Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with experience in fundamental and event-driven research in Frontier and Emerging markets. 

On Smartkarma, I mainly publish insights on index flow events in the Asia-Pacific region. This includes predicting regular and intra-review index changes and estimating upcoming passive flows. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Pan-Asia Index Flows & Special Situations

Adways (2489 JP) - A Dilutive Placement Before and a New Accretive Bigly Buyback

Adways (2489 JP) - Really, Really Big News for a SmallCap

Historical TOPIX Inclusions:  What Flavor Performs Best?

TOPIX Inclusions:  New Regulations! Who Is READY? 2.0

TOPIX Inclusion (4251 JP): KEIWA Incorporated

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

On 30th November 2020, TSE Mothers-listed <a href="https://www.smartkarma.com/entities/adways-inc" target="_blank" data-smartkarma-citation="entities:14696:1" rel="noopener">Adways Inc (2489 JP)</a> announced (<a href="https://ir.adways.net/irnews/20201130_176CES.pdf" target="_blank" rel="noopener">J-only</a>) they had received approval to move to the First Section of the Tokyo Stock Exchange as of 7th December 2020. TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 28th January 2021. <a href="https://www.smartkarma.com/entities/adways-inc" target="_blank" data-smartkarma-citation="entities:14696:1" rel="noopener">Adways Inc (2489 JP)</a> is an internet marketing services firm that provides web affiliate services and content development services in Japan, China, Taiwan, and Korea. They provide their services under brands such as Unicorn, which is an automated marketing platform for mobile apps, and Appdriver which is a CPI based mobile ad platform. The majority of the company's revenue comes from Japan. However, they also provide Keyword ad service for Chinese web search engines such as Baidu, 360 and QQ under their Keynet brand and affiliate ad service for PC and smart phones in China under CHANet brand. In this insight, we take a look at the Index Inclusion Parameters and the Fundamentals of the company to evaluate the upside potential of the TOPIX Inclusion Event.

On 30th November 2020, TSE Mothers-listed Adways Inc (2489 JP) announced (J-only) they had received approval to move to the First Section of the Tokyo Stock Exchange as of 7th December 2020. TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 28th January 2021. Adways Inc (2489 JP) is an internet marketing services firm that provides web affiliate services and content development services in Japan, China, Taiwan, and Korea. They provide their services under brands such as Unicorn, which is an automated marketing platform for mobile apps, and Appdriver which is a CPI based mobile ad platform. The majority of the company's revenue comes from Japan. However, they also provide Keyword ad service for Chinese web search engines such as Baidu, 360 and QQ under their Keynet brand and affiliate ad service for PC and smart phones in China under CHANet brand. In this insight, we take a look at the Index Inclusion Parameters and the Fundamentals of the company to evaluate the upside potential of the TOPIX Inclusion Event. 

Adways Inc

TOPIX Inclusion (2489 JP): Adways Inc