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>Constituent changes to the <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a>, S&amp;P Midcap400 Index and S&amp;P SmallCap600 Index for the March rebalance will be announced after market close on Friday.</li>
<li>There will also be capping changes for the Select Sector indices that will result in a round-trip trade of US$13.1bn. Constituent changes will add to that flow.</li>
<li>The largest inflows will be in <a href="https://www.smartkarma.com/entities/amazon-com-inc" target="_blank" data-smartkarma-citation="entities:409:1" rel="noopener">Amazon.com</a>, <a href="https://www.smartkarma.com/entities/tesla-inc" target="_blank" data-smartkarma-citation="entities:20279:1" rel="noopener">Tesla</a>, <a href="https://www.smartkarma.com/entities/microsoft-corp" target="_blank" data-smartkarma-citation="entities:15273:1" rel="noopener">Microsoft</a>, <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA</a>, <a href="https://www.smartkarma.com/entities/alphabet-inc" target="_blank" data-smartkarma-citation="entities:33361:1" rel="noopener">Alphabet (GOOGL US)</a> and <a href="https://www.smartkarma.com/entities/electronic-arts-inc" target="_blank" data-smartkarma-citation="entities:1179:1" rel="noopener">Electronic Arts</a>. Largest outflows are from <a href="https://www.smartkarma.com/entities/broadcom-inc" target="_blank" data-smartkarma-citation="entities:998:1" rel="noopener">Broadcom</a>, <a href="https://www.smartkarma.com/entities/meta-platforms-inc-class-a-facebook" target="_blank" data-smartkarma-citation="entities:665:1" rel="noopener">Meta Platforms</a>, <a href="https://www.smartkarma.com/entities/linde-plc" target="_blank" data-smartkarma-citation="entities:35233:1" rel="noopener">Linde</a>, <a href="https://www.smartkarma.com/entities/mcdonald-s-corp" target="_blank" data-smartkarma-citation="entities:1425:1" rel="noopener">Mcdonald's Corp</a> and <a href="https://www.smartkarma.com/entities/take-two-interactive-software-inc" target="_blank" data-smartkarma-citation="entities:14948:1" rel="noopener">Take Two Interactive</a>.</li>
</ul>


Constituent changes to the S&amp;P 500 INDEX (SPX INDEX), S&amp;P Midcap400 Index and S&amp;P SmallCap600 Index for the March rebalance will be announced after market close on Friday.
There will also be capping changes for the Select Sector indices that will result in a round-trip trade of US$13.1bn. Constituent changes will add to that flow.
The largest inflows will be in Amazon.com, Tesla, Microsoft, NVIDIA, Alphabet (GOOGL US) and Electronic Arts. Largest outflows are from Broadcom, Meta Platforms, Linde, Mcdonald's Corp and Take Two Interactive.


Select Sector Indices and S&P Equal Weight Rebalance Preview: Capping Changes & US$13bn Trade

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>T-Mobile U.S. delivered a strong performance in 2024, as indicated by their latest earnings call.</li><li>Key highlights include record growth in customer acquisition, solid financial metrics, continued network improvements, and strategic investments that position the company for future expansion.</li><li>T-Mobile's 2024 results were marked by substantial gains in postpaid phone customers, with more than 3 million net additions for the third consecutive year.</li></ul>

T-Mobile U.S. delivered a strong performance in 2024, as indicated by their latest earnings call.Key highlights include record growth in customer acquisition, solid financial metrics, continued network improvements, and strategic investments that position the company for future expansion.T-Mobile's 2024 results were marked by substantial gains in postpaid phone customers, with more than 3 million net additions for the third consecutive year.

T-Mobile US: Can Its Spectrum Advantage Give It An Edge Over Rivals

<ul><li>T-Mobile US's third quarter of 2024 reflects a period of strong performance and strategic execution, despite challenges posed by external events such as hurricanes.</li><li>The quarter was highlighted by significant increases in net additions and service revenues, alongside rising guidance for the full year, underscoring the company's robust business model and market strategy.</li><li>Positively, T-Mobile US reported its best third-quarter postpaid phone net additions in a decade and saw record low churn rates, which signals strong customer loyalty and brand strength.</li></ul>

T-Mobile US's third quarter of 2024 reflects a period of strong performance and strategic execution, despite challenges posed by external events such as hurricanes.The quarter was highlighted by significant increases in net additions and service revenues, alongside rising guidance for the full year, underscoring the company's robust business model and market strategy.Positively, T-Mobile US reported its best third-quarter postpaid phone net additions in a decade and saw record low churn rates, which signals strong customer loyalty and brand strength.

T-Mobile US Inc.:  Expansion of 5G & Advanced Network Capabilities & Other Major Drivers

<ul><li>T-Mobile US has reported a strong performance in its second quarter of 2024, highlighting significant achievements and strategic advancements that reflect the company’s robust operational execution and commitment to network superiority.</li><li>The company’s unwavering focus on enhancing customer experience and expanding its service offerings continues to pay dividends, as evidenced by record customer growth and financial outcomes during the quarter.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

T-Mobile US has reported a strong performance in its second quarter of 2024, highlighting significant achievements and strategic advancements that reflect the company’s robust operational execution and commitment to network superiority.The company’s unwavering focus on enhancing customer experience and expanding its service offerings continues to pay dividends, as evidenced by record customer growth and financial outcomes during the quarter.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

T-Mobile US Inc.: The Metronet Acquisition

<ul><li>T-Mobile US has demonstrated impressive performance in its Q1 2024 earnings, showing continuous growth and advancing its guidance for the year.</li><li>A key highlight is that the company's postpaid phone net additions are consistent with the same period last year, even as the industry's net adds have reduced by a double-digit percentage.</li><li>This shows that T-Mobile's best network value proposition is popular among customers, as evidenced by the growth in postpaid phone gross adds over the past four quarters and record-low Q1 postpaid phone churn.</li></ul>

T-Mobile US has demonstrated impressive performance in its Q1 2024 earnings, showing continuous growth and advancing its guidance for the year.A key highlight is that the company's postpaid phone net additions are consistent with the same period last year, even as the industry's net adds have reduced by a double-digit percentage.This shows that T-Mobile's best network value proposition is popular among customers, as evidenced by the growth in postpaid phone gross adds over the past four quarters and record-low Q1 postpaid phone churn.

T-Mobile US: Is The 5G Home Internet (FWA) Expansion Giving It An Edge Over Competitors? - Major Drivers

United States

T-Mobile US, Inc. is one of four national wireless carriers in the US. The company was created as the combination of T-Mobile USA and MetroPCS.

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T Mobile Us Inc (TMUS US)

Select Sector Indices and S&P Equal Weight Rebalance Preview: Capping Changes & US$13bn Trade

Capping changes for the Select Sector indices will result in a round-trip trade of US$13bn. Constituent changes will be announced after market...

Brian Freitas

T-Mobile US: Can Its Spectrum Advantage Give It An Edge Over Rivals

T-Mobile U.S. delivered a strong performance in 2024, as indicated by their latest earnings call. Key highlights include record growth in customer...

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T-Mobile US's third quarter of 2024 reflects a period of strong performance and strategic execution, despite challenges posed by external events...

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T-Mobile US has reported a strong performance in its second quarter of 2024, highlighting significant achievements and strategic advancements that...

Baptista Research

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T-Mobile US has demonstrated impressive performance in its Q1 2024 earnings, showing continuous growth and advancing its guidance for the year. A...

Baptista Research

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