Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The March 2026 index review results for the STAR 50 and STAR 100 indices were announced after market close on Friday 27th February 2026.</li>
<li>There will be three changes for the STAR 50 index and ten changes for the STAR 100 index.</li>
<li>We expect one-way flows of approximately US$1.6bn and US$547mn for the STAR 50 and STAR 100 index rebal events respectively.</li>
</ul>


The March 2026 index review results for the STAR 50 and STAR 100 indices were announced after market close on Friday 27th February 2026.
There will be three changes for the STAR 50 index and ten changes for the STAR 100 index.
We expect one-way flows of approximately US$1.6bn and US$547mn for the STAR 50 and STAR 100 index rebal events respectively.


Quiddity STAR 50/100 Mar26 Results: 6/6 STAR 50 Changes Correctly Predicted; Some STAR 100 Surprises

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

Shenton Research

Shenton 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 margin trading positions of A-share stocks as of Sep 30th. The aggregated net margin trading position is USD352,195m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in ANHUI JIANGHUAI AUTOMOBILE, BEIJING COMPASS TECHNOLOGY DEVELOPMENT, SICHUAN EM TECHNOLOGY, ROCKCHIP ELECTRONICS, GUIZHOU REDSTAR DEVELOPING.</li>
</ul>


We analyzed the changes in margin trading positions of A-share stocks as of Sep 30th. The aggregated net margin trading position is USD352,195m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in ANHUI JIANGHUAI AUTOMOBILE, BEIJING COMPASS TECHNOLOGY DEVELOPMENT, SICHUAN EM TECHNOLOGY, ROCKCHIP ELECTRONICS, GUIZHOU REDSTAR DEVELOPING.


A-Share Margin Trading Weekly (Sep 30th): ANHUI JIANGHUAI AUTOMOBILE, SICHUAN EM TECHNOLOGY

<ul>
<li>We analyzed the changes in margin trading positions of A-share stocks as of Aug 21st. The aggregated net margin trading position is USD356,345m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in COSCO SHIPPING, EAST MONEY INFORMATION, Mindray, CHENGDU XUGUANG ELECTRONICS, CNOOC.</li>
</ul>


We analyzed the changes in margin trading positions of A-share stocks as of Aug 21st. The aggregated net margin trading position is USD356,345m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in COSCO SHIPPING, EAST MONEY INFORMATION, Mindray, CHENGDU XUGUANG ELECTRONICS, CNOOC.


A-Share Margin Trading Weekly (Aug 21st): COSCO SHIPPING, EAST MONEY INFORMATION, Mindray, CNOOC

MetaX Integrated Circuits / Index Rebalance

<ul>
<li>STAR 50 and STAR 100 are tech-focused, blue-chip indices in Mainland China which track the top largest and most liquid names in the STAR market of the Shanghai Stock Exchange.</li>
<li>In this insight, we have presented our final expectations for ADDs and DELs for the upcoming June 2026 index rebal event.</li>
<li>We expect over US$2.6bn combined one-way flows for STAR 50 and STAR 100 during the June 2026 index rebal event.</li>
</ul>


STAR 50 and STAR 100 are tech-focused, blue-chip indices in Mainland China which track the top largest and most liquid names in the STAR market of the Shanghai Stock Exchange.
In this insight, we have presented our final expectations for ADDs and DELs for the upcoming June 2026 index rebal event.
We expect over US$2.6bn combined one-way flows for STAR 50 and STAR 100 during the June 2026 index rebal event.


Quiddity Leaderboard STAR 50/100 Jun26: Final Expectations; ~US$2.6bn Combined One-Way Flows

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.

<ul>
<li>We analysed the earning revision of component stocks of STAR50 in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on Xinjiang Daqo, TIANNENG BATTERY, Biwin Storage, TRANSSION, CSI SOLAR, CAMBRICON, UNITED NOVA TECHNOLOGY.</li>
</ul>


We analysed the earning revision of component stocks of STAR50 in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on Xinjiang Daqo, TIANNENG BATTERY, Biwin Storage, TRANSSION, CSI SOLAR, CAMBRICON, UNITED NOVA TECHNOLOGY.


STAR50 Index Earning Revision (Mar): Xinjiang Daqo, TIANNENG BATTERY, Biwin Storage, TRANSSION

China

Skyverse Technology Co., Ltd. manufactures and distributes semiconductor quality control equipment. The Company produces circular defect detection equipment, three dimensional shape measurement equipment, film thickness measurement equipment, and others. Skyverse Technology markets its products throughout China.

Price Gauge
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Skyverse Technology (688361 CH)

Quiddity STAR 50/100 Mar26 Results: 6/6 STAR 50 Changes Correctly Predicted; Some STAR 100 Surprises

We correctly predicted 6/6 STAR 50 changes and 16/20 STAR 100 changes. We expected one more ADD/DEL for STAR 50 which did not materialize. There...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard STAR 50/100 Jun26: Final Expectations; ~US$2.6bn Combined One-Way Flows

The STAR50/100 Jun26 index review results will be confirmed after market close on Friday 29th May 2026. In this insight, we have presented our...

Janaghan Jeyakumar, CFA

STAR50 Index Earning Revision (Mar): Xinjiang Daqo, TIANNENG BATTERY, Biwin Storage, TRANSSION

We analyzed STAR50's consensus for Mar 2026 and highlighted changes of EPS in Xinjiang Daqo, TIANNENG BATTERY, Biwin Storage, TRANSSION, CSI SOLAR,...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Quiddity STAR 50/100 Mar26 Results: 6/6 STAR 50 Changes Correctly Predicted; Some STAR 100 Surprises

We correctly predicted 6/6 STAR 50 changes and 16/20 STAR 100 changes. We expected one more ADD/DEL for STAR 50 which did not materialize. There...

Janaghan Jeyakumar, CFA

A-Share Margin Trading Weekly (Sep 30th): ANHUI JIANGHUAI AUTOMOBILE, SICHUAN EM TECHNOLOGY

We analyzed A-share margin trading positions report for the past week and highlighted ANHUI JIANGHUAI AUTOMOBILE (600418 CH), BEIJING COMPASS...

Ke Yan, CFA, FRM

A-Share Margin Trading Weekly (Aug 21st): COSCO SHIPPING, EAST MONEY INFORMATION, Mindray, CNOOC

We analyzed A-share margin trading positions report for the past week and highlighted COSCO SHIPPING, EAST MONEY INFORMATION, Mindray, CHENGDU...

Ke Yan, CFA, FRM

Quiddity Leaderboard STAR 50/100 Jun26: Final Expectations; ~US$2.6bn Combined One-Way Flows

The STAR50/100 Jun26 index review results will be confirmed after market close on Friday 29th May 2026. In this insight, we have presented our...

Janaghan Jeyakumar, CFA

STAR50 Index Earning Revision (Mar): Xinjiang Daqo, TIANNENG BATTERY, Biwin Storage, TRANSSION

We analyzed STAR50's consensus for Mar 2026 and highlighted changes of EPS in Xinjiang Daqo, TIANNENG BATTERY, Biwin Storage, TRANSSION, CSI SOLAR,...

Ke Yan, CFA, FRM