Yuanta Expects Buy the Fact on BANPU’s Fundamental despite FTSE Small Cap Removal

The FTSE index rebalancing for the upcoming review will take effect at the closing on March 20, 2026. According to the report, no new stocks will be added to the FTSE Small Cap Index this round, while BANPU and MAJOR will be removed from the index. Meanwhile, SCC will be removed from Large Cap and enter Mid Cap instead.

In contrast, the FTSE Micro Cap Index will see several changes. New additions include BYD, BBIK, MAJOR, TFM, and TPIPL. On the other hand, stocks set for removal from the Micro Cap Index are BBGI, FTREIT, INET, MALEE, MASTER, MFEC, NKT, PIN, PRINC, S, and TKC.

Yuanta Securities expects to see “buy the fact” activity for stocks being removed from the index, particularly BANPU. Despite its exit from the FTSE Small Cap, BANPU’s fundamentals are anticipated to strengthen this year. Meanwhile, BBIK, newly added to the Micro Cap Index and showing strong earnings growth potential, could attract short-term institutional fund inflows to support its share price.