Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Apr 10th. The aggregated short interest was USD35.6bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in MediaTek, Nanya Technology, CTBC Financial, Winbond Electronics, Elite Material.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Apr 10th. The aggregated short interest was USD35.6bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in MediaTek, Nanya Technology, CTBC Financial, Winbond Electronics, Elite Material.


TWSE Short Interest Weekly (Apr 10th): MediaTek, Nanya Technology, CTBC Financial

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

Tung Ho Steel Enterprise / Index Rebalance

<ul>
<li>The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange. The T100 index represents the next 100 largest names (51-150 ranks).</li>
<li>In this insight, we take a look at the potential ADDs/DELs for the June 2026 index rebal event. Currently, we see two changes for T50 and four changes for T100.</li>
<li>The rankings of the T100 potential DELs presented in this insight is very interesting as multiple TDIV members are close to the border. This has important index flow implications.</li>
</ul>


The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange. The T100 index represents the next 100 largest names (51-150 ranks).
In this insight, we take a look at the potential ADDs/DELs for the June 2026 index rebal event. Currently, we see two changes for T50 and four changes for T100.
The rankings of the T100 potential DELs presented in this insight is very interesting as multiple TDIV members are close to the border. This has important index flow implications.


Quiddity Leaderboard T50/​​​100 Jun26: One TDIV DEL In the Money; Two More Close to the Border!

<ul>
<li>The TDIV index tracks the top 50 names on the Taiwan Stock Exchange with the highest dividend yields. It is a yield-weighted index with unique capping rules.</li>
<li>In this insight, we take a look at Quiddity's expectations for index changes and capping flows for the TDIV Index for the March 2026 index rebal event.</li>
<li>We expect one delete for the TDIV index for the March 2026 index rebal event. We estimate the one-way capping flow to be US$101mn.</li>
</ul>


The TDIV index tracks the top 50 names on the Taiwan Stock Exchange with the highest dividend yields. It is a yield-weighted index with unique capping rules.
In this insight, we take a look at Quiddity's expectations for index changes and capping flows for the TDIV Index for the March 2026 index rebal event.
We expect one delete for the TDIV index for the March 2026 index rebal event. We estimate the one-way capping flow to be US$101mn.


Quiddity Leaderboard TDIV Mar26: One Delete; ~10x ADV to Sell

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Nov 28th. The aggregated short interest was USD28.1bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Lite-On Technology, King Yuan Electronics, ASE Industrial, Acer, Jentech Precision Industrial, Lite-On Technology, King Yuan Electronics, ASE Industrial, Acer, Jentech Precision Industrial.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Nov 28th. The aggregated short interest was USD28.1bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Lite-On Technology, King Yuan Electronics, ASE Industrial, Acer, Jentech Precision Industrial, Lite-On Technology, King Yuan Electronics, ASE Industrial, Acer, Jentech Precision Industrial.


TWSE Short Interest Weekly (Nov 28th): Lite-On Technology, King Yuan Electronics, ASE Industrial

The Shanghai Commerical & Sa / Index Rebalance

<ul>
<li>The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange (TWSE). The T100 index represents the next 100 largest names (51-150 ranks).</li>
<li>In this insight, we take a look at the potential ADDs and DELs for the December 2025 index rebal event.</li>
<li>We currently see three changes for T50 and three other changes for T100 in December 2025.</li>
</ul>


The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange (TWSE). The T100 index represents the next 100 largest names (51-150 ranks).
In this insight, we take a look at the potential ADDs and DELs for the December 2025 index rebal event.
We currently see three changes for T50 and three other changes for T100 in December 2025.


Quiddity Leaderboard T50/​​​100 Dec25: High-Impact Passive Sell-Off for Shanghai Commercial (5876)

Taiwan

Sinbon Electronics Co., Ltd. markets cable, connectors, and modems.  The Company exports its products mainly to other Asian countries, America, and Europe.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Sinbon Electronincs (3023 TT)

TWSE Short Interest Weekly (Apr 10th): MediaTek, Nanya Technology, CTBC Financial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in MediaTek, Nanya Technology, CTBC Financial,...

Ke Yan, CFA, FRM

Quiddity Leaderboard T50/100 Jun26: One TDIV DEL In the Money; Two More Close to the Border!

One of the T100 expected DELs is also a TDIV member and that means it will get deleted from TDIV too as things stands. Separately, there are two...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard TDIV Mar26: One Delete; ~10x ADV to Sell

Yulon Finance (9941 TT) is expected to have around 10x ADV to sell. However, the stock has significantly underperformed peers in recent weeks...

Janaghan Jeyakumar, CFA

TWSE Short Interest Weekly (Nov 28th): Lite-On Technology, King Yuan Electronics, ASE Industrial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Lite-On Technology (2301 TT), King Yuan...

Ke Yan, CFA, FRM

Quiddity Leaderboard T50/100 Dec25: High-Impact Passive Sell-Off for Shanghai Commercial (5876)

There could be ~19x ADV of net passive selling for Shanghai Commerical (5876 TT). Separately, Tung Ho Steel (2006 TT) could get deleted from T100...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

TWSE Short Interest Weekly (Apr 10th): MediaTek, Nanya Technology, CTBC Financial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in MediaTek, Nanya Technology, CTBC Financial,...

Ke Yan, CFA, FRM

Quiddity Leaderboard T50/​​​100 Jun26: One TDIV DEL In the Money; Two More Close to the Border!

One of the T100 expected DELs is also a TDIV member and that means it will get deleted from TDIV too as things stands. Separately, there are two...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard TDIV Mar26: One Delete; ~10x ADV to Sell

Yulon Finance (9941 TT) is expected to have around 10x ADV to sell. However, the stock has significantly underperformed peers in recent weeks...

Janaghan Jeyakumar, CFA

TWSE Short Interest Weekly (Nov 28th): Lite-On Technology, King Yuan Electronics, ASE Industrial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Lite-On Technology (2301 TT), King Yuan...

Ke Yan, CFA, FRM

Quiddity Leaderboard T50/​​​100 Dec25: High-Impact Passive Sell-Off for Shanghai Commercial (5876)

There could be ~19x ADV of net passive selling for Shanghai Commerical (5876 TT). Separately, Tung Ho Steel (2006 TT) could get deleted from T100...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/100 Jun26: One TDIV DEL In the Money; Two More Close to the Border!

Quiddity Leaderboard T50/100 Dec25: High-Impact Passive Sell-Off for Shanghai Commercial (5876)