KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd could be a new entrant to the top 30-stock index, FBM KLCI, if the stock price hits RM2.50 a share by November 25, 2025, according to RHB Investment Bank Bhd (RHB Research). It said the semi-annual review of the FBM KLCI component stocks will be announced on Dec 5 and it will be based on ranking by market capitalisation at the close of business on Nov 25, 2024. The changes is expected to take effect on Dec 23, 2024. RHB Research said 99 Speed Mart, in 27th place currently with a market capitalisation of about RM19 billion, is RM2 billion away from admission. The stock which listed on Sep 9, 2024, has seen its stock price grow more than 21 per cent to RM2.28 earlier since its listing. It had an initial public offering price of RM1.65 a share. Based on the latest market cap rankings of eligible stocks, the firm expects Gamuda Bhd, currently ranked 20th, to be added to the FBM KLCI component stock list.