KUALA LUMPUR: IOI Properties Group Bhd
(IOIPG) is likely to replace Sime Darby Bhd as one of FBM KLCI’s 30 constituents in the upcoming semi-annual review by FTSE Russell and Bursa Malaysia, according to an analyst.
CIMB Securities Sdn Bhd analyst Ivy Ng Lee Fang said Bloomberg data as of yesterday indicated that IOIPG has risen to the 24th place in market capitalisation among eligible securities, supported by an 87.8% share price rally since Nov 24, 2025.
“Under FBM KLCI ground rules, a stock becomes eligible for inclusion if it ranks 25th or higher by market capitalisation, suggesting IOIPG is poised for FBM KLCI inclusion,” she said in a note yesterday.
According to Ng, IOIPG’s entry would likely result in the removal of Sime Darby, currently the smallest FBM KLCI constituent by market capitalisation.
“Based on our preliminary estimates, IOIPG would carry an index weight of about 1.05% compared with Sime Darby’s current weight of 1.37%,” she further added.
Nonetheless, she noted this is provided that IOIPG maintains its top 25 ranking by the May 25, 2026 cut-off date for the June index review.
FTSE Russell and Bursa Malaysia conduct FBM KLCI constituent reviews on a semi-annual basis, with the upcoming review to be based on data as at May 25, about 15 trading days from yesterday.
The preliminary results will be announced on June 3, 2026, via a technical notice, followed by the final review publication on June 4, 2026. All constituent changes to the benchmark index will take effect on June 22, 2026.
Touching on Hong Leong Financial Group Bhd, which currently ranks 27th by market cap, Ng said the company is unlikely to be eligible for the FBM KLCI re-entry even if it moves into the top 25, as it does not meet FTSE Russell’s liquidity requirements. — Bernama
