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>There were a few rebalance announcements in the last week and the <a href="https://www.smartkarma.com/entities/sse-science-and-technology-innovation-board-50-index" target="_blank" data-smartkarma-citation="entities:29279:1" rel="noopener">SSE STAR50 (STAR50 INDEX)</a> and STAR100 Index rebalances were implemented at the close on Friday.</li>
<li>There are a lot of rebalances that will be implemented at the close on the coming Thursday and Friday.</li>
<li>Another big week of inflows for onshore China ETFs with Central Huijin likely behind the big flows to ETFs tracking the <a href="https://www.smartkarma.com/entities/shanghai-shenzhen-csi-300-inde" target="_blank" data-smartkarma-citation="entities:22906:1" rel="noopener">Shanghai Shenzhen CSI 300 Inde (SHSZ300 INDEX)</a>. </li>
</ul>


There were a few rebalance announcements in the last week and the SSE STAR50 (STAR50 INDEX) and STAR100 Index rebalances were implemented at the close on Friday.
There are a lot of rebalances that will be implemented at the close on the coming Thursday and Friday.
Another big week of inflows for onshore China ETFs with Central Huijin likely behind the big flows to ETFs tracking the Shanghai Shenzhen CSI 300 Inde (SHSZ300 INDEX). 


Index Rebalance & ETF Flow Recap: NKY, ASX, CSI300, A50, STTF, LowVol30, Value Up

<ul>
<li>There is 1 change for the S&amp;P/ASX20 Index, 2 changes for the S&amp;P/ASX100 Index, 4 changes for the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX200 INDEX</a> and 14 adds/10 deletes for the S&amp;P/ASX300 Index in March.</li>
<li>The largest impact is expected on the changes to the <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901:1" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a> while flows are large among changes to the S&amp;P/ASX 20 Index and S&amp;P/ASX 100 Index too.</li>
<li>There has been a steady increase in cumulative excess volume for most stocks but there are a few where there has been a spike recently.</li>
</ul>


There is 1 change for the S&amp;P/ASX20 Index, 2 changes for the S&amp;P/ASX100 Index, 4 changes for the S&amp;P/ASX200 INDEX and 14 adds/10 deletes for the S&amp;P/ASX300 Index in March.
The largest impact is expected on the changes to the S&amp;P/ASX 200 (AS51 INDEX) while flows are large among changes to the S&amp;P/ASX 20 Index and S&amp;P/ASX 100 Index too.
There has been a steady increase in cumulative excess volume for most stocks but there are a few where there has been a spike recently.


S&P/​​​​ASX Index Rebalance (Mar 2024): Changes, Flows, Impact, Shorts & Positioning

Research from ACF Equity Research, ACF Equity Research

ACF Equity Research

Research from ACF Equity Research

Accuracy | Clarity | Foresight

ACF was set up to improve the effectiveness of capital markets for smaller and mid-sized companies. The majority of jobs are created by smaller companies not global companies. If we can help improve companies use of capital markets more projects will be completed, more jobs created, more global GDP grown, which in turn helps create more resources for education, leading to equality and opportunity for those who are still oppressed by ignorance and poverty.

ACF Equity Research is an independent research house specialising in the highest specification independent equity research for corporate clients.

We deliver premium independent corporate sponsored equity research characterised by its accuracy, clarity and foresight based upon a fundamental valuation approach.

Our independent research is designed to educate our professional investor readers about your company, with an emphasis on clear and accurate explanations. Our mission is to improve company’s liquidity through credible equity research services, excellent international distribution and reliable access for investment managers.

We believe in the importance and value of clarity, the careful articulation of technical ideas, concepts and solutions.

Our team of analysts are independently minded individuals who believe in thoroughness, technical competence and clear punchy communications.

Thematic (Sector/Industry)

<ul>
<li>Navigating the ESG landscape is challenging for small and mid-caps</li>
<li>For smaller companies access to competitively priced capital is perhaps the single most important challenge</li>
<li>ESG / Sustainability Report provides an opportunity for small and mid-cap miners on the ASX</li>
</ul>


Navigating the ESG landscape is challenging for small and mid-caps
For smaller companies access to competitively priced capital is perhaps the single most important challenge
ESG / Sustainability Report provides an opportunity for small and mid-cap miners on the ASX


ESG Sustainability Report 2023 Metals & Mining ASX 13062023.pdf

External broker reports(aggregated public sources), Argonaut

Argonaut

External broker reports(aggregated public sources)

Argonaut’s research focuses on Metals & Mining, Energy, Agribusiness, Businesses and Contractors that service the natural resource sector and select Industrial companies and where warranted, the research team covers special situations. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<div><div><div><div><ul><li>Last week representatives from the Argonaut team attended a site visit at Predictive’s Bankan Gold Project in Guinea.</li><li>We were welcomed with a dancing reception by the Bankan community, who had never seen foreign investors in their village.</li><li>In our tour, we observed the outer buffer zone in which PDI operates, and were provided with details regarding the ESIA required for permitting. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Last week representatives from the Argonaut team attended a site visit at Predictive’s Bankan Gold Project in Guinea.We were welcomed with a dancing reception by the Bankan community, who had never seen foreign investors in their village.In our tour, we observed the outer buffer zone in which PDI operates, and were provided with details regarding the ESIA required for permitting. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Predictive Discovery (PDI) - Bankan Can-Can

<div><div><div><div><ul><li>NE Bankans 50%-ounce conversion to Indicated is a significant step towards production.</li><li>It is vital for progression of the scoping study (planned for late 2023), and in turn, with an Environmental &amp; Social Impact Assessment (also planned for late 2023), will allow buffer zone risks to be addressed as permitting discussions commence.</li><li>Without discounting the significance of the updated MRE, the upgrade continues to align with our internal modelling of mineable inventory; as such, we largely maintain our previous mining assumptions. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

NE Bankans 50%-ounce conversion to Indicated is a significant step towards production.It is vital for progression of the scoping study (planned for late 2023), and in turn, with an Environmental &amp; Social Impact Assessment (also planned for late 2023), will allow buffer zone risks to be addressed as permitting discussions commence.Without discounting the significance of the updated MRE, the upgrade continues to align with our internal modelling of mineable inventory; as such, we largely maintain our previous mining assumptions. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Australia

Predictive Discovery Ltd. explores for gold in Burkina Faso in Africa, and uranium in Australia.  The Company operates in the Fada N'Gourma and Manga-Sebba greenstone belts in Burkina Faso; and in Northern Territory, Australia.

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Predictive Discovery (PDI AU)

Index Rebalance & ETF Flow Recap: NKY, ASX, CSI300, A50, STTF, LowVol30, Value Up

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

Brian Freitas

S&P/ASX Index Rebalance (Mar 2024): Changes, Flows, Impact, Shorts & Positioning

There are 38 constituent changes across the index family. There are big flows and impacts for a bunch of stocks. Short interest is high on the...

Brian Freitas

ESG Sustainability Report 2023 Metals & Mining ASX 13062023.pdf

This ESG report provides an opportunity for small and mid-cap miners on the ASX to show off their transparency and accountability to mitigating...

ACF Equity Research

Predictive Discovery (PDI) - Bankan Can-Can

In our tour, we observed the outer buffer zone in which PDI operates, and were provided with details regarding the ESIA required for permitting.

Argonaut

Predictive Discovery (PDI) - Scoping Up

NE Bankans 50%-ounce conversion to Indicated is a significant step towards production. It is vital for progression of the scoping study (planned...

Argonaut

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Index Rebalance & ETF Flow Recap: NKY, ASX, CSI300, A50, STTF, LowVol30, Value Up

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

Brian Freitas

S&P/​​​​ASX Index Rebalance (Mar 2024): Changes, Flows, Impact, Shorts & Positioning

There are 38 constituent changes across the index family. There are big flows and impacts for a bunch of stocks. Short interest is high on the...

Brian Freitas

ESG Sustainability Report 2023 Metals & Mining ASX 13062023.pdf

This ESG report provides an opportunity for small and mid-cap miners on the ASX to show off their transparency and accountability to mitigating...

ACF Equity Research

Predictive Discovery (PDI) - Bankan Can-Can

In our tour, we observed the outer buffer zone in which PDI operates, and were provided with details regarding the ESIA required for permitting.

Argonaut

Predictive Discovery (PDI) - Scoping Up

NE Bankans 50%-ounce conversion to Indicated is a significant step towards production. It is vital for progression of the scoping study (planned...

Argonaut

S&P/ASX Index Rebalance (Mar 2024): Changes, Flows, Impact, Shorts & Positioning