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 short interest of TWSE Stocks as of Aug 7th. The aggregated short interest was USD43.7bn.</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, ASE Industrial, Jentech Precision Industrial, Powerchip Semiconductor Manufacturing, King Yuan Electronics.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Aug 7th. The aggregated short interest was USD43.7bn.
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, ASE Industrial, Jentech Precision Industrial, Powerchip Semiconductor Manufacturing, King Yuan Electronics.


TWSE Short Interest Weekly (Aug 7th): Shin Kong Financial, ASE Industrial, King Yuan Electronics

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 31st. The aggregated holding was USD2,114.0bn.</li>
<li>We estimate that foreign flows to be outflows of USD2,089mln. 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, Delta Electronics, Chroma ATE, PharmaEssentia.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 31st. The aggregated holding was USD2,114.0bn.
We estimate that foreign flows to be outflows of USD2,089mln. 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, Delta Electronics, Chroma ATE, PharmaEssentia.


TWSE Foreign Holding Weekly (Jul 31st): TSMC, MediaTek, Delta Electronics, Chroma ATE

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jul 31st. The aggregated short interest was USD41.0bn.</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, Hon Hai Precision, TSMC, Zhen Ding Technology, LARGAN Precision.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jul 31st. The aggregated short interest was USD41.0bn.
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, Hon Hai Precision, TSMC, Zhen Ding Technology, LARGAN Precision.


TWSE Short Interest Weekly (Jul 31st): Shin Kong Financial, Hon Hai Precision, TSMC

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 TDIV index tracks the top 50 names in the Taiwan Stock Exchange with the highest dividend yields. It is a yield-weighted index with unique capping rules.</li>
<li>In this insight, we take a look at Quiddity's expectations for capping flows for the TDIV index for the September 2026 index rebal event.</li>
<li>Currently, we expect no index changes and we estimate the one-way capping flow to be ~US$90mn.</li>
</ul>


The TDIV index tracks the top 50 names in the Taiwan Stock Exchange with the highest dividend yields. It is a yield-weighted index with unique capping rules.
In this insight, we take a look at Quiddity's expectations for capping flows for the TDIV index for the September 2026 index rebal event.
Currently, we expect no index changes and we estimate the one-way capping flow to be ~US$90mn.


Quiddity Leaderboard TDIV Sep26: US$90mn One-Way Flows

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Four stock remains, and 10 new join the fray</li>
<li>Since its inception, the portfolio has gained 80% versus MSCI Asia ex Japan's 63%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Four stock remains, and 10 new join the fray
Since its inception, the portfolio has gained 80% versus MSCI Asia ex Japan's 63%


Taiwan

Far EasTone Telecommunications Co., Ltd. provides mobile communication and Internet access services.  The Company also sells cellular phones and related equipment.

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Far Eastone Telecomm (4904 TT)

TWSE Short Interest Weekly (Aug 7th): Shin Kong Financial, ASE Industrial, King Yuan Electronics

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Shin Kong Financial (2888 TT), ASE Industrial...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Jul 31st): TSMC, MediaTek, Delta Electronics, Chroma ATE

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, MediaTek, Delta Electronics, Chroma ATE,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jul 31st): Shin Kong Financial, Hon Hai Precision, TSMC

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

Ke Yan, CFA, FRM

Quiddity Leaderboard TDIV Sep26: US$90mn One-Way Flows

The one-way flow expectation could increase if share prices fluctuate over the next few weeks. There could also be index deletions if index members...

Janaghan Jeyakumar, CFA

The Stocks to Own in Asia – Vol. 37

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Four stocks remain, and 10 stocks have...

A. Stotz Investment Research

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