On Wednesday at 11:01 AM (Bangkok time), the share price of MR. D.I.Y. Holding (Thailand) Public Company Limited (SET: MRDIYT) rose by 6.98% or THB 0.60 to THB 9.20, with a trading value of THB 105.72 million.
DAOL Securities wrote that the recent revision of the MSCI Index did not result in any Thai stocks being added to or removed from the MSCI Standard Index. However, within the MSCI Global Small Cap Index, two Thai-listed firms have been newly included: MRDIYT and Thaifoods Group (TFG), while TOA Paint (Thailand) (TOA) has been removed.
DAOL also noted that aside from the regular adjustments of constituents, the recent MSCI review introduced a significant change in the calculation methodology of the free float calculation for each stock, particularly via the rounding of decimal points. This adjustment may impact the weighting of certain securities within the index.
Investors are recommended to closely monitor the potential impacts, especially on major stocks such as Delta Electronics (Thailand) (DELTA), which has drawn attention regarding possible changes in index weighting. Stocks that see an increase in index weighting often attract buying interest from passive funds that benchmark against the index, potentially supporting their share prices in the short term.
Additionally, TISCO Securities stated that MSCI’s quarterly index review results will take effect at the closing price on May 29, 2026. Beyond their addition to the MSCI Global Small Cap Index, both MRDIYT and TFG have the potential to be included in the SET50 Index in the second half of the year, which could serve as a positive catalyst for their share prices.
The brokerage has issued a ‘Buy’ rating for MRDIYT with a fundamental target price of THB 10.00, and a ‘Hold’ rating for TFG with a target price of THB 9.00. TFG is also expected to pay an interim dividend of THB 0.085 per share, with the ex-dividend (XD) date set for May 25.
Notably, the next revision of the MSCI Index is scheduled for August 12, 2026.
