In today’s briefing:
- FTSE TWSE Taiwan 50 Index Rebalance: Far Eastern New Century IN; AUO OUT
- Toshiba Privatisation In Trouble
- S&P ASX Dec 22 Rebalance: MND Is the Top Pick
- STOXX Europe 600 Dec 22 Rebal: Final Changes and Historical Performance Analysis
- When Will Samsung Life Insurance Be Forced to Sell Its Stake in Samsung Electronics by the Govt?
FTSE TWSE Taiwan 50 Index Rebalance: Far Eastern New Century IN; AUO OUT
- Far Eastern New Century (1402 TT) will replace AU Optronics (2409 TT) in the FTSE TWSE Taiwan 50 Index at the close on 16 December.
- Passive trackers will need to buy 4.8 days of ADV on Far Eastern New Century (1402 TT) and sell 1.9 days of ADV on AU Optronics (2409 TT).
- There will be same way flow from FTSE TWSE Taiwan Dividend+ Index trackers on both stocks and that will significantly add to the passive flow.
Toshiba Privatisation In Trouble
- After a few successive rounds of Management and Board Proposals were shot down, last March Toshiba Corp (6502 JP) embarked on a process to generate a privatisation proposal.
- The result has ended up with one, maybe two privatisation proposals in the offing. The “leading” candidate’s proposal will not fly as proposed. The other is MIA for the moment.
- That leaves a complicated situation. Activists+active holders are stuck with Toshiba and vice versa. They want change, and out, and financiers do too. Change happens. The question is how.
S&P ASX Dec 22 Rebalance: MND Is the Top Pick
- The index changes for the S&P ASX Index family for the December 2022 Rebalance were announced after the close on Friday 2nd December 2022.
- There will be one ADD/DEL for the ASX 50 index and one ADD/DEL for the ASX 200 index.
- In this insight, we take a closer look at our expectations for index flows and potential trading ideas.
STOXX Europe 600 Dec 22 Rebal: Final Changes and Historical Performance Analysis
- The December 2022 index changes for the STOXX Benchmark Indices were announced yesterday.
- There will be 6 ADDs and 6 DELs for the STOXX Europe 600 Index and 3 ADDs and 1 DEL for the EURO STOXX Index in December 2022.
- In this insight, we take a closer look at the index flow expectations and the historical performance of STOXX Europe 600 and EURO STOXX Rebalance events.
When Will Samsung Life Insurance Be Forced to Sell Its Stake in Samsung Electronics by the Govt?
- The debate about whether or not Samsung Life Insurance should sell its stake in Samsung Electronics is being reviewed by the National Assembly once again.
- The greater probability event is status quo. The Korean government is not likely to force Samsung Life Insurance to sell its stake in Samsung Electronics in the near term.
- Korean government is likely to require Samsung Life Insurance to sell its stake in Samsung Electronics after the Lee family has paid off all their inheritance taxes in 3-4 years.
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