Totm Technologies, formerly Yinda Infocomm, has announced its inclusion into the MSCI Singapore Micro Cap Index on Nov 12.
The company will be included into the index at the start of trading on Dec 1.
The MSCI Singapore Micro Cap Index is designed to measure the performance of the micro cap segment of the Singapore market.
It has 195 constituents.
See: Renamed Totm Technologies sees potential in digital identity industry
The index represents some US$12.7 billion of the free float market capitalization of the Singapore equity universe.
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“We are looking forward to the inclusion of the company in the index as this is a key milestone that will enhance Totm Technologies’ trading liquidity and increase its visibility among global investors,” says Pierre Prunier, CEO & executive director of Totm Technologies.
“We endeavour to step up our engagement with the investment community and promote Totm Technologies’ value proposition as a leading expert in Identity Management Solutions, especially in the space of digital on-boarding and digital ID. In the post-Covid-19 scenario, the global digital identity solutions market size is projected to grow from US$23.3 billion in 2021 to US$49.5 billion by 2026, representing a CAGR of 16.2% from 2021 to 20262 and the group is poised to tap on this favourable trend,” Prunier adds.
Shares in Totm Tech closed 0.8 cent higher or 4.40% up at 19 cents on Nov 12.
Photo: Albert Chua/The Edge Singapore
