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?

TOPIX Inclusion Pre-Events: Recent "Tachiaigai Bunbai" Round-Up

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

TSE Mothers-listed <a href="https://www.smartkarma.com/entities/witz-corp" target="_blank" data-smartkarma-citation="entities:29134:1" rel="noopener">Witz Corp (4440 JP)</a> announced (<a href="https://ssl4.eir-parts.net/doc/4440/tdnet/1860067/00.pdf" target="_blank" rel="noopener">J-only</a>) after market-close today it had received approval to move to TSE1 as of <a href="https://www.jpx.co.jp/english/listing/stocks/transfers/01.html" target="_blank" rel="noopener">31st July 2020</a>. In conjunction they also launched a <a href="https://ssl4.eir-parts.net/doc/4440/tdnet/1860066/00.pdf" target="_blank" rel="noopener">tachiaigai bunbai (equity offering)</a> in order to satisfy some of the requirements for a TSE1 move. TSE1 reassignment triggers inclusion into the TOPIX Index and I expect the Inclusion Event to be at the close of trading 28th August 2020. WITZ Corporation, founded in 1997 and headquartered in Nagoya, Japan, mainly designs and develops "embedded software" in Japan (software in machines, cars, devices, etc - all the stuff that consumers never see as software). It is also involved in the research and development of real-time operating systems and IT solutions.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 Witz Corp (4440 JP) announced (J-only) after market-close today it had received approval to move to TSE1 as of 31st July 2020. In conjunction they also launched a tachiaigai bunbai (equity offering) in order to satisfy some of the requirements for a TSE1 move. TSE1 reassignment triggers inclusion into the TOPIX Index and I expect the Inclusion Event to be at the close of trading 28th August 2020. WITZ Corporation, founded in 1997 and headquartered in Nagoya, Japan, mainly designs and develops "embedded software" in Japan (software in machines, cars, devices, etc - all the stuff that consumers never see as software). It is also involved in the research and development of real-time operating systems and IT solutions.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. 

TOPIX Inclusion (4440 JP): WITZ Corporation