Dialog, Westports Replaced by YTL Power, YTL in Malaysia's KLCI Index Published: Nov. 30, 2023 at 5:24 a.m. ET By Ying Xian Wong
Malaysian oil-and-gas tank terminal operator Dialog Group and port operator Westports Holdings will be replaced by infrastructure conglomerate YTL and utilities company YTL Power International in Malaysia's benchmark equity index.
The changes to the FTSE Bursa Malaysia Kuala Lumpur Composite Index will take effect Dec. 18, Bursa Malaysia and FTSE Russell said Thursday after a semiannual review.
They also said that the index's reserve list will comprise Dialog, Gamuda, Inari Amertron, Malaysia Airports Holdings and Westports, the five highest-ranking nonconstituent companies of the index by market capitalization.
The KLCI's constituents are Malaysia's 30 largest companies by market capitalization, subject to meeting free float and liquidity requirements.
Shares of YTL Power ended 0.9% higher at 2.37 ringgit, with a market capitalization at MYR19.17 billion ($4.12 billion).
YTL shares were 0.6% lower at MYR1.55, with a market capitalization of MYR17.2 billion. Write to Ying Xian Wong at firstname.lastname@example.org
cgtan2020 Most analyst projected earning for this Q1 2024 is about 500-600Millions, Most know the fact that it will be hard to hit 1.1 Billions profit this Q1'24, if it can hit 750-800Millions this Q1'24 with quarterly dividend to support YTL bigger dividend this year, it might not gap down/huge gap down. If profit 900-950 Million and above, it will be exceptional. In the end, it is continuous increase in profit that ensure stable and uptrend price. For those who has sold of course you will be praying for it to gap down. There is nothing wrong with that. You just make the decision to take profit into your pocket. For those decided to hold over earning, you have the long term view and faith in the company growth. CEO appear on CNBC/Bloomberg is NOT a major selling indicator. We don't know how it happened and the whole purpose of it. Let's cross your finger and see how the earning come in tomorrow after market close. If you want to know more on the company, attend the AGM on 05-Dec-2023. On 06 Dec 2023, it will be propose to be part for FBMKLCI, take effect on 18-Dec-2023. Good luck to all short short term investor, Mid Term and long term investor. 22/11/2023 3:35 PM
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