Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>Shareholders have approved <a href="https://www.smartkarma.com/entities/national-storage-reit" target="_blank" data-smartkarma-citation="entities:13762:1" rel="noopener">National Storage REIT (NSR AU)</a>'s acquisition by <a href="https://www.smartkarma.com/entities/brookfield-asset-management-lt" target="_blank" data-smartkarma-citation="entities:23741:1" rel="noopener">Brookfield Asset Management Lt (BAM US)</a>/GIC, and NSR will stop trading after the close on 21 April.</li>
<li>
<a href="https://www.smartkarma.com/entities/national-storage-reit" target="_blank" data-smartkarma-citation="entities:13762:1" rel="noopener">National Storage REIT</a> will be replaced by <a href="https://www.smartkarma.com/entities/alkane-resources-ltd" target="_blank" data-smartkarma-citation="entities:19111:1" rel="noopener">Alkane Resources (ALK AU)</a> in the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX200 INDEX)</a>. <a href="https://www.smartkarma.com/entities/alkane-resources-ltd" target="_blank" data-smartkarma-citation="entities:19111:1" rel="noopener">Alkane Resources (ALK AU)</a> pips <a href="https://www.smartkarma.com/entities/kingsgate-consolidated-ltd" target="_blank" data-smartkarma-citation="entities:12544:1" rel="noopener">Kingsgate Consolidated (KCN AU)</a> for the index spot. </li>
<li>Positioning has increased (probably not enough), and <a href="https://www.smartkarma.com/entities/alkane-resources-ltd" target="_blank" data-smartkarma-citation="entities:19111:1" rel="noopener">Alkane Resources (ALK AU)</a> has outperformed peers in the short-term. There could be some more upside before the stock underperforms peers.</li>
</ul>


Shareholders have approved National Storage REIT (NSR AU)'s acquisition by Brookfield Asset Management Lt (BAM US)/GIC, and NSR will stop trading after the close on 21 April.

National Storage REIT will be replaced by Alkane Resources (ALK AU) in the S&amp;P/ASX200 INDEX). Alkane Resources (ALK AU) pips Kingsgate Consolidated (KCN AU) for the index spot. 
Positioning has increased (probably not enough), and Alkane Resources (ALK AU) has outperformed peers in the short-term. There could be some more upside before the stock underperforms peers.


ASX200 Index Adhoc Rebalance: Alkane Resources (ALK) Replaces National Storage REIT (NSR)

Breaking Down the Mining News of the Day, Money of Mine

Money of Mine

Breaking Down the Mining News of the Day

An ex-underground miner, an ex-investment banker, and an ex-equity research guy breaking down the mining news of the day. It's a bit of entertainment, information, and occasionally some alpha.

Thematic (Sector/Industry)

<ul>
<li>Ducksheet announces a big event with OG of aluminum at the end of the week</li>
<li>West Gold quarterly update shows lower cash balance than expected, with reasons for decrease discussed</li>
<li>Investments and transactions post-merger with Corora impact cash balance and future growth plans discussed</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Ducksheet announces a big event with OG of aluminum at the end of the week
West Gold quarterly update shows lower cash balance than expected, with reasons for decrease discussed
Investments and transactions post-merger with Corora impact cash balance and future growth plans discussed

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/magnetic-resources-nl" target="_blank" data-smartkarma-citation="entities:17051:1" rel="noopener">Magnetic Resources Nl (MAU AU)</a> IE considers <a href="https://www.smartkarma.com/entities/genesis-minerals-ltd" target="_blank" data-smartkarma-citation="entities:4650:1" rel="noopener">Genesis Minerals (GMD AU)</a>’s offer (A$1.40 cash per share + 0.0873 GMD shares per MAU share) fair and reasonable.</li>
<li>The key scheme conditions are shareholder approval. Due to the significant irrevocables, the scheme vote is low risk.</li>
<li>This is a done deal. At the last close, the shares are trading in line with the implied value of the default consideration.</li>
</ul>


The Magnetic Resources Nl (MAU AU) IE considers Genesis Minerals (GMD AU)’s offer (A$1.40 cash per share + 0.0873 GMD shares per MAU share) fair and reasonable.
The key scheme conditions are shareholder approval. Due to the significant irrevocables, the scheme vote is low risk.
This is a done deal. At the last close, the shares are trading in line with the implied value of the default consideration.


Magnetic Resources (MAU AU): Scheme Vote on 3 June

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>In this insight, we have presented our expectations for potential index changes for ASX 200, 100, 50, and 20 in the run-up to the June 2026 index rebal event.</li>
<li>There have been some important movements in Leaderboard ranks. Currently, we expect one change for ASX 50, one change for ASX 100, and three changes for ASX 200.</li>
<li>However, one of the ASX 200 expected ADDs <a href="https://www.smartkarma.com/entities/firefly-metals-ltd" target="_blank" data-smartkarma-citation="entities:12974:1" rel="noopener">FireFly Metals (FFM AU)</a> is currently involved in a spin-off that could harm its chances of ASX 200 inclusion.</li>
</ul>


In this insight, we have presented our expectations for potential index changes for ASX 200, 100, 50, and 20 in the run-up to the June 2026 index rebal event.
There have been some important movements in Leaderboard ranks. Currently, we expect one change for ASX 50, one change for ASX 100, and three changes for ASX 200.
However, one of the ASX 200 expected ADDs FireFly Metals (FFM AU) is currently involved in a spin-off that could harm its chances of ASX 200 inclusion.


Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a> will see <a href="https://www.smartkarma.com/entities/national-storage-reit" target="_blank" data-smartkarma-citation="entities:13762:1" rel="noopener">National Storage REIT (NSR AU)</a> deleted and <a href="https://www.smartkarma.com/entities/alkane-resources-ltd" target="_blank" data-smartkarma-citation="entities:19111:1" rel="noopener">Alkane Resources (ALK AU)</a> added on 21 April. Passive trackers moves ongoing, as reported by <a href="https://www.smartkarma.com/profiles/brian-freitas" target="_blank" data-smartkarma-citation="accounts:4091" rel="noopener">Brian Freitas</a> </li>
<li>Our model flagged the ASX200 as 'overbought': up 3 weeks, and overextended, well into the "outliers" price targets zone. We think the index has topped.
</li>
<li>Downside targets are discussed in the insight, our model sees a bullish buy-the-dip pattern, a brief 1-2 weeks correction followed by higher prices.</li>
</ul>



S&amp;P/ASX 200 (AS51 INDEX) will see National Storage REIT (NSR AU) deleted and Alkane Resources (ALK AU) added on 21 April. Passive trackers moves ongoing, as reported by Brian Freitas 
Our model flagged the ASX200 as 'overbought': up 3 weeks, and overextended, well into the "outliers" price targets zone. We think the index has topped.

Downside targets are discussed in the insight, our model sees a bullish buy-the-dip pattern, a brief 1-2 weeks correction followed by higher prices.


ASX200 Tactical Outlook Ahead of April 21 Adhoc Index Rebalance

Australia

Alkane Resources Ltd. explores for and produces metals and minerals.  The Company produces gold in the Wyoming I, II and III projects, and the Caloma, Peak Hill and Wellington properties in New South Wales; and zirconium, hafnium, niobium, tantalum, yttrium and rare earths at the Dubbo project in New South Wales.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Alkane Resources (ALK AU)

ASX200 Index Adhoc Rebalance: Alkane Resources (ALK) Replaces National Storage REIT (NSR)

Alkane Resources will be added to the ASX200 at the close on 21 April. Positioning has increased (but not enough) and the stock has outperformed...

Brian Freitas

Which of these 3 Miners Took Gold?

Ducksheet announces a big event with OG of aluminum at the end of the week West Gold quarterly update shows lower cash balance than expected, with...

Money of Mine

Magnetic Resources (MAU AU): Scheme Vote on 3 June

This is a done deal. At the last close, the shares are trading in line with the implied value of the default consideration.

Arun George

Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

All expected index changes have multiple days of volume to trade. There is still roughly one month left in the reference period and some ASX 200...

Janaghan Jeyakumar, CFA

ASX200 Tactical Outlook Ahead of April 21 Adhoc Index Rebalance

The ASX 200 index is OVERBOUGHT according to our model (and likely topped). Upcoming April 21 rebalance passive trackers moves are ongoing....

Nico Rosti

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

ASX200 Index Adhoc Rebalance: Alkane Resources (ALK) Replaces National Storage REIT (NSR)

Alkane Resources will be added to the ASX200 at the close on 21 April. Positioning has increased (but not enough) and the stock has outperformed...

Brian Freitas

Which of these 3 Miners Took Gold?

Ducksheet announces a big event with OG of aluminum at the end of the week West Gold quarterly update shows lower cash balance than expected, with...

Money of Mine

Magnetic Resources (MAU AU): Scheme Vote on 3 June

This is a done deal. At the last close, the shares are trading in line with the implied value of the default consideration.

Arun George

Quiddity Leaderboard ASX Jun26: FireFly Metals A Question Mark; Qube Replacements; Rank Changes

All expected index changes have multiple days of volume to trade. There is still roughly one month left in the reference period and some ASX 200...

Janaghan Jeyakumar, CFA

ASX200 Tactical Outlook Ahead of April 21 Adhoc Index Rebalance

​The ASX 200 index is OVERBOUGHT according to our model (and likely topped). Upcoming April 21 rebalance passive trackers moves are ongoing....

Nico Rosti

The ASX 200 index is OVERBOUGHT according to our model (and likely topped). Upcoming April 21 rebalance passive trackers moves are ongoing....