FTSE Rebalance Takes Effect September 18, Stocks In and Out, Plus Broker Merger as BYD Targets Top 3 by 2027

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Summary · why it matters

The FTSE rebalance will take effect using closing prices on September 18. In the FTSE All World index, the Large and Mid cap group has no additions and four deletions: BTS, LH, SCCC and TU. The FTSE Small Cap index has six additions: BTS, FTREIT, LH, SCCC, THAI and TU, and three deletions: BLAND, SPCG and TPIPP. The Micro Cap index has ten additions: BLAND, EASTW, INSET, KLINIQ, SUC, SPCG, SRICHA, SCAP, SMT and TPIPP, and eighteen deletions: BYD, HENG, ILM, ILINK, MONO, NCAP, NOBLE, PCE, RPH, SMPC, SAV, VIH, SFLEX, SYNTEC, TEAMG, TIPCO, III and VIBHA. On the securities business merger, Beyond Securities Public Company Limited, or BYD, will be renamed BYDH Securities Public Company Limited. Kingsford Securities will then be renamed Beyond Securities Public Company Limited, or Beyond. BYDH Securities will send letters to customers seeking consent to transfer their accounts and investment portfolios to the new Beyond Securities. On October 26, employees of BYDH, formerly BYD, along with the investment portfolios and all customer accounts, will be transferred to the new Beyond Securities. This merger will lift the company's SET market share into the Top 5, and it is expected to reach the Top 3 by 2027. With the potential of roughly 50,000 former Kingsfords customer accounts, this will help drive assets under management and under advice at Beyond Securities to 100 billion baht by 2027.

Impact on stocks 34

Financials · 4 stocks
Beyond Securities PCL
BYD
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Beyond Securities (BYD) merges with Kingsford Securities, taking over ~50,000 customer accounts and lifting its SET market share toward Top 3 by 2027.

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