EMPERADOR Inc. officially joined major global companies in the Straits Times Index (STI) after meeting all the eligibility requirements, the first for the Philippine company.

In a statement on Friday, Emperador said the company's inclusion in the STI will take effect at the start of trading on Sept. 19, 2022.

Emperador is the world’s best-selling brandy. CONTRIBUTED PHOTO
Emperador is the world’s best-selling brandy. CONTRIBUTED PHOTO

Widely followed by investors as the benchmark for the Singapore market, STI tracks the performance of the top 30 companies listed on the Singapore Exchange.

Emperador said its inclusion in the STI will expose the company to a larger base of institutional and retail investors as well as active and passive funds.

"It is an honor to be the first and only Philippine company to be part of the STI alongside its reputable roster of global companies. Being a constituent in the benchmark index of Asia's most international exchange further solidifies Emperador's status as a global company," said Emperador Inc. President Winston Co.

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"Inclusion in the STI is a testament of Emperador's consistent outstanding performance through the years. We are currently embarking on our aggressive international strategy, and we are glad to have an exposure of this scale," Co added.

Mark Race, head of equity sales at DBP-Daiwa Capital Markets Philippines Inc., said the "huge" development "says a lot about how investors appreciate the liquor giant's world-class products and global presence."

On July 14, 2022, Emperador made history by being the first Philippine Stock Exchange-listed company to have a secondary listing on the Singapore Exchange.

Emperador Inc. is a high-growth brandy and whisky company that owns Emperador Brandy, the world's best-selling brandy, and Whyte and Mackay, the world's fifth-largest Scotch whisky producer.

The company's portfolio of iconic brands includes Fundador Brandy, The Dalmore, Jura and Tamnavulin Single Malt Scotch whiskies. The products are available in more than 100 countries across the globe.