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Blue chip reshuffle imminent - JWD undoubtedly enters the list, 99 Speed Mart surges forward.

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南洋商报 NYSP wrote a column · Oct 7, 2024 17:39
Blue chip reshuffle imminent - JWD undoubtedly enters the list, 99 Speed Mart surges forward.
Blue chip reshuffle imminent, JWD re-enters the list without doubt; $GAMUDA (5398.MY)$ and the newly listed 99 Speed Mart $99SMART (5326.MY)$ Still striving to climb the rankings.
With only one and a half months left until the review of the FTSE Bursa Malaysia KLCI components in December this year, looking at the closing on Friday (October 4) at 5 pm, among the 40 listed companies on the Malaysian stock market, Genting has already surged to the 23rd top tier.
Malaysian banking investment banks have released an analysis report, closely following the competition of component stock reviews by the deadline of November 25 (Monday). If Genting can maintain a market cap ranking in the top 25 before the deadline, it can enter the blue chip list.
Genting's current market cap exceeds 22.3 billion ringgit and meets liquidity test.
It is worth mentioning that in this round, after a 7-year absence from the constituents, construction stocks have once again entered the index, as far back as 2017 when IJM also made it to the blue chip list. $IJM (3336.MY)$ And due to more outstanding shares in the market, analysts also pointed out that after Genting’s listing, its weight in the sse conglomerates index is expected to reach 3.32%, ranking 6th, higher than many other blue chip stocks with higher market caps.
By then, the weight of other sectors such as financials in the sse conglomerates index will also decrease accordingly.
At that time, the weight of other sectors such as financials in the sse conglomerates index will also decrease accordingly.
99 Speed Mart还差2名
而备受瞩目的99 Speed Mart鸣锣上市后,市值平步青云,目前已经成为马股30大企业。
它的市值逾19.2 billion令吉,排名第27,与家喻户晓的另一消费股Mr. DIY $MRDIY (5296.MY)$ 几乎齐头并进。
不过,这支新股要跻身马股蓝筹榜,还需要努力攀升到第25名;目前排在第25名的,恰好也是另一只消费股PPB集团 $PPB (4065.MY)$ ,市值约20.5 billion令吉。
值得一提的是,Mr. DIY在2020年尾上市之后,在隔年6月就成为了成分股。
云顶双雄恐出局
As JinWu is almost certain to return to the blue chip, while 99 Speed Mart is still striving for a higher ranking, the Genting brothers are facing the fate of being eliminated.
Analysts pointed out that currently at the bottom of the blue chip market cap rankings, Genting Malaysia is very likely to be replaced by JinWu's stock. $GENM (4715.MY)$ Genting Malaysia, with a current market cap of about 13.4 billion ringgit, ranks 36th in the market cap rankings, its blue chip status is in jeopardy.
If 99 Speed Mart successfully climbs the rankings, with a market cap of 15.9 billion ringgit and ranking 33rd, Genting is also expected to step down.
Malaysian market cap rankings (as of October 4) $GENTING (3182.MY)$ the Genting, expected to step down as it may be overtaken by 99 Speed Mart with a market cap of 15.9 billion ringgit and ranking 33rd.
Blue chip reshuffle imminent - JWD undoubtedly enters the list, 99 Speed Mart surges forward.
Malaysian market cap rankings (as of October 4)
According to the review rules of the sse conglomerates index constituents, non-constituent market cap needs to climb to at least the 25th position of the marekt cap rankings; or constituent market cap needs to fall to the 36th position or below for changes to occur in the index constituents.
In addition, in the FTSE Russell conglomerates index liquidity test, existing index constituents in the past 12 months need to have at least 8 out of 12 months where the daily median volume reaches 0.04% of free float shares.
Source of information: Nanyang Siang Pau
Disclaimer: This content is for reference and educational purposes only, and does not constitute any specific investment, investment strategy, or recommendation. Readers should bear any risks and responsibilities resulting from relying on this content. Before making any investment decisions, be sure to conduct your own independent research and evaluation, and consult with professional advice when necessary. The author and related participants are not responsible for any losses or damages resulting from the use or reliance on the information contained in this article.
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