Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Pan-Asia Index Flows & Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

<ul>
<li>In this insight, we take a look at Quiddity's final predictions for index changes for UK's F100 and F250 indices for the March 2023 Rebalance.</li>
<li>The index changes are likely to be confirmed after market close today and there could be more intra-review changes later this month.</li>
<li>In this insight, we take a look at the recent price performance of names that can potentially be involved in index changes and our flow expectations for each name.</li>
</ul>


In this insight, we take a look at Quiddity's final predictions for index changes for UK's F100 and F250 indices for the March 2023 Rebalance.
The index changes are likely to be confirmed after market close today and there could be more intra-review changes later this month.
In this insight, we take a look at the recent price performance of names that can potentially be involved in index changes and our flow expectations for each name.


Quiddity Final Predictions for UK F100/250 March 2023 Regular Review & Other Intra-Review Changes

SPAC Deep Dive, subSPAC

subSPAC

SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

Equity Capital Markets

Sports Entertainment Acquisition / Equity Capital Markets

<ul>
<li>The rapid legalization of online gaming across the United States has resulted in a severely fragmented industry</li>
<li>Super Group, which largely operates in Europe, is set to debut soon through a SPAC merger with Sports Entertainment Acquisition Corp (SEAH), at a valuation of $5.14 billion</li>
<li>For those unfamiliar, Super Group operates online sports betting and gaming under the Betway and Spin brands</li>
</ul>


The rapid legalization of online gaming across the United States has resulted in a severely fragmented industry
Super Group, which largely operates in Europe, is set to debut soon through a SPAC merger with Sports Entertainment Acquisition Corp (SEAH), at a valuation of $5.14 billion
For those unfamiliar, Super Group operates online sports betting and gaming under the Betway and Spin brands


Can Super Group take the Crown from DraftKings?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>Major global indexes (MSCI ACWI, ACWI ex-US, EM, and EAFE) continue to hold above critical support levels and market dynamics remain largely positive. Until this changes, we believe global equities are headed higher in the coming weeks and months. Additionally, we are reiterating our overweight recommendations on small-caps and value as we believe outperformance from these areas is likely to continue.</p>

Major global indexes (MSCI ACWI, ACWI ex-US, EM, and EAFE) continue to hold above critical support levels and market dynamics remain largely positive. Until this changes, we believe global equities are headed higher in the coming weeks and months. Additionally, we are reiterating our overweight recommendations on small-caps and value as we believe outperformance from these areas is likely to continue.

Global Equity Strategy: Small-Caps and Value Stocks Remain in Focus

United Kingdom

Rank Group Plc is an international leisure and entertainment company.  The Company operates bingo clubs and casinos in the UK with complementary on-line gaming and bookmaking services.

Marston's PLC is an independent brewing and pub retailing company. The Company operates breweries and owns an estate of managed and tenanted pubs across the United Kingdom.

Fuller Smith & Turner P.L.C. brews beer, operates pubs, wholesales wines, and owns and operates hotels. The Company brews beer and ale for sale in its own pubs, free houses and hotels, as well as for export to the USA and Scandinavia. They operate over 200 pubs, many of which serve various types of food. Fuller's hotel portfolio consist of some seven locations in the United Kingdom.

Young & Co.?s Brewery, P.L.C. operates and manages pubs and hotels in the United Kingdom. It operates through three segments: Young?s Managed Houses, Geronimo Managed Houses, and Ram Pub Company. The company sells food and drinks, as well as provides accommodation services; and leases and sub leases its owned or leased pubs to third parties. As of March 28, 2016, it had 171 managed pubs, which included 22 hotels; and 80 tenancies. Young & Co.?s Brewery, P.L.C. was founded in 1831 and is headquartered in London, the United Kingdom.

International Hotel Investments plc owns and operates hotels.  The Company operates the Corinthia San Gorg Hotel, a five-star hotel in Malta, and the Corinthia Grand Hotel Royal, a luxury hotel in Budapest, Hungary.

Restaurant Group plc is an independent multi-site operator of branded restaurants and pub restaurants in the United Kingdom.  The Company's concessions division operates primarily at airports in the United Kingdom.

DP Poland Plc, through its subsidiary, DP Polska SA, develops and operates Domino?s Pizza stores under master franchise agreement in Poland. It also sub-franchises the right to develop and operate Domino?s Pizza stores. The company operates eight corporately managed Domino?s stores and eight sub-franchised stores in Warsaw; and four corporately managed stores in Krakow, two in Wroclaw, one in Gdansk, and one in Szczecin. DP Poland Plc is headquartered in Warsaw, Poland.

Nexteq PLC designs and manufactures gaming hardware and software solutions for the pay-for-play gaming and slot machine industry. The Company provides specialized gaming platforms designed specifically for gaming and slot machine applications.

The Fulham Shore PLC owns, operates, and manages restaurants in the United Kingdom. The company operates approximately 24 restaurants, including 9 restaurants under The Real Greek name and 15 restaurants under Franco Manca name. The company was founded in 2012 and is based in London, the United Kingdom.

Dignity PLC provides a range of funeral services, including funerals, funeral planning, and cremations.  The Company also manufactures coffins.

Hotel Grand Central Limited owns, operates, and manages hotels. The Company also collects rent, develops properties, and provides marketing and support services.

Stamford Land Corporation Limited is an investment holding company.  The Company owns and manages hotels and travel agencies.  Stamford Land Corporation also develops and invests in properties.

China Quanjude Group Company Ltd. owns and operates Peking roast duck restaurant chains.

GENKI SUSHI CO., LTD. operates revolving sushi bar chain "Genki Sushi", "Sushi Ondo", and "Senryo" in the Kanto area.  The Company also operates in the Tohoku area.

The Marcus Corporation operates in the lodging and entertainment industries. The Company's movie theater division owns or manages screens at locations in several states, as well as a family entertainment center.  Marcus' lodging division owns or manages hotels and resorts in several states, as well as a vacation club.

Magnum Berhad is a holding company. The Company, through its subsidiary, focuses on the gaming or numbers forecasting lottery business.

Delta Corp Limited a diversified business group having a presence in the entertainment and gaming, real estate business in India and Kenya. The Company's business includes offshore casinos, and real estate consulting & development.

Centurion Corporation Limited owns, develops and manages quality, purpose-built workers accommodation assets in Singapore and Malaysia, and purpose-built student accommodation assets in Singapore, Australia, the United Kingdom (“UK”), the United States (“US”) and South Korea.

Huatian Hotel Group Co., Ltd. operates a five-star hotel in Changsha, Hunan. The Company also provides related food, entertainment, and other services. Through its subsidiaries, Hunan Huatian develops computer software.

RINGER HUT CO., LTD. manages chain of noodle shops in Kyushu, Kansai, and Kanto area.  The restaurants mainly serves Nagasaki champon noodle.

888 Holdings PLC operates a gambling business.  The Company operates an Internet gaming website.

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888 holdings (888 LN)

Quiddity Final Predictions for UK F100/250 March 2023 Regular Review & Other Intra-Review Changes

I expect three changes in the regular review and two intra-review changes in March 2023 for the F250 index. I do not expect any changes for the...

Janaghan Jeyakumar, CFA

Can Super Group take the Crown from DraftKings?

Welcome to The Rundown! Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.Happy Sunday...

subSPAC

Global Equity Strategy: Small-Caps and Value Stocks Remain in Focus

We are reiterating our overweight recommendations on small-caps and value as we believe outperformance from these areas is likely to continue.

Vermilion Research

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