FTSE ST China Top Index, Keppel Land, Guocoland, Hi-P and China Minzhong will replace Raffles Edu, Oceanus, China XLX Fertiliser and China Hongxing. The changes will be applied after the close of business on Friday, 18th Mar 2011 and will be effective on Mon, 21st Mar 2011....
We caution however that current share price of both Co’s (GLP/SMRT) could have already factored in the widely anticipated inclusion/exclusion of both companies in/out of the STI, and investors seeking further capital appreciation on this news should exercise caution, although we do not rule out the possibility that the 2 counters could continue to see fund flows in/out.
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