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

TOPIX Inclusions: How to Account for The Impact of Equity Offerings

Gravity Works As WeWork Doesn't; Now Plan B

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Today after the close, <a href="https://www.smartkarma.com/entities/threepro-group-inc" target="_blank" data-smartkarma-citation="entities:14730:1" rel="noopener">GiG Works (2375 JP)</a> announced a <a href="https://www.release.tdnet.info/inbs/140120210316479514.pdf" target="_blank" rel="noopener">tachiaigai bunbai equity offering</a> stating that they will be working towards to a move to the TSE Prime Market.GiG Works Inc. provides BPO services in the information technology field such as sales support services, maintenance support services for IT equipment, call centre operations, and temporary staffing services for field support. They also operate "GIGWorks Basic" which is a new platform service that connects employers and potential employees to fill temporary roles. The stock is currently listed in the Second Section of the Tokyo Stock Exchange and if they qualify for a move to the Prime market, that would trigger an Inclusion into the TOPIX Index. However, to be able to qualify for a such a move, the company will have to satisfy the relevant Section Transfer requirements. In this insight, we take a look at the potential of this company to satisfy the Section Transfer requirements, the possible timeline of events, and the upside potential of the event.

Today after the close, GiG Works (2375 JP) announced a tachiaigai bunbai equity offering stating that they will be working towards to a move to the TSE Prime Market.GiG Works Inc. provides BPO services in the information technology field such as sales support services, maintenance support services for IT equipment, call centre operations, and temporary staffing services for field support. They also operate "GIGWorks Basic" which is a new platform service that connects employers and potential employees to fill temporary roles. The stock is currently listed in the Second Section of the Tokyo Stock Exchange and if they qualify for a move to the Prime market, that would trigger an Inclusion into the TOPIX Index. However, to be able to qualify for a such a move, the company will have to satisfy the relevant Section Transfer requirements. In this insight, we take a look at the potential of this company to satisfy the Section Transfer requirements, the possible timeline of events, and the upside potential of the event. 

TOPIX Inclusion Pre-Event: GiG Works (2375 JP)