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Post-Earnings Drift

 
Asia

Post-earnings announcement drift (PEAD) is one of the best-documented effects in finance: stocks that react strongly to earnings tend to keep moving in the same direction for weeks. This screen lists stocks on Asian exchanges that gapped up more than 3% on the report day or the day after within the last 20 business days, and today still close above the report-day close and low and above the 20-day moving average. These are earnings winners that the market keeps buying.

Screening formula:
exch(tse,hkse,ses,krx,ise) and type(stock) and wdays_since_earn_rep >= 2 and wdays_since_earn_rep <= 20 and math.max(evalat(gapup, wdays_since_earn_rep), evalat(gapup, wdays_since_earn_rep - 1)) > 3 and c > c[wdays_since_earn_rep] and c > l[wdays_since_earn_rep] and c > sma(20) and draw(earnrep) and sortby(change(20), desc) and show(wdays_since_earn_rep as days_since_report, change(20) as change_20d_pct)
 
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View:
Charts    
   Symbol   Name   Industry   Sector   Exchange   Cap  Cap, mln  Last  Change  Change, %  Volume  Days_since_report  Change_20d_pct
 40B.SI 
Real Estate Services
Real Estate
SES
Micro
 27.58  0.090  -0.01 -10 20,000  12.00  104.55
 8337.HK 
Telecom Services
Communication Services
HKSE
Micro
 51.18  0.209  0.001 0.48 161,500  19.00  90.00
 0765.HK 
Leisure
Consumer Cyclical
HKSE
Micro
 78.46  0.218  0.017 8.46 70,000  13.00  67.69
 1561.HK 
Specialty Chemicals
Basic Materials
HKSE
Micro
 59.67  0.082  0.027 49.09 29,760,000  19.00  64.00
 6532.T 
Consulting Services
Industrials
TSE
Mega
 1,498,502  11,825  195 1.68 1,780,200  11.00  55.04
 1488.HK 
Restaurants
Consumer Cyclical
HKSE
Small
 1,420.8  0.98  -0.02 -2 3,020,000  15.00  40.00
 3697.T 
Software - Application
Technology
TSE
Mega
 270,430  1,122.00  16.5 1.49 3,508,800  11.00  30.22
 0943.HK 
Household & Personal Products
Consumer Defensive
HKSE
Small
 325.58  0.181  0.001 0.56 309,000  10.00  27.46
 2340.HK 
Engineering & Construction
Industrials
HKSE
Micro
 154.47  0.178  -0.007 -3.78 488,000  16.00  27.14
 7581.T 
Restaurants
Consumer Cyclical
TSE
Mega
 403,346  8,210.00  270 3.4 599,800  12.00  25.54
 9861.T 
Restaurants
Consumer Cyclical
TSE
Mega
 280,560  4,506.00  197 4.57 668,000  15.00  22.18
 0180.HK 
Leisure
Consumer Cyclical
HKSE
Micro
 217.68  0.227  -0.002 -0.87 8,000  10.00  20.11
 3549.T 
Pharmaceutical Retailers
Healthcare
TSE
Mega
 415,273  4,373.00  168 4 356,300  20.00  17.84
 1752.HK 
Education & Training Services
Consumer Defensive
HKSE
Micro
 232.89  0.11  0.005 4.76 280,000  20.00  17.02
 0048.HK 
Textile Manufacturing
Consumer Cyclical
HKSE
Micro
 218.89  0.45  -0.04 -8.16 20,000  20.00  16.88
 0146.HK 
Textile Manufacturing
Consumer Cyclical
HKSE
Small
 350.11  1.65  0.05 3.12 1,000  10.00  14.58
 3994.T 
Software - Application
Technology
TSE
Mega
 359,358  6,855.00  197 2.96 486,200  11.00  14.25
 7453.T 
Department Stores
Consumer Cyclical
TSE
Mega
 2,567,086  4,836.00  65 1.36 5,077,500  12.00  13.68
 2293.HK 
Staffing & Employment Services
Industrials
HKSE
Micro
 162.45  0.405  -0.02 -4.71 16,000  15.00  12.50
 2670.T 
Apparel Retail
Consumer Cyclical
TSE
Mega
 746,812  3,051.00  82.5 2.78 468,500  16.00  12.19
 QNS.SI 
Steel
Basic Materials
SES
Small
 273.45  0.425  0.005 1.19 9,500  20.00  11.84
 2415.HK 
Health Information Services
Healthcare
HKSE
Small
 454.44  0.835  0.005 0.6 22,250  20.00  11.33
 1F0.SI 
Advertising Agencies
Communication Services
SES
Micro
 7.94  0.070  0 0 40,000  11.00  9.37
 1099.HK 
Medical Distribution
Healthcare
HKSE
Large
 50,867  16.19  0.27 1.7 8,940,125  5.00  8.95
40 matches
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Data as of Oct 30, 2026, updated intraday



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