In today’s briefing:
- Hang Seng Index (HSI) Rebalance: Does Anyone Know What the Index Committee Is Thinking?
- Keppel DC REIT: An Interesting Play on AI Boom
Hang Seng Index (HSI) Rebalance: Does Anyone Know What the Index Committee Is Thinking?
- We continue to be led down the garden path – no constituent changes for the Hang Seng Index (HSI INDEX) in March means we remain at 83 members.
- Despite having an opportunity to add stocks to the index without increasing turnover, the index committee have done nothing. Which begs the question – what exactly are they waiting for?
- Float and capping changes result in an estimated one-way turnover of 3.8% and the resulting round-trip trade is HK$16.7bn (US$2.15bn).
Keppel DC REIT: An Interesting Play on AI Boom
- We think Keppel DC REIT is an interesting play to look at for the AI revolution. The markets are supported by strong fundamentals
- With a strong balance sheet and low leverage, the Company has ample headroom to do more M&As to drive DPU growth
- The stock has corrected post Deepseek incident. We think valuation is attractive and presents an interesting opportunity.
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