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>Solactive has announced the review results for the Global Lithium Index. There are two additions for the index and there will also be capping changes for some stocks.</li>
<li>Estimated one-way turnover is 26.3% and will result in a round-trip trade of US$813m. There are some stocks with over 0.5x ADV to trade.</li>
<li>The index has broken out of the secular downtrend, but investors continue to redeem units from the ETFs tracking the index.</li>
</ul>


Solactive has announced the review results for the Global Lithium Index. There are two additions for the index and there will also be capping changes for some stocks.
Estimated one-way turnover is 26.3% and will result in a round-trip trade of US$813m. There are some stocks with over 0.5x ADV to trade.
The index has broken out of the secular downtrend, but investors continue to redeem units from the ETFs tracking the index.


Solactive Global Lithium Index Rebalance: Two Adds and Capping Changes

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Lucid Group's latest earnings announcement presents a complex picture for potential investors, highlighting both progress and ongoing challenges faced by the electric vehicle producer.</li><li>During the second quarter of 2025, Lucid Group delivered 3,309 vehicles, marking a 38% year-over-year increase, and produced 3,863 vehicles, an 83% increase from the previous year.</li><li>Despite these records, the company must navigate various operational issues, including supply chain constraints and tariff impacts, which are influencing financial outcomes.</li></ul>

Lucid Group's latest earnings announcement presents a complex picture for potential investors, highlighting both progress and ongoing challenges faced by the electric vehicle producer.During the second quarter of 2025, Lucid Group delivered 3,309 vehicles, marking a 38% year-over-year increase, and produced 3,863 vehicles, an 83% increase from the previous year.Despite these records, the company must navigate various operational issues, including supply chain constraints and tariff impacts, which are influencing financial outcomes.

Lucid Group Strikes A $300 Million Uber Deal — Can Partnerships Supercharge Its EV Future?

<ul><li>Lucid Group's Q1 2025 results reveal a mixed performance, reflecting both progress and challenges amidst a complex industry landscape.</li><li>The company reported significant strides in vehicle production and deliveries, notably achieving a 28% year-over-year increase in production to 2,212 vehicles and a 58% increase in deliveries to 3,109 vehicles.</li><li>Despite logistical complications in Saudi Arabia that affected some deliveries, these figures continue a trend of record achievements for Lucid, marking their fifth consecutive quarter of record deliveries.</li></ul>

Lucid Group's Q1 2025 results reveal a mixed performance, reflecting both progress and challenges amidst a complex industry landscape.The company reported significant strides in vehicle production and deliveries, notably achieving a 28% year-over-year increase in production to 2,212 vehicles and a 58% increase in deliveries to 3,109 vehicles.Despite logistical complications in Saudi Arabia that affected some deliveries, these figures continue a trend of record achievements for Lucid, marking their fifth consecutive quarter of record deliveries.

Lucid Group: Product Portfolio Expansion & Innovation For Survival As EV Competition Intensifies Globally!

Research from ACF Equity Research, ACF Equity Research

ACF Equity Research

Research from ACF Equity Research

Accuracy | Clarity | Foresight

ACF was set up to improve the effectiveness of capital markets for smaller and mid-sized companies. The majority of jobs are created by smaller companies not global companies. If we can help improve companies use of capital markets more projects will be completed, more jobs created, more global GDP grown, which in turn helps create more resources for education, leading to equality and opportunity for those who are still oppressed by ignorance and poverty.

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate our professional investor readers about your company, with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.

Our team of analysts are independently minded individuals who believe in thoroughness, technical competence and clear punchy communications.

GreenRoc Strategic Materials / Equity Bottom-Up

<ul>
<li>GreenRoc Strategic Materials Plc (AIM: GROC.L) is unusually well positioned to become a key supplier of high-purity, battery-grade graphite into Western markets increasingly focused on critical material security.</li>
<li>GROC’s flagship Greenland Amitsoq Graphite Project, has amongst the highest known in-situ graphite grades globally at 20.41% TGC, potential purity is 99.95% (a purity essential to the EV battery value chain looking for lower cost natural graphite vs. synthetic graphite).</li>
<li>GROC.L’s Thule Black Sands Project (TiO2) aligns with green energy transition trends.</li>
</ul>


GreenRoc Strategic Materials Plc (AIM: GROC.L) is unusually well positioned to become a key supplier of high-purity, battery-grade graphite into Western markets increasingly focused on critical material security.
GROC’s flagship Greenland Amitsoq Graphite Project, has amongst the highest known in-situ graphite grades globally at 20.41% TGC, potential purity is 99.95% (a purity essential to the EV battery value chain looking for lower cost natural graphite vs. synthetic graphite).
GROC.L’s Thule Black Sands Project (TiO2) aligns with green energy transition trends.


GreenRoc Strategic Materials Plc (GROC.L) - Core Investment Case – Graphite to Drive For

<ul>
<li>Solactive has announced the review results for the Global Lithium Index. There are no constituent changes for the index but there will be capping changes for a few stocks.</li>
<li>Estimated one-way turnover is 10.8% and will result in a round-trip trade of US$208m. There are some stocks with over 0.5x ADV to trade.</li>
<li>The index has been in a secular downtrend over the last few years and there have been big redemptions from ETFs tracking the index.</li>
</ul>


Solactive has announced the review results for the Global Lithium Index. There are no constituent changes for the index but there will be capping changes for a few stocks.
Estimated one-way turnover is 10.8% and will result in a round-trip trade of US$208m. There are some stocks with over 0.5x ADV to trade.
The index has been in a secular downtrend over the last few years and there have been big redemptions from ETFs tracking the index.


Solactive Global Lithium Index Rebalance: Passive Flows Next Week

United States

Lucid Group Inc. operates as an automotive company. The Company manufactures luxury electric cars, as well as provides energy storage and original equipment solutions. Lucid Group serves customers in the United States and Canada.

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Lucid Group (LCID US)

Solactive Global Lithium Index Rebalance: Two Adds and Capping Changes

There are 2 adds and capping changes for the Global Lithium Index next week. Estimated one-way turnover is 26.3% and the round-trip trade is...

Brian Freitas

Lucid Group Strikes A $300 Million Uber Deal — Can Partnerships Supercharge Its EV Future?

Lucid Group's latest earnings announcement presents a complex picture for potential investors, highlighting both progress and ongoing challenges...

Baptista Research

Lucid Group: Product Portfolio Expansion & Innovation For Survival As EV Competition Intensifies Globally!

Lucid Group's Q1 2025 results reveal a mixed performance, reflecting both progress and challenges amidst a complex industry landscape. The company...

Baptista Research

GreenRoc Strategic Materials Plc (GROC.L) - Core Investment Case – Graphite to Drive For

GROC’s flagship Greenland Amitsoq Graphite Project, has amongst the highest known in-situ graphite grades globally at 20.41% TGC, potential purity...

ACF Equity Research

Solactive Global Lithium Index Rebalance: Passive Flows Next Week

There are capping changes for the Global Lithium Index next week. Estimated one-way turnover is 10.8% resulting in a round-trip trade of US$208m....

Brian Freitas

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52-week Range

Market Cap (USDm)

P/E

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