Emperador (EMI) was recently included in Singapore Straits Times Index , which is a milestone for Billionaire Andrew Tan’s company and EMI is the first Philippine Listed Stock to do so.
EMI replaced Comfort DelGro as constituent in benchmark Straits Times Index
EMI price move up significantly during the day and help improve PSEI market sentiment. At the close EMI share price is 20.85php/share.
In its lates disclosure in PSE edge it states that “Emperador Inc., a global spirits company, takes another historic milestone as it officially joins major global companies in the Straits Times Index (STI) after meeting all the eligibility requirements. Emperador’s inclusion in the STI, which is the first for a Philippine company, will take effect at the start of trading on September 19, 2022”
STI is a market capitalization weighted index that tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX). It is widely followed by investors as the benchmark for the Singapore market. There are only 30 stocks listed on the STI index so this is really a good news for the company.
The inclusion of Emperador in the STI will expose the company to a larger base of institutional and retail investors as well as active and passive funds. Inclusion in the STI is a testament of Emperador’s consistent outstanding performance through the years.
Emperador (EMI) was granted eligibility to list in SGX last April 13,2022. Majority of shares ( 84.57%) is own by Alliance Global Group (AGI).
The constituents of STI will be updated by September 19 to reflect inclusion of Emperador.
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my website so I can continue to provide you with free content each week!
The Philippine stock exchange has recently announced the official latest list of Blue chip Stocks starting August 8, 2022. Biannual results from the review included newly listed Semirara Mining Corporation while Security Bank was delisted.
What are Blue chip Stocks
Blue chip stocks are so called best companies in the Philippine market today. They have been selected by the Philippine Stock Exchange to represent the best companies in the country. They are the stocks that represent the Philippine Stock Exchange Index or PSEI.
How do they Select Blue chip stocks to Represent PSEI
We have a previous article here explaining the minimum requirements for the selection criteria. Also before the announcement of Semirara Mining Corporation inclusion on the index, we made a youtube vlog review. Final results have been confirm before August 8 based on the latest Security and Exchange commission announcement.
Selection includes liquidity from the last 9 months of trading performance, Highest in market capitalization and a public float level of at least 15%.
Philippine Stock Exchange Announcement
Below is an excerpt from PSE management on the results of the review.
The index review from July 2021 to June 2022 showed that Semirara Mining and Power Corporation (SCC) was qualified to be a member of the 30-company PSE index (PSEi). The said security will replace Security Bank Corporation (SECB) effective August 8, 2022.
The top publicly listed companies based on liquidity, market capitalization, and free float level are the securities considered for inclusion in PSE indices. Aside from these criteria, relevant financial benchmarks are also used in the index review.
“This is the last index recomposition with a free float requirement of at least 15 percent. As announced in August 2021, companies should have a public ownership level of at least 20 percent to qualify for index inclusion in the next review period. We expect companies that would like to remain index constituents but have a free float of less than 20 percent to take the necessary corporate action to address this concern,” said PSE President and CEO Ramon S. Monzon.
The sector indices will also see minor changes, with the addition of seven securities. Rizal Commercial Banking Corporation will become a component of the Financials index while Benguet Corporation is set to be a constituent of the Mining and Oil index. The Property index will see the addition of 8990 Holdings, Inc. and DDMP REIT, Inc. (DDMPR). Phinma Corporation, Shakey’s Pizza Asia Ventures, Inc., and Synergy Grid & Development Phils., Inc. will all be part of the Industrial index.
The PSE MidCap and Dividend Yield (DivY) indices, which were launched in March 2022, will likewise see a revamp of its 20-member composition. SCC will be taken out of the PSE MidCap index following its PSEi inclusion, together with Cebu Air, Inc., DoubleDragon Corporation, and Filinvest Land, Inc. Taking their place as PSE MidCap stocks are AyalaLand Logistics Holdings Corp., DDMPR, SECB, and Union Bank of the Philippines.
The PSE DivY Index, on the other hand, will see the inclusion of the four Real Estate Investment Trusts (REITs) that debuted in 2021, namely DDMPR, Filinvest REIT Corp., MREIT, Inc. and RL Commercial REIT, Inc. Securities that will be removed from the PSE DivY are Robinsons Land Corporation, Robinsons Retail Holdings, Inc., SECB, and Universal Robina Corporation.
Security Name
Symbol
Outstanding Shares
Ayala Corporation
AC
714.5
ACEN CORPORATION
ACEN
8.52
Aboitiz Equity Ventures, Inc.
AEV
59.55
Alliance Global Group, Inc.
AGI
9.28
Ayala Land, Inc.
ALI
27.7
Aboitiz Power Corporation
AP
31.55
BDO Unibank, Inc.
BDO
114.8
Bank of the Philippine Islands
BPI
94.7
Converge Information and Communications Technology Solutions, Inc.
Click Here to View
Click Here to View
Click Here to View
