Olam Group
STI Index Rebalance Preview (March 2022): Olam Could Replace ComfortDelGro
Event-Driven
776 Views, 10 Jan 2022 05:27
EXECUTIVE SUMMARY
- The next FTSE Straits Times Index rebalance will use data from the close on 21 February. The changes will be announced on 3 March and become effective post 18 March.
- Based on data from 7 January, we see Olam International (OLAM SP) replacing Comfortdelgro Corp (CD SP) in the index. The estimated impact on the stocks is quite high.
- Olam International (OLAM SP)'s market cap needs to stay ahead of City Developments (CIT SP) and Mapletree Commercial Trust (MCT SP) over the next six weeks for index inclusion.
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Brian Freitas
Pan-Asia Index Rebalances/Events/Delta One
Periscope Analytics
Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian...
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