Potential listing of Sea on MSCI Singapore will bring tech exposure and visibility to Republic
Allowing foreign listings in the index in line with other global indices that factor in new economy sector
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US-LISTED Sea will be eligible for inclusion in the MSCI Singapore Indices from the May semi-annual index review (SAIR). The inclusion of a large tech counter could be positive news for Singapore, as it brings the index in line with other global indices that already have exposure to the new economy sector, said analysts The Business Times spoke to.
"It's almost a sure thing that Sea will be included in the MSCI Singapore in May," said Brian Freitas, an analyst who publishes on Smartkarma, adding that the tech giant would likely be the largest index weight.
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