J.P. Morgan said Meituan Dianping (03690) ranks #15 among the entire group of eligible stocks for Hang Seng Index (HSI) addition, based on the average of month-end market values from 4Q 2018 to 3Q 2019.
According to HSI's rules, it is eligible for fast-track inclusion starting from this December 2019 review (to be announced on 8 November; to be effective on 6 December).
Moreover, Meituan Dianping is in the IT industry, which is currently less represented in the HSI. As the HSI values sector balance, this increases its inclusion chance, the research house said.
For the HSCEI, as Meituan does not pay a dividend, JPM does not think it is eligible.
On the other hand, JPM tipped that the HSI may remove AAC Technologies (02018) from the list, to maintain a total of 50 index members.
15/10/2019 17:12
{I-bank focus}Meituan Dianping (03690) tipped to join HSI
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