In today’s briefing:
- Quiddity Leaderboard TWSE Div+ Jun 23: 3 ADDs/DELs and US$700mn+ of Capping Flows!
- Medco Energi: Improved Credit Fundamentals
Quiddity Leaderboard TWSE Div+ Jun 23: 3 ADDs/DELs and US$700mn+ of Capping Flows!
- In this insight, we take look at Quiddity’s estimations for index changes and capping flows for the Taiwan Div+ index for the June 2023 review.
- I currently see 3 ADDs and 3 DELs but there are several names close to the border and expectations could change before the base date as prices move around.
- I also currently expect capping flows of US$705mn one-way with multiple names with more than five days to trade.
Medco Energi: Improved Credit Fundamentals
- Established in 1980, PT Medco Energi Internasional Tbk (Medco) is an independent oil and gas operator in Indonesia with upstream oil and gas exploration and production as its core business.
- In addition to this, the company also has investments in power generation through fully owned subsidiary PT Medco Power Indonesia (MPI) and copper, gold and coal mining through 23.1% owned PT Amman Mineral Nusa Tenggara (AMNT).
- Both the power and mining entities are outside of the restricted group and will be independently managed, with debt undertaken to be of non-recourse to Medco.
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