( YTD: +9.80% | 5D: +0.00%)

17 Oct - Asset Acquisitions And Disposals

• • Unlocks value from non-core asset at 22.2% premium over original purchase consideration
  • Recycles capital to increase balance sheet flexibility and optimise capital structure

Quick Summary

IAHCC was acquired by First REIT on 11 December 2006 for S$21.2 million (approximately Rp.271.8 billion 2 ) as part of its initial public offering portfolio of assets.

The Divestment Consideration of Rp.332.2 billion (approximately S$25.9 million) was negotiated on a willing-buyer and willing-seller basis and translates to a 0.65% premium to the average of the two independent valuations by Cushman & Wakefield VHS Pte. Ltd. (in conjunction with KJPP Firman Suryantoro Sugeng Suzy Hartomo & Rekan) and KJPP Willson & Rekan in association with Knight Frank of IAHCC of Rp.330.0 billion3 (approximately S$25.7 million) as at 30 June 2025.

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( YTD: +9.66% | 5D: +0.52%)

17 Oct - USD $50,000,000 Facility Agreement

• A USD 50,000,000 facility agreement dated 17 October 2025 (the “Facility Agreement”) between Perpetual (Asia) Limited (in its capacity as trustee of FLCT) (the “Borrower”), as borrower, and The HongKong and Shanghai Banking Corporation Limited, Singapore Branch (the “Lender”), as lender.

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The iEdge Singapore Next 50 Indices: Which S-REITs Are Included?

The Singapore Exchange (SGX) has rolled out the iEdge Singapore Next 50 Indices, designed to capture the performance of mid-cap companies that fall just outside the Straits Times Index (STI)’s top 30. The move underscores SGX’s ongoing effort to broaden investor access to Singapore’s equity market beyond its blue-chip heavyweights.

The indices track the next 50 largest companies listed on the Mainboard, excluding the STI constituents, and are structured for liquidity and replicability. Two variations have been introduced. The iEdge Singapore Next 50 Index is weighted by free-float market capitalization, while the iEdge Singapore Next 50 Liquidity Weighted Index uses a liquidity-based weighting measured by six-month median daily traded value. Both cap individual stocks at 5% to avoid overconcentration.

To qualify, companies must have a minimum free float of 15%, market capitalization of at least S$100 million, and a six-month median daily traded value above S$100,000. Constituents are screened quarterly in March, June, September and December. The methodology ensures that only sufficiently liquid and investible mid-cap names are included, while systematic caps redistribute excess weightings to maintain balance.

By spotlighting companies just below the STI threshold, the indices are expected to serve as a reference point for new investment products and a gateway for passive fund flows. For investors, the launch creates a tradable mid-cap benchmark that complements the STI and REIT-focused indices, while offering exposure to a broader pool of growth opportunities in Singapore’s market.

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