---
title: "YZJ Maritime, CAREIT & GAR to Join iEdge Singapore Next 50 Index On Dec 22"
description: "Yangzijiang Maritime, CAREIT, and Golden Agri-Res will join the iEdge Singapore Next 50 Index on Dec 22, potentially ranking among the top 15 constituents. Samudera Shipping Line, Nanofilm Tech, and A"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/269069606.md"
published_at: "2025-12-09T02:23:28.000Z"
---

# YZJ Maritime, CAREIT & GAR to Join iEdge Singapore Next 50 Index On Dec 22

> Yangzijiang Maritime, CAREIT, and Golden Agri-Res will join the iEdge Singapore Next 50 Index on Dec 22, potentially ranking among the top 15 constituents. Samudera Shipping Line, Nanofilm Tech, and Aztech Global will move to the Reserve list. The Next 50 Index comprises 50 large-cap, actively traded stocks excluding STI constituents. The rebalance results, based on Nov 28 screenings, will take effect on Dec 22.

-   Yangzijiang Maritime, CAREIT, and Golden Agri-Res will join the iEdge Singapore Next 50 Index on Dec 22. Based on indicative weights as of Nov 28, the trio could enter among the Index’s top 15 constituents. 
-   Samudera Shipping Line, Nanofilm Tech, and Aztech Global, which currently maintain a combined 1% weightage, will move to the Next 50 Index Reserve list, joined by Marco Polo Marine, Q&M Dental Group, Delfi, LHN, OKP Holdings, Nam Cheong, and Oiltek International.
-   Stocks of the iEdge Next 50 Index that have seen the greatest increase in trading activity in 2H25 over 1H25 include PropNex, China Sunsine Chemical, Banyan Tree, China Aviation Oil and CSE Global. The five stocks averaged 59% total returns in 2H25, while averaging 4.6x growth in 2H25 ADT from 1H25.  

The **iEdge Singapore Next 50 Index** (Next 50) comprises 50 of the largest capitalised and most actively traded Mainboard-listed stocks excluding Straits Times Index (STI) constituents.

In 4Q25, the Next 50 has maintained a strong correlation with the FTSE ST Mid & Small Cap Index, with an r-squared of 0.9, while generating a 1.5% total return in 4Q25 to Dec 8. Constituent total returns were mixed, ranging from a 27% gain by CSE Global to a 19% decline for Nanofilm Technologies International.

The recent results of the Next 50 December quarterly rebalance have been released here. The rebalance results were based on constituent screenings conducted on Nov 28, and will take effect with the Dec 22 open. Golden Agri-Resources, Yangzijiang Maritime Development (YZJ Maritime), and Centurion Accommodation Reit (CAREIT) and will join the Index on Dec 22. Based on indicative weightages on Nov 28, their combined weightage will be in the vicinity of 9%. 

Based on weightages on Nov 28, the inclusion of Golden Agri-Resources, YZJ Maritime and CAREIT would see them also rank among the 15 largest weights of the Index, as tabled below. Note the detailed weightages on the rebalance of Nov 28 will change between now and Dec 22, based on relative price performances and corporate actions of the constituents.

**iEdge Next 50 Constituents with effect of Dec 22, 2025 open - indicative 15 largest weights**

**Code**

**Ind. Index Wgt %** 

**Mkt Cap S$M**

**1H25 ADT S$M**

**2H25 ADT S$M**

**1H25 TR %**

**2H25 TR%**

**1H25 NIF S$M**

**2H25 NIF S$M**

**Sector**

ComfortDelGro

C52

5.0%

3,081

12.68

18.57

\-1

2

0.0

\-147.6

Industrials

Suntec Reit

T82U

5.0%

4,039

6.83

8.29

\-1

25

31.9

46.4

REITs

Keppel Reit

K71U

5.0%

4,138

7.04

8.17

5

20

\-32.8

36.1

REITs

CapLand Ascott T

HMN

5.0%

3,547

4.66

6.92

6

8

\-39.8

\-55.4

REITs

NetLink NBN Tr

CJLU

5.0%

3,706

4.05

5.05

4

11

\-9.3

\-12.8

Telecommunications

Kep Infra Tr

A7RU

4.3%

2,863

2.56

3.22

\-9

23

\-24.0

\-8.5

Utilities

Sheng Siong

OV8

3.8%

3,868

3.66

7.06

16

40

6.6

\-16.7

Consumer Non-Cyclicals

ParkwayLife Reit

C2PU

3.8%

2,638

4.61

4.14

10

0

10.1

\-72.9

REITs

**Golden Agri-Res**

**E5H**

3.8%

3,530

**1.53**

**3.54**

**\-2**

**10**

**4.0**

**\-37.2**

**Consumer Non-Cyclicals**

CapLand India T

CY6U

3.5%

1,627

2.69

2.98

1

18

\-32.0

9.5

REITs

ESR REIT

9A4U

3.4%

2,220

1.17

3.12

\-2

16

15.5

\-10.7

REITs

IFAST

AIY

3.2%

2,820

7.52

15.37

\-10

41

\-16.9

110.6

Technology

**YZJ Maritime**

**8YZ**

3.0%

2,480

**N/A**

**13.98**

**N/A**

**N/A**

**N/A**

**6.7**

**Financial Services**

Lendlease Reit

JYEU

3.0%

1,808

2.53

6.91

\-2

24

\-24.3

28.2

REITs

**Cent Accom REIT**

**8C8U**

2.3%

1,859

**N/A**

**4.09**

**N/A**

**N/A**

**N/A**

**\-40.1**

**REITs**

Note ADT refers to Average Daily Trading Turnover, NIF refers to Net Institutional Flow, TR refers to Total Return. Sources: SGX, LSEG Workspace. Data as of Dec 8, 2025

The potential combined 9% weightage for the three entrants compare to the current combined 1% weightage Samudera Shipping Line, Nanofilm Technologies International and Aztech Global, which will be omitted from the Index on Dec 22. The latter three stocks will join the Next 50 Index Reserve List along with Marco Polo Marine, Q&M Dental Group (Singapore), Delfi, LHN, OKP Holdings, Nam Cheong and Oiltek International. 

The 10 stocks of the Next 50 Reserve List with the highest market capitalisation as of Nov 28 are tabled below. 

**iEdge Next 50 reserve stocks with effect of Dec 22, 2025 open (note sort by mkt cap)**

**Code**

**Mkt Cap S$M**

**1H25 ADT S$M**

**2H25 ADT S$M**

**1H25 TR %**

**2H25 TR%**

**1H25 NIF S$M**

**2H25 NIF S$M**

**Sector**

**SamuderaShipping**

**S56**

**528**

**0.90**

**1.08**

**12**

**19**

**1.9**

**5.9**

**Industrials**

MarcoPolo Marine

5LY

**523**

0.47

2.44

\-13

202

\-6.6

26.3

Industrials

Q&M Dental

QC7

**512**

0.29

0.72

63

20

10.7

15.1

Healthcare

Delfi

P34

**501**

0.27

0.55

\-1

10

\-5.8

\-5.6

Consumer Non-Cyclicals

**Aztech Gbl**

**8AZ**

**492**

**0.86**

**0.49**

**\-6**

**14**

**\-14.9**

**6.7**

**Technology**

**Nanofilm**

**MZH**

**412**

**0.86**

**1.84**

**\-14**

**\-3**

**\-4.3**

**\-13.8**

**Technology**

LHN

41O

**365**

0.65

1.91

41

0

3.5

\-3.4

Real Estate (excl. REITs)

OKP

5CF

**358**

0.27

0.56

174

36

1.8

9.5

Industrials

Nam Cheong

1MZ

**329**

1.23

2.41

14

74

1.3

5.8

Industrials

Oiltek

HQU

**296**

0.35

1.02

64

26

0.1

1.5

Industrials

Note ADT refers to Average Daily Trading Turnover, NIF refers to Net Institutional Flow, TR refers to Total Return. Sources: SGX, LSEG Workspace. Data as of Dec 8, 2025

As detailed in the Index Methodology, to qualify for inclusion in the iEdge Singapore Next 50 Index, a stock must have at least S$100 million in market capitalisation and a median daily turnover of S$100,000 over the past six months. For new listings without six months of trading history, like YZJ Maritime and CAREIT, these criteria are applied on a prorated basis. Constituents must also maintain a free float ratio of at least 15% and at each rebalance. 

At each rebalance, individual stock weights are capped at 5%. For example, on Nov 28, ComfortDelGro Corporation’s free float market capitalisation represented 6.2% of the index, so its weight was capped to 5.0%. That weightage can change from 5.0% based on its relative performance to the other constituents, or any corporate actions prior to the Dec 22 open. These weights may also adjust before the next rebalance in March, depending again on relative price performance and corporate actions. 

The full 50 constituents that will make up the Next 50 on Dec 22 are tabled below. Note the weightages are indicative as they were based on comparative free float capitalisations of the constituents back on Nov 28. Combined, the 47 of the 50 stocks that have been listed for the entire duration of 2H25, have seen their combined average daily turnover (ADT) increase from S$126 million in 1H25 to S$197 million in 2H25 (as of Dec 8). In 2H25, several stocks within the iEdge Singapore Next 50 Index experienced a significant surge in trading activity compared to 1H25. These included PropNex, China Sunsine Chemical Holdings, Banyan Tree Holdings, China Aviation Oil (Singapore) Corporation, and CSE Global. Collectively, these five constituents averaged a total return of 59% in 2H25, while their ADT increased by 4 times to 5 times relative to 1H25, coinciding with heightened investor interest and liquidity in these names over the five months.

**iEdge Next 50 Constituents with effect of Dec 22, 2025 open**

**Code**

**Ind. Index Wgt %** 

**Mkt Cap S$M**

**1H25 ADT S$M**

**2H25 ADT S$M**

**1H25 TR %**

**2H25 TR%**

**1H25 NIF S$M**

**2H25 NIF S$M**

**Sector**

ComfortDelGro

C52

5.0%

3,081

12.68

18.57

\-1

2

0.0

\-147.6

Industrials

Suntec Reit

T82U

5.0%

4,039

6.83

8.29

\-1

25

31.9

46.4

REITs

Keppel Reit

K71U

5.0%

4,138

7.04

8.17

5

20

\-32.8

36.1

REITs

CapLand Ascott T

HMN

5.0%

3,547

4.66

6.92

6

8

\-39.8

\-55.4

REITs

NetLink NBN Tr

CJLU

5.0%

3,706

4.05

5.05

4

11

\-9.3

\-12.8

Telecommunications

Kep Infra Tr

A7RU

4.3%

2,863

2.56

3.22

\-9

23

\-24.0

\-8.5

Utilities

Sheng Siong

OV8

3.8%

3,868

3.66

7.06

16

40

6.6

\-16.7

Consumer Non-Cyclicals

ParkwayLife Reit

C2PU

3.8%

2,638

4.61

4.14

10

0

10.1

\-72.9

REITs

**Golden Agri-Res**

**E5H**

**3.8%**

**3,530**

**1.53**

**3.54**

**\-2**

**10**

**4.0**

**\-37.2**

**Consumer Non-Cyclicals**

CapLand India T

CY6U

3.5%

1,627

2.69

2.98

1

18

\-32.0

9.5

REITs

ESR REIT

9A4U

3.4%

2,220

1.17

3.12

\-2

16

15.5

\-10.7

REITs

IFAST

AIY

3.2%

2,820

7.52

15.37

\-10

41

\-16.9

110.6

Technology

**YZJ Maritime**

**8YZ**

**3.0%**

**2,480**

**N/A**

**13.98**

**N/A**

**N/A**

**N/A**

**6.7**

**Financial Services**

Lendlease Reit

JYEU

3.0%

1,808

2.53

6.91

\-2

24

\-24.3

28.2

REITs

**Cent Accom REIT**

**8C8U**

2.3%

1,859

**N/A**

**4.09**

**N/A**

**N/A**

**N/A**

**\-40.1**

**REITs**

**YZJ Fin Hldg**

**YF8**

**2.2%**

**1,568**

15.11

14.75

87

34

163.9

\-4.5

Financial Services

AIMS APAC Reit

O5RU

2.1%

1,186

1.06

2.96

10

14

\-2.9

\-7.0

REITs

NTT DC REIT USD

NTDU

2.1%

1,290

N/A

8.34

N/A

N/A

N/A

\-90.6

REITs

CapLand China T

AU8U

2.0%

1,368

1.60

1.80

2

15

\-10.9

12.1

REITs

First Resources

EB5

1.9%

3,311

2.98

4.18

3

46

\-13.4

12.3

Consumer Non-Cyclicals

SIA Engineering

S59

1.9%

3,938

1.93

3.73

33

14

20.6

52.1

Industrials

SingPost

S08

1.9%

945

4.51

5.56

15

\-20

11.6

\-110.6

Industrials

StarhillGbl Reit

P40U

1.8%

1,332

0.74

0.84

6

17

\-4.2

\-0.5

REITs

Raffles Medical

BSL

1.7%

1,858

2.23

1.74

20

\-1

15.9

\-0.6

Healthcare

UMS

558

1.7%

974

2.91

8.78

32

5

39.9

\-19.8

Technology

Olam Group

VC2

1.6%

3,635

2.35

2.18

\-20

1

\-19.0

\-22.4

Consumer Non-Cyclicals

CDL HTrust

J85

1.4%

1,056

1.55

1.32

\-6

8

\-11.9

\-6.4

REITs

StarHub

CC3

1.4%

1,976

1.06

1.60

\-2

1

\-10.9

\-5.0

Telecommunications

UOB Kay Hian

U10

1.3%

2,463

0.90

2.15

33

20

\-7.3

41.4

Financial Services

Far East HTrust

Q5T

1.2%

1,242

0.80

0.64

\-4

10

\-20.4

\-5.2

REITs

DigiCore Reit USD

DCRU

1.2%

837

2.24

1.93

\-6

\-3

\-10.5

\-30.8

REITs

CSE Global

544

1.2%

725

1.42

5.73

40

66

10.8

46.5

Technology

Food Empire

F03

1.0%

1,331

1.14

3.02

96

33

\-6.0

\-2.1

Consumer Non-Cyclicals

Riverstone

AP4

1.0%

1,247

2.91

3.55

\-35

28

\-35.6

16.5

Healthcare

Boustead

F9D

1.0%

924

0.43

1.44

39

28

\-0.6

6.6

Industrials

Frencken

E28

0.9%

594

2.86

6.72

13

12

\-2.7

15.6

Technology

Yanlord Land

Z25

0.8%

1,335

2.01

3.00

\-24

37

\-11.8

12.7

Real Estate (excl. REITs)

Sasseur Reit

CRPU

0.8%

851

0.43

0.94

\-2

10

\-5.6

\-18.2

REITs

China Aviation

G92

0.8%

1,282

0.47

2.10

4

63

\-1.9

36.6

Industrials

Hong Leong Asia

H22

0.7%

1,573

1.10

3.97

81

32

21.2

31.1

Consumer Cyclicals

PropNex

OYY

0.7%

1,400

0.71

3.67

20

79

\-0.8

20.8

Real Estate (excl. REITs)

Geo Energy Res

RE4

0.6%

617

2.28

3.77

16

29

11.2

12.5

Energy/ Oil & Gas

Centurion

OU8

0.6%

1,094

2.16

3.17

78

\-22

14.7

\-31.8

Real Estate (excl. REITs)

Banyan Tree

B58

0.6%

539

0.15

0.67

28

46

\-4.4

\-3.5

Consumer Cyclicals

China Sunsine

QES

0.6%

757

0.24

1.21

30

42

1.7

\-13.6

Materials & Resources

SBS Transit

S61

0.5%

992

0.29

0.34

24

17

\-3.9

8.0

Industrials

Wee Hur

E3B

0.5%

679

3.13

4.33

33

54

13.7

15.6

Industrials

Pan United

P52

0.5%

710

0.26

0.69

59

19

1.2

14.1

Materials & Resources

BRC Asia

BEC

0.4%

1,110

0.15

0.31

30

32

0.2

\-2.6

Industrials

COSCO SHP SG

F83

0.3%

524

0.29

0.73

\-10

\-4

0.5

\-2.8

Industrials

Note ADT refers to Average Daily Trading Turnover, NIF refers to Net Institutional Flow, TR refers to Total Return. Sources: SGX, LSEG Workspace. Data as of Dec 8, 2025  
  
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### Related Stocks

- [8YZ.SG - YZJ Maritime](https://longbridge.com/en/quote/8YZ.SG.md)

## Related News & Research

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| REIT Watch – Centurion Accommodation REIT debuts with first pure play portfolio of purpose-built worker and student housing assets | Centurion Accommodation REIT (CAREIT) debuted as the first pure play REIT focused on purpose-built worker and student ho | [Link](https://longbridge.com/en/news/259242201.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.