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 flow expectations for the March 2024 index rebal event.</li>
<li>Today is the base date for the March 2024 index rebalance. Based on the closing prices today, I expect one DEL for the TDIV index in March 2024.</li>
<li>Separately, I also expect the AUM assumption to be revised in March 2024.</li>
</ul>


In this insight, we take a look at Quiddity's flow expectations for the March 2024 index rebal event.
Today is the base date for the March 2024 index rebalance. Based on the closing prices today, I expect one DEL for the TDIV index in March 2024.
Separately, I also expect the AUM assumption to be revised in March 2024.


Quiddity Leaderboard TDIV Mar 24: 8 Days to Sell in Bizlink

<ul>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for the T50 and T100 Indices for the March 2024 index rebal event.</li>
<li>I expect one change for the T50 index and two other changes for the T100 index.</li>
<li>The two T100 expected DELs are special because one could be a surprise deletion due to liquidity test failure and the other one is TDIV member with significant flow implications.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the T50 and T100 Indices for the March 2024 index rebal event.
I expect one change for the T50 index and two other changes for the T100 index.
The two T100 expected DELs are special because one could be a surprise deletion due to liquidity test failure and the other one is TDIV member with significant flow implications.


Quiddity Leaderboard T50/​​​100 Mar 24: Bizlink TDIV DEL; Foxtron's Futile Rally; One More Surprise

<ul>
<li>In this insight, we take a look at Quiddity's flow expectations for the March 2024 index rebal event.</li>
<li>Based on current data, I expect there to be one DEL for the TDIV index in March. I also expect the AUM assumption to change.</li>
<li>According to my calculations, these changes could collectively trigger index flows of ~US$150mn one-way resulting in some index members expected to have multiple days of volume to trade.</li>
</ul>


In this insight, we take a look at Quiddity's flow expectations for the March 2024 index rebal event.
Based on current data, I expect there to be one DEL for the TDIV index in March. I also expect the AUM assumption to change.
According to my calculations, these changes could collectively trigger index flows of ~US$150mn one-way resulting in some index members expected to have multiple days of volume to trade.


Quiddity Leaderboard TDIV Mar 24: Potential DEL and AUM Assumption Change to Trigger Index Flows

<ul>
<li>In this insight, we take a look at the names leading the race to become ADDs/DELs for the T50 and T100 Indices for the March 2024 Index Rebalance.</li>
<li>As things stand, I see one change for the T50 index and one more change for the T100 index.</li>
<li>TDIV member <a href="https://www.smartkarma.com/entities/bizlink-holding-inc" target="_blank" data-smartkarma-citation="entities:6779:1" rel="noopener">Bizlink Holding (3665 TT)</a> is very close to getting deleted from the T100 index and that could have significant TDIV flow implications too.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the T50 and T100 Indices for the March 2024 Index Rebalance.
As things stand, I see one change for the T50 index and one more change for the T100 index.
TDIV member Bizlink Holding (3665 TT) is very close to getting deleted from the T100 index and that could have significant TDIV flow implications too.


Quiddity Leaderboard T50/​​​100 Mar 24: Bizlink TDIV Deletion Very Close!

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

Taiwan Semiconductor (TSMC) - ADR / Equity Bottom-Up

<ul>
<li>Apple Increasing Chip Orders with TSMC -- Expecting iPhone 16 Sales to be Much Stronger Than iPhone 15 Thanks to AI</li>
<li>Google Said to be Shifting to TSMC from Samsung for Next Generation AI Mobile Phone Chips</li>
<li>This June 28th piece appears to be timely -- Memory Monitor: Micron's Shares May Be Falling But Results' Industry Implications Are Positive</li>
</ul>


Apple Increasing Chip Orders with TSMC -- Expecting iPhone 16 Sales to be Much Stronger Than iPhone 15 Thanks to AI
Google Said to be Shifting to TSMC from Samsung for Next Generation AI Mobile Phone Chips
This June 28th piece appears to be timely -- Memory Monitor: Micron's Shares May Be Falling But Results' Industry Implications Are Positive


Taiwan Tech Weekly: Apple Hikes TSMC Orders on Strong IPhone 16 Hopes; Google Shifts AI Chip to TSMC

Taiwan

Bizlink Holding Inc., manufactures connectors, cable assemblies, as well as wire harnesses. Their main products include HDMI connectors, display port connectors, solar cables, as well as halogen-free power cords.

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Bizlink Holding (3665 TT)

Quiddity Leaderboard TDIV Mar 24: 8 Days to Sell in Bizlink

There could be 8+ days of volume to sell in Bizlink if the expected T100 and TDIV deletions of the stock gets confirmed. I expect the stock to...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/100 Mar 24: Bizlink TDIV DEL; Foxtron's Futile Rally; One More Surprise

Bizlink is a TDIV index member. If a TDIV index member gets deleted from the T50+T100 index universe, that name will also get deleted from the TDIV...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard TDIV Mar 24: Potential DEL and AUM Assumption Change to Trigger Index Flows

Bizlink Holding (3665 TT), Farglory Land Development (5522 TT), TA Chen Stainless Pipe (2027 TT), and King's Town Bank (2809 TT) are estimated to...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/100 Mar 24: Bizlink TDIV Deletion Very Close!

Alchip Technologies (3661 TT) could move from T100 to T50 and Feng Tay Enterprise (9910 TT) could move from T50 to T100.

Janaghan Jeyakumar, CFA

Taiwan Tech Weekly: Apple Hikes TSMC Orders on Strong IPhone 16 Hopes; Google Shifts AI Chip to TSMC

Apple and Google are increasing chip orders with TSMC for AI capabilities. Micron's shares inititially fell after reporting results previously,...

Vincent Fernando, CFA

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Quiddity Leaderboard TDIV Mar 24: 8 Days to Sell in Bizlink

There could be 8+ days of volume to sell in Bizlink if the expected T100 and TDIV deletions of the stock gets confirmed. I expect the stock to...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/​​​100 Mar 24: Bizlink TDIV DEL; Foxtron's Futile Rally; One More Surprise

Bizlink is a TDIV index member. If a TDIV index member gets deleted from the T50+T100 index universe, that name will also get deleted from the TDIV...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard TDIV Mar 24: Potential DEL and AUM Assumption Change to Trigger Index Flows

Bizlink Holding (3665 TT), Farglory Land Development (5522 TT), TA Chen Stainless Pipe (2027 TT), and King's Town Bank (2809 TT) are estimated to...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard T50/​​​100 Mar 24: Bizlink TDIV Deletion Very Close!

Alchip Technologies (3661 TT) could move from T100 to T50 and Feng Tay Enterprise (9910 TT) could move from T50 to T100.

Janaghan Jeyakumar, CFA

Taiwan Tech Weekly: Apple Hikes TSMC Orders on Strong IPhone 16 Hopes; Google Shifts AI Chip to TSMC

​Apple and Google are increasing chip orders with TSMC for AI capabilities. Micron's shares inititially fell after reporting results previously,...

Vincent Fernando, CFA

Quiddity Leaderboard T50/100 Mar 24: Bizlink TDIV DEL; Foxtron's Futile Rally; One More Surprise

Quiddity Leaderboard T50/100 Mar 24: Bizlink TDIV Deletion Very Close!

Apple and Google are increasing chip orders with TSMC for AI capabilities. Micron's shares inititially fell after reporting results previously,...