In today’s briefing:
- Straits Times Index Quiddity Leaderboard Mar 23: Sembcorp/Keppel Situation Could Cause Index Changes
- Smartsheet Inc- Initiation of Coverage – The Outfit Acquisition & Other Drivers
Straits Times Index Quiddity Leaderboard Mar 23: Sembcorp/Keppel Situation Could Cause Index Changes
- The FTSE Straits Times Index (STI) (STI INDEX) has a quarterly rebalancing cycle with index reviews performed in March, June, September, and December every year.
- The March and September reviews are complete index reviews while the June and December reviews are only for new listings.
- In this insight, we take a look at the potential index changes that can take place between now and the end of the March 2023 index review.
Smartsheet Inc- Initiation of Coverage – The Outfit Acquisition & Other Drivers
- This is our first report on Smartsheet, a well-known cloud-based enterprise platform for workflow automation and various other features.
- The company had a successful second quarter and managed to surpass Wall Street expectations in terms of revenues and earnings.
- Their new business movement also had another successful quarter in Q2, with new business bookings establishing a new quarterly high.
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