Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

<ul>
<li>Youngpoong Paper Mfg's shares declined sharply by 30% to 33,900 won today, trading only 190k shares (3% of ADTV). </li>
<li>There is high probability that this sell-off could be related to CFD related margin call. </li>
<li>Daiyang Metal, the largest shareholder of Youngpoong Paper Mfg, also dropped limit down today. The Korea Exchange has temporarily suspended trading of both Youngpoong Paper and Daiyang Metal. </li>
</ul>


Youngpoong Paper Mfg's shares declined sharply by 30% to 33,900 won today, trading only 190k shares (3% of ADTV). 
There is high probability that this sell-off could be related to CFD related margin call. 
Daiyang Metal, the largest shareholder of Youngpoong Paper Mfg, also dropped limit down today. The Korea Exchange has temporarily suspended trading of both Youngpoong Paper and Daiyang Metal. 


Youngpoong Paper Mfg: Concerns About CFD Related Selling - Another Margin Call?

South Korea

Daiyang Metal Co., Ltd. manufactures and sells cold rolled stainless steel used in kitchen sinks, stainless steel tableware, kitchen utensils, building materials, and automobile parts.

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Youngpoong Paper Mfg: Concerns About CFD Related Selling - Another Margin Call?

​Shares of Youngpoong Paper Mfg dropped 30% today, possibly due to CFD related margin call. Daiyang Metal, its largest shareholder, also saw a...

Douglas Kim

Shares of Youngpoong Paper Mfg dropped 30% today, possibly due to CFD related margin call. Daiyang Metal, its largest shareholder, also saw a...