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 names leading the race to become ADDs/DELs for the DAX, MDAX, and SDAX Indices in the September 2023 Rebalance.</li>
<li>
<a href="https://www.smartkarma.com/entities/software-ag" target="_blank" data-smartkarma-citation="entities:21717:1" rel="noopener">Software AG (SOW GR)</a>'s takeover situation could result in intra-review index changes prior to the September 2023 rebalance. </li>
<li>
<a href="https://www.smartkarma.com/entities/fresenius-medical-care-ag-co" target="_blank" data-smartkarma-citation="entities:21622:1" rel="noopener">Fresenius Medical Care (FME GR)</a> and <a href="https://www.smartkarma.com/entities/deutsche-lufthansa-ag" target="_blank" data-smartkarma-citation="entities:21667:1" rel="noopener">Deutsche Lufthansa AG (LHA GR)</a> are close to becoming DAX ADDs as they require very small price gains to trigger Fast Entry additions.</li>
</ul>


In this insight, we take a look at the names leading the race to become ADDs/DELs for the DAX, MDAX, and SDAX Indices in the September 2023 Rebalance.

Software AG (SOW GR)'s takeover situation could result in intra-review index changes prior to the September 2023 rebalance. 

Fresenius Medical Care (FME GR) and Deutsche Lufthansa AG (LHA GR) are close to becoming DAX ADDs as they require very small price gains to trigger Fast Entry additions.


Quiddity Leaderboard-DAX Jun 23: A SHORT Sartorius LONG Merck Trade Might Be Interesting

Germany

Schaeffler AG is an automotive and industrial supplier. The Company's business divisions include engine, transmission and chassis systems, automotive aftermarket, industrial applications, and industrial aftermarket. Schaeffler AG operates worldwide.

ElringKlinger AG manufactures and distributes original equipment and replacement parts for automobiles.  The Company makes cylinder-head gaskets, seals, modules, and elastomer gasket systems, and shielding systems.  ElringKlinger offers engine testing services.  The Company owns real estate properties such as industrial parks and warehouses.

Grammer AG manufactures seats for vehicles.  The Company produces seats for tractors, forklifts, construction machinery, automobiles, buses, and railroad cars.  Grammer manufactures in Europe, South America and Asia, and sells its products through subsidiaries, distributors, and licensed ventures worldwide.

Hugo Boss AG designs, produces, and markets brand name clothing.  The Company's products, which are marketed under branded names are sold through subsidiaries, franchises, and retail outlets throughout the world.  Hugo Boss licenses its name for eyeglass frames, fragrances, watches, shoes, and leather goods.

Paragon AG develops and manufactures smart sensors.  The Company produces convenience and control, air quality and communication sensors.  Paragon AG also offers its industrial customers turn-key manufacturing of complex electronic devices and components, including after-sales services.

Fielmann AG produces and markets prescription eyeglasses, specialty glasses, sunglasses, contact lenses, and optical supplies.  The Company retails its products through Fielmann stores in Europe.

Hornbach Holding AG & Co KGaA, through subsidiaries, retails building materials and garden supplies.  The Company operates stores in Germany, Austria, Luxembourg, the Netherlands, and the Czech Republic.

Hornbach Baumarkt Aktiengesellschaft owns and operates a large number of home improvement superstores throughout Germany.  The Company sells a full line of do-it-yourself tools, equipment and materials for plumbing, heating, electrical installation, kitchen and bathroom renovations, as well as for gardening and painting work.  Hornbach also operates in Austria and in the Netherlands.

ProSiebenSat.1 Media SE provides FTA and pay TV broadcasting services in Germany, Austria, and the German-speaking part of Switzerland. The Group operates digital entertainment activities such as advertising and subscription based VOD streaming services, a global multi-channel network, and online games. It also invests in digital commerce companies and produces TV programming.

Stroeer SE is a digital multi-channel media company. The Company offers provides online advertising and communication solutions. Stroeer commercializes and operates website in German-speaking countries and provides advertising media in the out-of-home segment throughout Europe.

Stanley Electric Co., Ltd. manufactures lighting equipment including head lights, HID (High Intensity Discharge) assist lamps, and rear combination lamps for automobiles.  The Company also produces LCD (Liquid Cristal Display) and LED (Light Emitted Diode) lamps for communication equipment, office automation equipment, and information displays.

NIFCO INC. manufactures synthetic resinous fasteners and plastic components for automobiles and home electronic appliances.  The Company has its subsidiaries in Korea, Hong Kong, Australia, Malaysia, Singapore, and the US.

NOK CORPORATION manufactures oil seals and industrial rubber products for automobiles.  The Company also produces electronic equipment used for cellular phones and PCs.  NOK has production facilities in Taiwan and Thailand.

Zhejiang Century Huatong Group Co., Ltd. develops, manufactures and sells automotive plastic parts and molds.

Ningbo Joyson Electronic Corp manufactures automotive accessories. The Company produces drive control systems, climate control systems, sensor systems, air intake systems, electronic control systems, automated production lines, vehicle air management systems, windscreen washer systems, rearview mirror systems, and other related products. Ningbo Joyson offers its products to around the world.

Visteon Corporation supplies automotive systems, modules, and components to vehicle manufacturers and the aftermarket on a worldwide basis.  The Company manufactures products such as climate control systems, electronics, interiors, and lighting.

Zhejiang Yinlun Machinery Co.,Ltd. develops, manufactures and markets steel plate oil cooler, concentric oil cooler, shell and tube oil cooler. The company's products are used in automobile engine systems and automatic transmission systems.

Zhejiang Yinlun Machinery Co,Ltd. (002126 CH)

Sumitomo Rubber Industries, Ltd. manufactures automobile and motorcycle tires, industrial rubber products and sports equipment.  The Company's products include golf balls, tennis rackets, rubber gloves, and artificial turf. Sumitomo Rubber sells its products under Dunlop brand around the world.

LCI Industries manufactures recreational vehicles and equipment. The Company offers toolboxes, truck caps, running boards, side-outs, mattresses, alignment systems, shock absorber, power stabilizer jacks, baggage doors, and sliders. LCI Industries markets its products worldwide.

Dorman Products, Inc. supplies automotive products and home hardware.  The Company supplies its products to the automotive aftermarket and mass merchandise markets.

Vitesco Technologies Group Aktiengesellschaft operates as a supplier of drive technologies and electrification solutions for sustainable mobility. The Company product range includes electrification solutions such as electrified drivetrain systems, battery management and thermal management solutions, as well as electronic control units, sensors and actuators.

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Vitesco Technologies Group (VTSC GR)

Quiddity Leaderboard-DAX Jun 23: A SHORT Sartorius LONG Merck Trade Might Be Interesting

Top-ranked DAX potential DEL Sartorius recently published a profit warning. The company is trading at higher multiples than peer Merck and is not...

Janaghan Jeyakumar, CFA

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