Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Market Neutral Financial Pairs - Nomura Vs Daiwa

Event-Driven

<p>On 18 June 2019, <a href="https://www.smartkarma.com/entities/nomura-holdings-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:742:1">Nomura Holdings (8604 JP)</a> announced that its Board of Directors had approved to set up a huge buyback of up to 300m shares (8.6% of the outstanding shares) and up to ¥150 billion. The program would run from 19 June 2019 to 31 March 2020 and the shares would be purchased on the stock exchange via a trust bank.</p><p>Since then, the company has bought back almost 160m shares (as of 31 October) and the stock price has advanced 44.92%. In this Insight, we track the progress of the buyback, the impact on the stock, performance versus its main competitor and what could happen going forward.</p>

On 18 June 2019, Nomura Holdings (8604 JP) announced that its Board of Directors had approved to set up a huge buyback of up to 300m shares (8.6% of the outstanding shares) and up to ¥150 billion. The program would run from 19 June 2019 to 31 March 2020 and the shares would be purchased on the stock exchange via a trust bank.Since then, the company has bought back almost 160m shares (as of 31 October) and the stock price has advanced 44.92%. In this Insight, we track the progress of the buyback, the impact on the stock, performance versus its main competitor and what could happen going forward.

Nomura Holdings (8604 JP) Buyback Update - Halfway There