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ComfortDelgro could be taken out of STI

■ Based on its closing price and market cap on 22 Nov, CD (ranked 42nd) could be replaced by Olam (ranked 23rd) in the Straits Times Index (STI) by FTSE Russell.
■ This would represent a return of Olam since it was dropped in Sep 2015. CD dropped out of MSCI Singapore in May 2020.
■ We recently removed CD as our country top pick due to the shelving of its Australian IPO. We believe this and the dropout from STI could cap share price in the near term.

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