MSCI Indonesia February-24 Rebalancing Preview

MSCI February 2024 index review announcement scheduled for 12 February 2024.
All changes will be effective on 1 March 2024.

Potential Inclusion: $BREN
Following our screening, it appears that only BREN has the potential to be included in the MSCI Indonesia Index adjustment in February 2024. BREN experienced a one-day suspension on 9th November 2023. However, it's important to note that MSCI's investability requirement excludes newly eligible securities only if these securities meet one of two criteria: 1) they are suspended on the Price Cutoff date, or 2) have been suspended for at least 50 days consecutively in the past 12 months.

Although $CUAN (currently suspended) and $TPIA (with a 1-year frequency smaller than 80% of the 3-month frequency) have a free-float market cap above the $1.09 billion borderline, we anticipate they will not be included in the MSCI index.

Potential deletion:$ANTM

Based on the 2nd January closing date, ANTM's free float (FF) market cap stands at $941mn, below the minimum FF requirement of $1.09bn. Consequently, our prediction indicates that ANTM is likely to be the only candidate for deletion during the February 2024 quarterly index review.

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