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

Mothers-listed <a href="https://www.smartkarma.com/entities/teno-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:29724:1" rel="noopener">Teno. Holdings Co Ltd (7037 JT)</a> announced on 30th October 2020 they had <a href="https://www.teno.co.jp/ja/news/news-public-notice/auto_20201030412366/pdfFile.pdf" target="_blank" rel="noopener">received approval</a> to move to the First Section of the Tokyo Stock Exchange as of 12th November 2020. In conjunction, they also announced a <a href="https://www.teno.co.jp/ja/news/news-public-notice/auto_20201030412352/pdfFile.pdf" target="_blank" rel="noopener">tachiaigai bunbai</a> equity offering in order to satisfy some of the Section Transfer Requirements.  TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 29th December 2020. <a href="https://www.smartkarma.com/entities/teno-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:29724:1" rel="noopener">Teno. Holdings Co Ltd (7037 JT)</a> provides childcare services in Japan. They operate a nursery school and a public childcare facility and also provide other services such as in-hospital childcare and after-school childcare on a contractual basis. They also offer babysitting services. This is not a big company with global ambitions.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.

Mothers-listed Teno. Holdings Co Ltd (7037 JT) announced on 30th October 2020 they had received approval to move to the First Section of the Tokyo Stock Exchange as of 12th November 2020. In conjunction, they also announced a tachiaigai bunbai equity offering in order to satisfy some of the Section Transfer Requirements.  TSE1 reassignment triggers inclusion into the TOPIX Index and the Inclusion Event can be expected to be at the close of trading 29th December 2020. Teno. Holdings Co Ltd (7037 JT) provides childcare services in Japan. They operate a nursery school and a public childcare facility and also provide other services such as in-hospital childcare and after-school childcare on a contractual basis. They also offer babysitting services. This is not a big company with global ambitions.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. 

teno. Holdings Co Ltd

TOPIX Inclusion (7037 JP): Teno Holdings