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

Hang Seng China Enterprises Index / Event-Driven

<ul>
<li>The HSCEI 2023 dividend futures have dropped over the last week as results have trickled in and some of the larger dividend payers have cut their final dividends.</li>
<li>Over 50% of the DIPS are confirmed now and that number will increase significantly over the next couple of days as the remaining companies announce their final dividends.</li>
<li>From our estimates, just over 80% of the DIPS will be confirmed by tomorrow though over 66% of the total DIPS will have CNYHKD risk attached to it.</li>
</ul>


The HSCEI 2023 dividend futures have dropped over the last week as results have trickled in and some of the larger dividend payers have cut their final dividends.
Over 50% of the DIPS are confirmed now and that number will increase significantly over the next couple of days as the remaining companies announce their final dividends.
From our estimates, just over 80% of the DIPS will be confirmed by tomorrow though over 66% of the total DIPS will have CNYHKD risk attached to it.


HSCEI Dividend Futures: Nearing the Pointy End of Results Season

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul>
<li>
Alibaba / Alibaba splits into six business units in sweeping overhaul
</li>
<li>
Corruption / Exclusive: Former Exim Bank executive pleads guilty to taking bribes
</li>
<li>
Crackdown / China’s cyberspace watchdog takes aim at slander against businesses
</li>
</ul>



Alibaba / Alibaba splits into six business units in sweeping overhaul


Corruption / Exclusive: Former Exim Bank executive pleads guilty to taking bribes


Crackdown / China’s cyberspace watchdog takes aim at slander against businesses



CX Daily: Alibaba Splits Into Six Business Units in Sweeping Overhaul

China/Asia TMT

Shawn Yang

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>BABA/ JD/ PDD/ VIPS: Tmall outlines upcoming changes to its platform (-/-/-/-)</li>
<li>LI: Li Auto CEO reveals six pure EVs in pipeline(+)</li>
<li>700HK/NTES/BILI/: Game industry in general:  Domestic game codes published by NPPA（+）</li>
</ul>


BABA/ JD/ PDD/ VIPS: Tmall outlines upcoming changes to its platform (-/-/-/-)
LI: Li Auto CEO reveals six pure EVs in pipeline(+)
700HK/NTES/BILI/: Game industry in general:  Domestic game codes published by NPPA（+）


China TMT Update (Mar.27) - BABA/JD/ PDD/VIPS/LI/700HK/NTES/BILI/ - Tmall Outlines Upcoming Changes

<ul><li>Analysis: Why China’s 2023 fiscal policy may be less expansionary than it seems</li><li>Xi, Putin call for ‘responsible dialogue’ to end Ukraine crisis</li><li>Beijing’s deaths outrun births for first time in two decades</li></ul>

Analysis: Why China’s 2023 fiscal policy may be less expansionary than it seemsXi, Putin call for ‘responsible dialogue’ to end Ukraine crisisBeijing’s deaths outrun births for first time in two decades

CX Daily: Why China’s 2023 Fiscal Policy May Be Less Expansionary Than It Seems

<ul>
<li>3690HK: Surplus Meituan delivery riders could improve margins beginning in 1Q23 (+)</li>
<li>PDD: Temu temporarily suspended inventory intake at Guangzhou warehouse because of  shortage in labor and warehouse storage capacity (-)</li>
<li>BABA：Taobao is testing “price comparison” feature, which might impact its take rate（-）</li>
</ul>


3690HK: Surplus Meituan delivery riders could improve margins beginning in 1Q23 (+)
PDD: Temu temporarily suspended inventory intake at Guangzhou warehouse because of  shortage in labor and warehouse storage capacity (-)
BABA：Taobao is testing “price comparison” feature, which might impact its take rate（-）


China TMT Update(Mar.23): 3690HK/PDD/BABA - Surplus Meituan Delivery Riders Could Improve Margins

China

PDD Holdings Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The Company focuses on digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfillment capabilities for its underlying businesses.

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PDD Holdings (PDD US)

HSCEI Dividend Futures: Nearing the Pointy End of Results Season

Over half of 2023 DIPS are now confirmed & will rise to 80% by close tomorrow. There is FX risk attached to most dividends. The 2023/24 steepener...

Brian Freitas

CX Daily: Alibaba Splits Into Six Business Units in Sweeping Overhaul

Alibaba splits into six business units in sweeping overhaul. Exclusive: Former Exim Bank executive pleads guilty to taking bribes. China’s...

Caixin Global

China TMT Update (Mar.27) - BABA/JD/ PDD/VIPS/LI/700HK/NTES/BILI/ - Tmall Outlines Upcoming Changes

BABA/JD/PDD/VIPS: Tmall outlines upcoming changes(-/-/-/-); LI: Li Auto CEO reveals six pure EVs in pipeline(+); 700HK/NTES/BILI/game industry in...

Blue Lotus Research Institute

CX Daily: Why China’s 2023 Fiscal Policy May Be Less Expansionary Than It Seems

Analysis: Why China’s 2023 fiscal policy may be less expansionary than it seems. Xi, Putin call for ‘responsible dialogue’ to end Ukraine crisis.

Caixin Global

China TMT Update(Mar.23): 3690HK/PDD/BABA - Surplus Meituan Delivery Riders Could Improve Margins

3690HK: Surplus Meituan delivery riders could improve margins (+); PDD: Temu temporarily suspended inventory intake at Guangzhou warehouse(-);...

Blue Lotus Research Institute

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52-week Range

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P/E

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