LHN, a real estate management services group, has emerged as the top performer amongst the latest companies transitioning from the Catalist board to the Mainboard, boasting a 41% annualised total return over five years. This achievement highlights the company’s strategic growth, particularly in its space optimisation business, which contributed to a 29% revenue increase in fiscal year ending 30 September 2024.
The five most recent Catalist-to-Mainboard graduates, spanning various sectors, have collectively achieved a median annualised total return of 9.4% over the past five years. LHN’s impressive performance was followed by Grand Venture Technology, which recorded a 28% annualised return. In contrast, Rex International experienced a 4% decline in annualised returns, despite recent gains in trading turnover.
LHN’s transition to the Mainboard on 13 December 2024, was marked by a 24% increase in net profit to S$47.3m, driven by its space optimisation efforts. The company also engaged in capital recycling initiatives, including the sale of a car park at Bukit Timah Shopping Centre and a joint venture investment in Wilmer Place.
The transition of these companies underscores the diverse opportunities within Singapore’s stock market. LHN’s success story, in particular, reflects the potential for growth and profitability in the real estate sector. As these companies continue to evolve, their performance on the Mainboard will be closely watched by investors and market analysts alike.
