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

Event-Driven

Taiwan Stock Exchange Weighted Index / Event-Driven

<ul>
<li>The <a href="https://www.smartkarma.com/entities/taiwan-stock-exchange-weighted-index" target="_blank" data-smartkarma-citation="entities:26056:1" rel="noopener">Taiwan Stock Exchange Weighted Index (TWSE INDEX)</a> has surged this year as the Artificial Intelligence <s>hype</s> boom has taken over.</li>
<li>Short notional has risen too, more due to higher stock prices than due to increased shorting. However, there are stocks that have seen big changes in short interest YTD.</li>
<li>The largest YTD increase in shorts have been in <a href="https://www.smartkarma.com/entities/novatek-microelectronics-corp" target="_blank" data-smartkarma-citation="entities:10904:1" rel="noopener">Novatek Microelectronics</a>, <a href="https://www.smartkarma.com/entities/hon-hai-precision-industry-co-ltd" target="_blank" data-smartkarma-citation="entities:745:1" rel="noopener">Hon Hai Precision Industry</a>, <a href="https://www.smartkarma.com/entities/lite-on-technology-corp" target="_blank" data-smartkarma-citation="entities:14591:1" rel="noopener">Lite On Technology</a>, <a href="https://www.smartkarma.com/entities/acer-inc" target="_blank" data-smartkarma-citation="entities:15726:1" rel="noopener">Acer</a>, <a href="https://www.smartkarma.com/entities/wistron-corp" target="_blank" data-smartkarma-citation="entities:2189:1" rel="noopener">Wistron Corp</a>, <a href="https://www.smartkarma.com/entities/china-steel-corp" target="_blank" data-smartkarma-citation="entities:962:1" rel="noopener">China Steel</a>, <a href="https://www.smartkarma.com/entities/zhen-ding-technology-holding-ltd" target="_blank" data-smartkarma-citation="entities:16830:1" rel="noopener">Zhen Ding Technology Holding</a> and <a href="https://www.smartkarma.com/entities/chailease-holding-co-ltd" target="_blank" data-smartkarma-citation="entities:6579:1" rel="noopener">Chailease Holding</a>.</li>
</ul>


The Taiwan Stock Exchange Weighted Index (TWSE INDEX) has surged this year as the Artificial Intelligence hype boom has taken over.
Short notional has risen too, more due to higher stock prices than due to increased shorting. However, there are stocks that have seen big changes in short interest YTD.
The largest YTD increase in shorts have been in Novatek Microelectronics, Hon Hai Precision Industry, Lite On Technology, Acer, Wistron Corp, China Steel, Zhen Ding Technology Holding and Chailease Holding.


Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 5th which has an aggregated holding worth USD1,012.0bn.</li>
<li>We estimate that foreign flows to be inflows of USD531mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight foreign changes in TSMC, Zhen Ding Tech, Realtek Semi, Cathay Financial, Compeq Mfg, Far Eastone Tele, Taiwan Mobile, Lite-On Tech, Asia Vital, Novatek.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 5th which has an aggregated holding worth USD1,012.0bn.
We estimate that foreign flows to be inflows of USD531mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight foreign changes in TSMC, Zhen Ding Tech, Realtek Semi, Cathay Financial, Compeq Mfg, Far Eastone Tele, Taiwan Mobile, Lite-On Tech, Asia Vital, Novatek.


TWSE Foreign Holding Weekly (Jul 5th): TSMC, Zhen Ding Tech, Realtek Semi, Cathay Financial

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jul 5th which has an aggregated short interest worth USD22.2bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Taiwan Mobile, Lite-On Tech, Far Eastone Tele, L&amp;K Engineering, Evergreen Marine, ASE, Hon Hai, Asia Vital.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jul 5th which has an aggregated short interest worth USD22.2bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Taiwan Mobile, Lite-On Tech, Far Eastone Tele, L&amp;K Engineering, Evergreen Marine, ASE, Hon Hai, Asia Vital.


TWSE Short Interest Weekly (Jul 5th): Taiwan Mobile, Lite-On Tech, Far Eastone Tele, L&K Engineering

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 21st which has an aggregated holding worth USD4,865.2bn.</li>
<li>We estimate that foreign flows to be inflows of USD7,730mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight foreign changes in Quanta Computer, Asmedia Tech, Delta Elec, Nanya Tech, Wiwynn, Evergreen Marine, Asia Vital, Alchip Tech, TSMC, Chailease.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 21st which has an aggregated holding worth USD4,865.2bn.
We estimate that foreign flows to be inflows of USD7,730mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight foreign changes in Quanta Computer, Asmedia Tech, Delta Elec, Nanya Tech, Wiwynn, Evergreen Marine, Asia Vital, Alchip Tech, TSMC, Chailease.


TWSE Foreign Holding Weekly (Jun 21st): Quanta Computer, Asmedia Tech, Delta Elec, Nanya Tech

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jun 21st which has an aggregated short interest worth USD104.4bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Hon Hai, Wiwynn, Shihlin Elec&amp;Eng, Tatung, Asia Vital, Ctbc Financial, TSMC, Inventec, Shin Zu Shing.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jun 21st which has an aggregated short interest worth USD104.4bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Hon Hai, Wiwynn, Shihlin Elec&amp;Eng, Tatung, Asia Vital, Ctbc Financial, TSMC, Inventec, Shin Zu Shing.


TWSE Short Interest Weekly (Jun 21st): Hon Hai, Wiwynn, Shihlin Elec&Eng, Tatung, Asia Vital

Taiwan

Asia Vital Components Co., Ltd.is a manufacturer of fan coolers for CPUs, laptops, and personal computers. The company also provides thermal products and peripherals, including heat sink, and thermal modules. Asia Vital Components sells its products worldwide.

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Asia Vital Components (3017 TT)

Taiwan: YTD Short Interest Moves

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Brian Freitas

TWSE Foreign Holding Weekly (Jul 5th): TSMC, Zhen Ding Tech, Realtek Semi, Cathay Financial

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Zhen Ding Tech, Realtek Semi, Cathay...

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TWSE Short Interest Weekly (Jul 5th): Taiwan Mobile, Lite-On Tech, Far Eastone Tele, L&K Engineering

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Taiwan Mobile, Lite-On Tech, Far Eastone Tele,...

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TWSE Foreign Holding Weekly (Jun 21st): Quanta Computer, Asmedia Tech, Delta Elec, Nanya Tech

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Quanta Computer, Asmedia Tech, Delta Elec, Nanya...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jun 21st): Hon Hai, Wiwynn, Shihlin Elec&Eng, Tatung, Asia Vital

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Hon Hai, Wiwynn, Shihlin Elec&Eng, Tatung, Asia...

Ke Yan, CFA, FRM

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