With a market cap of nearly 20 billion, it ranks 25th. 99SMART can be included in the constituent stocks.

According to Bloomberg data, as of the close of 25th, which is also the date for FTSE Russell to review the 30 largest index constituents based on market cap in the second half of the year, 99 Speed Mart's market cap has successfully risen to 25th place on the Malaysian stock exchange, highly likely to become one of the new index constituents, while Kim Quek Tai's market cap ranks 16th, securing its spot.

MIDF research analysts pointed out that 99 Speed Mart closed at 2.38 ringgit yesterday, with a market cap of 19.99 billion ringgit, firmly holding the 25th spot on the Malaysian stock market cap rankings.

"Although 99 Speed Mart has not yet disclosed the details of its post-listing ownership structure, based on its Initial Public Offering (IPO) plan's 17% public shareholding ratio, it should now meet the free float share ratio requirements for index constituents.

99 Speed Mart, a chain of 'cheap and convenient' mini supermarkets, just debuted on the main board on September 9th this year, with an IPO price of 1.65 ringgit per share. As of the close on the 25th of this month, it has surged by 44.85%.

The review results of the index components for the second half of the year will be announced on December 5 and will take effect from December 23.

FTSE Russell will determine the new round of the top 30 index components based on market cap rankings as of November 25, and companies ranked in the top 25 in terms of market cap will generally be included.

In addition, MIDF investment research analysts previously mentioned that according to the basic rules of the index series, if the market cap of a newly listed company exceeds 2% of the total market cap of the FTSE Bursa Malaysia All-Share Index, it can enter the index components through a "Fast Entry" approach.

Nevertheless, an unnamed analyst told financial website The Edge that FTSE Russell may not rush to include the recently listed 99 Speed Mart as a component stock, but may list it as a candidate for further observation for a period of time.

"Although there is no rule that newly listed companies cannot become component stocks, I believe that FTSE Russell tends to include newly listed companies in the candidate list during reviews, rather than directly adding them as component stocks."

As for Public Bank, as of the closing market on the 25th, the market cap reached 25.76 billion ringgit, ranking 16th in the entire Malaysian stock market's market cap list, once again included in the index component stocks, there is no doubt.

Public Bank became an index component stock at 9:20 pm on September 20, 2010, replacing Tanjong, which was privatized at the time, but was kicked out in December 2011.

As of the close of market on the 25th, the market caps of Genting and Genting Malaysia are 14.75 billion ringgit and 11.9 billion ringgit respectively, ranking only 34th and 39th in the entire Malaysian stock market market cap list.

Among them, the stock price of Yang Zhongli institutions from June 6 to November 25 dropped from 3.54 ringgit to 1.85 ringgit, a sharp decline of 47.75%, and its market cap also significantly shrank by 19.28 billion ringgit, falling to 20.43 billion ringgit.

As for Yang Zhongli electrical utilities, during the same period the stock price fell by 38.52%, dropping from 4.98 ringgit to 3.06 ringgit, the market cap shrank by 16 billion ringgit, to 25.13 billion ringgit.

As a result, the overall market cap rankings of Yang Zhongli institutions and Yang Zhongli electrical utilities also dropped from the previous 10th and 11th positions to 24th and 17th positions.