10 Indonesian Firms Added to Morgan Stanley Capital International Index
Morgan Stanley Capital International (MSCI), a leading global provider of investment decision support tools, announced earlier this week that it will add 10 Indonesian companies (listed on the Indonesia Stock Exchange) to its MSCI Global Small Index (an investment portfolio). Meanwhile, it will also scrap five Indonesian listed companies from this index. The revisions come into effect per 1 June 2017.
The following ten Indonesian companies are to be added into the MSCI Global Small Index:
• Blue Bird
• Bumi Resources
• Delta Dunia Makmur
• Harum Energy
• Indofarma
• Medco Energi Internasional
• MNC Investama
• Pelat Timah Nusantara
• Tunas Baru Lampung
• Waskita Beton Precast
Meanwhile, the following five Indonesian companies are to be removed from the index:
• Agung Podomoro Land
• Arwana Citramulia
• Bisi International
• Lippo Cikarang
• Multipolar
It is good news for those companies that are selected to enter the MSCI Global Small Index because they should become more visible on global investors' radar. Considering four of the ten companies are energy (or coal) related, Morgan Stanley seems to have firm confidence in the development of Indonesia's energy sector.
