It is a foregone conclusion that Sunway's subsidiary shares will replace Bank of Malaysia
It is a foregone conclusion that Sunway's subsidiary shares will replace Bank of Malaysia
With the end of the evaluation date for the review of the composite index constituent stocks on May 27, CIMC Securities analysts are increasingly optimistic. Sunway $SUNWAY (5211.BMS)$ The possibility of entering the comprehensive index of constituent stocks.
According to Bloomberg market data as of May 27, Sunway's market capitalization has climbed to 23rd place among Malaysian stocks.
“According to the rules, if a company's market capitalization rises to 25th place or above in the Malaysian stock market, it will qualify as a constituent stock of the Composite Index. Therefore, our analysis shows that Sunway is expected to be added as one of the constituent stocks in the June review.”
The analyst pointed out that if Sunway is officially selected as a constituent stock, the Bank of Malaysia currently has the lowest market capitalization among the constituent stocks $AMBANK (1015.BMS)$ , will probably be replaced.
Furthermore, analysts pointed out that since the evaluation on November 20 last year, CNPC trade $PETDAG (5681.BMS)$ , Mingxun $MAXIS (6012.BMS)$ Tiandi-tong Digital Network $CDB (6947.BMS)$ They are the 3 constituent stocks with the biggest decline in market capitalization.
Meanwhile, Yang Zhongli's agency $YTL (4677.BMS)$ , Yang Zhongli Electric Power $YTLPOWR (6742.BMS)$ With national energy $TENAGA (5347.BMS)$ These are the 3 constituent stocks with the biggest increase in market capitalization.
Looking at Malaysian stocks, the company with the largest market capitalization is still Bank of Malaysia $MAYBANK (1155.BMS)$ , closely followed by the Public Bank $PBBANK (1295.BMS)$ ， $TENAGA (5347.BMS)$It is in third place.
This time $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$The preliminary results of the comprehensive index component review will be released on June 5, while FTSE (FTSE) and the Malaysian Exchange will officially announce the results on June 6.
From YouTube
Source: Nanyang Siang Pao
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