The SPDR STI ETF (SGX: ES3) is an exchange-traded fund (ETF) that mimics Singapore's Straits Times Index (SGX: ^STI). Sembcorp Industries (SGX: U96) delivered negative 11.4% in total returns over the same period. Venture Corporation (SGX: V03) and Singapore Technologies Engineering's (SGX: S63) total returns came in at minus 7.8% and minus 4.5%, respectively. Sembcorp Industries provides energy and urban solutions across Singapore, India, China, the United Kingdom, Vietnam and the Middle East. Cash of S$1.1 billion sat against total borrowings of S$9.0 billion, excluding lease liabilities, as at 31 December 2025.