Tuesday, 18 November 2014

IOI Corp, SapuraKencana among 7 that could fall off Syariah list, says Maybank IB


The Edge 18 Nov 2014

From the present list of 666 Shariah compliant stocks, we focused only on those with a market cap of more than RM300 million (247 stocks) which we felt was a reasonable cut-off point, and filtered the list further based on the cash/asset and debt/asset financial ratios of the individual PLCs.

Maybank IB said it remained wary of potential knee-jerk price weaknesses should these stocks be excluded, given that the Syariah funds would have to liquidate their positions if they are sitting on gains from these investments.

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