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Catalist to mainboard firms show 9.4% median return

LHN led with a 41% annualised return.

The five most recent companies that transitioned from the Catalist board to the Mainboard achieved a median annualised total return of 9.4% over five years, with performance varying across sectors, according to SGXGroup in a research note last Monday.

LHN led with a 41% annualised return, followed by Grand Venture Technology at 28%, whilst Rex International posted a 4% decline over the same period.  

Rex International was amongst the 50 most traded Singapore stocks by turnover in January, whilst LHN and Grand Venture

Technology ranked amongst the 75 most traded.

LHN's trading turnover has increased since it issued its FY24 profit guidance on 15 November.  

On November 25, LHN reported a 29% rise in FY24 revenue from FY23, driven by its space optimisation business, with attributable net profit rising 24% to $47.3m. 

The company has pursued capital recycling initiatives and was officially listed on the Mainboard on 13 December.
 

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