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

Zhongji Innolight (3308 HK): Upcoming Index Inclusions Drive H-Shares to Premium Vs A-Shares

HSCI Index Rebalance Preview: Southbound Stock Connect Additions; Momenta Needs a Moment

HSTECH Index: Market Consultation Conclusions, Updated Potential Adds & The Borderline Names

CATL (300750 CH): Index Inclusion Post H-Share Listing

CATL (3750 HK) H-Share IPO: Fast Entry to Global Indices Is Touch & Go

Luxshare Precision (2475 HK): Index Inclusion Timeline for US$3.6bn Offering; Tighter H/A Discount

Victory Giant (2476 HK): Index Inclusion Timeline for US$3bn Offering; Big H/A Discount

Montage Technology (6809 HK): US$1bn Offering at a Near 50% Discount to A-Shares

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/zhongji-innolight-co-ltd" target="_blank" data-smartkarma-citation="entities:6986:1" rel="noopener">Zhongji Innolight (300308 CH)</a> could raise up to US$8.1bn in its H-share listing if the Overallotment Option is exercised. The H-shares are offered at a 23.3% discount to the A-shares.</li>
<li>There is a big allocation to cornerstone investors with a 6-month lockup. Fast Entry to global indices is still high probability, though early exercise of overallotment will help.</li>
<li>The H-shares should be added to Southbound Stock Connect from the open of trading on 27 August following the end of the Price Stabilisation period.</li>
</ul>



Zhongji Innolight (300308 CH) could raise up to US$8.1bn in its H-share listing if the Overallotment Option is exercised. The H-shares are offered at a 23.3% discount to the A-shares.
There is a big allocation to cornerstone investors with a 6-month lockup. Fast Entry to global indices is still high probability, though early exercise of overallotment will help.
The H-shares should be added to Southbound Stock Connect from the open of trading on 27 August following the end of the Price Stabilisation period.


Hang Seng China Enterprises Index (HSCEI INDEX)

Zhongji Innolight (3308 HK): (Fast) Global Index Inclusions Post H-Share Listing