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 analysed the earning revision of component stocks of MS-Taiwan in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on China Steel, Formosa Plastics, Yuanta Financial, Nan Ya Plastics, Formosa Chemicals &amp; Fibre, TSMC, Wiwynn.</li>
</ul>


We analysed the earning revision of component stocks of MS-Taiwan in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on China Steel, Formosa Plastics, Yuanta Financial, Nan Ya Plastics, Formosa Chemicals &amp; Fibre, TSMC, Wiwynn.


MS-Taiwan Index Earning Revision (Apr): China Steel, Formosa Plastics, Yuanta Financial

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of May 1st. The aggregated holding was USD1,975.7bn.</li>
<li>We estimate that foreign flows to be outflows of USD5,937mln. 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, Macronix Intl, Wiwynn, Hon Hai Precision, King Yuan Electronics.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of May 1st. The aggregated holding was USD1,975.7bn.
We estimate that foreign flows to be outflows of USD5,937mln. 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, Macronix Intl, Wiwynn, Hon Hai Precision, King Yuan Electronics.


TWSE Foreign Holding Weekly (May 1st): TSMC, Macronix Intl, Wiwynn, Hon Hai Precision

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

MSCI Emerging Markets Index / Technical Analysis

<p><strong>BRIC markets are outperforming broad EM. </strong>The BRIC/EM ratio is rounding to two year highs. All four member countries are attractive for separate reasons.  This week's “EM Leaders” highlights several attractive themes including: tech stocks, especially semis, construction/farm machinery names and  a selection of consumer stocks across the BRICs markets.</p>

BRIC markets are outperforming broad EM. The BRIC/EM ratio is rounding to two year highs. All four member countries are attractive for separate reasons.  This week's “EM Leaders” highlights several attractive themes including: tech stocks, especially semis, construction/farm machinery names and  a selection of consumer stocks across the BRICs markets.

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Apr 24th. The aggregated holding was USD1,996.2bn.</li>
<li>We estimate that foreign flows to be inflows of USD3,351mln. 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, Alchip Technologies, Delta Electronics, MediaTek.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Apr 24th. The aggregated holding was USD1,996.2bn.
We estimate that foreign flows to be inflows of USD3,351mln. 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, Alchip Technologies, Delta Electronics, MediaTek.


TWSE Foreign Holding Weekly (Apr 24th): TSMC, Hon Hai Precision, Alchip Technologies

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Apr 17th. The aggregated holding was USD1,852.6bn.</li>
<li>We estimate that foreign flows to be inflows of USD4,200mln. 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, MediaTek, Yageo, Unimicron Technology, Chroma ATE.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Apr 17th. The aggregated holding was USD1,852.6bn.
We estimate that foreign flows to be inflows of USD4,200mln. 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, MediaTek, Yageo, Unimicron Technology, Chroma ATE.


TWSE Foreign Holding Weekly (Apr 17th): TSMC, MediaTek, Yageo, Unimicron Technology, Chroma ATE

Taiwan

Chroma Ate Inc. manufactures and markets electronic and automation measuring instruments.  The Company's main products are test and measurement instruments, auto test equipment, power electronics, uninterrupted power supply (UPS), telecommunication power systems, industrial computers, and special materials.

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Chroma Ate Inc (2360 TT)

MS-Taiwan Index Earning Revision (Apr): China Steel, Formosa Plastics, Yuanta Financial

We analyzed MS-Taiwan's consensus for Apr 2026 and highlighted changes of EPS in China Steel, Formosa Plastics, Yuanta Financial, Nan Ya Plastics,...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (May 1st): TSMC, Macronix Intl, Wiwynn, Hon Hai Precision

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

Ke Yan, CFA, FRM

BRIC Markets Lead EM Higher

BRIC markets are outperforming broad EM. The BRIC/EM ratio is rounding to two year highs. All four member countries are attractive for separate...

Vermilion Research

TWSE Foreign Holding Weekly (Apr 24th): TSMC, Hon Hai Precision, Alchip Technologies

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

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Apr 17th): TSMC, MediaTek, Yageo, Unimicron Technology, Chroma ATE

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

Ke Yan, CFA, FRM

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52-week Range

Market Cap (USDm)

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