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

Dian Swastatika Sentosa / Index Rebalance

<ul>
<li>The review period for the LQ45 Index July rebalance ended on 30 June. The changes should be announced later in two weeks, becoming effective after the close on 31 July.</li>
<li>We highlight 2 potential inclusions and 2 potential exclusions for the index at the rebalance, though there is a possibility that there are no constituent changes.</li>
<li>Both potential inclusions will have over 2x ADV to trade from passive trackers and the flow is significant for one stock.</li>
</ul>


The review period for the LQ45 Index July rebalance ended on 30 June. The changes should be announced later in two weeks, becoming effective after the close on 31 July.
We highlight 2 potential inclusions and 2 potential exclusions for the index at the rebalance, though there is a possibility that there are no constituent changes.
Both potential inclusions will have over 2x ADV to trade from passive trackers and the flow is significant for one stock.


LQ45 Index Rebalance Preview (Jul 2025): Identifying Potential Index Changes

<ul>
<li>The review period for the LQ45 Index April rebalance ended 31 March. The changes should be announced later this week, becoming effective after the close on 30 April.</li>
<li>We highlight 4 potential inclusions and 3 potential exclusions for the index at the rebalance. The actual number of changes could be lower at 2-3 a side.</li>
<li>All the potential changes have over 1x ADV to trade from passive trackers and some stocks will be impacted more than others.</li>
</ul>


The review period for the LQ45 Index April rebalance ended 31 March. The changes should be announced later this week, becoming effective after the close on 30 April.
We highlight 4 potential inclusions and 3 potential exclusions for the index at the rebalance. The actual number of changes could be lower at 2-3 a side.
All the potential changes have over 1x ADV to trade from passive trackers and some stocks will be impacted more than others.


LQ45 Index Rebalance Preview (Apr 2025): Identifying Potential Index Changes

Event-Driven

<ul>
<li>Low free float market cap has kept <a href="https://www.smartkarma.com/entities/pt-petrindo-jaya-kreasi-tbk" target="_blank" data-smartkarma-citation="entities:44320:1" rel="noopener">PT Petrindo Jaya Kreasi Tbk (CUAN IJ)</a> out of a major global index so far.</li>
<li>An increase in float recently to just above 15% could result in the inclusion of the stock in the index in February and that will trigger large passive buying.</li>
<li>There is positioning in the stock, and the future stock path will depend on whether it is added to the index or not.</li>
</ul>


Low free float market cap has kept PT Petrindo Jaya Kreasi Tbk (CUAN IJ) out of a major global index so far.
An increase in float recently to just above 15% could result in the inclusion of the stock in the index in February and that will trigger large passive buying.
There is positioning in the stock, and the future stock path will depend on whether it is added to the index or not.


PT Petrindo Jaya Kreasi (CUAN IJ): Free Float to Determine Global Index Inclusion

Indonesia

PT Petrindo Jaya Kreasi is a holding company engaged in mineral and energy mining, primarily focusing on coal and gold operations through its subsidiaries. It produces thermal and metallurgical coal products and explores for resources including gold, silver, copper, and silica sand. The company also offers mining contracting, engineering, procurement, and construction services, as well as offshore supply base and other infrastructure services. Headquartered in Jakarta, Indonesia, the company was founded in 2008.

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Petrindo Jaya Kreasi (CUAN IJ)

LQ45 Index Rebalance Preview (Jul 2025): Identifying Potential Index Changes

We highlight 2 sets of changes for the LQ45 in July. The forecast adds and deletes have traded in a range over the last few months. Historically,...

Brian Freitas

LQ45 Index Rebalance Preview (Apr 2025): Identifying Potential Index Changes

We have identified potential changes for the LQ45 Index in April. The potential adds have traded in line with the deletes. Historically, adds and...

Brian Freitas

PT Petrindo Jaya Kreasi (CUAN IJ): Free Float to Determine Global Index Inclusion

Petrindo Jaya Kreasi's float appears to be higher than 15% and that could result in index inclusion in Feb. There could be some selling ahead of...

Brian Freitas

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)