Hi guys,

Here's a new thread.

On July 6, KLSE will have new 30 Components.

Give your thoughts on which are the companies you think will be there.

PBBANK (1295)

Ok....Teh Hong Piow rock solid PBBANK (1295) will be there.....

Here is the current 30 companies on the KLCI FBM30 as posted by zamans98. Thanks Z.






Attached thumbnail(s)

YTLPOWER, TM, PBBANK, RESORTS

tanjong

how come PETRONAS have 3 ?
Pet Gas, MISC-F, Petronas Dagangan?

bullish on SPSetia.
we could well see MMC in there since they increased their ownership of Zelan as naz pointed out. Something's up.

i have 2 links here to share..

http://malaysiafinance.blogspot.com/2009/0...-important.html

http://www.theedgemalaysia.com/business-ne...nstituents.html

i dont know why they increase BCHB's weightage by so much ... maybe because of... *ahem*.. i hope there are other reasons too..

This post has been edited by mopster: Jun 26 2009, 05:05 PM

I think the new list will not have the subsidiaries. Odd to have one company, and lots of subsidiaries in there.

Genting have Genting Berhad and Genting Malaysia (aka Resorts)?

And will MAS make the cut or left out? This near PN17 company....

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Added on June 26, 2009, 5:08 pmThanks Mopster....Never saw the news at the Edge on it. So looks like its confirm that on July 6, these 30 will be the KLCI holders. Odd, MAS also included..

This post has been edited by VyvernS: Jun 26 2009, 05:08 PM

yes, exactly, why MAS?

So, rightfully, TM and Axiata oso cronies?
Noticed that ASTRO, MMC, Axiata, Parkson, all up.

Actually KLSE lack of big cap name, so which will be included is already highly predictable in the first place.

Petrogas and Petdag are running in different segment, and revenue wise is not conflicting or derived from each other, so it is still fine.

But for Resort or Genm and Genting, it is different story, as bulk of Genting revenue is come from Genm, which in Genting book, revenue and profit already inclduing Genm, so you duplicating the effect of Genm.
Genm is associate company of Genting.

So Genm fundamental has 2x effect on the new 30 CI index.

ok, agreed with Cherroy on Genting & Co.

So, which good company left out?

How good is Maybulk?

Didn't see any other O&G big name (except for taikor Petronas)

TRANMIL!!!!

ok dun throw me with your old shoes

Technically TM and Axita are now separate entities, right ? but yeah.. like u say.. cronies lol..
Somehow i dont understand why Parkson can be in.. market capitalization ? their stock swings a lot during trading but always get "pushed" up at the end..

err newbie question again.. so on 6th July the index will have different value ? like today close 1075.. tomolo we start at a different value because of a different benchmark ? should beginners stay off for sometime to monitor and get used to it first ? ty

if 3/7 (friday) close at 1075, on 6/7 (monday) it will open at 1075.

the numbers will not be reset.

apparently, the index will continue from where it was left out the previous trading day only with 30 counters instead of 102.

Like it gets mentioned in one of the links, The FBM 30 is underrepresented in transportation, logistics, conglomerates and oil & gas.

Maybulk not there. IJM will be great company to have for properties/construction.

Actually I don't see a strong reason to revamp current CI, changing "new soup without changing the medicine/ingredient" makes not much different actually.

Changing the free float mode could be understandable, but ditching out some name and including especially on both Resorts and Genting seems not right.

Index work at best is to represent the major company in the stock exchange and economy of the country.

It is not made to be look 'high' then can be proud of if the index looks high.

Anyway, just my opinion.

with the new benchmark could it be easier to manipulate KLCI ?
EPF already the major shareholder in most of them..

then the KLCI cannot be used as a reference to the country's economy liao. since some sectors are not included..
index can be green.. but construction,transport stocks all dead.. no one knows.. LOL

Astro also included in the list ..

where is gamuda???

IJM should be include right?

Parkson is included maybe due to its industry, because it is the biggest. makes more sense than to put TheStore, right ? LOL

hi hi,

actually, what is the different between now and after 6 July?
can elaborate some?

what will happened to the stock that not included in the category?

None on BJ Corp as well.

yeah, dont really understand also, a friend of mine recommend me to snap up some stocks by 6th July

The difference is that previously they use 100 stocks to compute the CI, now become 30 stocks.

Those stocks are being ditched out one, still remain the same, nothing change, except some fund managers may need to dispose them if their funds objective is to track CI performance.

okay, so those in the 30 companies list, the share will hike up? thnks.

Not necessarily. It would gain more exposure and volume, but does not mean will go up. But this does not change from before because they were already the big movers.

More importantly, the smaller cap companies might lose some FF due not being in the 'Main' index anymore. Although they still play a role in the top 100 index.

If you choose the right counters at right price, most of you will easily beats the new index.

The best performers in recent rally are not from index linked counters.

I wouldn't say like that, as those penny stocks are hardly hit in recently slump, so they tend to bounce up more.

Overall, even in US, junk bond and low quality stocks, low cap are the best performer, rising 50%, 100% or even more from March low. But bare in mind also, they are the hardest hit previously as well.

Index linked counter generally come from big cap and steady company or so called blue chip company, so their volatility generally lower compared to low cap.