Treasure Chest: Index Change Predictions

This story features APA GROUP, and other companies. For more info SHARE ANALYSIS: APA

By Greg Peel

Standard & Poor's and the ASX will announce the results of the quarterly index review on the morning of December 7 and JP Morgan has provided its predictions for pending changes. Changes are not a simple promotion/relegation based on market cap and trading opportunities are provided by predicting changes ahead of the announcement. See Profit From Index Change Prediction.

No changes are expected for the ASX 20.

In the ASX 50, JP Morgan suggests there is a strong chance APA Group ((APA)) will replace Qantas ((QAN)) and a medium chance Cochlear ((COH)) could replace Leighton Holdings ((LEI)).

In the ASX 100, the analysts believe there is a strong chance Carsales.com ((CRZ)) will replace Seven West Media ((SWM)) and a low chance Adelaide Brighton Cement ((ABC)) might replace Arrium ((ARI)).

In the bellwether ASX 200, JPM suggests a high chance MacMillan Shakespeare ((MMS)) and Maverick Drilling & Exploration ((MAD)) will replace Linc Energy ((LNC)) and Intrepid Mines ((IAU)). 

Woolworths ((WOW)) is expected to spin-off its property trust, SCA Property Group (which will have the code SCP) in the next couple of weeks and JPM is expecting it will be immediately included in the ASX 200. It will replace Sundance Resources ((SDL)) assuming the completion of its takeover next month.

The next review for the ASX 300 is in March.

In the All Australia 50, the analysts see a low chance of APA replacing Qantas.

In the All Australia 200, JP Morgan believes there's a high chance MacMillan Shakespeare and Credit Corp ((CCP)) will replace Ramelius Resources ((RMS)) and Indophil Resources ((IRN)).
 

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