AirAsia, Petronas Chemicals added to FTSE Value-Stocks Asean Index

This article first appeared in The Edge Financial Daily, on May 14, 2019.
AirAsia, Petronas Chemicals added to FTSE Value-Stocks Asean Index
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KUALA LUMPUR: Two Malaysian stocks, AirAsia Group Bhd and Petronas Chemicals Group Bhd, are among the latest addition to FTSE Russell’s FTSE Value-Stocks Asean Index.

Genting Group’s Singapore operations subsidiary, Genting Singapore Plc, has also been added as a constituent in the index.

In a statement yesterday, FTSE Russell said the changes will become effective after the close of business on Friday.

Meanwhile, three Malaysian stocks have been excluded from the list as part of the review. They are Sime Darby Property Bhd, MISC Bhd and RHB Bank Bhd.

FTSE Russell reviews the FTSE Value-Stocks Asean Index semi-annually.

The FTSE Value-Stocks Asean Index is made up of about 50 value stocks from five Asean countries, namely Indonesia, Malaysia, the Philippines, Thailand and Singapore.