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<Research Report>CICC: MSCI CN Index's Weightings Adjusted in Semi-annual Review, Expected to Bode Well for Tencent, Kuaishou
Recommend 137 Positive 336 Negative 145 |
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MSCI announced last week the results of the May 2022 Semi Annual Index Review for the MSCI Equity Indexes, including that of MSCI China Index, reported CICC. Following the adjustments, 33 new constituent stocks have been added to the MSCI China Index (including four H-shares -- OOIL (00316.HK), POP MART (09992.HK), XTEP INT'L (01368.HK) and ZHAOJIN MINING (01818.HK)), and 45 stocks have been removed. All changes will be in effect after the market close on 31 May. In addition, MSCI likewise adjusted the Foreign Inclusion Factor (FIF) for 78 companies and included quantities of share capital for 182 companies, thus causing the weightings of certain constituent stocks within the index to change. Companies with relatively significant weighting changes were TENCENT (00700.HK) (projected passive capital inflow USD705 million), KUAISHOU-W (01024.HK) (projected passive capital inflow USD489 million), JD HEALTH (06618.HK), ANTA SPORTS (02020.HK) and Lufax Holding Ltd (LU.US). As for the potential effect, CICC forecast that relevant weighting changes will have positive effects on OOIL, XTEP INT'L, IMYCC (900948.SH), POP MART and JD HEALTH, etc., while CBHB (09668.HK), HUABAO INTL (00336.HK), R&F PROPERTIES (02777.HK), LEE & MAN PAPER (02314.HK), WHARF HOLDINGS (00004.HK) and SUNART RETAIL (06808.HK) will be negatively impacted. AAStocks Financial News |
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