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

Shenton Research

Shenton 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 Sep 4th. The aggregated holding was USD2,270.6bn.</li>
<li>We estimate that foreign flows to be outflows of USD1,773mln. 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 Nanya Technology, Wiwynn, Winbond Electronics, Unimicron Technology, Quanta Computer.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Sep 4th. The aggregated holding was USD2,270.6bn.
We estimate that foreign flows to be outflows of USD1,773mln. 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 Nanya Technology, Wiwynn, Winbond Electronics, Unimicron Technology, Quanta Computer.


TWSE Foreign Holding Weekly (Sep 4th): Nanya Technology, Wiwynn, Winbond Electronics

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 28th. The aggregated holding was USD2,277.2bn.</li>
<li>We estimate that foreign flows to be inflows of USD3,814mln. 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, E.SUN Financial, Nanya Technology, Unimicron Technology, MediaTek.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 28th. The aggregated holding was USD2,277.2bn.
We estimate that foreign flows to be inflows of USD3,814mln. 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, E.SUN Financial, Nanya Technology, Unimicron Technology, MediaTek.


TWSE Foreign Holding Weekly (Aug 28th): TSMC, E.SUN Financial, Nanya Technology, MediaTek

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Aug 28th. The aggregated short interest was USD43.9bn.</li>
<li>We tabulate league tables 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 Shin Kong Financial, Jentech Precision Industrial, Winbond Electronics, Evergreen Marine, FOSITEK.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Aug 28th. The aggregated short interest was USD43.9bn.
We tabulate league tables 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 Shin Kong Financial, Jentech Precision Industrial, Winbond Electronics, Evergreen Marine, FOSITEK.


TWSE Short Interest Weekly (Aug 28th): Shin Kong Financial, Jentech Precision Industrial, FOSITEK

HK/China Equity Long-Short

Osbert Tang, CFA

Equity Bottom-Up

Orient Overseas (International) / Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/orient-overseas-international-limited" target="_blank" data-smartkarma-citation="entities:801:1" rel="noopener">Orient Overseas (International) (316 HK)</a>'s 23.7% decline in earnings in 1H26 is uninspiring, but market spot freight rates suggest an upturn in 2H26.</li>
<li>Its vessels on the vast majority of long-haul routes are fully loaded, and its load factor in 2Q26 has reversed four consecutive quarters of YoY decline - a positive sign.  </li>
<li>There is an earnings upgrade potential as 2H26 can easily pass the US$1bn mark. We are positive on OOIL but still prefer <a href="https://www.smartkarma.com/entities/sitc-international-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:15301:1" rel="noopener">SITC International (1308 HK)</a>. </li>
</ul>



Orient Overseas (International) (316 HK)'s 23.7% decline in earnings in 1H26 is uninspiring, but market spot freight rates suggest an upturn in 2H26.
Its vessels on the vast majority of long-haul routes are fully loaded, and its load factor in 2Q26 has reversed four consecutive quarters of YoY decline - a positive sign.  
There is an earnings upgrade potential as 2H26 can easily pass the US$1bn mark. We are positive on OOIL but still prefer SITC International (1308 HK). 


Orient Overseas Intl (316 HK): It May Be Turning

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

Thematic (Sector/Industry)

<ul>
<li>For segments we cover -- express, containers, tourism -- 2023 was challenging</li>
<li>In this note we highlight each segment's key trends and themes from 2023</li>
<li>We conclude with a look at 2023 share performance and a peak into 2024</li>
</ul>


For segments we cover -- express, containers, tourism -- 2023 was challenging
In this note we highlight each segment's key trends and themes from 2023
We conclude with a look at 2023 share performance and a peak into 2024


Key 2023 Trends & Themes in Asian Express, Containers, Tourism | Plus A Peak Into 2024

Taiwan

Evergreen Marine Corp. (Taiwan) Ltd. transports freight by ships. The Company operates container ships to move freight throughout the world. Evergreen Marine has interests in terminals, airline operations and motor freight transportation, as well as container manufacturing.

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Evergreen Marine Corp (2603 TT)

TWSE Foreign Holding Weekly (Sep 4th): Nanya Technology, Wiwynn, Winbond Electronics

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Nanya Technology, Wiwynn, Winbond Electronics,...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Aug 28th): TSMC, E.SUN Financial, Nanya Technology, MediaTek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, E.SUN Financial, Nanya Technology,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Aug 28th): Shin Kong Financial, Jentech Precision Industrial, FOSITEK

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Shin Kong Financial, Jentech Precision...

Ke Yan, CFA, FRM

Orient Overseas Intl (316 HK): It May Be Turning

Earnings outlook for 2H26 appears to be turning up, as implied by the significantly better spot freight rates. Load factor change has also reversed...

Osbert Tang, CFA

Key 2023 Trends & Themes in Asian Express, Containers, Tourism | Plus A Peak Into 2024

In this insight we look at the important trends and themes we've covered this year in the express, containers, and tourism sectors. We also...

Tracking Traffic

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)