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 the potential index changes for F100 and F250 in the run-up to the December 2023 Rebalance.</li>
<li>
<a href="https://www.smartkarma.com/entities/dechra-pharmaceuticals-plc" target="_blank" data-smartkarma-citation="entities:21908:1" rel="noopener">Dechra Pharmaceuticals (DPH LN)</a> and <a href="https://www.smartkarma.com/entities/network-international-holdings-plc" target="_blank" data-smartkarma-citation="entities:28918:1" rel="noopener">Network International Holdings (NETW LN)</a> are currently involved in takeover situations. When those deals close, intra-review changes can be triggered.</li>
<li>Including these changes, there could be up to one F100 change and seven F250 changes between now and the end of the year.</li>
</ul>


In this insight, we take a look at the potential index changes for F100 and F250 in the run-up to the December 2023 Rebalance.

Dechra Pharmaceuticals (DPH LN) and Network International Holdings (NETW LN) are currently involved in takeover situations. When those deals close, intra-review changes can be triggered.
Including these changes, there could be up to one F100 change and seven F250 changes between now and the end of the year.


Quiddity Leaderboard F100/​​​250 Dec 23: ~7 Changes Possible; LONG Playtech SHORT 888 Interesting

<ul>
<li>In this insight, we take a look at the potential index changes for F100 and F250 in the run up to the September 2023 Rebalance.</li>
<li>I expect four changes for F100 and seven changes for F250 based on the latest available data.</li>
<li>However, with five more trading days left for the base date and with many names lurking close to the border, the rankings can still change.</li>
</ul>


In this insight, we take a look at the potential index changes for F100 and F250 in the run up to the September 2023 Rebalance.
I expect four changes for F100 and seven changes for F250 based on the latest available data.
However, with five more trading days left for the base date and with many names lurking close to the border, the rankings can still change.


Quiddity Leaderboard F100/​​​250 Sep 23: Several Changes Including Potential Surprises

Chief Economist, Heteronomics

Phil Rush

Chief Economist

Heteronomics

Heteronomics represents a different kind of economics. We believe analysis should delve into the details of what is really going on, rather than using overly simplistic assumptions to quick-sell stories. Independence from myopic institutional pressures allows us to focus on the realities underlying your asset allocation decisions, without the conflicts of the old market structures. Heteronomics targets the themes driving UK asset prices, offering the benefits of depth, independence and ultimately price.

UK-centric macro research

Macroeconomics

<ul>
<li><em>The OBR made surprisingly sharp downward revisions to its productivity growth assessment that reduced the government’s room for manoeuvre. Fudging to fit the BoE’s policy stance may be yielding an unduly dismal demand outlook.</em></li>
<li><em>Policy changes left a little fiscal headroom. There was a welcome focus on “the vision thing” with money for Brexit planning and housing policies, including new garden towns. Tax changes were modest and present negligible forecast news.</em></li>
<li>
<em>There was little change to the current</em>…</li>
</ul>


The OBR made surprisingly sharp downward revisions to its productivity growth assessment that reduced the government’s room for manoeuvre. Fudging to fit the BoE’s policy stance may be yielding an unduly dismal demand outlook.
Policy changes left a little fiscal headroom. There was a welcome focus on “the vision thing” with money for Brexit planning and housing policies, including new garden towns. Tax changes were modest and present negligible forecast news.

There was little change to the current…


UK Budget: Excessive Stress After Supply Smash

<ul>
<li><em>Borrowing is better than had been expected. The financing requirement is likely to be several billion smaller, with the T-Bill stock temporarily shrinking further.</em></li>
<li><em>The OBR has forwarned an intent to downgrade its productivity assessment, although I expect lower equilibrium unemployment to temper the growth effect.</em></li>
<li><em>All fiscal targets will continue to be met, albeit with policy changes trimming the headroom slightly. Housing is a focus, potentially with a new garden city coming.</em></li>
</ul><p> </p><p>It is the first UK…</p>


Borrowing is better than had been expected. The financing requirement is likely to be several billion smaller, with the T-Bill stock temporarily shrinking further.
The OBR has forwarned an intent to downgrade its productivity assessment, although I expect lower equilibrium unemployment to temper the growth effect.
All fiscal targets will continue to be met, albeit with policy changes trimming the headroom slightly. Housing is a focus, potentially with a new garden city coming.
 It is the first UK…

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Thematic (Sector/Industry)

<p>It has been slightly over half a year since I joined this community, so here is a brief summary of stock calls that worked and stock calls that didn't work for me. </p><blockquote><p style="text-align: center;"><strong>But first, a note of thanks to the SK community</strong></p></blockquote><p>Besides doing an update, it is also an opportunity to thank everyone here at Smartkarma for your wonderful support (especially the Data Desk team) and collaborative work with fellow insight providers. Looking forward to a stellar year ahead together!</p><h2>Table showing IPO deals covered</h2><table class="table table-striped"><tbody>
<tr>
<td><strong>IPO</strong></td>
</tr>
</tbody></table>…

It has been slightly over half a year since I joined this community, so here is a brief summary of stock calls that worked and stock calls that didn't work for me. But first, a note of thanks to the SK communityBesides doing an update, it is also an opportunity to thank everyone here at Smartkarma for your wonderful support (especially the Data Desk team) and collaborative work with fellow insight providers. Looking forward to a stellar year ahead together!Table showing IPO deals covered

IPO

…

United Kingdom

Persimmon plc designs, builds and develops residential housing.  The Company has regional branches in Yorkshire, the North East and North West, Scotland, the Midlands, Anglia, Wessex, Thames Valley, the South East, South Coast, South West and Wales.

Price Gauge
52-week Range	0.00 - 0.00
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Persimmon PLC (PSN LN)

Quiddity Leaderboard F100/250 Dec 23: ~7 Changes Possible; LONG Playtech SHORT 888 Interesting

The top 7 F250 Potential ADDs currently have ~10 days of volume to buy and up to a couple of these names could be added on an intra-review basis...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard F100/250 Sep 23: Several Changes Including Potential Surprises

Newly listed Cab Payments Holdings (CABP LN) and newly eligible Breedon Aggregates (BREE LN) and Ceres Power Holdings (CWR LN) could be added to...

Janaghan Jeyakumar, CFA

UK Budget: Excessive Stress After Supply Smash

The OBR made surprisingly sharp downward revisions to its productivity growth assessment that reduced the government’s room for manoeuvre. Fudging...

Phil Rush

UK Budget Preview: Supply Shocks

Borrowing is better than had been expected. The financing requirement is likely to be several billion smaller, with the T-Bill stock temporarily...

Phil Rush

A Summary of Stock Calls and Actions

It has been slightly over half a year since I joined this community, so here is a brief summary of stock calls that worked and stock calls that...

Valerie Law, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Quiddity Leaderboard F100/​​​250 Dec 23: ~7 Changes Possible; LONG Playtech SHORT 888 Interesting

The top 7 F250 Potential ADDs currently have ~10 days of volume to buy and up to a couple of these names could be added on an intra-review basis...

Janaghan Jeyakumar, CFA

Quiddity Leaderboard F100/​​​250 Sep 23: Several Changes Including Potential Surprises

Newly listed Cab Payments Holdings (CABP LN) and newly eligible Breedon Aggregates (BREE LN) and Ceres Power Holdings (CWR LN) could be added to...

Janaghan Jeyakumar, CFA

UK Budget: Excessive Stress After Supply Smash

The OBR made surprisingly sharp downward revisions to its productivity growth assessment that reduced the government’s room for manoeuvre. Fudging...

Phil Rush

UK Budget Preview: Supply Shocks

Borrowing is better than had been expected. The financing requirement is likely to be several billion smaller, with the T-Bill stock temporarily...

Phil Rush

A Summary of Stock Calls and Actions

It has been slightly over half a year since I joined this community, so here is a brief summary of stock calls that worked and stock calls that...

Valerie Law, CFA

Quiddity Leaderboard F100/250 Dec 23: ~7 Changes Possible; LONG Playtech SHORT 888 Interesting

Quiddity Leaderboard F100/250 Sep 23: Several Changes Including Potential Surprises