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.

Index Rebalance

<ul>
<li>HSCEI June 2026 implementation takes effect on 8 Jun 2026, with Hansoh and Akeso as ADDs and Sunny Optical and Haier Smart Home as DELETEs.</li>
<li>Both ADDs declined through the bridge while DELETE names rose over the same period.</li>
<li>Historical first-week outcomes for negative-bridge ADDs were weak while positive-bridge DELETEs kept a positive first-week bias.</li>
</ul>


HSCEI June 2026 implementation takes effect on 8 Jun 2026, with Hansoh and Akeso as ADDs and Sunny Optical and Haier Smart Home as DELETEs.
Both ADDs declined through the bridge while DELETE names rose over the same period.
Historical first-week outcomes for negative-bridge ADDs were weak while positive-bridge DELETEs kept a positive first-week bias.


HSCEI June 2026 Index Rebalance: Pre-Implementation Update

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of May 29th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period.</li>
<li>We highlight short changes in Lenovo, CCB, Tencent, Catl, Alibaba, Kingboard Laminates, AIA, Wharf, Hansoh Pharmaceutical.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of May 29th.
Top short increases and decreases were tabulated for one week and four week period.
We highlight short changes in Lenovo, CCB, Tencent, Catl, Alibaba, Kingboard Laminates, AIA, Wharf, Hansoh Pharmaceutical.


HK Short Interest Weekly: Lenovo, CCB, Tencent, Catl, Alibaba, Kingboard Laminates, AIA, Wharf

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

<ul>
<li>The June rebalance of the Hang Seng family of indices will use today's closing prices to cap the index constituent weights.</li>
<li>The net round-trip trade across all stocks across the five indices is estimated at HK$49.6bn (US$6.33bn). There is size to trade in a lot of stocks.</li>
<li>The stocks with forecast inflows marginally outperformed the stocks with forecast outflows prior to announcement of the changes, but there has been underperformance since announcement.</li>
</ul>


The June rebalance of the Hang Seng family of indices will use today's closing prices to cap the index constituent weights.
The net round-trip trade across all stocks across the five indices is estimated at HK$49.6bn (US$6.33bn). There is size to trade in a lot of stocks.
The stocks with forecast inflows marginally outperformed the stocks with forecast outflows prior to announcement of the changes, but there has been underperformance since announcement.


HSI, HSCEI, HSTECH, HSIII, HSBIO Index Rebalance: US$6.3bn of Flows Post Capping (June 2026)

Equity Capital Markets

Luxshare Precision Industry / Equity Capital Markets

<ul>
<li>Luxshare Precision is seeking an A+H listing. CITIC, GS, and CICC are the joint sponsors.</li>
<li>We look at the company's core segments: consumer electronics, automotive electronics, and communication and data center.</li>
<li>We discuss our preliminary thoughts on the company's fair value based on A-H premium.</li>
</ul>


Luxshare Precision is seeking an A+H listing. CITIC, GS, and CICC are the joint sponsors.
We look at the company's core segments: consumer electronics, automotive electronics, and communication and data center.
We discuss our preliminary thoughts on the company's fair value based on A-H premium.


Luxshare Precision (立讯精密) A+H Pre-IPO: Early Thought

Co-Founder & CEO, Newmark Risk

Nicholas Pezolano

Co-Founder & CEO

Option analytics for institutional investors

Newmark Risk

Fin-tech company focused on providing option derived analytics for institutional investors.

We handle the complexity of options data so you don't have to.

- Data and Analytics available all in one place so you can focus on Strategy Development
- Custom Solutions for your data and/or portfolio needs
- Advisory services to lend our expertise

Knowledge is something that was meant to be shared and we provide insights to our clients and to the community via posting about our research findings.

Equity Derivatives

Hua Hong Semiconductor / Equity Derivatives

<ul>
<li>Top Hong Kong Stock Exchange listed covered call candidates for the month of June.</li>
<li>The top 10 provide an average ~6.02% premium with a potential ~7.06% upside P&amp;L if exercised.</li>
<li>Investors with a neutral 1-month view on the underlying can seek to generate income.</li>
</ul>


Top Hong Kong Stock Exchange listed covered call candidates for the month of June.
The top 10 provide an average ~6.02% premium with a potential ~7.06% upside P&amp;L if exercised.
Investors with a neutral 1-month view on the underlying can seek to generate income.


EQD | Hong Kong June 2026 Monthly Covered Call Report

China

Sunny Optical Technology (Group) Co., Ltd. is a leading global manufacturer of integrated optical components and products. The company designs, researches, develops, manufactures, and sells optical and optical-related products, including lenses for handsets, vehicles, and security, as well as camera modules, vehicle modules, microscopes, and intelligent inspection equipment. It is headquartered in Yuyao, Zhejiang, China, and was founded in 1984.

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

Sunny Optical Technology (2382 HK)

HSCEI June 2026 Index Rebalance: Pre-Implementation Update

HSCEI enters the implementation phase on 8 Jun 2026. We update stock pre-implementation performance and discuss implementation trades.

Ke Yan, CFA, FRM

HK Short Interest Weekly: Lenovo, CCB, Tencent, Catl, Alibaba, Kingboard Laminates, AIA, Wharf

We analyzed the latest HK SFC report for aggregate short position as of May 29th and highlight short interest changes in Lenovo (992 HK), CCB (939...

Ke Yan, CFA, FRM

HSI, HSCEI, HSTECH, HSIII, HSBIO Index Rebalance: US$6.3bn of Flows Post Capping (June 2026)

The June rebalance of the HSI, HSCEI, HSTECH, HSIII, HSHKBIO indices will use 2 June closing prices for capping. The round-trip trade across the...

Brian Freitas

Luxshare Precision (立讯精密) A+H Pre-IPO: Early Thought

Luxshare Precision is seeking an A+H listing. In this note, we look at the company's business, its industry context, and provide our early view on...

Ke Yan, CFA, FRM

EQD | Hong Kong June 2026 Monthly Covered Call Report

June's top HKEX covered call candidates offer a 6.02% premium and 7.06% potential upside if exercised, ideal for investors with a neutral outlook...

Nicholas Pezolano

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

HSCEI June 2026 Index Rebalance: Pre-Implementation Update

HSCEI enters the implementation phase on 8 Jun 2026. We update stock pre-implementation performance and discuss implementation trades.

Ke Yan, CFA, FRM

HK Short Interest Weekly: Lenovo, CCB, Tencent, Catl, Alibaba, Kingboard Laminates, AIA, Wharf

We analyzed the latest HK SFC report for aggregate short position as of May 29th and highlight short interest changes in Lenovo (992 HK), CCB (939...

Ke Yan, CFA, FRM

HSI, HSCEI, HSTECH, HSIII, HSBIO Index Rebalance: US$6.3bn of Flows Post Capping (June 2026)

The June rebalance of the HSI, HSCEI, HSTECH, HSIII, HSHKBIO indices will use 2 June closing prices for capping. The round-trip trade across the...

Brian Freitas

Luxshare Precision (立讯精密) A+H Pre-IPO: Early Thought

Luxshare Precision is seeking an A+H listing. In this note, we look at the company's business, its industry context, and provide our early view on...

Ke Yan, CFA, FRM

EQD | Hong Kong June 2026 Monthly Covered Call Report

​June's top HKEX covered call candidates offer a 6.02% premium and 7.06% potential upside if exercised, ideal for investors with a neutral outlook...

Nicholas Pezolano

June's top HKEX covered call candidates offer a 6.02% premium and 7.06% potential upside if exercised, ideal for investors with a neutral outlook...