Lance Alexander speaks with James Ong, Group Head of Asset Management at CGS International, about what has driven the rally in Singapore’s small and mid-cap stocks - and where value may remain after the gains. From chip industry suppliers AEM and UMS to engineering firm CSE Global and investment platform iFAST, they examine earnings growth, valuations and opportunities beyond the iEdge Singapore Next 50 Index. Plus, how can retail investors assess this part of the SGX market, and where might the CGS Fullgoal Singapore Next 50 Active ETF (Q50) fit alongside an STI ETF?