- Emperador (SGX:EMI) will replace ComfortDelGro (SGX:C52) in the Straits Times Index (STI) by FTSE Russell, with effect from 19 Sep.
- - Read this at SGinvestors.io -
- One of the ground rules for STI inclusion stated that “a company will be inserted into the STI at the quarterly review if it rises to 20th position or above when the eligible securities are ranked by full market capitalisation (before the application of any investability weightings).”
- As of end-Aug 2022, STI ETFs had S$2.2bn worth of AUM.
- - Read this at SGinvestors.io -
- Emperador’s free float of 15.1%, just passed the 15% requirement for inclusion. we estimate Emperador to hold a constituent weight of 0.39% upon inclusion, which could translate into passive inflow worth 3.2x ADTV, or S$2.74m.
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LOCK Mun Yee CGS-CIMB Research | LIM Siew Khee CGS-CIMB Research | ONG Khang Chuan CFA CGS-CIMB Research | https://www.cgs-cimb.com 2022-09-02
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