A BIG question mark looms over how the inclusion of Nasdaq-listed Sea Ltd on a market index would finally weigh on the shares of Singapore banks - key components of this critical benchmark.
On March 10, MSCI said eligible foreign-listed shares would be included into its MSCI Singapore index over four phases starting May. These could include Sea, Maxeon Solar Tech, and Hong Kong-listed Razer.
There is uncertainty over Sea's eventual weightage in the revamped index, and its impact. On a market cap basis, Sea's inclusion should cause the most disruption, given that its free-float adjusted market cap of S$71.8 billion as at March 25 is 40 per cent larger than DBS, currently the largest component...