Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

MS&AD Insurance Group Holdings, Inc. is a holding company established through reorganization of Mitsui Sumitomo Insurance Company, Limited.  The Group writes marine, fire, casualty, automobile, life, and allied insurance policies. MS&AD Insurance Group also operates financial services and agencies.

<ul>
<li>TSE-Listed companies are asked to file "Management Conscious of Capital Cost/Stock Price" awareness reports/policies. Many have. Some are still working on it. And policies change, and CGR reports are updated.</li>
<li>611 new CGRs filed since 1-Mar-25. Our tools show every report, links to every document, and a diff file tool. Input a name, see the changes in the reports.</li>
<li>The JPX was curiously quiet itself as far as I can tell. No new governance reports, documents, etc, though there is a small <a href="https://www.jpx.co.jp/english/markets/indices/governance/index-consultation/sjcobq0000013b0b-att/e_consultation13_a1.pdf" target="_blank" rel="noopener">consultation</a> this month on the JPXNikkei400.</li>
</ul>


TSE-Listed companies are asked to file "Management Conscious of Capital Cost/Stock Price" awareness reports/policies. Many have. Some are still working on it. And policies change, and CGR reports are updated.
611 new CGRs filed since 1-Mar-25. Our tools show every report, links to every document, and a diff file tool. Input a name, see the changes in the reports.
The JPX was curiously quiet itself as far as I can tell. No new governance reports, documents, etc, though there is a small consultation this month on the JPXNikkei400.


Japan CorpGovReports: TSE "Mgmt Conscious Blah Blah" (Apr25), 🚨 AGAIN Read TSE Update Doc 3 🚨

Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Research Coverage on Small and Micro-Cap Companies

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Equity Bottom-Up

Spectral AI, Inc. operates as a predictive AI company. The Company focuses on medical diagnostics for faster and more accurate treatment decisions in wound care for burn, DFU, and future clinical applications. Spectral AI serves customers in the United States.

<ul><li>Spectral AI is developing an AI-guided predictive medical device that employs multispectral imaging (MSI) to estimate a wound's capacity to heal.</li><li>The company is pursuing indications in burn and diabetic foot ulcers (DFUs) with the former receiving support from BARDA & other government agencies.</li><li>Spectral is distinguished by its combination of MSI and AI to improve diagnoses.</li></ul>

Spectral AI is developing an AI-guided predictive medical device that employs multispectral imaging (MSI) to estimate a wound's capacity to heal.The company is pursuing indications in burn and diabetic foot ulcers (DFUs) with the former receiving support from BARDA & other government agencies.Spectral is distinguished by its combination of MSI and AI to improve diagnoses.

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Thematic (Sector/Industry)

<ul><li>The combined 1Q25E net profit of the six banks under our coverage is expected at Bt44bn, a slight increase YoY due to lower provisioning being offset by weaker loan portfolios and narrower NIM.</li><li>However, it should improve QoQ, bolstered by a recovery in loan growth along with lower provisions and expenses.</li><li>We maintain an Overweight rating on the banking sector, expecting credit costs to normalize. </li></ul>

The combined 1Q25E net profit of the six banks under our coverage is expected at Bt44bn, a slight increase YoY due to lower provisioning being offset by weaker loan portfolios and narrower NIM.However, it should improve QoQ, bolstered by a recovery in loan growth along with lower provisions and expenses.We maintain an Overweight rating on the banking sector, expecting credit costs to normalize. 

Banking - Expect 1Q25E Banking Sector Profit to Increase YoY and QoQ

Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Shin Kong Financial Holding / Event-Driven

Shin Kong Financial Holding Co., Ltd. is a holding company.  Through its subsidiaries, the Company provides traditional life, health, group and accident insurance products and services, as well as acts as a broker, dealer and underwriter for financial securities.

<ul>
<li>The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange (TWSE). The T100 index represents the next 100 largest names (51-150 ranks).</li>
<li>In this insight, we take a look at the potential ADDs and DELs for the June 2025 index rebal event.</li>
<li>Currently, we see one change for T50 and one change for T100.</li>
</ul>


The T50 index represents the top 50 largest stocks by market capitalization in the Taiwan Stock Exchange (TWSE). The T100 index represents the next 100 largest names (51-150 ranks).
In this insight, we take a look at the potential ADDs and DELs for the June 2025 index rebal event.
Currently, we see one change for T50 and one change for T100.


Quiddity Leaderboard T50/​​​100 Jun25: Taishin-Shin Kong Merger Could Cause Two Changes

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>India's thriving trade relationship with the US has come under scrutiny following the announcement of the Reciprocal Tariff Plan by the US administration.</li>
<li>As the world's largest economy considers levelling tariff imbalances with trade partners, India — despite enjoying a trade surplus — faces only moderate risk. </li>
<li>Here's a detailed look into the numbers, categories, and sectors that matter</li>
</ul>


India's thriving trade relationship with the US has come under scrutiny following the announcement of the Reciprocal Tariff Plan by the US administration.
As the world's largest economy considers levelling tariff imbalances with trade partners, India — despite enjoying a trade surplus — faces only moderate risk. 
Here's a detailed look into the numbers, categories, and sectors that matter


Thematic Report : India–US Trade; Assessing the Impact of Reciprocal Tariffs on Indian Exports

Bullish Banks
Closing that Underweight

Japan CorpGovReports: TSE "Mgmt Conscious Blah Blah" (Apr25), 🚨 AGAIN Read TSE Update Doc 3 🚨

The TSE Management Awareness of Cost of Capital and Share Price saw 611 new Corporate Governance Reports in the last the month. This is a tool to...

Travis Lundy

MDAI: 2024 Results

Spectral AI is developing an AI-guided predictive medical device that employs multispectral imaging (MSI) to estimate a wound's capacity to...

Zacks Small Cap Research

Banking - Expect 1Q25E Banking Sector Profit to Increase YoY and QoQ

The combined 1Q25E net profit of the six banks under our coverage is expected at Bt44bn, a slight increase YoY due to lower provisioning being...

Krungthai XSpring

Quiddity Leaderboard T50/100 Jun25: Taishin-Shin Kong Merger Could Cause Two Changes

Shin Kong could get added to T50 in June and then get deleted from T50 in July when the Taishin-Shin Kong merger becomes effective. This could...

Janaghan Jeyakumar, CFA

Thematic Report : India–US Trade; Assessing the Impact of Reciprocal Tariffs on Indian Exports

India's trade relationship with the US faces scrutiny with the Reciprocal Tariff Plan, but India's moderate risk due to trade surplus is analyzed...

Sudarshan Bhandari

Japan CorpGovReports: TSE "Mgmt Conscious Blah Blah" (Apr25), 🚨 AGAIN Read TSE Update Doc 3 🚨

The TSE Management Awareness of Cost of Capital and Share Price saw 611 new Corporate Governance Reports in the last the month. This is a tool to...

Travis Lundy

MDAI: 2024 Results

Spectral AI is developing an AI-guided predictive medical device that employs multispectral imaging (MSI) to estimate a wound's capacity to...

Zacks Small Cap Research

Banking - Expect 1Q25E Banking Sector Profit to Increase YoY and QoQ

The combined 1Q25E net profit of the six banks under our coverage is expected at Bt44bn, a slight increase YoY due to lower provisioning being...

Krungthai XSpring

Quiddity Leaderboard T50/​​​100 Jun25: Taishin-Shin Kong Merger Could Cause Two Changes

Shin Kong could get added to T50 in June and then get deleted from T50 in July when the Taishin-Shin Kong merger becomes effective. This could...

Janaghan Jeyakumar, CFA

Thematic Report : India–US Trade; Assessing the Impact of Reciprocal Tariffs on Indian Exports

​India's trade relationship with the US faces scrutiny with the Reciprocal Tariff Plan, but India's moderate risk due to trade surplus is analyzed...

Sudarshan Bhandari

Quiddity Leaderboard T50/100 Jun25: Taishin-Shin Kong Merger Could Cause Two Changes

India's trade relationship with the US faces scrutiny with the Reciprocal Tariff Plan, but India's moderate risk due to trade surplus is analyzed...