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

Housing and Urban Development Corporation / Event-Driven

Housing and Urban Development Corporation (HUDCO IN)

Housing and Urban Development Corporation

<ul>
<li>We see 7 stocks moving from MidCap to LargeCap and vice versa, 17 stocks from SmallCap to MidCap, 19 stocks from MidCap to SmallCap and 2 new additions to MidCap.</li>
<li>The expected migrations from SmallCap to MidCap have outperformed the other potential migrations with all stocks moving higher over the last six months.</li>
<li>Momentum on the upward migrations could sustain as active managers reposition their portfolios. Some stocks will have passive flows over the next few months.</li>
</ul>


We see 7 stocks moving from MidCap to LargeCap and vice versa, 17 stocks from SmallCap to MidCap, 19 stocks from MidCap to SmallCap and 2 new additions to MidCap.
The expected migrations from SmallCap to MidCap have outperformed the other potential migrations with all stocks moving higher over the last six months.
Momentum on the upward migrations could sustain as active managers reposition their portfolios. Some stocks will have passive flows over the next few months.


AMFI Stock Reclassification Preview (June 2024): Potential Changes as Momentum Recovers

Quantitative Analysis

In Friday's Union Budget presentation, the Finance Minister proposed increasing the Minimum Public Shareholding (MPS) in listed companies from 25% to 35% and has asked the Securities and Exchange Board of India (SEBI) to consider raising the threshold. If and when implemented, promoters will need to either sell down their stake to meet the 35% threshold or buy back their stock and delist from the exchanges.In this piece, we look at multinational companies that have subsidiaries listed in India that do not meet the 35% threshold currently, and possible action on their part based on the current stock price, delisting guidelines and other considerations.

In Friday's Union Budget presentation, the Finance Minister proposed increasing the Minimum Public Shareholding (MPS) in listed companies from 25% to 35% and has asked the Securities and Exchange Board of India (SEBI) to consider raising the threshold. If and when implemented, promoters will need to either sell down their stake to meet the 35% threshold or buy back their stock and delist from the exchanges.In this piece, we look at multinational companies that have subsidiaries listed in India that do not meet the 35% threshold currently, and possible action on their part based on the current stock price, delisting guidelines and other considerations.

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

Crystal Crop Protection / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/27364" target="_blank" data-smartkarma-citation="entities:27364:1">Crystal Crop Protection Ltd (0077937D IN)</a> plans to raise US$150m in its IPO. The company primarily sells agrichemicals in the Indian market.The company has delivered mixed earnings over the past few years. The DRHP fails to explain the decline in revenue in FY16 or the steady decline in insecticide sales, nor does it provide any details of the shift in sales towards institutions and away from the company's own brands. In this insight, we will look into some of these issues while briefly touching on valuations and providing a list of questions for management. Once the deal is live, we will follow-up with another insight.

Crystal Crop Protection Ltd (0077937D IN) plans to raise US$150m in its IPO. The company primarily sells agrichemicals in the Indian market.The company has delivered mixed earnings over the past few years. The DRHP fails to explain the decline in revenue in FY16 or the steady decline in insecticide sales, nor does it provide any details of the shift in sales towards institutions and away from the company's own brands. In this insight, we will look into some of these issues while briefly touching on valuations and providing a list of questions for management. Once the deal is live, we will follow-up with another insight.

Crystal Crop Protection Pre-IPO - DRHP Raises More Questions than in Answers

India

Bayer CropScience India Limited is a key player in the Indian agricultural sector, manufacturing, selling, and distributing insecticides, fungicides, herbicides, and various other agrochemical products and corn seeds. The company also focuses on seeds & traits and digital farming solutions, aiming to enhance agricultural productivity and sustainability. It was incorporated in 1958 and is headquartered in Thane, Maharashtra, India.

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Bayer Cropscience India (BYRCS IN)

AMFI Stock Reclassification Preview (June 2024): Potential Changes as Momentum Recovers

We see 7 stocks moving from MidCap to LargeCap and vice versa, 17 stocks from SmallCap to MidCap, 19 stocks from MidCap to SmallCap and 2 new adds...

Brian Freitas

India - Stake Sale or Delisting?

In Friday's Union Budget presentation, the Finance Minister proposed increasing the Minimum Public Shareholding (MPS) in listed companies from 25%...

Brian Freitas

Crystal Crop Protection Pre-IPO - DRHP Raises More Questions than in Answers

Crystal Crop Protection Ltd (0077937D IN) plans to raise US$150m in its IPO. The company primarily sells agrichemicals in the Indian market.The...

Sumeet Singh

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