Daily Brief Financials: Omni Bridgeway, Cromwell Property, KFin Technologies, Seazen (Formerly Future Land), Akros Technologies and more

• We currently see one change each for the ASX20 and ASX100 indices, 4 changes for the S&P/ASX 200 and 10 adds/ 6 deletes for the ASX300 Index in March.
• There could be an addition to the S&P/ASX 200 (AS51 INDEX) in January following Pendal Group (PDL AU)‘s acquisition by Perpetual Ltd (PPT AU).
• PEXA Group (PXA AU) is a potential inclusion to the S&P/ASX 200 (AS51 INDEX) if Link Administration (LNK AU)‘s in-specie distribution of PEXA shares to its shareholders is approved.

• Cromwell Property (CMW AU) is a deletion from the MVIS Australia A-REITS Index at the close on 16 December.
• Passive trackers will need to sell 13.9m shares (5 days ADV) of Cromwell Property (CMW AU) and there appears to be little to no pre-positioning on the stock.
• There are a few other stocks that will have over 0.5 days of ADV to buy from passive trackers.

• KFin Technologies (1804170D IN) is looking to raise around US$300m in its India IPO.
• KFin Technology (KFin) is a technology driven financial services platform providing comprehensive services and solutions to the capital markets ecosystem.
• Under its offering, it primarily serves asset managers and corporate issuers domestically, while providing investor solutions for mutual funds and private retirement schemes in other regions.

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.

• Yuexiu Property

• Akros Technologies, a South Korea-based fintech firm, has raised US$2.3 million in a strategic funding round.
• The fundraise was led by ZVC – the investment arm of Line Corporation parent Z Holdings.
• Founded last year, Akros Technologies manages its own exchange-traded funds (ETFs) powered by machine learning models.