Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Sino American Silicon Products / Event-Driven

<ul>
<li>The implied stub for <a href="https://www.smartkarma.com/entities/sino-american-silicon-products-inc" target="_blank" data-smartkarma-citation="entities:3441:1" rel="noopener">Sino American Silicon Products (5483 TT)</a> ("SAS") - and simple ratio (SAS/<a href="https://www.smartkarma.com/entities/globalwafers-co-ltd" target="_blank" data-smartkarma-citation="entities:17916:1" rel="noopener">GlobalWafers (6488 TT)</a> - are both at decade-lows.</li>
<li>Preceding my comments on SAS are the current setup/unwind tables for Asia-Pacific Holdcos.</li>
<li>These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.</li>
</ul>


The implied stub for Sino American Silicon Products (5483 TT) ("SAS") - and simple ratio (SAS/GlobalWafers (6488 TT) - are both at decade-lows.
Preceding my comments on SAS are the current setup/unwind tables for Asia-Pacific Holdcos.
These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation &gt;20%.


StubWorld: Sino American Silicon (5483 TT)'s Decade-Low Implied Stub

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>The TIP Taiwan Select High Dividend ETF (00919 TW) tracks the TIP Customized Taiwan Select High Dividend Index and has an AUM of TWD 284bn (US$8.7bn).</li>
<li>We forecast 8 changes a side at the December rebalance with an estimated one-way turnover of around 15.8% and a round-trip trade of around US$2.75bn.</li>
<li>An equal weighted basket of potential inclusions has outperformed an equal weighted basket of potential deletions since beginning September with a pick-up in pace over the last 2-3 weeks.</li>
</ul>


The TIP Taiwan Select High Dividend ETF (00919 TW) tracks the TIP Customized Taiwan Select High Dividend Index and has an AUM of TWD 284bn (US$8.7bn).
We forecast 8 changes a side at the December rebalance with an estimated one-way turnover of around 15.8% and a round-trip trade of around US$2.75bn.
An equal weighted basket of potential inclusions has outperformed an equal weighted basket of potential deletions since beginning September with a pick-up in pace over the last 2-3 weeks.


TIP Customized Taiwan Select High Div Index Rebalance Preview: 32% T/O; US$2.75bn Trade; HUGE Impact

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>India's Union Cabinet amended Press Note 3 on 10 March 2026, allowing up to 10% non-controlling beneficial ownership from land-bordering countries under the automatic route for seven critical manufacturing sectors.</li>
<li>Each of the seven sectors features Chinese global market share of 80-97%. India's installed polysilicon capacity is just 3.3 GW against 120 GW of module capacity. </li>
<li>India cut Chinese work visas by 99% after 2020, banned the capital, then needed Chinese engineers to commission wafer lines. Now, need to see whether India gets IP or not?</li>
</ul>


India's Union Cabinet amended Press Note 3 on 10 March 2026, allowing up to 10% non-controlling beneficial ownership from land-bordering countries under the automatic route for seven critical manufacturing sectors.
Each of the seven sectors features Chinese global market share of 80-97%. India's installed polysilicon capacity is just 3.3 GW against 120 GW of module capacity. 
India cut Chinese work visas by 99% after 2020, banned the capital, then needed Chinese engineers to commission wafer lines. Now, need to see whether India gets IP or not?


India's Surgical FDI Move: Getting the Factory, Not Just the Technology

Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

<ul><li>China has reintroduced trade-in subsidies aimed at boosting sales of ICT devices in the market.</li><li>A new partnership between Sony and TCL may create substantial competition for Samsung in the OLED sector.</li><li>Nvidia has surpassed Apple to become TSMC's largest customer, indicating a shift in market dynamics.</li></ul>

China has reintroduced trade-in subsidies aimed at boosting sales of ICT devices in the market.A new partnership between Sony and TCL may create substantial competition for Samsung in the OLED sector.Nvidia has surpassed Apple to become TSMC's largest customer, indicating a shift in market dynamics.

Tech Supply Chain Tracker (23-Jan-2026): China reintroduces trade-in subsidies for ICT

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.

<ul>
<li>We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Five stock remains, nine stocks added into portfolio</li>
<li>Since its inception, it has generated a before-fee total return of 193% versus the MSCI Asia ex Japan of 89%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Five stock remains, nine stocks added into portfolio
Since its inception, it has generated a before-fee total return of 193% versus the MSCI Asia ex Japan of 89%


Taiwan

Sino-American Silicon Products Inc. supplies silicon-based products, including silicon lapped wafer, silicon diffusion wafer, silicon ingot, silicon diffused diode chip, and automobile rectifier.  The Company sells its products worldwide.

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Sino American Silicon Products (5483 TT)

StubWorld: Sino American Silicon (5483 TT)'s Decade-Low Implied Stub

SAS' implied stub and simple ratio are at extreme levels. These bifurcations are excessive. If you can set up the stub here cleanly, do so.

David Blennerhassett

TIP Customized Taiwan Select High Div Index Rebalance Preview: 32% T/O; US$2.75bn Trade; HUGE Impact

We forecast 8 changes a side in December. Estimated one-way turnover is 15.8% with a round-trip trade of US$2.75bn. The impact on the forecast...

Brian Freitas

India's Surgical FDI Move: Getting the Factory, Not Just the Technology

India's new policy allows up to 10% ownership from land-bordering countries in critical sectors dominated by China, raising questions about IP...

Nimish Maheshwari

Tech Supply Chain Tracker (23-Jan-2026): China reintroduces trade-in subsidies for ICT

China's trade-in subsidies boost ICT sales, while Sony and TCL challenge Samsung in OLEDs, Nvidia surpasses Apple as TSMC's top customer, and...

Tech Supply Chain Tracker

The Stocks to Own in Asia – Vol. 47

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

A. Stotz Investment Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

StubWorld: Sino American Silicon (5483 TT)'s Decade-Low Implied Stub

SAS' implied stub and simple ratio are at extreme levels. These bifurcations are excessive. If you can set up the stub here cleanly, do so.

David Blennerhassett

TIP Customized Taiwan Select High Div Index Rebalance Preview: 32% T/O; US$2.75bn Trade; HUGE Impact

We forecast 8 changes a side in December. Estimated one-way turnover is 15.8% with a round-trip trade of US$2.75bn. The impact on the forecast...

Brian Freitas

India's Surgical FDI Move: Getting the Factory, Not Just the Technology

​India's new policy allows up to 10% ownership from land-bordering countries in critical sectors dominated by China, raising questions about IP...

Nimish Maheshwari

Tech Supply Chain Tracker (23-Jan-2026): China reintroduces trade-in subsidies for ICT

China's trade-in subsidies boost ICT sales, while Sony and TCL challenge Samsung in OLEDs, Nvidia surpasses Apple as TSMC's top customer, and...

Tech Supply Chain Tracker

The Stocks to Own in Asia – Vol. 47

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

A. Stotz Investment Research

India's new policy allows up to 10% ownership from land-bordering countries in critical sectors dominated by China, raising questions about IP...