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>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>Today is the base date for the September 2024 index rebal event and the expected ADDs/DELs  discussed in this insight are our final index change expectations.</li>
<li>Separately, we also have a look at the T50/100 index implications of the <a href="https://www.smartkarma.com/entities/shin-kong-financial-holding" target="_blank" data-smartkarma-citation="entities:15351:1" rel="noopener">Shin Kong Financial Holding (2888 TT)</a> - <a href="https://www.smartkarma.com/entities/taishin-financial-holding" target="_blank" data-smartkarma-citation="entities:715:1" rel="noopener">Taishin Financial Holding (2887 TT)</a> merger situation.</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).
Today is the base date for the September 2024 index rebal event and the expected ADDs/DELs  discussed in this insight are our final index change expectations.
Separately, we also have a look at the T50/100 index implications of the Shin Kong Financial Holding (2888 TT) - Taishin Financial Holding (2887 TT) merger situation.


Quiddity Leaderboard T50/​​​100 Sep 24: Nuvoton Tech TDIV DEL Likely; Shin Kong M&A Consequences

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Aug 23rd which has an aggregated short interest worth USD20.4bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Ctbc Financial Holding, Micro-Star International, United Microelectronics Corporation, Wistron, Asia Vital Components, Evergreen Marine Corp Taiwan, Mega Financial Holding.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Aug 23rd which has an aggregated short interest worth USD20.4bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Ctbc Financial Holding, Micro-Star International, United Microelectronics Corporation, Wistron, Asia Vital Components, Evergreen Marine Corp Taiwan, Mega Financial Holding.


TWSE Short Interest Weekly (Aug 23rd): Ctbc Financial Holding, Micro-Star International

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 23rd which has an aggregated holding worth USD967.8bn.</li>
<li>We estimate that foreign flows to be outflows of USD186mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight foreign changes in Far Eastone Telecommunications, Taiwan Semiconductor Manufacturing, Ctbc Financial Holding.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Aug 23rd which has an aggregated holding worth USD967.8bn.
We estimate that foreign flows to be outflows of USD186mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight foreign changes in Far Eastone Telecommunications, Taiwan Semiconductor Manufacturing, Ctbc Financial Holding.


TWSE Foreign Holding Weekly (Aug 23rd): Far Eastone Telecommunications

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 26th which has an aggregated holding worth USD924.5bn.</li>
<li>We estimate that foreign flows to be outflows of USD1,653mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight foreign changes in Gigabyte Tech, TSMC, Quanta Computer, ASE, Mediatek.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Jul 26th which has an aggregated holding worth USD924.5bn.
We estimate that foreign flows to be outflows of USD1,653mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight foreign changes in Gigabyte Tech, TSMC, Quanta Computer, ASE, Mediatek.


TWSE Foreign Holding Weekly (Jul 26th): Gigabyte Tech, TSMC, Quanta Computer, ASE, Mediatek

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Jul 26th which has an aggregated short interest worth USD19.5bn.</li>
<li>We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Auo, Wiwynn, Yageo, Ctbc Financial, Global Unichip, Faraday Tech.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Jul 26th which has an aggregated short interest worth USD19.5bn.
We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Auo, Wiwynn, Yageo, Ctbc Financial, Global Unichip, Faraday Tech.


TWSE Short Interest Weekly (Jul 26th): Auo, Wiwynn, Ctbc Financial, Global Unichip, Faraday Tech

Taiwan

CTBC Financial Holding Company Ltd. is a holding company.  Through its subsidiaries, the Company provides a variety of banking and financial services, including deposit, loan, guarantee, international banking, trust banking, credit card, investment banking, safety deposit box, and Internet banking services.

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CTBC Financial Holding (2891 TT)

Quiddity Leaderboard T50/100 Sep 24: Nuvoton Tech TDIV DEL Likely; Shin Kong M&A Consequences

We expect Nuvoton Technology (4919 TT) to be deleted from the T100 index in September 2024. Since this name is a TDIV member, it is likely to be...

Janaghan Jeyakumar, CFA

TWSE Short Interest Weekly (Aug 23rd): Ctbc Financial Holding, Micro-Star International

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Ctbc Financial Holding, Micro-Star...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Aug 23rd): Far Eastone Telecommunications

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Far Eastone Telecommunications, Taiwan...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Jul 26th): Gigabyte Tech, TSMC, Quanta Computer, ASE, Mediatek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Gigabyte Tech, TSMC, Quanta Computer, ASE,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jul 26th): Auo, Wiwynn, Ctbc Financial, Global Unichip, Faraday Tech

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Auo, Wiwynn, Yageo, Ctbc Financial, Global...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Quiddity Leaderboard T50/​​​100 Sep 24: Nuvoton Tech TDIV DEL Likely; Shin Kong M&A Consequences

We expect Nuvoton Technology (4919 TT) to be deleted from the T100 index in September 2024. Since this name is a TDIV member, it is likely to be...

Janaghan Jeyakumar, CFA

TWSE Short Interest Weekly (Aug 23rd): Ctbc Financial Holding, Micro-Star International

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Ctbc Financial Holding, Micro-Star...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Aug 23rd): Far Eastone Telecommunications

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Far Eastone Telecommunications, Taiwan...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Jul 26th): Gigabyte Tech, TSMC, Quanta Computer, ASE, Mediatek

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in Gigabyte Tech, TSMC, Quanta Computer, ASE,...

Ke Yan, CFA, FRM

TWSE Short Interest Weekly (Jul 26th): Auo, Wiwynn, Ctbc Financial, Global Unichip, Faraday Tech

We analyzed TWSE short interest report for the past week and highlighted short interest changes in Auo, Wiwynn, Yageo, Ctbc Financial, Global...

Ke Yan, CFA, FRM

Quiddity Leaderboard T50/100 Sep 24: Nuvoton Tech TDIV DEL Likely; Shin Kong M&A Consequences