AMOY Properties directors believe their company deserves to be a Hang Seng Index constituent stock in the expected shake-up of the indicator of blue chips.
They say their company would be the ideal candidate to replace Hongkong Land Holdings should it choose to follow the examples of Jardine Matheson Holdings and Jardine Strategic Holdings in de-listing from the stock exchange at the end of this year.
Along with Hongkong Land, Amoy Properties is one of the very few pure investment property plays on the exchange.
Property investment may be exceptionally big business in Hong Kong, but virtually all other listed companies involved in it either double up as property developers, having more diversified interests.
If the entire Jardines group decides to withdraw its secondary listings from the territory, HSI Services, which manages the index, will be left with the daunting task of selecting six companies as replacements on the index.
The six Jardines stocks - Jardine Matheson, Jardine Strategic, Mandarin Oriental International, Dairy Farm International Holdings, Hongkong Land and Jardine International Motor Holdings - account for about 9.77 per cent of the index.
Should they all leave, it would provide the exchange with much food for thought for developing its market indices.