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

STAR50 Index Rebalance Preview: Big Turnover in a Volatile Market

Index Rebalance & ETF Flow Recap: MSCI, LQ45, STAR50, Li Auto, Intouch, Krafton, Kakao Bank

Index Rebalance & ETF Flow Recap: KS200, KQ150, NKY, PCOMP, JPXNK400, MSCI, KEP/SPH, Krafton, INTUCH

STAR Board - STAR50 Index Rebalance: Inclusions Outperform Exclusions as Positioning Jumps

STAR Board - STAR50 Index Rebalance June Preview: Falling Volumes Increasing Impact

STAR50 Index Rebalance June Preview: Selloff Presents Opportunity

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Event-Driven

Beijing Huafeng Test & Control / Event-Driven

Beijing Huafeng Test & Control (688200 CH)

<div><p>The <a href="https://www.smartkarma.com/entities/sse-science-and-technology-innovation-board-50-index" target="_blank" data-smartkarma-citation="entities:29279:1" rel="noopener">SSE STAR 50 (STAR50 INDEX)</a> is a free float market cap weighted and is made up of the 50 largest stocks based on full market cap that are listed on the STAR Market.</p></div><div>
<p>The review period for the September rebalance ends on 31 July, the results of the rebalance will be announced towards the end of August and the changes will be implemented at the close of trading on 10 September.</p>
<p>A maximum of 5 changes are permitted in a single review.</p>
<p>At the September review, potential deletions include <a href="https://www.smartkarma.com/entities/shanghai-shen-lian-biomedical" target="_blank" data-smartkarma-citation="entities:30339:1" rel="noopener">Shanghai Shen Lian Biomedical (688098 CH)</a>, <a href="https://www.smartkarma.com/entities/piesat-information-technology" target="_blank" data-smartkarma-citation="entities:30328:1" rel="noopener">Piesat Information Technology (688066 CH)</a>, <a href="https://www.smartkarma.com/entities/guangzhou-fang-bang-electr-a" target="_blank" data-smartkarma-citation="entities:30313:1" rel="noopener">Guangzhou Fang Bang Electr-A (688020 CH)</a>, <a href="https://www.smartkarma.com/entities/shenzhen-lifotronic-techno-a" target="_blank" data-smartkarma-citation="entities:30395:1" rel="noopener">Shenzhen Lifotronic Techno-A (688389 CH)</a> and <a href="https://www.smartkarma.com/entities/appotronics-corp-ltd" target="_blank" data-smartkarma-citation="entities:28235:1" rel="noopener">Appotronics Corp Ltd (688007 CH)</a>. </p>
<p>With index rules that are not specific, there are two sets of possible inclusions depending on the minimum listing history used for the stocks.</p>
<p>The likelier inclusions are Eyebright Medical Technology Beijing Co Ltd (688050 CH), Sinocelltech Group Ltd (688520 CH), <a href="https://www.smartkarma.com/entities/beijing-huafeng-test-con-a" target="_blank" data-smartkarma-citation="entities:30367:1" rel="noopener">Beijing Huafeng Test &amp; Con-A (688200 CH)</a>, <a href="https://www.smartkarma.com/entities/tinavi-medical-technologies-co-ltd" target="_blank" data-smartkarma-citation="entities:33453:1" rel="noopener">Tinavi Medical Technologies (688277 CH)</a> and <a href="https://www.smartkarma.com/entities/zhejiang-orient-gene-biotech-a" target="_blank" data-smartkarma-citation="entities:30379:1" rel="noopener">Zhejiang Orient Gene Biotech-A (688298 CH)</a>. </p>
<p>The less likely inclusions are Zhejiang Supcon Technology Co Ltd (688777 CH), Tianneng Battery Group Co Ltd (688819 CH), Bestechnic Shanghai Co Ltd (688608 CH), 3Peak Inc (688536 CH) and <a href="https://www.smartkarma.com/entities/pylon-technologies-co-ltd" target="_blank" data-smartkarma-citation="entities:33153:1" rel="noopener">Pylon Technologies Co Ltd (688063 CH)</a>.</p>
<p>We think it is likelier that the index committee uses a 12 month minimum listing history and the estimated one-way turnover will be 6.36%.</p>
</div>

The SSE STAR 50 (STAR50 INDEX) is a free float market cap weighted and is made up of the 50 largest stocks based on full market cap that are listed on the STAR Market.
The review period for the September rebalance ends on 31 July, the results of the rebalance will be announced towards the end of August and the changes will be implemented at the close of trading on 10 September.
A maximum of 5 changes are permitted in a single review.
At the September review, potential deletions include Shanghai Shen Lian Biomedical (688098 CH), Piesat Information Technology (688066 CH), Guangzhou Fang Bang Electr-A (688020 CH), Shenzhen Lifotronic Techno-A (688389 CH) and Appotronics Corp Ltd (688007 CH). 
With index rules that are not specific, there are two sets of possible inclusions depending on the minimum listing history used for the stocks.
The likelier inclusions are Eyebright Medical Technology Beijing Co Ltd (688050 CH), Sinocelltech Group Ltd (688520 CH), Beijing Huafeng Test &amp; Con-A (688200 CH), Tinavi Medical Technologies (688277 CH) and Zhejiang Orient Gene Biotech-A (688298 CH). 
The less likely inclusions are Zhejiang Supcon Technology Co Ltd (688777 CH), Tianneng Battery Group Co Ltd (688819 CH), Bestechnic Shanghai Co Ltd (688608 CH), 3Peak Inc (688536 CH) and Pylon Technologies Co Ltd (688063 CH).
We think it is likelier that the index committee uses a 12 month minimum listing history and the estimated one-way turnover will be 6.36%.


Guangzhou Fangbang Electronics-A (688020 CH)

Piesat Information Technology (688066 CH)

Shanghai Shen Lian Biomedical (688098 CH)

Zhejiang Orient Gene Biotech C (688298 CH)

Shenzhen Lifotronic Technology-A (688389 CH)

Hang Seng TECH Index (HSTECH INDEX EQUITY)

STAR Board - STAR50 Index Rebalance Sep Preview: Stocks On The Move