Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Feb 27th. The aggregated holding was USD1,813.2bn.</li>
<li>We estimate that foreign flows to be inflows of USD3,477mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Feb 27th. The aggregated holding was USD1,813.2bn.
We estimate that foreign flows to be inflows of USD3,477mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux.


TWSE Foreign Holding Weekly (Feb 27th): TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Feb 13th. The aggregated holding was USD1,714.9bn.</li>
<li>We estimate that foreign flows to be inflows of USD2,958mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, Hon Hai Precision, Macronix Intl, MediaTek, Lite-On Technology.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Feb 13th. The aggregated holding was USD1,714.9bn.
We estimate that foreign flows to be inflows of USD2,958mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, Hon Hai Precision, Macronix Intl, MediaTek, Lite-On Technology.


TWSE Foreign Holding Weekly (Feb 13th): TSMC, Hon Hai Precision, Macronix Intl, MediaTek

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Feb 6th. The aggregated holding was USD1,584.4bn.</li>
<li>We estimate that foreign flows to be outflows of USD3,162mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, Unimicron Technology, Asia Vital Components, MediaTek, Nanya Technology.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Feb 6th. The aggregated holding was USD1,584.4bn.
We estimate that foreign flows to be outflows of USD3,162mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, Unimicron Technology, Asia Vital Components, MediaTek, Nanya Technology.


TWSE Foreign Holding Weekly (Feb 6th): TSMC, Unimicron Technology, Asia Vital Components, MediaTek

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

Hua Nan Financial Holdings Co Ltd. / Index Rebalance

Hua Nan Financial Holdings Co Ltd. (2880 TT)

<ul>
<li>The index changes for the T50/100 index family and the TDIV index were confirmed after market close on Friday 5th September 2025.</li>
<li>There will be two ADD/DEL for T50, five separate ADDs/DELs for T100, and no changes for TDIV.</li>
<li>All of these are exactly in line with our final expectations.</li>
</ul>


The index changes for the T50/100 index family and the TDIV index were confirmed after market close on Friday 5th September 2025.
There will be two ADD/DEL for T50, five separate ADDs/DELs for T100, and no changes for TDIV.
All of these are exactly in line with our final expectations.


Quiddity T50/100/DIV Sep25 Results: 100% Hit Rate; M&A DEL King's Town to Trigger Intra-Review Flows

<ul>
<li>The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange (TWSE). The T100 index represents the <em>next</em> 100 largest names (51-150 ranks).</li>
<li>Today is the base date for the September 2025 index rebal event and the expected ADDs/DELs discussed in this insight are our final index change expectations.</li>
<li>We expect two changes for T50 and five changes for the T100 index for the September 2025 rebal.</li>
</ul>


The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange (TWSE). The T100 index represents the next 100 largest names (51-150 ranks).
Today is the base date for the September 2025 index rebal event and the expected ADDs/DELs discussed in this insight are our final index change expectations.
We expect two changes for T50 and five changes for the T100 index for the September 2025 rebal.


Quiddity Leaderboard T50/​​​100 Sep25: Final Expectations; Tung Ho Steel Safe from TDIV Deletion

Taiwan

Chenbro Micom Co., Ltd. produces computer, server, and workstation cases, rack mount chassis, as well as other accessories.

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

Chenbro Micom (8210 TT)

TWSE Foreign Holding Weekly (Feb 27th): TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Hon Hai Precision, Yageo, Macronix Intl,...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Feb 13th): TSMC, Hon Hai Precision, Macronix Intl, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Hon Hai Precision, Macronix Intl,...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Feb 6th): TSMC, Unimicron Technology, Asia Vital Components, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Unimicron Technology, Asia Vital...

Ke Yan, CFA, FRM

Quiddity T50/100/DIV Sep25 Results: 100% Hit Rate; M&A DEL King's Town to Trigger Intra-Review Flows

We expect US$866mn one-way flows for the TDIV index. There are few high-impact names with more than 3x ADV to trade. Some of the high-impact names...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/100 Sep25: Final Expectations; Tung Ho Steel Safe from TDIV Deletion

T100 and TDIV index member Tung Ho Steel Enterprise (2006 TT) is unlikely to be deleted from T100 or TDIV in September 2025.

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

TWSE Foreign Holding Weekly (Feb 27th): TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Hon Hai Precision, Yageo, Macronix Intl,...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Feb 13th): TSMC, Hon Hai Precision, Macronix Intl, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Hon Hai Precision, Macronix Intl,...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Feb 6th): TSMC, Unimicron Technology, Asia Vital Components, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Unimicron Technology, Asia Vital...

Ke Yan, CFA, FRM

Quiddity T50/100/DIV Sep25 Results: 100% Hit Rate; M&A DEL King's Town to Trigger Intra-Review Flows

We expect US$866mn one-way flows for the TDIV index. There are few high-impact names with more than 3x ADV to trade. Some of the high-impact names...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/​​​100 Sep25: Final Expectations; Tung Ho Steel Safe from TDIV Deletion

T100 and TDIV index member Tung Ho Steel Enterprise (2006 TT) is unlikely to be deleted from T100 or TDIV in September 2025.

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/100 Sep25: Final Expectations; Tung Ho Steel Safe from TDIV Deletion