Chandra Asri Joins MSCI Global Standard Indexes
Jakarta. Chemical and infrastructure solutions company Chandra Asri Group recently joined the Morgan Stanley Capital International (MSCI) Global Standard Indexes for Emerging Markets.
The company’s inclusion in the index is based on its quarterly publication issued in London on May 14. According to a press release, the inclusion of Chandra Asri Group will be implemented as of the market close of May 31.
Chandra Asri Group said that this milestone reflected the company’s consistent performance, robust market capitalization, and strong liquidity, aligning with MSCI's stringent inclusion criteria. Joining MSCI Global Standard Indexes also reflects the company’s solid financial performance, strategic growth initiatives, and commitment to sustainability.
MSCI recognized Chandra Asri Group's impressive market capitalization and free float-adjusted market capitalization, which meet the thresholds for the index. This achievement also cements Chandra Asri Group's position as a key player in the global chemical and infrastructure industry, according to the company’s press release.
"Chandra Asri Group is honored to be included in the MSCI Global Standard Indexes, a recognition that underscores our commitment as a Growth Partner to delivering sustainable growth and value to our shareholders. This inclusion also validates Chandra Asri Group's status as a leading entity in the chemical and infrastructure industry, recognized for its operational excellence and strong market presence,” Chandra Asri Group’s CFO Andre Khor was quoted as saying in the press statement.
“Chandra Asri Group's inclusion in the MSCI Global Standard Index is expected to enhance the company's visibility to a broader range of institutional investors globally and can lead to greater liquidity and potentially lower cost of capital. For current investors, this inclusion provides an affirmation of Chandra Asri Group's solid market positioning and governance practices.” Andre said.
The achievement is expected to drive Chandra Asri Group into making more innovations. It will also be a catalyst for the company’s ongoing expansion into the international market and the pursuit of its strategic goals, according to Andre.
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