Index Rebal Trades & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal Trades & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

In the month of January 2021, one of the most anticipated TOPIX Inclusion candidates, <a href="https://www.smartkarma.com/entities/toshiba-corp" target="_blank" data-smartkarma-citation="entities:637:1" rel="noopener">Toshiba Corp (6502 JP)</a> announced its move to TSE1 triggering what could potentially be one of the largest TOPIX Inclusion events in recent memory. The stock could see its TOPIX Inclusion take place at the end of February, along with <a href="https://www.smartkarma.com/entities/sansan-inc" target="_blank" data-smartkarma-citation="entities:28112:1" rel="noopener">Sansan Inc (4443 JP)</a> - another larger-than-usual candidate - and two other super-high-impact names <a href="https://www.smartkarma.com/entities/bull-dog-sauce-co-ltd" target="_blank" data-smartkarma-citation="entities:16235:1" rel="noopener">Bull Dog Sauce (2804 JP)</a> and <a href="https://www.smartkarma.com/entities/alps-logistics-co-ltd" target="_blank" data-smartkarma-citation="entities:3935:1" rel="noopener">Alps Logistics (9055 JP)</a>. There is plenty to look forward to. In this insight, I have provided performance updates for 6 "Live" event stocks (including the names mentioned above) which are expected to have Inclusion Events at the end of February 2021 and 14 "Post" event stocks that completed their Inclusion Events at the end of December 2020 and January 2021 (on 28 January 2021).Furthermore, I have also highlighted some interesting Pre-event situations involving stocks that are likely to become TSE1-promotion candidates in the near future.

In the month of January 2021, one of the most anticipated TOPIX Inclusion candidates, Toshiba Corp (6502 JP) announced its move to TSE1 triggering what could potentially be one of the largest TOPIX Inclusion events in recent memory. The stock could see its TOPIX Inclusion take place at the end of February, along with Sansan Inc (4443 JP) - another larger-than-usual candidate - and two other super-high-impact names Bull Dog Sauce (2804 JP) and Alps Logistics (9055 JP). There is plenty to look forward to. In this insight, I have provided performance updates for 6 "Live" event stocks (including the names mentioned above) which are expected to have Inclusion Events at the end of February 2021 and 14 "Post" event stocks that completed their Inclusion Events at the end of December 2020 and January 2021 (on 28 January 2021).Furthermore, I have also highlighted some interesting Pre-event situations involving stocks that are likely to become TSE1-promotion candidates in the near future. 

On 30th November 2020, TSE Mothers-listed <a href="https://www.smartkarma.com/entities/adways-inc" target="_blank" data-smartkarma-citation="entities:14696:1" rel="noopener">Adways Inc (2489 JP)</a> announced (<a href="https://ir.adways.net/irnews/20201130_176CES.pdf" target="_blank" rel="noopener">J-only</a>) they had received approval to move to the First Section of the Tokyo Stock Exchange as of 7th December 2020. TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 28th January 2021. <a href="https://www.smartkarma.com/entities/adways-inc" target="_blank" data-smartkarma-citation="entities:14696:1" rel="noopener">Adways Inc (2489 JP)</a> is an internet marketing services firm that provides web affiliate services and content development services in Japan, China, Taiwan, and Korea. They provide their services under brands such as Unicorn, which is an automated marketing platform for mobile apps, and Appdriver which is a CPI based mobile ad platform. The majority of the company's revenue comes from Japan. However, they also provide Keyword ad service for Chinese web search engines such as Baidu, 360 and QQ under their Keynet brand and affiliate ad service for PC and smart phones in China under CHANet brand. In this insight, we take a look at the Index Inclusion Parameters and the Fundamentals of the company to evaluate the upside potential of the TOPIX Inclusion Event.

On 30th November 2020, TSE Mothers-listed Adways Inc (2489 JP) announced (J-only) they had received approval to move to the First Section of the Tokyo Stock Exchange as of 7th December 2020. TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 28th January 2021. Adways Inc (2489 JP) is an internet marketing services firm that provides web affiliate services and content development services in Japan, China, Taiwan, and Korea. They provide their services under brands such as Unicorn, which is an automated marketing platform for mobile apps, and Appdriver which is a CPI based mobile ad platform. The majority of the company's revenue comes from Japan. However, they also provide Keyword ad service for Chinese web search engines such as Baidu, 360 and QQ under their Keynet brand and affiliate ad service for PC and smart phones in China under CHANet brand. In this insight, we take a look at the Index Inclusion Parameters and the Fundamentals of the company to evaluate the upside potential of the TOPIX Inclusion Event. 

Japan

Adways Inc. offers Internet marketing solutions through affiliate program services.  The Company provides services through PCs and mobile phones.

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Adways Inc (2489 JP)

TOPIX Inclusion Trade Summary: Jan 2021

TOPIX Inclusion Monthly Summary for December inclusions and how they did in January (badly), how January inclusions did vs TOPIX (on average well)...

Janaghan Jeyakumar, CFA

TOPIX Inclusion (2489 JP): Adways Inc

Adways is going into TOPIX. It has been on the list of "possibles" but made the plunge. Lack of equity offering and inexpensive peer-relative...

Janaghan Jeyakumar, CFA

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