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

Event-Driven

<ul>
<li>The Yuanta/P-shares Dividend Plus ETF (0056 TT) started to rebalance its holdings on Friday and will continue to do so for the next 4 trading days.</li>
<li>Stocks with buy flows dropped 1.82% on average on Friday while the stocks with sell flows rose 1.03%. On a flow weighted basis, the numbers were -2.01% vs +1.09%.</li>
<li>Given the large volumes at auction and the large moves on stocks, we cannot rule out the possibility that a lot of pre-positions were unwound at the close on Friday.</li>
</ul>


The Yuanta/P-shares Dividend Plus ETF (0056 TT) started to rebalance its holdings on Friday and will continue to do so for the next 4 trading days.
Stocks with buy flows dropped 1.82% on average on Friday while the stocks with sell flows rose 1.03%. On a flow weighted basis, the numbers were -2.01% vs +1.09%.
Given the large volumes at auction and the large moves on stocks, we cannot rule out the possibility that a lot of pre-positions were unwound at the close on Friday.


Yuanta/P-Shares Taiwan Dividend Plus ETF: Day 1 Flows & Performance

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.

Equity Bottom-Up

<ul>
<li>Good price momentum, relatively strong analyst recommendation, and capable of funding growth internally relative to its sector</li>
<li>With main plants and logistics centers in the thriving Yangtze River basin ACC is well positioned to leverage into current firm pricing in China, 2Q18 sales rose 38% YoY and gross profit margin expanded 11ppts</li>
<li>Profit growth to be supported by the combination of ongoing production restrictions by China’s government and the next 5-year plan for infrastructure building</li>
<li>Trades above Asian Materials at 18CE* 15.8x PE, in line with better earnings growth outlook</li>
<li>Risk: Vulnerable to any sudden pricing downturn</li>
</ul><p><em>* Consensus Estimates</em></p>


Good price momentum, relatively strong analyst recommendation, and capable of funding growth internally relative to its sector
With main plants and logistics centers in the thriving Yangtze River basin ACC is well positioned to leverage into current firm pricing in China, 2Q18 sales rose 38% YoY and gross profit margin expanded 11ppts
Profit growth to be supported by the combination of ongoing production restrictions by China’s government and the next 5-year plan for infrastructure building
Trades above Asian Materials at 18CE* 15.8x PE, in line with better earnings growth outlook
Risk: Vulnerable to any sudden pricing downturn
* Consensus Estimates

ACC (1102 TT): Good Momentum in Taiwan’s No. 2 Cement Producer

Taiwan

U-Ming Marine Transport Corporation operates in the tramp shipping business. The Company mainly ships bulk raw materials such as iron ore, coal, grains, and cement.

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U Ming Marine Transport Corp (2606 TT)

Yuanta/P-Shares Taiwan Dividend Plus ETF: Day 1 Flows & Performance

The Yuanta/P-shares Dividend Plus ETF (0056 TT) started to rebalance its holdings on Friday and will continue to do so for the next 4 trading days....

Brian Freitas

ACC (1102 TT): Good Momentum in Taiwan’s No. 2 Cement Producer

Good price momentum, relatively strong analyst recommendation, and capable of funding growth internally relative to its sector With main plants...

A. Stotz Investment Research

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