Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

Blackcow Food Co Ltd A / Equity Bottom-Up

<ul><li>Taiwan plans to release offshore wind regulations by 3Q24, boosting the renewable energy sector's growth and investment opportunities.</li><li>Chinese investment in 8.6G OLED technology is boosting the South Korean display equipment industry, leading to potential economic growth.</li><li>VinFast's Indian factory may open earlier than expected, while mobile device suppliers show interest in using edge AI to enhance the market.</li></ul>

Taiwan plans to release offshore wind regulations by 3Q24, boosting the renewable energy sector's growth and investment opportunities.Chinese investment in 8.6G OLED technology is boosting the South Korean display equipment industry, leading to potential economic growth.VinFast's Indian factory may open earlier than expected, while mobile device suppliers show interest in using edge AI to enhance the market.

Tech Supply Chain Tracker (04-Jul-2024): Taiwan to announce offshore wind rules by 3Q24.

Advanced Process Systems / Equity Bottom-Up

<ul><li>Taiwan set to release offshore wind regulations by 3Q24, opening doors for growth and innovation in the industry.</li><li>China's significant investment in OLED technology boosts South Korean display equipment sector, creating opportunities for growth.</li><li>Telecoms facing challenges with slow 5G adoption, pushing them to adapt and transform strategies to overcome obstacles.</li></ul>

Taiwan set to release offshore wind regulations by 3Q24, opening doors for growth and innovation in the industry.China's significant investment in OLED technology boosts South Korean display equipment sector, creating opportunities for growth.Telecoms facing challenges with slow 5G adoption, pushing them to adapt and transform strategies to overcome obstacles.

Tech Supply Chain Tracker (03-Jul-2024): Taiwan to announce offshore wind rules by 3Q24.

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

Event-Driven

Nan Ya Printed Circuit Board / Event-Driven

<ul>
<li>There are 5 adds and 5 deletes to the Yuanta/​P-Shares Taiwan Dividend Plus ETF in June with implementation taking place from 21-27 June.</li>
<li>The constituent changes and capping changes result in an estimated one-way turnover of 12.8% and in a one-way trade of TWD 37.2bn (US$1.15bn).</li>
<li>The changes are in line with our forecasts with one exception. <a href="https://www.smartkarma.com/entities/uni-president-enterprises-corp" target="_blank" data-smartkarma-citation="entities:7973:1" rel="noopener">Uni President Enterprises (1216 TT)</a> was not added and Yulon Finance (9941 TT) was added instead.</li>
</ul>


There are 5 adds and 5 deletes to the Yuanta/​P-Shares Taiwan Dividend Plus ETF in June with implementation taking place from 21-27 June.
The constituent changes and capping changes result in an estimated one-way turnover of 12.8% and in a one-way trade of TWD 37.2bn (US$1.15bn).
The changes are in line with our forecasts with one exception. Uni President Enterprises (1216 TT) was not added and Yulon Finance (9941 TT) was added instead.


Yuanta/​P-Shares Taiwan Div+ ETF Rebalance: One Surprise as Round-Trip Trade Hits US$2.3bn

<ul>
<li>
<a href="https://www.smartkarma.com/entities/asia-vital-components" target="_blank" data-smartkarma-citation="entities:18397:1" rel="noopener">Asia Vital Components (3017 TT)</a> will replace <a href="https://www.smartkarma.com/entities/chang-hwa-commercial-bank" target="_blank" data-smartkarma-citation="entities:3494:1" rel="noopener">Chang Hwa Commercial Bank (2801 TT)</a> in the Yuanta/P-Shares Taiwan Top 50 ETF at the close of trading on 21 June.</li>
<li>
<a href="https://www.smartkarma.com/entities/asia-vital-components" target="_blank" data-smartkarma-citation="entities:18397:1" rel="noopener">Asia Vital Components (3017 TT)</a> was added to a global index at the end of May and the stock has dropped nearly 25% from its highs.</li>
<li>
<a href="https://www.smartkarma.com/entities/asia-vital-components" target="_blank" data-smartkarma-citation="entities:18397:1" rel="noopener">Asia Vital Components (3017)</a> trades at a much higher forward PE compared to its peers while <a href="https://www.smartkarma.com/entities/chang-hwa-commercial-bank" target="_blank" data-smartkarma-citation="entities:3494:1" rel="noopener">Chang Hwa Commercial Bank (2801)</a> trades at a lower PB compared to its peers.</li>
</ul>



Asia Vital Components (3017 TT) will replace Chang Hwa Commercial Bank (2801 TT) in the Yuanta/P-Shares Taiwan Top 50 ETF at the close of trading on 21 June.

Asia Vital Components (3017 TT) was added to a global index at the end of May and the stock has dropped nearly 25% from its highs.

Asia Vital Components (3017) trades at a much higher forward PE compared to its peers while Chang Hwa Commercial Bank (2801) trades at a lower PB compared to its peers.


Taiwan Top 50 ETF Rebalance: Asia Vital Components to Replace Chang Hwa Commercial Bank

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, 10 stocks added into portfolio</li>
<li>Since its inception, it has generated a before-fee total return of 187% versus the MSCI Asia ex Japan of 78%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Four stock remains, 10 stocks added into portfolio
Since its inception, it has generated a before-fee total return of 187% versus the MSCI Asia ex Japan of 78%


Taiwan

Pegatron Corp is a design, manufacturing and service company. The Company produces motherboards, desktop PCs, notebooks, broadband, wireless systems, game consoles, networking, multimedia, LCD TV, and more.

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Pegatron Corp (4938 TT)

Tech Supply Chain Tracker (04-Jul-2024): Taiwan to announce offshore wind rules by 3Q24.

Taiwan progresses in offshore wind regulations, while collaborations with Poland advance in photonics; China's OLED investment benefits South...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (03-Jul-2024): Taiwan to announce offshore wind rules by 3Q24.

Taiwan to release offshore wind regulations, Poland-Taiwan industrial cooperation, China's OLED investment, VinFast factory in India, edge AI...

Tech Supply Chain Tracker

Yuanta/P-Shares Taiwan Div+ ETF Rebalance: One Surprise as Round-Trip Trade Hits US$2.3bn

The ETF starts rebalancing at the close today and that will continue over the next 4 trading days. Excluding BizLink, the adds have outperformed...

Brian Freitas

Taiwan Top 50 ETF Rebalance: Asia Vital Components to Replace Chang Hwa Commercial Bank

Asia Vital Components will replace Chang Hwa Commercial Bank in the Yuanta/P-Shares Taiwan Top 50 ETF. Compared to their peers, Asia Vital trades...

Brian Freitas

The Stocks to Own in Asia – Vol. 45

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Four stock remains, 10 stocks added.

A. Stotz Investment Research

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Tech Supply Chain Tracker (04-Jul-2024): Taiwan to announce offshore wind rules by 3Q24.

Taiwan progresses in offshore wind regulations, while collaborations with Poland advance in photonics; China's OLED investment benefits South...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (03-Jul-2024): Taiwan to announce offshore wind rules by 3Q24.

Taiwan to release offshore wind regulations, Poland-Taiwan industrial cooperation, China's OLED investment, VinFast factory in India, edge AI...

Tech Supply Chain Tracker

Yuanta/​P-Shares Taiwan Div+ ETF Rebalance: One Surprise as Round-Trip Trade Hits US$2.3bn

The ETF starts rebalancing at the close today and that will continue over the next 4 trading days. Excluding BizLink, the adds have outperformed...

Brian Freitas

Taiwan Top 50 ETF Rebalance: Asia Vital Components to Replace Chang Hwa Commercial Bank

Asia Vital Components will replace Chang Hwa Commercial Bank in the Yuanta/P-Shares Taiwan Top 50 ETF. Compared to their peers, Asia Vital trades...

Brian Freitas

The Stocks to Own in Asia – Vol. 45

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Four stock remains, 10 stocks added.

A. Stotz Investment Research

Yuanta/P-Shares Taiwan Div+ ETF Rebalance: One Surprise as Round-Trip Trade Hits US$2.3bn