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

Historical TOPIX Inclusions:  What Flavor Performs Best?

Nippon Rietec's (1938) Gangbusters TOPIX Inclusion

TOPIX Inclusion: Retail Partners (8167 JP)

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

TSE Mothers-listed <a href="https://www.smartkarma.com/entities/toumei-co-ltd" target="_blank" data-smartkarma-citation="entities:29146:1" rel="noopener">Toumei (4439 JP)</a> announced (<a href="https://ssl4.eir-parts.net/doc/4439/tdnet/1848087/00.pdf" target="_blank" rel="noopener">J-only</a>) on 11th June they had received approval for a potential TSE1 reassignment.In conjunction, they also announced (<a href="https://ssl4.eir-parts.net/doc/4439/tdnet/1848088/00.pdf" target="_blank" rel="noopener">J-only</a>) Share Offerings in order to satisfy some of the requirements for a TSE1 move. The company's TSE1 promotion was contingent on the successful execution of these Offerings. On 23rd June, <a href="https://www.smartkarma.com/entities/toumei-co-ltd" target="_blank" data-smartkarma-citation="entities:29146:1" rel="noopener">Toumei (4439 JP)</a> confirmed (<a href="https://ssl4.eir-parts.net/doc/4439/tdnet/1851685/00.pdf" target="_blank" rel="noopener">J-only</a>) they had received approval to move from the MOTHERS Section to the First Section of the Tokyo Stock Exchange as of 3rd July 2020.TSE1 reassignment triggers inclusion into the TOPIX Index and I expect the inclusion event to be at the close of trading 28th August 2020.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.

TSE Mothers-listed Toumei (4439 JP) announced (J-only) on 11th June they had received approval for a potential TSE1 reassignment.In conjunction, they also announced (J-only) Share Offerings in order to satisfy some of the requirements for a TSE1 move. The company's TSE1 promotion was contingent on the successful execution of these Offerings. On 23rd June, Toumei (4439 JP) confirmed (J-only) they had received approval to move from the MOTHERS Section to the First Section of the Tokyo Stock Exchange as of 3rd July 2020.TSE1 reassignment triggers inclusion into the TOPIX Index and I expect the inclusion event to be at the close of trading 28th August 2020.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. 

Toumei

TOPIX Inclusion (4439 JP): Toumei Co