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Emperador’s inclusion in the STI makes the benchmark index even more international

Raphael Lim

Raphael Lim

Published Mon, Sep 5, 2022 · 07:41 PM
    • While there may be merit in indices evolving to track a wider portion of the local equity market, it is also clear that companies need to battle to grow and deliver returns amid stiff competition for investor attention and dollars.
    • While there may be merit in indices evolving to track a wider portion of the local equity market, it is also clear that companies need to battle to grow and deliver returns amid stiff competition for investor attention and dollars. PHOTO: PIXABAY

    THE displacement of ComfortDelGro from the Straits Times Index (STI) by Philippines-based liquor giant Emperador marks another step towards internationalisation for the market barometer.

    The change was somewhat expected, having been flagged as early as April this year by analyst Brian Freitas of Periscope Analytics, who publishes on Smartkarma.

    Emperador’s inclusion also fits within a broader trend of large international companies displacing local names on the blue chip index in recent years.

    ComfortDelGroStraits Times IndexHock Lock SiewMSCI

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