Construction companies IJM Corp or Gamuda Bhd could replace power and gaming firm Tanjong Plc in Kuala Lumpur’s benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) index at its next review, OSK Research Sdn Bhd said in a report today.
Billionaire Tan Sri T. Ananda Krishnan has offered to privatize Tanjong, so the stock could be dropped from the index at its next review, OSK said.
Berjaya Sports Toto Bhd, another gaming company, is currently the 37th biggest listed Malaysian firm by market capitalization and therefore also risks being dropped from the 30-member index, OSK said.
IJM and Gamuda are on the index’s reserve list so are potential replacements, it said. - Bloomberg
Read more: IJM or Gamuda may join FBMKLCI: OSK http://www.btimes.com.my/Current_News/BTIMES/articles/20100817091244/Article/index_html#ixzz0wvTnp3wP
