In today’s briefing:
- IDX30/LQ45/IDX80 Index Rebalance: Float & Capping Changes
- Morning Views Asia: Delta Dunia Makmur, Jingrui Holdings, KWG Living Group
IDX30/LQ45/IDX80 Index Rebalance: Float & Capping Changes
- Float and capping changes will require passive trackers to buy Bank Central Asia (BBCA IJ) and sell Bank Rakyat Indonesia Persero (BBRI IJ) at the close on 28 April.
- There will be passive changes to other stocks too, though the impact will not be material on most of the stocks.
- GoTo (GOTO IJ) could be added to the IDX30, LQ45 and IDX80 indices in May. With the oversubscription option nearly all used up, the stock should trade weak near-term.
Morning Views Asia: Delta Dunia Makmur, Jingrui Holdings, KWG Living Group
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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