | -6 | 2.6 | 7.1 | 2.69 | -28.8 | -9 | REITs |
CapLand China T | AU8U | 1,178 | 4 | -0.5 | 75.7 | 1.25 | -7.6 | -1 | -0.9 | 8.4 | 2.44 | -58.7 | -16 | REITs |
Ho Bee Land | H13 | 1,175 | 3 | -0.2 | 91.8 | 0.06 | -0.7 | -3 | 3.0 | 2.3 | 0.09 | -1.6 | 5 | Real Estate (excl. REITs) |
Japfa | UD2 | 1,167 | 0 | 1.6 | 81.6 | 1.21 | 28.4 | 31 | 14.4 | 0.0 | 0.42 | 3.2 | 119 | Consumer Non-Cyclicals |
First Sponsor | ADN | 1,148 | 0 | 0.0 | 176.0 | 0.01 | -0.1 | -7 | 4.4 | 4.2 | 0.01 | 0.5 | -6 | Real Estate (excl. REITs) |
Hong Leong Fin | S41 | 1,135 | 1 | -0.3 | 49.0 | 0.14 | 0.5 | 2 | 5.0 | 5.5 | 0.12 | 0.2 | 4 | Financial Services |
StarhillGbl Reit | P40U | 1,134 | 2 | -0.5 | 103.9 | 0.57 | -3.5 | 3 | 3.8 | 7.5 | 0.76 | -14.2 | 3 | REITs |
Sri Trang Gloves | STG | 1,132 | 0 | 0.0 | 3437.7 | 0.00 | 0.0 | 5 | 2.6 | 5.0 | 0.00 | 0.0 | 32 | Healthcare |
Stoneweg Reit EUR | CWBU | 1,129 | -7 | -2.6 | 75.0 | 0.85 | -0.9 | -6 | 2.7 | 9.0 | 0.91 | 0.0 | 20 | REITs |
Far East HTrust | Q5T | 1,119 | 4 | -0.1 | 91.7 | 1.01 | -15.1 | -6 | 2.5 | 7.4 | 0.76 | -15.6 | -2 | REITs |
Thomson Medical | A50 | 1,084 | -5 | 0.0 | 236.2 | 0.11 | -0.3 | -13 | 0.1 | 0.0 | 0.14 | -0.8 | -23 | Healthcare |
Sinarmas Land | A26 | 1,064 | 0 | 0.0 | 291.1 | 0.07 | 0.6 | -19 | 7.4 | 0.3 | 0.13 | 0.5 | 72 | Industrials |
Frasers HTrust | ACV | 1,059 | 9 | -0.1 | 94.7 | 1.33 | -6.8 | -6 | 1.6 | 4.3 | 0.40 | -18.5 | 24 | REITs |
Pacific Century | P15 | 1,045 | 0 | -0.1 | 138.0 | 0.05 | -0.3 | 22 | -5.4 | 8.3 | 0.03 | -0.6 | 31 | Financial Services |
CDL HTrust | J85 | 1,026 | 3 | 0.7 | 63.3 | 1.27 | -6.3 | -2 | 0.8 | 6.7 | 1.73 | -48.2 | -18 | REITs |
TheHourGlass | AGS | 1,023 | 0 | 0.1 | 75.1 | 0.13 | 1.2 | 3 | 16.8 | 5.0 | 0.29 | -6.4 | -2 | Consumer Cyclicals |
AIMS APAC Reit | O5RU | 1,017 | 1 | -0.6 | 82.2 | 0.86 | -6.3 | 2 | 3.0 | 7.6 | 1.21 | -26.3 | 4 | REITs |
Average | 0.4 | 1.6 | 6.7 | 4.8 | 14.6 | |||||||||
Median | 0.0 | 0.0 | 3.8 | 4.8 | 7.2 | |||||||||
Total | 74,543 | 2.6 | 66.7 | 70.7 | 49.5 | -325.4 |
All Data as of 12 March 2025, Source: SGX, Refinitiv, Morningstar & Bloomberg. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow and TR refers to Total Return.
Singapore also lists close to 30 Mid-cap to Small-cap stocks with market capitalisation between S$500 million and S$1 billion. Their combined market capitalisation is S$21 billion. This segment of stocks has booked S$22 million of net institutional outflow in the 2025 year to March 12. The segment has seen comparatively more consistent ADT in the 2025 year to March 12 compared to the full 2024 year. Among the segment, PC Partner Group, Hong Leong Aisa and PropNex saw the greatest percentage increase in trading activity this year compared to 2024 levels. Note the average ROE of 10.6% in this segment, which is tabled below.
Stocks with Mkt Cap from S$500M- S$1B | Code | Mkt Cap S$M | 5D TR% | 5D NIF S$M | 5D Bid/Off Spread (bps) | YTD ADT S$M | YTD NIF S$M | YTD TR % | ROE % | Ind Div Yield % | 2024 ADT S$M | 2024 NIF S$M | 2024 TR % | Sector |
DigiCore Reit USD | DCRU | 984 | 4 | 0.2 | 87.1 | 2.5 | -1.6 | -1 | 22.4 | 6.9 | 2.4 | 2.2 | -1 | REITs |
Bukit Sembawang | B61 | 914 | -1 | 0.1 | 49.6 | 0.2 | 0.0 | -1 | 7.2 | 1.1 | 0.2 | -4.2 | 6 | Real Estate (excl. REITs) |
Wing Tai | W05 | 908 | 1 | 0.1 | 94.9 | 0.1 | -0.1 | -4 | -2.9 | 2.5 | 0.3 | -10.6 | -2 | Real Estate (excl. REITs) |
Sri Trang Agro | NC2 | 899 | -3 | -0.1 | 335.6 | 0.0 | -0.7 | -13 | 3.3 | 6.2 | 0.0 | 1.1 | 16 | Consumer Cyclicals |
Yanlord Land | Z25 | 898 | -4 | -2.0 | 106.4 | 2.5 | -7.9 | -30 | -10.5 | 0.0 | 2.7 | -6.2 | 14 | Real Estate (excl. REITs) |
Centurion | OU8 | 874 | 3 | 0.5 | 107.4 | 1.7 | -8.7 | 8 | 34.9 | 3.4 | 0.6 | -5.7 | 149 | Real Estate (excl. REITs) |
Sasseur Reit | CRPU | 863 | 1 | -0.4 | 77.4 | 0.4 | -3.8 | 1 | 5.4 | 8.6 | 0.5 | -8.2 | 6 | REITs |
SBS Transit | S61 | 852 | 3 | -0.3 | 42.3 | 0.2 | -1.2 | 12 | 10.0 | 7.7 | 0.1 | -7.0 | -4 | Industrials |
BRC Asia | BEC | 826 | 0 | 0.3 | 56.4 | 0.2 | -0.7 | 20 | 20.7 | 4.6 | 0.1 | 2.1 | 51 | Industrials |
PropNex | OYY | 821 | 2 | -1.4 | 93.4 | 0.9 | 1.3 | 17 | 32.9 | 4.8 | 0.3 | -3.5 | 9 | Real Estate (excl. REITs) |
PC Partner | PCT | 815 | 40 | -0.3 | 225.5 | 0.2 | -0.5 | 140 | 9.3 | 4.0 | 0.0 | 0.3 | N/A | Technology |
UMS | 558 | 796 | -1 | 2.9 | 90.2 | 2.3 | 15.0 | 9 | 15.4 | 5.1 | 4.4 | -59.0 | -20 | Technology |
Hong Leong Asia | H22 | 793 | 5 | 1.4 | 105.3 | 0.8 | 12.2 | 16 | 9.0 | 4.3 | 0.2 | 2.5 | 56 | Consumer Cyclicals |
UOA | EH5 | 759 | 0 | 0.0 | 1122.6 | 0.0 | 0.0 | -7 | 5.0 | 3.2 | 0.0 | -0.1 | 14 | Real Estate (excl. REITs) |
China Aviation | G92 | 723 | -2 | -0.6 | 64.0 | 0.6 | -2.0 | -8 | 8.1 | 3.1 | 0.4 | -2.0 | 11 | Industrials |
OUE | LJ3 | 719 | -1 | 0.0 | 63.2 | 0.1 | -0.3 | -7 | -8.3 | 2.1 | 0.1 | 3.0 | -12 | Real Estate (excl. REITs) |
HRnetGroup | CHZ | 686 | 1 | 0.3 | 93.0 | 0.1 | 1.4 | 3 | 11.8 | 5.8 | 0.1 | 0.4 | 1 | Industrials |
China Everbright | U9E | 672 | 0 | 0.0 | 210.6 | 0.0 | -0.5 | -2 | 8.2 | 8.6 | 0.1 | -0.4 | 28 | Utilities |
Hong Fok | H30 | 643 | -1 | 0.1 | 71.2 | 0.3 | 0.5 | -4 | 1.0 | 1.2 | 0.3 | 1.0 | -9 | Real Estate (excl. REITs) |
Straits Trading | S20 | 636 | -1 | -0.1 | 89.5 | 0.1 | -0.3 | -3 | -0.5 | 5.5 | 0.4 | -19.1 | -15 | Materials & Resources |
Food Empire | F03 | 632 | 1 | -1.5 | 84.7 | 1.1 | -18.4 | 21 | 17.8 | 5.4 | 0.7 | -4.0 | -5 | Consumer Non-Cyclicals |
Zheneng Jinjiang | BWM | 620 | 0 | 0.2 | 179.3 | 0.0 | 0.2 | 0 | 8.4 | 3.0 | 0.0 | 0.9 | 54 | Energy/ Oil & Gas |
TalkMed | 5G3 | 591 | 0 | 0.0 | 144.3 | 0.0 | 0.1 | 0 | 50.3 | 2.0 | 0.0 | 0.1 | 28 | Healthcare |
Aztech Gbl | 8AZ | 587 | 1 | -1.7 | 69.3 | 0.8 | -6.6 | 8 | 20.6 | 10.6 | 1.0 | -10.9 | -16 | Technology |
First Reit | AW9U | 556 | 0 | 0.6 | 191.6 | 0.3 | 0.5 | 6 | 5.4 | 8.9 | 0.3 | -4.4 | 6 | REITs |
Stamford Land | H07 | 542 | 0 | 0.0 | 175.4 | 0.1 | 0.0 | -1 | 4.2 | 1.4 | 0.1 | -1.3 | -4 | Consumer Cyclicals |
Hotel Grand | H18 | 529 | -1 | 0.0 | 169.1 | 0.0 | 0.0 | -1 | -1.1 | 2.1 | 0.0 | -0.6 | -9 | Consumer Cyclicals |
Boustead | F9D | 506 | 1 | 0.7 | 102.7 | 0.2 | 0.6 | 0 | 14.6 | 5.3 | 0.2 | 6.9 | 27 | Industrials |
Far East Orchard | O10 | 504 | -1 | 0.1 | 106.3 | 0.1 | -0.2 | -1 | 4.3 | 3.9 | 0.1 | -1.2 | 7 | Consumer Cyclicals |
Average | 1.6 | 6.2 | 10.6 | 4.5 | 13.8 | |||||||||
Median | 0.0 | 0.0 | 8.2 | 4.3 | 6.0 | |||||||||
Total | 21,146 | -1 | 16 | -22 | 15 | -128 |
All Data as of 12 March 2025, Source: SGX, Refinitiv, Morningstar & Bloomberg. Note ADT refers to Average Daily Trading Turnover; NIF refers to Net Institutional Flow and TR refers to Total Return.
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