Korea: What Are Foreign Investors Buying & Selling?
Foreign investors have been buying stock in Korea and hold 32% of the KOSPI market cap and 8.5% of the KOSDAQ market cap. There is a big dispersion...
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SM Entertainment: Tender Offer Allocation Ratios Announced
The allocation ratio of SM Entertainment tender offer was 44.1%, which was relatively close to our estimate of 49%. We believe SM's shares are...
516 Views
HYBE Gives Up the M&A Fight for SM Entertainment: Impact on Kakao's Tender Offer
HYBE announced that it is no longer pursuing an M&A of SM Entertainment. This will result in a very high probability of Kakao winning the M&A...
541 Views
SM Entertainment: Provides a Detailed Analysis of a Strategic Partnership with Kakao
Today SM Entertainment provided a detailed analysis of the strategic partnership with Kakao. The timing of this announcement is unusual since it...
398 Views
EM Outperformance to Continue (Vs. EAFE) -- Add on a Pullback; DXY Needs to Hold Below $106
EM vs. EAFE ratio (local currency) shows EM has outperformed relative to EAFE since the $DXY peaked in November 2022. If the DXY remains below...
364 Views