Effective today! NEWBORNTOWN (09911) included in two indices of the FTSE Global Stock Index Series

date
23/09/2024
avatar
GMT Eight
Recently, FTSE Russell released the latest FTSE Global Equity Index Series (GEIS) semi-annual review report, announcing the adjustment of the components of the China region index (GEIS China). The globally leading social entertainment company NEWBORNTOWN (09911) has been included in two of the indices, which officially took effect today. Public information shows that FTSE Russell is the world's second largest index company, with its index products covering markets in more than 70 countries and regions, with around $20 trillion in assets invested based on its index products. The FTSE Global Equity Index Series includes over 19,000 stocks from 49 developed and emerging markets globally, making it one of the most authoritative global stock index frameworks. It is understood that companies included in the FTSE GEIS index must demonstrate excellence in areas such as listing compliance, profitability, corporate governance, high liquidity, and high growth potential. The FTSE index is an important reference for global investors, and index adjustments often attract a large amount of passive foreign capital. Companies previously included in the FTSE index have continued to attract increased foreign investment, so being included in the index is seen as a positive for many industry insiders. In this adjustment, NEWBORNTOWN has been included in the FTSE All-Cap (LMS) and FTSE Global Small Cap indices, which will further enhance the company's visibility and influence in the international capital markets. The company will also receive fund allocations from tracking the index globally. Historically, changes in market capitalization have been one of the core factors in index adjustments, and the inclusion of individual stocks is closely related to their price performance. Looking at this adjustment, the included stocks have generally seen good increases in value this year, with NEWBORNTOWN already achieving a 42.78% increase since the beginning of the year. In the first half of 2024, NEWBORNTOWN's total revenue reached 2.272 billion yuan, an increase of approximately 65% year-on-year; net profit reached 388 million yuan, a 28% increase year-on-year; adjusted EBITDA reached 448 million yuan, a 29% increase year-on-year. In recent years, the company has continuously achieved results in the Middle East and North Africa region, with the core social products' revenue in that region increasing by approximately 44% year-on-year in the first half of the year. Over the past two years, the significant potential of the Middle East and North Africa markets has attracted more and more attention from global investors. NEWBORNTOWN, which has been deeply cultivating this market for many years, has become one of the few scarce targets with strong localization capabilities. With the company's strong business growth and increasing international capital attention, NEWBORNTOWN's long-term investment value is expected to become even more evident.

Contact: contact@gmteight.com