Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

The review period for the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200-index" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX)</a> June review ends on 30 April. The Korea Exchange (KRX) will announce the results of the June 2021 review of the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200-index" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX)</a> in May with the changes becoming effective after the close of trading on 10 June.There are currently 201 index constituents following the spin off of <a href="https://www.smartkarma.com/entities/daelim-industrial-co-ltd" target="_blank" data-smartkarma-citation="entities:18095:1" rel="noopener">DL Co Ltd (000210 KS)</a> and the inclusion of <a href="https://www.smartkarma.com/entities/dl-e-c-co-ltd" target="_blank" data-smartkarma-citation="entities:31375:1" rel="noopener">DL E&amp;C Co Ltd (375500 KS)</a> in the index. There will be 202 index constituents following the spin off of <a href="https://www.smartkarma.com/entities/lg-corp" target="_blank" data-smartkarma-citation="entities:6653:1" rel="noopener">LG Corp (003550 KS)</a> and the inclusion of LX Holdings in the index.We currently see 3 inclusions and 5 exclusions from the index. The potential inclusions are <a href="https://www.smartkarma.com/entities/hyosung-tnc-co-ltd" target="_blank" data-smartkarma-citation="entities:27749:1" rel="noopener">Hyosung TNC Co Ltd (298020 KS)</a>, <a href="https://www.smartkarma.com/entities/hyosung-advanced-materials-corporation" target="_blank" data-smartkarma-citation="entities:27751:1" rel="noopener">Hyosung Advanced Materials (298050 KS)</a> and <a href="https://www.smartkarma.com/entities/dongwon-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:1783:1" rel="noopener">Dongwon Industries (006040 KS)</a>, while the potential deletions are <a href="https://www.smartkarma.com/entities/taeyoung-engineering-construction-co-ltd" target="_blank" data-smartkarma-citation="entities:18740:1" rel="noopener">Taeyoung Engineering &amp; Construction (009410 KS)</a>, <a href="https://www.smartkarma.com/entities/namsun-aluminum-co-ltd" target="_blank" data-smartkarma-citation="entities:17514:1" rel="noopener">Namsun Aluminum (008350 KS)</a>, <a href="https://www.smartkarma.com/entities/binggrae-co-ltd" target="_blank" data-smartkarma-citation="entities:16424:1" rel="noopener">Binggrae Co Ltd (005180 KS)</a>, <a href="https://www.smartkarma.com/entities/hanil-hyundai-cement-co-ltd" target="_blank" data-smartkarma-citation="entities:14406:1" rel="noopener">Hanil Hyundai Cement (006390 KS)</a> and <a href="https://www.smartkarma.com/entities/samyang-corp" target="_blank" data-smartkarma-citation="entities:16321:1" rel="noopener">Samyang Corp (145990 KS)</a>. The expected Fast Entry of <a href="https://www.smartkarma.com/entities/sk-bioscience-co-ltd" target="_blank" data-smartkarma-citation="entities:31484:1" rel="noopener">SK Bioscience (302440 KS)</a> could result in <a href="https://www.smartkarma.com/entities/spc-samlip" target="_blank" data-smartkarma-citation="entities:6007:1" rel="noopener">SPC Samlip (005610 KS)</a> being deleted from the index.The potential Fast Entry of <a href="https://www.smartkarma.com/entities/sk-ie-technology" target="_blank" data-smartkarma-citation="entities:29207:1" rel="noopener">SK IE Technology (SKIET KS)</a> could result in <a href="https://www.smartkarma.com/entities/aekyung-industrial-co-ltd" target="_blank" data-smartkarma-citation="entities:27129:1" rel="noopener">Aekyung Industrial Co Ltd (018250 KS)</a> being deleted from the index.<a href="https://www.smartkarma.com/entities/taihan-electric-wire-co-ltd" target="_blank" data-smartkarma-citation="entities:11551:1" rel="noopener">Taihan Electric Wire (001440 KS)</a> is a very close add - the next 5 trading days will decide if the stock is added to the index or not.Short selling in Korea is scheduled to resume on 3 May and there could be a fair amount of movement in the stocks ahead of the index review announcement and implementation date.

The review period for the Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX) June review ends on 30 April. The Korea Exchange (KRX) will announce the results of the June 2021 review of the Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX) in May with the changes becoming effective after the close of trading on 10 June.There are currently 201 index constituents following the spin off of DL Co Ltd (000210 KS) and the inclusion of DL E&amp;C Co Ltd (375500 KS) in the index. There will be 202 index constituents following the spin off of LG Corp (003550 KS) and the inclusion of LX Holdings in the index.We currently see 3 inclusions and 5 exclusions from the index. The potential inclusions are Hyosung TNC Co Ltd (298020 KS), Hyosung Advanced Materials (298050 KS) and Dongwon Industries (006040 KS), while the potential deletions are Taeyoung Engineering &amp; Construction (009410 KS), Namsun Aluminum (008350 KS), Binggrae Co Ltd (005180 KS), Hanil Hyundai Cement (006390 KS) and Samyang Corp (145990 KS). The expected Fast Entry of SK Bioscience (302440 KS) could result in SPC Samlip (005610 KS) being deleted from the index.The potential Fast Entry of SK IE Technology (SKIET KS) could result in Aekyung Industrial Co Ltd (018250 KS) being deleted from the index.Taihan Electric Wire (001440 KS) is a very close add - the next 5 trading days will decide if the stock is added to the index or not.Short selling in Korea is scheduled to resume on 3 May and there could be a fair amount of movement in the stocks ahead of the index review announcement and implementation date.

KOSPI200 Index Rebalance Preview: Review Period Almost Complete; Short Selling Commences in a Week

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.

April 19 was the major lockup release for SK Bioscience. 3.1M shares, representing 4.08% of the SO, hit the market, bumping up the float shares to 16.19%.<div>
<table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"SK BioS float"}'>SK BioS lockup expirations</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Qty"}'>Share qty</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"% of SO"}'>% of SO</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"% of allocation"}'>% of IPO allocation</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Accu"}'>Accumulated as a % of SO</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Date"}'>Date</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"1 year"}'>1 year</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"-"}'>-</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0587}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>5.87%</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"-"}'>-</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":1}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>100.00%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44639}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2022-03-19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"6 months"}'>6 months</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3948100}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,948,100</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.7359}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>73.59%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.3128}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>31.28%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.9413}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>94.13%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44458}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-09-19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"3 months"}'>3 months</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3331000}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,331,000</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0435}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>4.35%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.2639}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>26.39%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.2054}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>20.54%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44366}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-06-19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"1 month"}'>1 month</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3118610}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,118,610</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0408}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>4.08%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.2471}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>24.71%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1619}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>16.19%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44305}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-04-19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"15 days"}'>15 days</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":364380}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>364,380</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0048}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>0.48%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0289}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>2.89%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1211}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>12.11%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44288}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-04-02</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Immediate"}'>Immediate</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":8897510}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>8,897,510</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1163}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>11.63%</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"-"}'>-</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1163}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>11.63%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44273}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-03-18</td>
</tr>
<tr><td colspan="6" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX &amp; DART"}'>Source: KRX &amp; DART</td></tr>
</tbody>
</table>
It was a pleasant surprise. The share price rather surged 6.44% on that day, followed by a further 8% gain, bringing up a 5-day total gain to 14%, about 7 weeks before a KOSPI 200 entry.
<section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/202/460/original/Screen+Shot+2021-04-24+at+7.33.33+PM.png?1619307243" class="editor-image img-responsive" data-smartkarma-image-id="202460"></figure></section>
</div>

April 19 was the major lockup release for SK Bioscience. 3.1M shares, representing 4.08% of the SO, hit the market, bumping up the float shares to 16.19%.











SK BioS lockup expirations
Share qty
% of SO
% of IPO allocation
Accumulated as a % of SO
Date


1 year
-
5.87%
-
100.00%
2022-03-19


6 months
3,948,100
73.59%
31.28%
94.13%
2021-09-19


3 months
3,331,000
4.35%
26.39%
20.54%
2021-06-19


1 month
3,118,610
4.08%
24.71%
16.19%
2021-04-19


15 days
364,380
0.48%
2.89%
12.11%
2021-04-02


Immediate
8,897,510
11.63%
-
11.63%
2021-03-18

Source: KRX &amp; DART


It was a pleasant surprise. The share price rather surged 6.44% on that day, followed by a further 8% gain, bringing up a 5-day total gain to 14%, about 7 weeks before a KOSPI 200 entry.



Why NPS Buys SK Bioscience Lately & Lurking Timing for KOSPI 200 Entry Event

It seems to be spin-off season in Korea.Three <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200-index" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX)</a> and <a href="https://www.smartkarma.com/entities/kosdaq-150-index" target="_blank" data-smartkarma-citation="entities:31077:1" rel="noopener">KOSDAQ 150 Index (KOSDQ150 INDEX)</a> constituents will be suspended from trading from 29 April - <a href="https://www.smartkarma.com/entities/lg-corp" target="_blank" data-smartkarma-citation="entities:6653:1" rel="noopener">LG Corp (003550 KS)</a>, <a href="https://www.smartkarma.com/entities/f-f-co-ltd" target="_blank" data-smartkarma-citation="entities:15983:1" rel="noopener">F&amp;F Co Ltd (007700 KS)</a> and <a href="https://www.smartkarma.com/entities/ecopro-co-ltd" target="_blank" data-smartkarma-citation="entities:19029:1" rel="noopener">Ecopro Co Ltd (086520 KS)</a> due to a spin-off of its businesses.<a href="https://www.smartkarma.com/entities/f-f-co-ltd" target="_blank" data-smartkarma-citation="entities:15983:1" rel="noopener">F&amp;F Co Ltd (007700 KS)</a> will resume trading on 21 May, <a href="https://www.smartkarma.com/entities/lg-corp" target="_blank" data-smartkarma-citation="entities:6653:1" rel="noopener">LG Corp (003550 KS)</a> will resume trading on 27 May, and <a href="https://www.smartkarma.com/entities/ecopro-co-ltd" target="_blank" data-smartkarma-citation="entities:19029:1" rel="noopener">Ecopro Co Ltd (086520 KS)</a> will resume trading on 28 May.<a href="https://www.smartkarma.com/entities/lg-corp" target="_blank" data-smartkarma-citation="entities:6653:1" rel="noopener">LG Corp (003550 KS)</a> will remain in the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200-index" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX)</a> and its spinoff will be added to the index, <a href="https://www.smartkarma.com/entities/f-f-co-ltd" target="_blank" data-smartkarma-citation="entities:15983:1" rel="noopener">F&amp;F Co Ltd (007700 KS)</a> will remain in the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200-index" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX)</a> but the spinoff will not be added to the index, <a href="https://www.smartkarma.com/entities/ecopro-co-ltd" target="_blank" data-smartkarma-citation="entities:19029:1" rel="noopener">Ecopro Co Ltd (086520 KS)</a> will continue to be a <a href="https://www.smartkarma.com/entities/kosdaq-150-index" target="_blank" data-smartkarma-citation="entities:31077:1" rel="noopener">KOSDAQ 150 Index (KOSDQ150 INDEX)</a> constituent though its spinoff will not be included in the index.In this Insight, we look at the index treatment, the impact of passive flow on the stocks, and the impact of the changes on the June rebalance of the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200-index" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX)</a>.

It seems to be spin-off season in Korea.Three Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX) and KOSDAQ 150 Index (KOSDQ150 INDEX) constituents will be suspended from trading from 29 April - LG Corp (003550 KS), F&amp;F Co Ltd (007700 KS) and Ecopro Co Ltd (086520 KS) due to a spin-off of its businesses.F&amp;F Co Ltd (007700 KS) will resume trading on 21 May, LG Corp (003550 KS) will resume trading on 27 May, and Ecopro Co Ltd (086520 KS) will resume trading on 28 May.LG Corp (003550 KS) will remain in the Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX) and its spinoff will be added to the index, F&amp;F Co Ltd (007700 KS) will remain in the Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX) but the spinoff will not be added to the index, Ecopro Co Ltd (086520 KS) will continue to be a KOSDAQ 150 Index (KOSDQ150 INDEX) constituent though its spinoff will not be included in the index.In this Insight, we look at the index treatment, the impact of passive flow on the stocks, and the impact of the changes on the June rebalance of the Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX). 

The second batch of the lockup releases hit the market today on Monday.3,118,610 shares represent 4.08% of the SO and 24.71% of the offering allocation, bringing up the float total from 12.11% to 16.19%.This would be the first real overhang test on the price. <table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"SK BioS float"}'>SK BioS lockup expirations</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Qty"}'>Qty</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"% of SO"}'>% of SO</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"% of allocation"}'>% of allocation</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Accu"}'>Accu</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Date"}'>Date</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"1 year"}'>1 year</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"-"}'>-</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0587}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>5.87%</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"-"}'>-</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":1}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>100.00%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44639}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2022-03-19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"6 months"}'>6 months</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3948100}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,948,100</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.7359}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>73.59%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.3128}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>31.28%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.9413}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>94.13%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44458}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-09-19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"3 months"}'>3 months</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3331000}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,331,000</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0435}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>4.35%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.2639}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>26.39%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.2054}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>20.54%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44366}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-06-19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"1 month"}'>1 month</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3118610}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>3,118,610</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0408}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>4.08%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.2471}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>24.71%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1619}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>16.19%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44305}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-04-19</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"15 days"}'>15 days</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":364380}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>364,380</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0048}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>0.48%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0289}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>2.89%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1211}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>12.11%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44288}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-04-02</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Immediate"}'>Immediate</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":8897510}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}'>8,897,510</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1163}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>11.63%</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"-"}'>-</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.1163}' data-sheets-numberformat='{"1":3,"2":"0.00%","3":1}'>11.63%</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":44273}' data-sheets-numberformat='{"1":5,"2":"yyyy-mm-dd","3":1}'>2021-03-18</td>
</tr>
<tr><td colspan="6" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX &amp; DART"}'>Source: KRX &amp; DART</td></tr>
</tbody>
</table>

The second batch of the lockup releases hit the market today on Monday.3,118,610 shares represent 4.08% of the SO and 24.71% of the offering allocation, bringing up the float total from 12.11% to 16.19%.This would be the first real overhang test on the price. 










SK BioS lockup expirations
Qty
% of SO
% of allocation
Accu
Date


1 year
-
5.87%
-
100.00%
2022-03-19


6 months
3,948,100
73.59%
31.28%
94.13%
2021-09-19


3 months
3,331,000
4.35%
26.39%
20.54%
2021-06-19


1 month
3,118,610
4.08%
24.71%
16.19%
2021-04-19


15 days
364,380
0.48%
2.89%
12.11%
2021-04-02


Immediate
8,897,510
11.63%
-
11.63%
2021-03-18

Source: KRX &amp; DART



SK BioS Lockup Release Today: FO Drop Can Signal a Tight Supply for Passive Mirroring K200

Below is the KRX notice on April 9 concerning SK Bioscience's entry into the KRX indices.SK BIOSCIENCE (302440) will be added to the corresponding indices since it satisfies the criteria for the fast-entry rule.KRX 100
Addition: SK BIOSCIENCE (302440)
Deletion: MedyTox (086900)
Effective Date: 11th June 2021※ The KRX is now reviewing the entry into the other indices, including KOSPI 200 and KRX 300. So follow up the further notice in May.The link is here.Why not announcing now for KOSPI 200 fast entry?The nearest month KOSPI 200 futures contract that is the first to arrive after the 15 trading sessions falls on the same day as the 1H regular rebalancing.So, for SK Bioscience, the announcement will be made at the end of May with the other biannual changes.





KOSPI 200 FY2021 1H schedule

Announcement
2021-05-31


Effective
2021-06-11

Source: KRX

Entry is a done deal.The 15D daily average MC sits at ₩10.1T.





SK Bioscience in the first 15 trading sessions (₩B)

2021-04-07
₩114,500


2021-04-06
₩115,500


2021-04-05
₩118,000


2021-04-02
₩117,500


2021-04-01
₩119,000


2021-03-31
₩120,500


2021-03-30
₩126,500


2021-03-29
₩123,500


2021-03-26
₩132,000


2021-03-25
₩136,000


2021-03-24
₩136,500


2021-03-23
₩140,500


2021-03-22
₩144,000


2021-03-19
₩166,500


2021-03-18
₩169,000


- Average daily MC
10,095.5

Source: KRX

Below are the KOSPI top 50 names by the Mar 18~Apr 7 average daily MC. SK Bioscience comes in at the 32nd between Lotte Chemical and Korean Air. 








KOSPI top 50 by avg daily MC (Mar 18~Apr 7)
Ticker
MC (₩B)
Rank


Samsung Electronics Co Ltd
005930
493,866.8
1


SK Hynix Inc
000660
100,363.2
2


Naver Corp
035420
63,182.1
3


LG Chem Ltd
051910
58,270.1
4


Samsung Biologics Co Ltd
207940
48,546.7
5


Hyundai Motor Co
005380
48,324.6
6


Samsung SDI Co Ltd
006400
44,994.9
7


Kakao Corp
035720
44,168.9
8


Celltrion, Inc.
068270
38,067.6
9


Kia Corp
000270
34,201.4
10


HYUNDAI MOBIS CO., LTD.
012330
27,942.9
11


POSCO
005490
27,321.0
12


LG Electronics Inc.
066570
24,974.5
13


LG Household &amp; Healthcare Ltd
051900
24,205.6
14


Samsung C&amp;T Corp
028260
23,028.6
15


KB Financial Group Inc
105560
21,888.8
16


SK Telecom Co Ltd
017670
21,431.3
17


SK Innovation Co Ltd
096770
20,224.3
18


NCSoft Corp
036570
19,800.1
19


Shinhan Financial Group Co., Ltd.
055550
18,719.6
20


SK Inc
034730
18,545.8
21


Samsung Life Insurance co., Ltd
032830
15,486.7
22


LG Corp
003550
15,467.8
23


Korea Electric Power Corporation
015760
15,134.3
24


Amorepacific Corp
090430
14,713.7
25


Samsung SDS Co Ltd
018260
14,622.3
26


Samsung Electro-Mechanics Co., Ltd.
009150
14,254.0
27


Hana Financial Group Inc
086790
12,467.6
28


KT&amp;G Corp
033780
11,103.9
29


Netmarble Corp
251270
10,766.4
30


Lotte Chemical Corp
011170
10,366.4
31


Korean Air Lines Co Ltd
003490
9,626.9
32


Hanon Systems
018880
9,569.8
33


HMM Co Ltd
011200
9,353.6
34


Posco Chemical Co Ltd
003670
9,280.4
35


S Oil Corp
010950
9,114.8
36


Hanwha Solutions Corp
009830
8,934.8
37


Samsung Fire &amp; Marine Insurance Co Ltd
000810
8,903.8
38


Korea Shipbuilding &amp;Offshore Engn Co Ltd
009540
8,854.5
39


SK Biopharmaceuticals Co Ltd
326030
8,259.9
40


LG Display Co Ltd
034220
8,147.3
41


Korea Zinc Inc
010130
7,665.4
42


Kumho Petro Chemical Co Ltd
011780
7,310.6
43


Woori Financial Group Inc
316140
7,287.7
44


KT Corp
030200
7,182.8
45


Hyundai Glovis Co Ltd
086280
7,140.6
46


Industrial Bank of Korea
024110
6,704.6
47


CJ Cheiljedang Corp
097950
6,277.2
48


Mirae Asset Securities Co Ltd
006800
6,172.1
49


Hyundai Steel Co
004020
6,135.2
50

Source: KRX



SK Bioscience K200 Entry: Potential Trades Reflecting SK Biopharm's Passive Inflow Pattern

South Korea

SK Bioscience Co.,Ltd. operates biopharmaceutical businesses. The Company produces vaccines, sky cellflu prefilled syringes, sky cellflu quadrivalent prefilled syringes, varicella drugs, and other related products. SK Bioscience markets its products throughout South Korea.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

SK Bioscience (302440 KS)

KOSPI200 Index Rebalance Preview: Review Period Almost Complete; Short Selling Commences in a Week

There could be up to 6 inclusions and 8 exclusions at the KOSPI200 index review in June. The inclusions could outperform the exclusions as short...

Brian Freitas

Why NPS Buys SK Bioscience Lately & Lurking Timing for KOSPI 200 Entry Event

This post investigates the recent buying of SK Bioscience by the Korea NPS and discusses the best lurking timing for KOSPI 200 entry event.

Sanghyun Park

Korea Spin-Offs: Index Treatment

LG Corp, F&F and Ecopro will be suspended from trading on 29 April due to their spin offs. Passive funds will sell stock at the close on 28 April...

Brian Freitas

SK BioS Lockup Release Today: FO Drop Can Signal a Tight Supply for Passive Mirroring K200

SK Bioscience's lockup releases hit the market today. A substantial drop in FO can signal a tighter supply for passive funds, increasing the...

Sanghyun Park

SK Bioscience K200 Entry: Potential Trades Reflecting SK Biopharm's Passive Inflow Pattern

This post finds the similarities between SK Biopharm and SK Bioscience concerning the passive money inflow pattern for the KOSPI 200 fast entry.

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)