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 short interest of KRX stocks as of Apr 18th which has an aggregated short interest worth USD5.4bn.</li>
<li>We tabulate league table 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 Hanmi Semi, SK Hynix, Samsung Electro-Mech, Sk Innovation, Ls Electric, Samsung Electronics.</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Apr 18th which has an aggregated short interest worth USD5.4bn.
We tabulate league table 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 Hanmi Semi, SK Hynix, Samsung Electro-Mech, Sk Innovation, Ls Electric, Samsung Electronics.


KRX Short Interest Weekly (Apr 18th): Hanmi Semi, SK Hynix, Samsung Electro-Mech, Sk Innovation

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of Mar 14th which has an aggregated short interest worth USD3.6bn.</li>
<li>We tabulate league table 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 Skc (011790 KS), Korea Aerospace (047810 KS).</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Mar 14th which has an aggregated short interest worth USD3.6bn.
We tabulate league table 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 Skc (011790 KS), Korea Aerospace (047810 KS).


KRX Short Interest Weekly (Mar 14th): Skc, Korea Aerospace

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of Sep 27th which has an aggregated short interest worth USD5.3bn.</li>
<li>We tabulate league table 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 Hmm (011200 KS), Samsung Electronics (005930 KS).</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Sep 27th which has an aggregated short interest worth USD5.3bn.
We tabulate league table 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 Hmm (011200 KS), Samsung Electronics (005930 KS).


KRX Short Interest Weekly (Sep 27th): Hmm, Samsung Electronics

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

Index Rebalance

Hyosung Heavy Industries Corp / Index Rebalance

Hyosung Heavy Industries Corp (298040 KS)

<ul>
<li>85% of the way through the review period, there could be 4 adds and 5 deletes for the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX)</a> in December.</li>
<li>The impact on the potential inclusions ranges from 1.4-17 days of ADV while the impact on the potential deletions varies from 4-8 days of ADV.</li>
<li>The potential adds outperformed the potential deletes early in the review period before giving up all the gains over the following months.</li>
</ul>


85% of the way through the review period, there could be 4 adds and 5 deletes for the Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX) in December.
The impact on the potential inclusions ranges from 1.4-17 days of ADV while the impact on the potential deletions varies from 4-8 days of ADV.
The potential adds outperformed the potential deletes early in the review period before giving up all the gains over the following months.


KOSPI200 Index Rebalance Preview: 4 Adds, 5 Deletes Likely in December

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of Sep 6th which has an aggregated short interest worth USD4.9bn.</li>
<li>We tabulate league table 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 Posco (005490 KS) .</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Sep 6th which has an aggregated short interest worth USD4.9bn.
We tabulate league table 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 Posco (005490 KS) .


KRX Short Interest Weekly (Sep 6th): Posco

South Korea

Grand Korea Leisure Co., Ltd. operates casino business.

Price Gauge
52-week Range	0.00 - 0.00
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Grand Korea Leisure (114090 KS)

KRX Short Interest Weekly (Apr 18th): Hanmi Semi, SK Hynix, Samsung Electro-Mech, Sk Innovation

We analyzed KRX short interest report for the past week and highlighted short interest changes in Hanmi Semi, SK Hynix, Samsungelecmech, Sk...

Ke Yan, CFA, FRM

KRX Short Interest Weekly (Mar 14th): Skc, Korea Aerospace

We analyzed KRX short interest report for the past week and highlighted short interest changes in Skc (011790 KS), Korea Aerospace (047810 KS).

Ke Yan, CFA, FRM

KRX Short Interest Weekly (Sep 27th): Hmm, Samsung Electronics

We analyzed KRX short interest report for the past week and highlighted short interest changes in Hmm, Samsung Electronics.

Ke Yan, CFA, FRM

KOSPI200 Index Rebalance Preview: 4 Adds, 5 Deletes Likely in December

There could be 4 adds, 5 deletes for the KOSPI200 in December. Passive impact ranges from 1.4-17 days of ADV. The adds outperformed the deletes...

Brian Freitas

KRX Short Interest Weekly (Sep 6th): Posco

We analyzed KRX short interest report for the past week and highlighted short interest changes in Posco (ticker:005490 KS).

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)