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>The review period for a bunch of indices ended last week though the announcement of the changes will take 4-6 weeks.</li>
<li>There are no rebalance implementations in the coming week though focus will move to the implementation of the <a href="https://www.smartkarma.com/entities/housing-development-finance" target="_blank" data-smartkarma-citation="entities:252:1" rel="noopener">HDFC Limited</a>/ <a href="https://www.smartkarma.com/entities/hdfc-bank-ltd-4b6b7a92-9087-468d-9dbe-ab169e77f014" target="_blank" data-smartkarma-citation="entities:558:1" rel="noopener">HDFC Bank</a> merger and index changes the following week.</li>
<li>There were big inflows to China focused ETF with a lot of money going into Semiconductor and Chip focused ETFs.</li>
</ul>


The review period for a bunch of indices ended last week though the announcement of the changes will take 4-6 weeks.
There are no rebalance implementations in the coming week though focus will move to the implementation of the HDFC Limited/ HDFC Bank merger and index changes the following week.
There were big inflows to China focused ETF with a lot of money going into Semiconductor and Chip focused ETFs.


Index Rebalance & ETF Flow Recap: KQ150, LQ45, PCOMP, HDFC/HDFCB, Delta Electronics, Redox IPO, AMFI

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

<ul>
<li>Hydro Lithium (formerly Korea Se Corp) is the top reserved issue in INDUSTRIALS and will get to replace NICE IS as a result of the KOSPI transfer listing.  </li>
<li>The most significant price movements occur when the index corporate action announcement is made. However, some investors hunt for this pattern, as observed in the case of Youlchon Chemical.</li>
<li>Hence, it's worth considering an earlier entry timing. To minimize uncertainty, it's vital to keep an eye on the preemptive price increase of Hydro Lithium before KRX's approval.</li>
</ul>


Hydro Lithium (formerly Korea Se Corp) is the top reserved issue in INDUSTRIALS and will get to replace NICE IS as a result of the KOSPI transfer listing.  
The most significant price movements occur when the index corporate action announcement is made. However, some investors hunt for this pattern, as observed in the case of Youlchon Chemical.
Hence, it's worth considering an earlier entry timing. To minimize uncertainty, it's vital to keep an eye on the preemptive price increase of Hydro Lithium before KRX's approval.


Early Preview of KOSDAQ 150 Ad-Hoc Change in July: Hydro Lithium Will Replace NICE IS

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<ul>
<li>We discuss the end of the mandatory lock-up periods for 46 stocks in Korea in May 2023, among which 4 are in KOSPI and 42 are in KOSDAQ.</li>
<li>These 46 stocks on average could be subject to further selling pressures in May and could underperform relative to the market. </li>
<li>Among these 46 stocks, the top 6 market cap stocks include KG Mobility, Dongwon Industries, Hugel, Yunsung F&amp;C, Enchem, and Jeio. </li>
</ul>


We discuss the end of the mandatory lock-up periods for 46 stocks in Korea in May 2023, among which 4 are in KOSPI and 42 are in KOSDAQ.
These 46 stocks on average could be subject to further selling pressures in May and could underperform relative to the market. 
Among these 46 stocks, the top 6 market cap stocks include KG Mobility, Dongwon Industries, Hugel, Yunsung F&amp;C, Enchem, and Jeio. 


End of Mandatory Lock-Up Periods for 46 Companies in Korea in May 2023

Cross Asset Strategy

<ul>
<li>We discuss the end of the mandatory lock-up periods for 52 stocks in Korea in April 2023, among which 4 are in KOSPI and 48 are in KOSDAQ.</li>
<li>These 52 stocks on average could be subject to further selling pressures in April and could underperform relative to the market. </li>
<li>Among these 52 stocks, the top 5 market cap stocks include Ssangyong Motor (003620 KS), Classys (214150 KS), Jeio (418550 KS), EN Plus (074610 KS), and Nano TIM (417010 KS).</li>
</ul>


We discuss the end of the mandatory lock-up periods for 52 stocks in Korea in April 2023, among which 4 are in KOSPI and 48 are in KOSDAQ.
These 52 stocks on average could be subject to further selling pressures in April and could underperform relative to the market. 
Among these 52 stocks, the top 5 market cap stocks include Ssangyong Motor (003620 KS), Classys (214150 KS), Jeio (418550 KS), EN Plus (074610 KS), and Nano TIM (417010 KS).


End of Mandatory Lock-Up Periods for 52 Companies in Korea in April 2023

<ul>
<li>We discuss end of the mandatory lock-up periods for 35 stocks in Korea in March 2023, among which 8 are in KOSPI and 27 are in KOSDAQ.</li>
<li>These 35 stocks on average could be subject to further selling pressures in March and could underperform relative to the market. </li>
<li>Among these 35 stocks, the top 5 market cap stocks include Nh Investment &amp; Securities, WCP, Bionote, Jeio, and Dreamtech. </li>
</ul>


We discuss end of the mandatory lock-up periods for 35 stocks in Korea in March 2023, among which 8 are in KOSPI and 27 are in KOSDAQ.
These 35 stocks on average could be subject to further selling pressures in March and could underperform relative to the market. 
Among these 35 stocks, the top 5 market cap stocks include Nh Investment &amp; Securities, WCP, Bionote, Jeio, and Dreamtech. 


End of Mandatory Lock-Up Periods for 35 Companies in Korea in March 2023

South Korea

Jeio Co., Ltd. manufactures and distributes materials inspection, measurement and analysis instruments. The Company produces secondary batteries carbon nanotube conductive materials, advanced nano materials, secondary battery materials, physicochemical equipment, reactors, and other related products. Jeio also offers plant engineering, fine chemicals, and petrochemicals products.

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Jeio (418550 KS)

Index Rebalance & ETF Flow Recap: KQ150, LQ45, PCOMP, HDFC/HDFCB, Delta Electronics, Redox IPO, AMFI

This recap highlights Insights covering Asian index rebalances (announcements/ forecasts/ IPO Fast Entry/ M&A driven changes). We also highlight...

Brian Freitas

Early Preview of KOSDAQ 150 Ad-Hoc Change in July: Hydro Lithium Will Replace NICE IS

This post examines the possible ad-hoc change for KOSDAQ 150 in July, necessitated by NICE Information Service's KOSPI transfer listing.

Sanghyun Park

End of Mandatory Lock-Up Periods for 46 Companies in Korea in May 2023

We discuss the end of the mandatory lock-up periods for 46 stocks in Korea in May 2023, among which 4 are in KOSPI and 42 are in KOSDAQ.

Douglas Kim

End of Mandatory Lock-Up Periods for 52 Companies in Korea in April 2023

We discuss the end of the mandatory lock-up periods for 52 stocks in Korea in April 2023, among which 4 are in KOSPI and 48 are in KOSDAQ.

Douglas Kim

End of Mandatory Lock-Up Periods for 35 Companies in Korea in March 2023

We discuss end of the mandatory lock-up periods for 35 stocks in Korea in March 2023, among which 8 are in KOSPI and 27 are in KOSDAQ.

Douglas Kim

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)