In today’s briefing:
- Quiddity ES50 Sep26 Results: All Expected ADDs/DELs Correct; Engie + Nokia IN; VWagen + Wolters OUT
- StubWorld: YTL Corp’s New All-Time Low Versus YTL Power
Quiddity ES50 Sep26 Results: All Expected ADDs/DELs Correct; Engie + Nokia IN; VWagen + Wolters OUT
- The September 2026 index review results for the ES50 index were announced yesterday after market close.
- There will be two ADDs and two DELs for the index. This is in line with our expectations.
- The Inclusion/Exclusion events will take place at the close of trading on Friday 18 September 2026. We see US$5bn+ in one-way flow.
StubWorld: YTL Corp’s New All-Time Low Versus YTL Power
- YTL Corp (YTL MK)‘s simple ratio – YTL/YTL Power International (YTLP MK) – has eked out a new all-time low. The implied stub is similarly around an all-time low.
- Preceding my comments on YTL and 52%-held YTL are the current setup/unwind tables for Asia-Pacific Holdcos.
- These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation >20%
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
