Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Kingboard (1888 HK) Vs Kingboard (148 HK) Tactical Outlook: The Subsidiary Premium Is Unwinding

WuXi AppTec (2359 HK) Placement: Strong Momentum & Index Flows

China Hongqiao (1378 HK): Index Impact of US$1.2bn Placement

Kingboard Laminates (1888 HK): New High; Global Index Inclusion; RV Trade

COSCO Shipping Energy (1138 HK): Global Index Inclusion & The A/H Premium

Global Index: Potential Changes in February for Asia Pac

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>
<a href="https://www.smartkarma.com/entities/kingboard-holdings-limited" target="_blank" data-smartkarma-citation="entities:8122:1" rel="noopener">Kingboard (148 HK)</a> is looking to sell 155m shares of <a href="https://www.smartkarma.com/entities/kingboard-laminates-holdings-limited" target="_blank" data-smartkarma-citation="entities:10276:1" rel="noopener">Kingboard Laminates (1888 HK)</a> at a price range of HK$75.6-77.7/share, a discount of 9.5-12% to the last close.</li>
<li>At the current placement size, there could be passive buying from trackers of one global index. A small increase in the placement size could result in more passive buying.</li>
<li>Short interest has soared in the stock, and some shorts will be looking to stem the bleeding by subscribing to the placement.</li>
</ul>



Kingboard (148 HK) is looking to sell 155m shares of Kingboard Laminates (1888 HK) at a price range of HK$75.6-77.7/share, a discount of 9.5-12% to the last close.
At the current placement size, there could be passive buying from trackers of one global index. A small increase in the placement size could result in more passive buying.
Short interest has soared in the stock, and some shorts will be looking to stem the bleeding by subscribing to the placement.


Hang Seng China Enterprises Index (HSCEI INDEX)

Kingboard Laminates (1888 HK): Placement Will Bail Out Shorts; Index Implications