In today’s briefing:
- LQ45 Index Rebalance Preview (Oct 2024): Identifying Potential Index Changes
- Merdeka Copper Gold (MDKA IJ) – Fully Charged Commodity Play
LQ45 Index Rebalance Preview (Oct 2024): Identifying Potential Index Changes
- The review period for the LQ45 Index October rebalance ended 30 September. The changes should be announced the last week of October, becoming effective after the close on 31 October.
- We highlight 4 potential inclusions and 5 potential exclusions for the index at the rebalance. The actual number of changes could be lower at 2-3 a side.
- There are a few stocks that will have over 1x ADV to trade from passive trackers if they are added to or deleted from the index.
Merdeka Copper Gold (MDKA IJ) – Fully Charged Commodity Play
- Merdeka Copper Gold (MDKA IJ) provides a well-rounded exposure to gold and copper, where it has significant expansion plans in place for both metals through developing new assets.
- The company has exposure to the EV battery ecosystem through Merdeka Battery Materials, which has one of the world’s largest nickel deposits at its SCM mine, developed by Rio Tinto.
- Merdeka Battery Materials is developing multiple HPAL processing plants in partnership with leading battery material companies. Valuations for FY2025E and FY2026E look interesting as new projects start to kick in.
💡 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
