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>
<a href="https://www.smartkarma.com/entities/mercari-inc" target="_blank" data-smartkarma-citation="entities:27149:1" rel="noopener">Mercari Inc (4385 JP)</a> will be added to the <a href="https://www.smartkarma.com/entities/tokyo-stock-exchange-tokyo-price-index-topix" target="_blank" data-smartkarma-citation="entities:22910:1" rel="noopener">Tokyo Stock Exchange Tokyo Price Index Topix (TPX INDEX)</a> at the close on 28 July.</li>
<li>There are a lot of FFW changes, mainly reductions. This leads to large funding inflows on the large index stocks.</li>
<li>We estimate the inclusion of Mercari and the FFW changes will lead to a one-way turnover of 0.56% leading to a one-way trade of JPY 442.23bn (US$3.25bn).</li>
</ul>



Mercari Inc (4385 JP) will be added to the Tokyo Stock Exchange Tokyo Price Index Topix (TPX INDEX) at the close on 28 July.
There are a lot of FFW changes, mainly reductions. This leads to large funding inflows on the large index stocks.
We estimate the inclusion of Mercari and the FFW changes will lead to a one-way turnover of 0.56% leading to a one-way trade of JPY 442.23bn (US$3.25bn).


TOPIX July Rebalance: Mercari Inclusion, FFW Changes, US$6.5bn To Trade

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul><li>Domestic sales to decline as agriculture industry stagnates<ul><li>The turnover of agricultural and forestry machinery producers continued to decline in 2016, dragged down by shrinking domestic demand as Japan’s agricultural sector stagnates.</li></ul></li><li>New emissions standards to provide temporary boost in tractor sales<ul><li>Domestic sales of farm equipment, especially tractors, were negatively affected by the unfavourable, yet temporary, farmers’ reaction to new emission regulations.</li></ul></li><li>Government to facilitate agricultural equipment purchases<ul><li>Under the Industrial Competitiveness Enhancement Act, which came into force in 2014, support measures introduced in 2016 such as tax breaks for new equipment and other tax incentives to support capital investment within the domestic agricultural sector, are expected to provide at least a near-term boost for agricultural machinery demand.</li></ul></li></ul>

Domestic sales to decline as agriculture industry stagnatesThe turnover of agricultural and forestry machinery producers continued to decline in 2016, dragged down by shrinking domestic demand as Japan’s agricultural sector stagnates.New emissions standards to provide temporary boost in tractor salesDomestic sales of farm equipment, especially tractors, were negatively affected by the unfavourable, yet temporary, farmers’ reaction to new emission regulations.Government to facilitate agricultural equipment purchasesUnder the Industrial Competitiveness Enhancement Act, which came into force in 2014, support measures introduced in 2016 such as tax breaks for new equipment and other tax incentives to support capital investment within the domestic agricultural sector, are expected to provide at least a near-term boost for agricultural machinery demand.

Industrial Capsule: Agricultural and Forestry Machinery in Japan

Japan

YAMABIKO CORPORATION is a holding company established through the merger of Shindaiwa Corporation and Kioritz Corporation. The Company manages subsidiaries which manufacture and sell cutting machine for agriculture and forestry industries, generators, and rice planting machine.

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Yamabiko Corp (6250 JP)

TOPIX July Rebalance: Mercari Inclusion, FFW Changes, US$6.5bn To Trade

Mercari will be added to the TPX at the close on 28 July. There are a lot of FFW changes that will result in one-way turnover of 0.56% leading to a...

Brian Freitas

Industrial Capsule: Agricultural and Forestry Machinery in Japan

Domestic sales to decline as agriculture industry stagnatesThe turnover of agricultural and forestry machinery producers continued to decline in...

Euromonitor International Ltd.

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)