In today’s briefing:
- Quiddity Leaderboard for Straits Times Index Mar 23: SMM Could Miss Addition
Quiddity Leaderboard for Straits Times Index Mar 23: SMM Could Miss Addition
- In this insight, we take a look at the potential index changes for the FTSE Straits Times Index (STI) (STI INDEX) between now and the March 2023 index review.
- Previously, I expected the Sembcorp Marine (SMM SP) – Keppel Corp (KEP SP) deal to complete in time for SMM to be added to STI during the March 2023 review.
- However, that is looking less likely. SMM’s addition could get delayed to June 2023 and there might be a longer-period overhang in SMM once the deal completes.
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