01 Dec 2020
VGI Cheers as the Company Soars into MSCI Global Small Cap Index!
VGI receives yet another cause for celebration as the Company was added into the Morgan Stanley Capital International (MSCI) Index, the world-class benchmark for international investors and fund managers for stock investments.
On 11 November 2020, VGI PLC was included in the MSCI Global Small Cap Indices, effective 30 November this year. This inclusion is a reflection of the Company’s strong strategic direction in driving growth through its comprehensive ecosystem, encompassing advertising, payment and logistic platforms, which have boosted investor confidence.
Commenting on this important achievement, CEO of VGI, Nelson Leung, said this is a truly remarkable accomplishment given the unprecedented challenges the Company has gone through due to the COVID-19 crisis and the political turmoil in Thailand, which have led many advertisers and brands to cut back on their advertising spending, thereby causing some setbacks to its businesses. However, thanks to VGI’s successful strategic transformation from being a provider solely of advertising services to an Offline-to-Online (O2O) Solutions provider, cutting across advertising, payment and logistic platforms, the Company has managed to reduce its risk exposure by diversifying its portfolio, and thus, is no longer reliant on one business segment as in the past.
“We believe our inclusion in the MSCI Global Small Cap Index is a direct result of the shift in our strategic direction coupled with our strong performance over the past several years that have led investors to see the potential in our short- and long-term growth. This is a crucial milestone that will propel VGI to the world stage and pave the way for our stock to become better known among foreign investors,” Nelson stated.