Daily BriefsSingapore

Daily Brief Singapore: SATS and more

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

By Janaghan Jeyakumar, CFA

  • 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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