Dear readers, today, Emperador stock will replace ComfortDelgro stock in the Straits Times Index. When I first learnt of this stock called Emperador stock, I do not know much about it, except that the very name of the stock seems rhyme with “Emperor”.
It was only some days later that I learnt that Emperador stock was listed on SGX in July 2022 and is the first Philippine Stock Exchange-listed company to conduct a secondary listing on SGX. Emperador is also the biggest Whisky company in the Philippines, carrying single malt brands like The Dalmore and Jura.
While I welcome Emperador stock to the SGX and now the Straits Times Index, I cannot help but to have some insight or should we say, musing.
ComfortDelgro stock, as of yesterday, was one of the two Singapore transport-related stock on the Straits Times Index (the other being SIA stock). I still remember there used to be many big name transport-related stocks on the Straits Times Index. Names like SMRT stock, NOL stock and Sembcorp Marine stock and at some point in the past, there were wide analysis coverage of these stocks and seem in the past, these stocks in Singapore STI seem to generate quite a buzz.
Sadly, the aforementioned three stocks eventually did not do that well in terms of stock price and were eventually removed from STI. Another transport-related stock but not on the Straits Times Index, Tiger Airways was also eventually delisted after a dismal stock outing on the SGX too.
With ComfortDelgro stock removed from the STI, the only transport-related stock now standing in the STI is SIA stock. And gone are the hey days when big name transport-related stocks make up the action in the Straits Times Index.