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>The local ghost hedge fund began to excessively invest in credit, which leveraged 2.5 to 3 times when the eight manipulated stocks started to increase rapidly in price.</li>
<li>Then, the Financial Supervisory Service deemed this excessively-leveraged trading behavior as unusual, and news of an investigation into their activities broke out and triggered them to dump the shares.</li>
<li>The key now is identifying in advance the stocks that will experience similar selling patterns. To do so, we need to prioritize selecting stocks with high-margin balances in recent times.</li>
</ul>


The local ghost hedge fund began to excessively invest in credit, which leveraged 2.5 to 3 times when the eight manipulated stocks started to increase rapidly in price.
Then, the Financial Supervisory Service deemed this excessively-leveraged trading behavior as unusual, and news of an investigation into their activities broke out and triggered them to dump the shares.
The key now is identifying in advance the stocks that will experience similar selling patterns. To do so, we need to prioritize selecting stocks with high-margin balances in recent times.


Matched Order Fraud in Korea: Reason Behind Eight Stocks Hit Massively

Equity Capital Markets

Mobile Appliance / Equity Capital Markets

This is a pretty small IPO (market cap of about US$50mil), but this nevertheless has some interesting growth stories. In particular, the company's PND (portable navigation device) is strongly linked to self-driving (autonomous driving) cars. That is, the company not only has a solid business foundation but also it has some sexy growth stories that may excite a lot of investors. It will actually start trading today (Feb 24), and its IPO price (₩3,500) is widely believed to be set at a reasonably low level (10x P/E for 2016 earnings and 6-7x P/E for 2017 earnings) even though the IPO price was set at the upper end of indicative price band.Let's now take a look at this company and several key issues related to this IPO:

This is a pretty small IPO (market cap of about US$50mil), but this nevertheless has some interesting growth stories. In particular, the company's PND (portable navigation device) is strongly linked to self-driving (autonomous driving) cars. That is, the company not only has a solid business foundation but also it has some sexy growth stories that may excite a lot of investors. It will actually start trading today (Feb 24), and its IPO price (₩3,500) is widely believed to be set at a reasonably low level (10x P/E for 2016 earnings and 6-7x P/E for 2017 earnings) even though the IPO price was set at the upper end of indicative price band.Let's now take a look at this company and several key issues related to this IPO:

Mobile Appliance IPO Summary - Small But Beauty, Start Trading Today

South Korea

MDS Technology Co. Ltd. is an embedded solution provider.  The Company specializes in smartphone software development, embedded systems integration, and embedded solution training.

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Mds Technology (086960 KS)

Matched Order Fraud in Korea: Reason Behind Eight Stocks Hit Massively

This post investigates and explains the matched order fraud incident that engulfed Korea's local stock market this week and the potential names...

Sanghyun Park

Mobile Appliance IPO Summary - Small But Beauty, Start Trading Today

This is a pretty small IPO (market cap of about US$50mil), but this nevertheless has some interesting growth stories. In particular, the company's...

Sanghyun Park

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