Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Posco DX has begun the selection process for its lead underwriter for its transfer to the KOSPI market and plans to complete the transfer listing within this year.</li>
<li>Considering the recent retail insanity witnessed in most local large-cap battery stocks, Posco DX will likely experience further intensified short-term price fluctuations with this new development as a catalyst.</li>
<li>The likely replacement for Posco DX's KOSDAQ 150 spot is Konan Technology, which has become a top reserved issue in Posco DX's GICS sector (Information Technology) in the previous review.</li>
</ul>


Posco DX has begun the selection process for its lead underwriter for its transfer to the KOSPI market and plans to complete the transfer listing within this year.
Considering the recent retail insanity witnessed in most local large-cap battery stocks, Posco DX will likely experience further intensified short-term price fluctuations with this new development as a catalyst.
The likely replacement for Posco DX's KOSDAQ 150 spot is Konan Technology, which has become a top reserved issue in Posco DX's GICS sector (Information Technology) in the previous review.


Posco DX's KOSPI Transfer Listing: Hankyung Exclusive Report

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<ul>
<li>In this insight, we discuss the potential inclusions and exclusions of the upcoming KOSDAQ 150 rebalance in May 2023.</li>
<li>The next round of KOSDAQ 150 rebalance will be announced in May and it will be effective as of end of May 2023.</li>
<li>Typically, the potential inclusions and exclusions to KOSDAQ 150 make their biggest moves in the one to three months prior to the rebalance announcements.</li>
</ul>


In this insight, we discuss the potential inclusions and exclusions of the upcoming KOSDAQ 150 rebalance in May 2023.
The next round of KOSDAQ 150 rebalance will be announced in May and it will be effective as of end of May 2023.
Typically, the potential inclusions and exclusions to KOSDAQ 150 make their biggest moves in the one to three months prior to the rebalance announcements.


Potential Inclusions & Exclusions in KOSDAQ 150 Rebalance in May 2023

Equity Bottom-Up

<ul>
<li>Konan Technology is one of the competitors to Open AI (Chat GPT) in Korea. </li>
<li>Konan Technology's share price is up more than 4x this year. We would not chase the stock at current levels. We provide a framework of valuing Konan Technology. </li>
<li>Four large Korean companies that could be long-term winners in AI space in Korea include Naver, Kakao Corp, SK Telecom, and KT Corp. SK Telecom owns 20.8% of Konan Technology. </li>
</ul>


Konan Technology is one of the competitors to Open AI (Chat GPT) in Korea. 
Konan Technology's share price is up more than 4x this year. We would not chase the stock at current levels. We provide a framework of valuing Konan Technology. 
Four large Korean companies that could be long-term winners in AI space in Korea include Naver, Kakao Corp, SK Telecom, and KT Corp. SK Telecom owns 20.8% of Konan Technology. 


Konan Technology: Surging Share Price Due to Global Interest in Chat GPT AI

South Korea

Konan Technology Inc. operates software development businesses. The Company develops system software and other products. Konan Technology conducts businesses in South Korea.

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Konan Technology (402030 KS)

Posco DX's KOSPI Transfer Listing: Hankyung Exclusive Report

Hankyung, Korea's most reputed economic media outlet, exclusively reported after the market closed yesterday that Posco DX embarked on a KOSPI...

Sanghyun Park

Potential Inclusions & Exclusions in KOSDAQ 150 Rebalance in May 2023

We discuss the potential inclusions and exclusions of the upcoming KOSDAQ 150 rebalance in May 2023 which will be announced in May and it will be...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Posco DX's KOSPI Transfer Listing: Hankyung Exclusive Report

Hankyung, Korea's most reputed economic media outlet, exclusively reported after the market closed yesterday that Posco DX embarked on a KOSPI...

Sanghyun Park

Potential Inclusions & Exclusions in KOSDAQ 150 Rebalance in May 2023

We discuss the potential inclusions and exclusions of the upcoming KOSDAQ 150 rebalance in May 2023 which will be announced in May and it will be...

Douglas Kim

Konan Technology: Surging Share Price Due to Global Interest in Chat GPT AI

Konan Technology is one of the competitors to Open AI (Chat GPT) in Korea. We provide a framework of valuing Konan Technology. We would not chase...

Douglas Kim