In today’s briefing:
- SET50 Index Rebalance Preview: Four Changes as Adds Outperform Deletes
- Valeura Energy (TSX: VLE): Another strong quarter
SET50 Index Rebalance Preview: Four Changes as Adds Outperform Deletes
- A third of the way through the review period for the December rebalance of the Stock Exchange of Thailand SET 50 Index (SET50 INDEX), we see four potential index changes.
- Passive trackers will need to buy between 0.5-4.3 days of ADV on the inclusions and sell between 0.1-2.9 days of ADV on the deletions.
- The forecast adds have outperformed the forecast deletes and the Stock Exchange of Thailand SET 50 Index (SET50 INDEX) over the last 5 months.
Valeura Energy (TSX: VLE): Another strong quarter
- • 3Q24 production was 22.2 mbbl/d.
- This is well above our conservative forecast of 20.4 mbbl/d that incorporated more provisions for downtime and steeper declines.
- All the assets appear to be performing very well.
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