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.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 26th. The aggregated holding was USD2,204.5bn.</li>
<li>We estimate that foreign flows to be outflows of USD8,550mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, Winbond Electronics, Hon Hai Precision, ASE Industrial, King Yuan Electronics.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 26th. The aggregated holding was USD2,204.5bn.
We estimate that foreign flows to be outflows of USD8,550mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, Winbond Electronics, Hon Hai Precision, ASE Industrial, King Yuan Electronics.


TWSE Foreign Holding Weekly (Jun 26th): TSMC, Winbond Electronics, Hon Hai Precision, ASE Industrial

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jun 26th. The aggregated short interest was USD45.1bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Shin Kong Financial, King Yuan Electronics, Powerchip Semiconductor Manufacturing, Innolux, China Steel.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jun 26th. The aggregated short interest was USD45.1bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Shin Kong Financial, King Yuan Electronics, Powerchip Semiconductor Manufacturing, Innolux, China Steel.


TWSE Short Interest Weekly (Jun 26th): Shin Kong Financial, King Yuan Electronics, Innolux

APAC IPOs & Placements, Aequitas Research

Akshat Shah

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Alchip Technologies / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/alchip-technologies-ltd" target="_blank" data-smartkarma-citation="entities:20219:1" rel="noopener">Alchip Technologies (3661 TT)</a> is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.</li>
<li>Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.</li>
<li>In this note, we run the deal through our ECM framework and comment on deal dynamics.</li>
</ul>



Alchip Technologies (3661 TT) is looking to raise around US$895m, selling 420m shares (28m GDRs) via a GDR offering.
Similar to previous GDR listings, the firm has undergone a long drawn out process prior to launching the deal, having to jump through a number of board/shareholder/regulatory approval loops.
In this note, we run the deal through our ECM framework and comment on deal dynamics.


Aequitas: Alchip Technologies - Well Flagged US$515m GDR Offering; Shares Have Traded Down Recently

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 18th. The aggregated holding was USD2,322.4bn.</li>
<li>We estimate that foreign flows to be inflows of USD2,726mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Nanya Technology, Powerchip Semiconductor Manufacturing, Global Unichip, MediaTek, ASE Industrial.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 18th. The aggregated holding was USD2,322.4bn.
We estimate that foreign flows to be inflows of USD2,726mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Nanya Technology, Powerchip Semiconductor Manufacturing, Global Unichip, MediaTek, ASE Industrial.


TWSE Foreign Holding Weekly (Jun 18th): Nanya Technology, Powerchip Semiconductor Manufacturing

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 12th. The aggregated holding was USD2,215.6bn.</li>
<li>We estimate that foreign flows to be outflows of USD9,356mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, MediaTek, Yageo, Quanta Computer, Delta Electronics.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 12th. The aggregated holding was USD2,215.6bn.
We estimate that foreign flows to be outflows of USD9,356mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, MediaTek, Yageo, Quanta Computer, Delta Electronics.


TWSE Foreign Holding Weekly (Jun 12th): TSMC, MediaTek, Yageo, Quanta Computer, Delta Electronics

Taiwan

Wistron Corporation manufactures and markets notebook computers, personal computers, and other related information products.

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Wistron Corp (3231 TT)

TWSE Foreign Holding Weekly (Jun 26th): TSMC, Winbond Electronics, Hon Hai Precision, ASE Industrial

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Winbond Electronics, Hon Hai Precision,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jun 26th): Shin Kong Financial, King Yuan Electronics, Innolux

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Shin Kong Financial (2888 TT), King Yuan...

Ke Yan, CFA, FRM

Aequitas: Alchip Technologies - Well Flagged US$515m GDR Offering; Shares Have Traded Down Recently

Alchip Technologies (3661 TT) Alchip is looking to raise up to US$515m, selling 4m shares (4m GDRs) via a GDR offering, with the proceeds to be...

Akshat Shah

TWSE Foreign Holding Weekly (Jun 18th): Nanya Technology, Powerchip Semiconductor Manufacturing

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Nanya Technology, Powerchip Semiconductor...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Jun 12th): TSMC, MediaTek, Yageo, Quanta Computer, Delta Electronics

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, MediaTek, Yageo, Quanta Computer, Delta...

Ke Yan, CFA, FRM

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52-week Range

Market Cap (USDm)

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