Brian Freitas

Pan-Asia Index Rebalances/Events/Delta One

Periscope Analytics

Event-Driven

<ul>
<li>There are 3 changes for the IDX30 Index, 6 changes for the LQ45 Index, and 7 changes for the IDX80 Index at the rebalance to be implemented on 31 January.</li>
<li>Largest passive inflows are expected to be on <a href="https://www.smartkarma.com/entities/sumber-alfaria-trijaya-tbk-pt" target="_blank" data-smartkarma-citation="entities:15659:1" rel="noopener">Sumber Alfaria Trijaya Tbk Pt (AMRT IJ)</a> and <a href="https://www.smartkarma.com/entities/surya-esa-perkasa-tbk-pt" target="_blank" data-smartkarma-citation="entities:14326:1" rel="noopener">Surya Esa Perkasa (ESSA IJ)</a>. </li>
<li>With only 4 days to implementation, there will be relatively big moves on stocks that have large flow/impact from passive fund trading.</li>
</ul>

Angus Mackintosh

ASEAN Insight Provider

CrossASEAN Research

Insights across South East Asia

Cross Asset Strategy

<ul>
<li>The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across South East Asia. </li>
<li>The past week saw insights on <a href="https://www.smartkarma.com/entities/bank-central-asia-tbk-pt" target="_blank" data-smartkarma-citation="entities:440:1" rel="noopener">Bank Central Asia</a>, <a href="https://www.smartkarma.com/entities/bank-negara-indonesia-persero" target="_blank" data-smartkarma-citation="entities:8285:1" rel="noopener">Bank Negara Indonesia</a>, <a href="https://www.smartkarma.com/entities/central-retail-corp-ltd" target="_blank" data-smartkarma-citation="entities:28240:1" rel="noopener">Central Retail Corp</a>, <a href="https://www.smartkarma.com/entities/comfortdelgro-corp-ltd" target="_blank" data-smartkarma-citation="entities:497:1" rel="noopener">Comfortdelgro Cor,</a> <a href="https://www.smartkarma.com/entities/sea-ltd" target="_blank" data-smartkarma-citation="entities:8509:1" rel="noopener">Sea Ltd,</a> and Thai Banks.</li>
<li>We also saw insights on <a href="https://www.smartkarma.com/entities/one-enterprise-public-co-ltd" target="_blank" data-smartkarma-citation="entities:34954:1" rel="noopener">One Enterprise</a> and <a href="https://www.smartkarma.com/entities/ramkhamhaeng-hospital-pcl" target="_blank" data-smartkarma-citation="entities:9626:1" rel="noopener">Ramkhamhaeng Hospital</a> also two pieces on the Thai Economy plus insights from <a href="https://www.smartkarma.com/profiles/brian-freitas" target="_blank" data-smartkarma-citation="accounts:4091" rel="noopener">Brian Freitas</a> on Index rebalancing in Indonesia and the Philippines.</li>
</ul>

<ul>
<li>The review period for the upcoming rebalance of the MSCI, <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225</a>, <a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617:1" rel="noopener">NIFTY</a>, <a href="https://www.smartkarma.com/entities/nifty-next-50-index" target="_blank" data-smartkarma-citation="entities:36053:1" rel="noopener">Nifty Next 50</a>, <a href="https://www.smartkarma.com/entities/sse-science-and-technology-innovation-board-50-index" target="_blank" data-smartkarma-citation="entities:29279:1" rel="noopener">SSE STAR50</a> and KRX New Deal Indices ends on 31 January.</li>
<li>The IDX30, LQ45, IDX80, <a href="https://www.smartkarma.com/entities/global-x-uranium-etf" target="_blank" data-smartkarma-citation="entities:32107:1" rel="noopener">Global X Uranium ETF (URA US)</a> rebalances will be implemented on 31 January while the <a href="https://www.smartkarma.com/entities/philippines-stock-exchange-psei-index" target="_blank" data-smartkarma-citation="entities:22912:1" rel="noopener">PSEi Index (PCOMP INDEX)</a> rebalance will be implemented on 3 February.</li>
<li>There were inflows to Asian country ETFs and <a href="https://www.smartkarma.com/entities/ishares-msci-emerging-markets" target="_blank" data-smartkarma-citation="entities:438:1" rel="noopener">iShares MSCI Emerging Markets (EEM)</a>, and outflows from <a href="https://www.smartkarma.com/entities/ishares-edge-msci-min-vol-emerging-markets-etf" target="_blank" data-smartkarma-citation="entities:725:1" rel="noopener">IShares MSCI Min Vol EM ETF (EEMV)</a> and <a href="https://www.smartkarma.com/entities/ishares-msci-pacific-ex-japan-6177f39f-e299-49f1-a36a-bd39636b8bb5" target="_blank" data-smartkarma-citation="entities:32704:1" rel="noopener">iShares MSCI Pacific ex Japan (EPP)</a>. </li>
</ul>

<ul>
<li>The review period for the MSCI February QCIR commenced last week and will run till the close on 31 January.</li>
<li>There will be an adhoc <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200-index" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange Kospi 200 Index (KOSPI2)</a> rebalance on 27 January with <a href="https://www.smartkarma.com/entities/jb-financial-group-co-ltd" target="_blank" data-smartkarma-citation="entities:16104:1" rel="noopener">Jb Financial Group (175330 KS)</a> replacing <a href="https://www.smartkarma.com/entities/meritz-fire-marine-insurance-co-ltd" target="_blank" data-smartkarma-citation="entities:20468:1" rel="noopener">Meritz Fire &amp; Marine Insurance (000060 KS)</a>.</li>
<li>There were big weekly inflows to a bunch of China ETFs as well as to <a href="https://www.smartkarma.com/entities/ishares-msci-emerging-markets" target="_blank" data-smartkarma-citation="entities:438:1" rel="noopener">iShares MSCI Emerging Markets (EEM US)</a> and <a href="https://www.smartkarma.com/entities/ishares-core-msci-emerging-markets-etf" target="_blank" data-smartkarma-citation="entities:32967:1" rel="noopener">iShares Core MSCI Emerging Markets ETF (IEMG US)</a>.</li>
</ul>

<ul>
<li>The FTSE Russell March 2023 SAIR will use closing prices from 30 December to calculate the market cap cut-offs to determine the inclusions and exclusions for the All-World/All-Cap indices.</li>
<li>
<a href="https://www.smartkarma.com/entities/merdeka-copper-gold-tbk-pt" target="_blank" data-smartkarma-citation="entities:28447:1" rel="noopener">Merdeka Copper Gold Tbk PT (MDKA IJ)</a>, <a href="https://www.smartkarma.com/entities/goto-gojek-tokopedia" target="_blank" data-smartkarma-citation="entities:25976:1" rel="noopener">GoTo (GOTO IJ)</a>, <a href="https://www.smartkarma.com/entities/pharmaessentia-corp" target="_blank" data-smartkarma-citation="entities:16461:1" rel="noopener">Pharmaessentia Corp (6446 TT)</a> and <a href="https://www.smartkarma.com/entities/kotak-mahindra-bank-ltd" target="_blank" data-smartkarma-citation="entities:126:1" rel="noopener">Kotak Mahindra Bank (KMB IN)</a> could have the largest inflows from passive trackers.</li>
<li>Some stocks are potential adds/deletes to other indices and there will be same-way flow on these stocks over the next few weeks and months.</li>
</ul>

Indonesia

PT Surya Esa Perkasa Tbk produces liquefied petroleum gas.

ADTV (USDm)	0.00
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
P/B	0.00
EV/EBITDA	0.00
EV/Sales	0.00
Dividend (Yield)	0.00

Surya Esa Perkasa - ESSA IJ

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ADTV (USDm)

52-week Range

Market Cap (USDm)

P/E

P/B

EV/EBITDA

EV/Sales

Dividend (Yield)

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