FBM KLCI


Bursa

The FBM KLCI is a tradable index comprises of the 30 largest companies in the Bursa Malaysia by market capitalization. The index’s a component underwent a review on 8th December 2011

The prediction made earlier, was partly correct. Bumi Armada, UEM Land and AirAsia are joining the KLCI to replace PLUS, MISC and Gamuda. UEM Land’s inclusion is effective from 13th December while Bumi Armada and AirAsia will be part of the index from 19th December.

With Gamuda drop from the index, there is no longer any construction representative in the index. However, the inclusion of UEM Land into the index gives a property sector representation.

The table below is the new FBM KLCI component’s stock together with their sector, market capitalization (actual & adjusted) and weightage.

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Bursa

The FBM KLCI is a tradable index comprises of the 30 largest companies in the Bursa Malaysia by market capitalization. The index’s component stocks are due for second 2011 revision on 8th December.

Based on the recent data, PLUS and Gamuda are expected to drop from FBM KLCI components. PLUS will be dropped due to privatization.

On the other hand, Gamuda will be dropped because it is now the 37th largest company by market capitalization. This is because as per FTSE regulations, if the counter no longer in the top 35th, it should be dropped from the FBM KLCI.

Based on the table below, to replace PLUS and Gamuda, 3 most likely candidates are Nestle, AirAsia and Bumi Armada.

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FTSE Bursa Malaysia KLCI Index (FBMKLCI) component stocks is due for mid-year review. The result will be out soon and it will be effective starting from 17th June 2011.

In this review, MMHE Holdings was replacing Malaysian Airline System (MAS), which has fallen below the Top 40 stocks by market cap in Malaysia.

The table below are the new component stocks for FBMKLCI, its Adjusted Market Capitalization, Weightage and Investiblity Weight.

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The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) started 2011 at the closing record of 1,533.42 points. Many analysts positive on 2011 outlooks with some targeting FBM KLCI to hit as high as 1710 points.

Below are some of the factors on the positive outlooks.

  • Early general election in 2011
  • More foreign funds coming
  • Impact on 10th Malaysia Plan (10MP) and Economic Transformation Programme (ETP)

The table below is the FBM KLCI 2011 year end target from various research houses or brokers. If you have data from other brokers, kindly leave in the comment fields below.

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petronas

Petronas Chemicals Group (PCG) has received orders for about 21 times the shares available in its RM12.8 billion initial public offering (IPO) for institutional offering. The retail offering of 293 million shares was oversubscribed by 2.5 times.

Shares were priced at RM5.20 each for institutions while individual investors get 3 percent discount at RM5.05. Demand for the shares exceededing the supply, with the institutional offering attracting orders for about RM92.6 billion worth of shares. The IPO values Petronas Chemicals at RM38.8 billion, or 16.3 times profit, a 38 percent premium to the industry median.

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