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

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Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

On 17th April 2020, Japanese supermarket chain operator <a href="https://www.smartkarma.com/entities/retail-partners-co-ltd" target="_blank" data-smartkarma-citation="entities:7435:1" rel="noopener">Retail Partners (8167 JP)</a> announced (<a href="https://www2.tse.or.jp/disc/81670/140120200417495538.pdf" target="_blank" rel="noopener">J-only</a>) it had received approval to move from the Second Section of the TSE to the First Section of the TSE as of 24th April 2020.TSE1 reassignment triggers inclusion into the TOPIX Index.Based on the TOPIX Index Methodology (p7 of the <a href="https://www.jpx.co.jp/english/markets/indices/topix/tvdivq00000030ne-att/e_cal_3_topix.pdf" target="_blank" rel="noopener">TOPIX Index Guidebook</a>), inclusion will be on the last business day on the month following entrance into the First Section. This means the inclusion event will be at the close of trading 28th May 2020.At the time of writing, the shares of Retail Partners were at JPY1135. In this insight, we evaluate if there is further upside resulting from the TOPIX inclusion.

On 17th April 2020, Japanese supermarket chain operator Retail Partners (8167 JP) announced (J-only) it had received approval to move from the Second Section of the TSE to the First Section of the TSE as of 24th April 2020.TSE1 reassignment triggers inclusion into the TOPIX Index.Based on the TOPIX Index Methodology (p7 of the TOPIX Index Guidebook), inclusion will be on the last business day on the month following entrance into the First Section. This means the inclusion event will be at the close of trading 28th May 2020.At the time of writing, the shares of Retail Partners were at JPY1135. In this insight, we evaluate if there is further upside resulting from the TOPIX inclusion.

TOPIX Inclusion: Retail Partners (8167 JP)