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 5th. The aggregated holding was USD2,282.9bn.</li>
<li>We estimate that foreign flows to be outflows of USD3,589mln. 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, UMC, Quanta Computer, MediaTek, Winbond Electronics.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jun 5th. The aggregated holding was USD2,282.9bn.
We estimate that foreign flows to be outflows of USD3,589mln. 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, UMC, Quanta Computer, MediaTek, Winbond Electronics.


TWSE Foreign Holding Weekly (Jun 5th): TSMC, UMC, Quanta Computer, MediaTek, Winbond Electronics

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jun 5th. The aggregated short interest was USD49.0bn.</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, TSMC, Compal Electronics, Catcher Technology, Fubon Financial.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jun 5th. The aggregated short interest was USD49.0bn.
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, TSMC, Compal Electronics, Catcher Technology, Fubon Financial.


TWSE Short Interest Weekly (Jun 5th): Shin Kong Financial, TSMC, Compal Electronics, Fubon Financial

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

WT Microelectronics / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/wt-microelectronics-co-ltd" target="_blank" data-smartkarma-citation="entities:19712:1" rel="noopener">WT Microelectronics (3036 TT)</a> (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.</li>
<li>In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.</li>
<li>Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



WT Microelectronics (3036 TT) (WT Micro) is looking to raise up to US$1bn in its upcoming GDR offering. The firm is also looking to raise another US$500m via convertible bonds.
In May 2026, WT Micro announced its board’s resolution to issue between 75-100m shares via a GDR offering, with proceeds earmarked to purchase overseas raw materials and repay bank loans.
Similar to previous GDR listings, the deal is a long drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of May 22nd. The aggregated holding was USD2,141.3bn.</li>
<li>We estimate that foreign flows to be outflows of USD826mln. 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, UMC, Compeq Manufacturing, Unimicron Technology.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of May 22nd. The aggregated holding was USD2,141.3bn.
We estimate that foreign flows to be outflows of USD826mln. 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, UMC, Compeq Manufacturing, Unimicron Technology.


TWSE Foreign Holding Weekly (May 22nd): TSMC, MediaTek, UMC, Compeq Manufacturing

Powerchip Semiconductor Manufa / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/powerchip-semiconductor-manufa" target="_blank" data-smartkarma-citation="entities:35299:1" rel="noopener">Powerchip Semiconductor Manufacturing (6770 TT)</a> is looking to raise around US$800m in its upcoming global depository receipts (GDR) offering.</li>
<li>Powerchip Semiconductor Manufacturing (PSMC) is a Taiwanese semiconductor foundry focused on memory chips, specialty DRAM and wafer fabrication services for logic and mixed-signal ICs.</li>
<li>Similar to previous GDR listings, the deal is a drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.</li>
</ul>



Powerchip Semiconductor Manufacturing (6770 TT) is looking to raise around US$800m in its upcoming global depository receipts (GDR) offering.
Powerchip Semiconductor Manufacturing (PSMC) is a Taiwanese semiconductor foundry focused on memory chips, specialty DRAM and wafer fabrication services for logic and mixed-signal ICs.
Similar to previous GDR listings, the deal is a drawn out process with the firm required to jump through a number of board/shareholder/regulatory approval loops.


Aequitas: Powerchip Semiconductor Manufacturing GDR Early Look - Well Flagged US$800m GDR Offering

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 5th): TSMC, UMC, Quanta Computer, MediaTek, Winbond Electronics

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

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jun 5th): Shin Kong Financial, TSMC, Compal Electronics, Fubon Financial

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Shin Kong Financial, TSMC, Compal Electronics,...

Ke Yan, CFA, FRM

Aequitas: WT Micro GDR Early Look - Revisiting the GDR Market Six Months Later Amid Strong Momentum

WT Microelectronics (WT Micro) is looking to raise up to US$1bn in its upcoming global depository receipts (GDRs) offering. The firm is also...

Akshat Shah

TWSE Foreign Holding Weekly (May 22nd): TSMC, MediaTek, UMC, Compeq Manufacturing

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, MediaTek, UMC, Compeq Manufacturing,...

Ke Yan, CFA, FRM

Aequitas: Powerchip Semiconductor Manufacturing GDR Early Look - Well Flagged US$800m GDR Offering

Powerchip Semiconductor Manufacturing (6770.TT) is looking to raise around US$800m in its upcoming GDR offering. On 28th Apr'26, it announced its...

Akshat Shah

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