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

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

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/arm-holdings-inc" target="_blank" data-smartkarma-citation="entities:21816:1" rel="noopener">ARM Holdings (ARM US)</a> will replace <a href="https://www.smartkarma.com/entities/sirius-xm-holdings-inc" target="_blank" data-smartkarma-citation="entities:1374:1" rel="noopener">Sirius Xm Holdings (SIRI US)</a> in the <a href="https://www.smartkarma.com/entities/nasdaq-100-stock-index" target="_blank" data-smartkarma-citation="entities:26197:1" rel="noopener">Nasdaq-100 Stock Index (NDX INDEX)</a> after the close of trading on 21 June.</li>
<li>Passive trackers will need to buy just over US$500m of <a href="https://www.smartkarma.com/entities/arm-holdings-inc" target="_blank" data-smartkarma-citation="entities:21816:1" rel="noopener">ARM Holdings (ARM US)</a> while the estimated selling in <a href="https://www.smartkarma.com/entities/sirius-xm-holdings-inc" target="_blank" data-smartkarma-citation="entities:1374:1" rel="noopener">Sirius Xm Holdings (SIRI US)</a> is smaller.</li>
<li>There could be passive selling in <a href="https://www.smartkarma.com/entities/nvidia-corp" target="_blank" data-smartkarma-citation="entities:5891:1" rel="noopener">NVIDIA Corp (NVDA US)</a>, but this will be a lot smaller than the expected buying from the <a href="https://www.smartkarma.com/entities/technology-select-sector-spdr" target="_blank" data-smartkarma-citation="entities:27543:1" rel="noopener">Technology Select Sector SPDR (XLK US)</a> ETF.</li>
</ul>



ARM Holdings (ARM US) will replace Sirius Xm Holdings (SIRI US) in the Nasdaq-100 Stock Index (NDX INDEX) after the close of trading on 21 June.
Passive trackers will need to buy just over US$500m of ARM Holdings (ARM US) while the estimated selling in Sirius Xm Holdings (SIRI US) is smaller.
There could be passive selling in NVIDIA Corp (NVDA US), but this will be a lot smaller than the expected buying from the Technology Select Sector SPDR (XLK US) ETF.


NASDAQ 100 Index Rebalance: Arm Holdings Replaces Sirius XM

APAC IPOs & Placements, Aequitas Research

Ethan Aw

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

Webtoon Entertainment / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/webtoon-entertainment-inc" target="_blank" data-smartkarma-citation="entities:43652:1" rel="noopener">Webtoon Entertainment (WBTN US)</a> is looking to raise up to US$500m in its US IPO.</li>
<li>Webtoon Entertainment is a global storytelling platform where a community of creators and users discover, create and share new content.</li>
<li>In this note, we talk about the not-so-positive aspects of the deal.</li>
</ul>



Webtoon Entertainment (WBTN US) is looking to raise up to US$500m in its US IPO.
Webtoon Entertainment is a global storytelling platform where a community of creators and users discover, create and share new content.
In this note, we talk about the not-so-positive aspects of the deal.


Webtoon Entertainment Pre-IPO - The Negatives - Korea Revenue Declined, JP Acquisition to the Rescue

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

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

Thematic (Sector/Industry)

<ul>
<li>Nvidia's stock soars 15%, aiming to make shares more accessible</li>
<li>TotalEnergies invests £450 million in UK power plant, enhancing renewables</li>
<li>Consolidation trend observed in Singapore's office market amid tech shifts</li>
</ul>


Nvidia's stock soars 15%, aiming to make shares more accessible
TotalEnergies invests £450 million in UK power plant, enhancing renewables
Consolidation trend observed in Singapore's office market amid tech shifts


#12Business Buzz: Nvidia's Stock Split, TotalEnergies' UK Power Play, Tencent's Singapore Shift

<ul>
<li>
<a href="https://www.smartkarma.com/entities/webtoon-entertainment-inc" target="_blank" data-smartkarma-citation="entities:43652:1" rel="noopener">Webtoon Entertainment (WBTN US)</a> is looking to raise up to US$500m in its US IPO.</li>
<li>Webtoon Entertainment is a global storytelling platform where a community of creators and users discover, create and share new content. </li>
<li>In this note, we talk about the positive aspects of the deal.</li>
</ul>



Webtoon Entertainment (WBTN US) is looking to raise up to US$500m in its US IPO.
Webtoon Entertainment is a global storytelling platform where a community of creators and users discover, create and share new content. 
In this note, we talk about the positive aspects of the deal.


Webtoon Entertainment Pre-IPO - The Positives - Just Turned Profitable

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

<ul>
<li>Alipay will come out of its placement linked lockup for its remaining stake in <a href="https://www.smartkarma.com/entities/kakaopay-corp" target="_blank" data-smartkarma-citation="entities:29675:1" rel="noopener">Kakaopay (377300 KS)</a> today.</li>
<li>Alipay (i.e. <a href="https://www.smartkarma.com/entities/alibaba-group-holding-ltd-d7b798e2-202d-4e01-9a1e-799e2ae8f0c7" target="_blank" data-smartkarma-citation="entities:28434:1" rel="noopener">Alibaba Group (9988 HK)</a>) had earlier sold some of its stake in Jun 2022 and Mar 2024. It still has over US$1bn worth of shares left to sell.</li>
<li>In this note, we talk about the deal dynamics and run the deal through our ECM framework.</li>
</ul>


Alipay will come out of its placement linked lockup for its remaining stake in Kakaopay (377300 KS) today.
Alipay (i.e. Alibaba Group (9988 HK)) had earlier sold some of its stake in Jun 2022 and Mar 2024. It still has over US$1bn worth of shares left to sell.
In this note, we talk about the deal dynamics and run the deal through our ECM framework.


Kakao Pay Lockup Expiry - US$1bn Overhang from Alipay

Japan

SoftBank Group Corp. provides telecommunication services. The Company also operates ADSL (Asymmetric Digital Subscriber Line) and fiber optic high-speed Internet connection, e-Commerce businesses, and Internet based advertising and auction businesses.

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Softbank Group (9984 JP)

NASDAQ 100 Index Rebalance: Arm Holdings Replaces Sirius XM

Arm Holdings will replace Sirius XM in the Nasdaq100 at the close on 21 June. There is positioning in both stocks and some of that was likely...

Brian Freitas

Webtoon Entertainment Pre-IPO - The Negatives - Korea Revenue Declined, JP Acquisition to the Rescue

Webtoon Entertainment (WBTN US) is looking to raise up to US$500m in its US IPO. In this note, we talk about the not-so-positive aspects of the deal.

Ethan Aw

#12Business Buzz: Nvidia's Stock Split, TotalEnergies' UK Power Play, Tencent's Singapore Shift

Nvidia's stock surges, TotalEnergies invests in UK renewables, and Singapore's office market sees consolidation due to tech changes.

Nimish Maheshwari

Webtoon Entertainment Pre-IPO - The Positives - Just Turned Profitable

Webtoon Entertainment (WBTN US) is looking to raise up to US$500m in its US IPO. In this note, we talk about the positive aspects of the deal.

Ethan Aw

Kakao Pay Lockup Expiry - US$1bn Overhang from Alipay

Alipay will come out of its placement linked lockup for its remaining stake in Kakaopay (377300 KS) today. Alipay will once again be free to...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

NASDAQ 100 Index Rebalance: Arm Holdings Replaces Sirius XM

Arm Holdings will replace Sirius XM in the Nasdaq100 at the close on 21 June. There is positioning in both stocks and some of that was likely...

Brian Freitas

Webtoon Entertainment Pre-IPO - The Negatives - Korea Revenue Declined, JP Acquisition to the Rescue

Webtoon Entertainment (WBTN US) is looking to raise up to US$500m in its US IPO. In this note, we talk about the not-so-positive aspects of the deal.

Ethan Aw

#12Business Buzz: Nvidia's Stock Split, TotalEnergies' UK Power Play, Tencent's Singapore Shift

​Nvidia's stock surges, TotalEnergies invests in UK renewables, and Singapore's office market sees consolidation due to tech changes.

Nimish Maheshwari

Webtoon Entertainment Pre-IPO - The Positives - Just Turned Profitable

Webtoon Entertainment (WBTN US) is looking to raise up to US$500m in its US IPO. In this note, we talk about the positive aspects of the deal.

Ethan Aw

Kakao Pay Lockup Expiry - US$1bn Overhang from Alipay

Alipay will come out of its placement linked lockup for its remaining stake in Kakaopay (377300 KS) today. Alipay will once again be free to...

Sumeet Singh

Nvidia's stock surges, TotalEnergies invests in UK renewables, and Singapore's office market sees consolidation due to tech changes.