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

<ul>
<li>The changes to a global index in May will be announced pre-market open Wednesday and will be implemented at the close of trading on 29 May.</li>
<li>The big market moves since the last rebalance result in many changes with the final number dependent on the day picked to compute market cap and free float market cap.</li>
<li>There have been big price moves in stocks over the last few months with the forecast adds continuing to perform well and the forecast deletes beginning to catch a bid.</li>
</ul>


The changes to a global index in May will be announced pre-market open Wednesday and will be implemented at the close of trading on 29 May.
The big market moves since the last rebalance result in many changes with the final number dependent on the day picked to compute market cap and free float market cap.
There have been big price moves in stocks over the last few months with the forecast adds continuing to perform well and the forecast deletes beginning to catch a bid.


Global Index: Potential Changes in May for Asia Pac

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Equity Bottom-Up

<ul>
<li>Toyota plans to invest INR 18,103 crore in Maharashtra, starting with a 1 lakh-unit Bidkin plant and targeting nearly 3x India capacity by the 2030s.</li>
<li>India is expected to become Toyota’s fourth-largest manufacturing hub globally, creating stronger volume visibility for listed auto ancillary companies with deep Toyota relationships.</li>
<li>The opportunity is already moving- Bidadi expansion is underway, Bidkin starts in H1 2029, and Toyota India sold a record 3.89 lakh units in CY2025.</li>
</ul>


Toyota plans to invest INR 18,103 crore in Maharashtra, starting with a 1 lakh-unit Bidkin plant and targeting nearly 3x India capacity by the 2030s.
India is expected to become Toyota’s fourth-largest manufacturing hub globally, creating stronger volume visibility for listed auto ancillary companies with deep Toyota relationships.
The opportunity is already moving- Bidadi expansion is underway, Bidkin starts in H1 2029, and Toyota India sold a record 3.89 lakh units in CY2025.


Toyota Planning 3x Expansion: These Indian Auto Ancilliaries Winning!

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/seoul-guarantee-insurance-co" target="_blank" data-smartkarma-citation="entities:40123:1" rel="noopener">Seoul Guarantee Insurance (031210 KS)</a> raised around US$125m in its Korean IPO. The lockup on KDIC is set to expire soon.</li>
<li>Seoul Guarantee Insurance (SGI) is a guarantee insurance firm operating predominantly in Korea.</li>
<li>In this note, we will talk about the lockup dynamics and possible placement.</li>
</ul>



Seoul Guarantee Insurance (031210 KS) raised around US$125m in its Korean IPO. The lockup on KDIC is set to expire soon.
Seoul Guarantee Insurance (SGI) is a guarantee insurance firm operating predominantly in Korea.
In this note, we will talk about the lockup dynamics and possible placement.


Aequitas: Seoul Guarantee IPO Lockup- KDIC Set to Sell over a Third of the Company for Around US$1bn

Nippon Life India Asset Management / Equity Bottom-Up

Nippon Life India Asset Management (NAM IN)

<ul>
<li>
Financialisation Tailwind: India's mutual fund AUM has crossed Rs 82 lakh crore and penetration at roughly 21% of GDP remains far below the global average. </li>
<li>NAM India surpasses Rs 8.16 trillion in AUM with Q3 FY26 PAT up 37% YoY; NSE confirms F&amp;O inclusion opening a new institutional access window.</li>
<li>With 16 successive quarters of market-share gains, dominant ETF positioning NAM India as a structural wealth-management compounder.</li>
</ul>



Financialisation Tailwind: India's mutual fund AUM has crossed Rs 82 lakh crore and penetration at roughly 21% of GDP remains far below the global average. 
NAM India surpasses Rs 8.16 trillion in AUM with Q3 FY26 PAT up 37% YoY; NSE confirms F&amp;O inclusion opening a new institutional access window.
With 16 successive quarters of market-share gains, dominant ETF positioning NAM India as a structural wealth-management compounder.


The Beat Ideas- Nippon Life India Asset Management Ltd

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

<ul>
<li>In this Insight, we review our hits and misses across the key Asian geographies of China, Japan and India</li>
<li>We review the our top performing ideas in each geography and key reasons for the stock price movement.</li>
<li>Similarly we review the underperformers in each geography and present the likely reasons for the same.</li>
</ul>


In this Insight, we review our hits and misses across the key Asian geographies of China, Japan and India
We review the our top performing ideas in each geography and key reasons for the stock price movement.
Similarly we review the underperformers in each geography and present the likely reasons for the same.


2025: A Review of Our Hits and Misses Across Japan, China and India

India

Hyundai Motor India Limited (HMIL) is the Indian subsidiary of the South Korean automobile manufacturer Hyundai Motor Company. It manufactures and sells a wide range of four-wheeler passenger vehicles, including sedans, hatchbacks, sports-utility vehicles (SUVs), and electric vehicles (EVs), along with related parts such as transmissions and engines. The company also provides after-sales activities and engineering services. Hyundai Motor India was founded on May 6, 1996, and is headquartered in Gurugram, Haryana, India, with a registered office in Kancheepuram, Tamil Nadu, India.

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Hyundai Motor India (HYUNDAI IN)

Global Index: Potential Changes in May for Asia Pac

The index rebalances at the close tomorrow and there will be huge volume in the constituent changes at the close. Since announcement, the adds have...

Brian Freitas

Toyota Planning 3x Expansion: These Indian Auto Ancilliaries Winning!

Toyota to invest INR 18,103 crore in Maharashtra, aiming for 3x capacity by 2030s, making India its fourth-largest manufacturing hub globally.

Sudarshan Bhandari

Aequitas: Seoul Guarantee IPO Lockup- KDIC Set to Sell over a Third of the Company for Around US$1bn

As per news reports, KDIC is in the market selling 3m shares of Seoul Guarantee at a fixed price of KRW53,671 per share, which will form only a...

Sumeet Singh

The Beat Ideas- Nippon Life India Asset Management Ltd

India's mutual fund industry is growing rapidly, with NAM India leading the way with impressive AUM and market share gains.

Sudarshan Bhandari

2025: A Review of Our Hits and Misses Across Japan, China and India

Indian auto stocks such as Maruti Suzuki and M&M have corrected meaningfully in recent weeks.Like last year,these stocks are now offering...

Sreemant Dudhoria

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Global Index: Potential Changes in May for Asia Pac

The index rebalances at the close tomorrow and there will be huge volume in the constituent changes at the close. Since announcement, the adds have...

Brian Freitas

Toyota Planning 3x Expansion: These Indian Auto Ancilliaries Winning!

​Toyota to invest INR 18,103 crore in Maharashtra, aiming for 3x capacity by 2030s, making India its fourth-largest manufacturing hub globally.

Sudarshan Bhandari

Aequitas: Seoul Guarantee IPO Lockup- KDIC Set to Sell over a Third of the Company for Around US$1bn

As per news reports, KDIC is in the market selling 3m shares of Seoul Guarantee at a fixed price of KRW53,671 per share, which will form only a...

Sumeet Singh

The Beat Ideas- Nippon Life India Asset Management Ltd

​India's mutual fund industry is growing rapidly, with NAM India leading the way with impressive AUM and market share gains.

Sudarshan Bhandari

2025: A Review of Our Hits and Misses Across Japan, China and India

Indian auto stocks such as Maruti Suzuki and M&M have corrected meaningfully in recent weeks.Like last year,these stocks are now offering...

Sreemant Dudhoria

Toyota to invest INR 18,103 crore in Maharashtra, aiming for 3x capacity by 2030s, making India its fourth-largest manufacturing hub globally.

India's mutual fund industry is growing rapidly, with NAM India leading the way with impressive AUM and market share gains.