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

PT Petrindo Jaya Kreasi Tbk / Index Rebalance

<ul>
<li>
<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> could be added to a global index in August but there are multiple risks for the stock.</li>
<li>
<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> trades at significantly higher multiples compared to its peers and the recent price spike raises the risk of addition to the UMA list.</li>
<li>
<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> has outperformed its peers and positioning is big, raising the risk of the stock moving lower over the next few weeks.</li>
</ul>



PT Petrindo Jaya Kreasi Tbk (CUAN IJ) could be added to a global index in August but there are multiple risks for the stock.

PT Petrindo Jaya Kreasi Tbk (CUAN IJ) trades at significantly higher multiples compared to its peers and the recent price spike raises the risk of addition to the UMA list.

PT Petrindo Jaya Kreasi Tbk (CUAN IJ) has outperformed its peers and positioning is big, raising the risk of the stock moving lower over the next few weeks.


Petrindo Jaya Kreasi (CUAN IJ): Potential Global Index Inclusion & The Risks

Event-Driven

PT Petrindo Jaya Kreasi Tbk / 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

Dian Swastatika Sentosa / Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/dian-swastatika-sentosa-tbk" target="_blank" data-smartkarma-citation="entities:15281:1" rel="noopener">Dian Swastatika Sentosa (DSSA IJ)</a> will be added to a global index in August and that should come as a surprise to most of the market.</li>
<li>The stock is up 10x over the last 18 months and liquidity has shown a marked improvement in the last year.</li>
<li>
<a href="https://www.smartkarma.com/entities/dian-swastatika-sentosa-tbk" target="_blank" data-smartkarma-citation="entities:15281:1" rel="noopener">Dian Swastatika Sentosa (DSSA IJ)</a> trades at nosebleed valuations and there is the risk of a sell off following index inclusion.</li>
</ul>



Dian Swastatika Sentosa (DSSA IJ) will be added to a global index in August and that should come as a surprise to most of the market.
The stock is up 10x over the last 18 months and liquidity has shown a marked improvement in the last year.

Dian Swastatika Sentosa (DSSA IJ) trades at nosebleed valuations and there is the risk of a sell off following index inclusion.


Dian Swastatika Sentosa (DSSA IJ): Surprise, Surprise!

<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

Indonesia

PT Petrindo Jaya Kreasi Tbk operates as a holding company. The Company, through its subsidiaries, focuses coal and gold mining business with the support of various subsidiaries spread across Kalimantan and West Nusa Tenggara. Petrindo Jaya Kreasi serves customers in Indonesia.

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PT Petrindo Jaya Kreasi Tbk (CUAN IJ)

Petrindo Jaya Kreasi (CUAN IJ): Potential Global Index Inclusion & The Risks

Petrindo Jaya Kreasi (CUAN) could be added to a global index in Aug. There are multiple risks for the stock with free float, valuations,...

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

Dian Swastatika Sentosa (DSSA IJ): Surprise, Surprise!

Dian Swastatika Sentosa (DSSA IJ) got slammed yesterday following a global index providers decision to add the stock to the index at half the...

Brian Freitas

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

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)