Smartkarma Daily Briefs

IJTT Co., Ltd. (7315 JP) was perhaps one of the lower-priced parent takeovers (Isuzu remains central to the bidder post-buyout) at 0.46x book. Today, the last day, it got bumped.
The new price is ¥850/share vs ¥812/share. +4.7% and a whopping 0.48x book now. ¥850 is where the stock traded just before the announcement. It immediately jumped to ¥875/share.
It appears Isuzu is not getting any more money out of this, but they should be OK. They are buying back in at 0.48x book. With leverage.

Convenience Wear: Familymart Competes with Uniqlo in Basics

By Michael Causton

The almost viral popularity of Familymart’s line of basic clothing items continues to grow and shows the real potential for convenience stores to diversify and adapt.
Backed by Itochu, Familymart has expanded the product range and added new, limited edition items and brand collaborations, creating a success story that Seven Eleven may find hard to emulate.
Lawson, however, is controlled by Mitsubishi Corp which happens to have a clothing production arm that was behind the early success of Uniqlo and Adastria.

23 Dividend Yielding Mid Caps – Report Card For 2023

By Sameer Taneja

We compile a report card for dividend-yielding mid-caps that filter out on favorable characteristics of having net cash, decent ROEs, growth, etc.
It’s been a disappointing year in share price performance owing to the negativity surrounding China and soft business performance in some cases, but there have been some bright spots.
We help provide a comprehensive list of our updates on some names and an outlook for 2024. It’s our last insight for 2023, so happy new year everyone!

Monthly Chinese Tourism Tracker | No “Pent-Up Demand”! | Weak YTD Returns, Too | (December 2023)

By Daniel Hellberg

“Pent-Up demand”? No signs of it anywhere in outbound or domestic metrics
Sluggish outbound demand, capacity trajectories continued to lag in November
YTD share performance weak, mirrors disappointing recovery in travel activity

Demand for Disclosure to Answer the Goal of Promoting Sustainability to Increase Corporate Value

By Aki Matsumoto

60% companies have established policies to promote human capital. Companies will be asked whether their goals are reasonable and whether their actual measures and progress toward those goals are sufficient.
Since many companies have set a target of 14-15% for % female managerial positions around 2025, it makes us worry whether they can really achieve 30% target in 2030.
Few companies have disclosed specific impact estimates under certain conditions. It’s expected that some proactive companies will push others to do the same regarding “Scope 3” in the future.

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Dec 26

Daily Brief Financials: Daiwa House Reit Investment, Korea Stock Exchange KOSPI 200 and more

By Smartkarma Daily Briefs | Daily Briefs, Financials

In today’s briefing:

Japan – Increasing Shorts on Some Interesting Stocks
EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

Japan – Increasing Shorts on Some Interesting Stocks

There are a bunch of stocks that have underperformed the Nikkei 225 (NKY INDEX) and their peers and could be deleted from global passive portfolios early next year.
The deletion from passive portfolios will lead to a liquidity event at the end of February where passive trackers will need to sell multiple days of ADV.
Shorts have started to increase on some of the stocks and there will be further positioning as we near the liquidity event.

EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

By Nico Rosti

The KOSPI 200 INDEX closed up 8 weeks in a row and breached the Inner Fence resistance target at 349, the index is now very OVERBOUGHT.
The upcoming pullback could be an occasion to go LONG at better prices: based on pattern analysis there is a chance the correction may be a large one, albeit fast.
Support levels to buy are in the 346-336 price area.

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Dec 26

Daily Brief Health Care: Hangzhou Tigermed Consulting C and more

By Smartkarma Daily Briefs | Daily Briefs, Healthcare

In today’s briefing:

China Healthcare Weekly (Dec.25) – Stock Picking Strategy, Logic Flaws Behind a Good Story, Tigermed

China Healthcare Weekly (Dec.25) – Stock Picking Strategy, Logic Flaws Behind a Good Story, Tigermed

By Xinyao (Criss) Wang

In the Chinese pharmaceutical industry, stock selection strategies can be divided into “defensive” and “offensive”. We need to combine the judgment of the cycle to choose a stock picking strategy.
Domestic innovative pharmaceutical companies have the opportunity to create a high gross-margin incremental market of over RMB1 trillion through successful internationalization, but we pointed out the logical flaw behind.
We analyzed the key points of Hangzhou Tigermed Consulting (3347 HK). It seems insiders don’t have firm confidence in the prospects, so why should investors rush to buy the bottom?

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Dec 26

Daily Brief ESG: Demand for Disclosure to Answer the Goal of Promoting Sustainability to Increase Corporate Value and more

By Smartkarma Daily Briefs | Daily Briefs, ESG

In today’s briefing:

Demand for Disclosure to Answer the Goal of Promoting Sustainability to Increase Corporate Value

Demand for Disclosure to Answer the Goal of Promoting Sustainability to Increase Corporate Value

By Aki Matsumoto

60% companies have established policies to promote human capital. Companies will be asked whether their goals are reasonable and whether their actual measures and progress toward those goals are sufficient.
Since many companies have set a target of 14-15% for % female managerial positions around 2025, it makes us worry whether they can really achieve 30% target in 2030.
Few companies have disclosed specific impact estimates under certain conditions. It’s expected that some proactive companies will push others to do the same regarding “Scope 3” in the future.

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The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

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✓ Custom Watchlists
✓ Company Data and News
✓ Events & Webinars

Dec 26

Daily Brief Thematic (Sector/Industry): China Tourism and Hospitality Industry: Boom in 2024 New Year Travel Demand and more

By Smartkarma Daily Briefs | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

China Tourism and Hospitality Industry: Boom in 2024 New Year Travel Demand

China Tourism and Hospitality Industry: Boom in 2024 New Year Travel Demand

By Osbert Tang, CFA

Data from Trip.com Group (9961 HK) showed good improvement in travel demand for the 2024 New Year holidays. The volume of various orders has surged between 2x and 5x YoY.
Aggregate net profit for the tourism and hospitality sector has turned around to Rmb20.4bn in 3Q23, from losses of Rmb24.7bn a year ago, demonstrating solid profitability recovery.
An average of 32% drop in the sector’s share price YTD is unjustified. We like Tongcheng Travel (780 HK), Air China (H) (753 HK) and Fosun Tourism (1992 HK).

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Dec 26

Daily Brief Event-Driven: IJTT (7315 JP) – Truly Offensive Takeover Price Gets Bumped and more

By Smartkarma Daily Briefs | Daily Briefs, Event-Driven

In today’s briefing:

IJTT (7315 JP) – Truly Offensive Takeover Price Gets Bumped, Offensively
Japan – Increasing Shorts on Some Interesting Stocks
SBI To Buy Gumi (3903) Shares To Up Stake to Near 30% (And Try To Avoid Impairment)
Meldia DC (1739 JP) – Open House Group Cleans Up Sanei Architecture Sub in TOB.
ABB’s Offer For Symbio (SYM AU): 7th Feb Shareholder Vote
IRC Limited (1029 HK): A Wide Spread as the Conditional Offer Opens
Hollysys (HOLI US): Dazheng Ups the Ante with a US$29.00 Competing Offer
EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

IJTT (7315 JP) – Truly Offensive Takeover Price Gets Bumped, Offensively

IJTT Co., Ltd. (7315 JP) was perhaps one of the lower-priced parent takeovers (Isuzu remains central to the bidder post-buyout) at 0.46x book. Today, the last day, it got bumped.
The new price is ¥850/share vs ¥812/share. +4.7% and a whopping 0.48x book now. ¥850 is where the stock traded just before the announcement. It immediately jumped to ¥875/share.
It appears Isuzu is not getting any more money out of this, but they should be OK. They are buying back in at 0.48x book. With leverage.

Japan – Increasing Shorts on Some Interesting Stocks

There are a bunch of stocks that have underperformed the Nikkei 225 (NKY INDEX) and their peers and could be deleted from global passive portfolios early next year.
The deletion from passive portfolios will lead to a liquidity event at the end of February where passive trackers will need to sell multiple days of ADV.
Shorts have started to increase on some of the stocks and there will be further positioning as we near the liquidity event.

SBI To Buy Gumi (3903) Shares To Up Stake to Near 30% (And Try To Avoid Impairment)

Today after the close, SBI Holdings (8473 JP) made an announcement it would buy (up to) 3.0mm shares of Gumi Inc (3903 JP) shares between tomorrow and end-March 2024.
SBI already owns 8.8mm shares, and this would bring them close to 30.0%.
SBI did not specifically say they would buy on market, but the next 400,000 shares would require a large shareholder filing amendment.

Meldia DC (1739 JP) – Open House Group Cleans Up Sanei Architecture Sub in TOB.

Open House (3288 JP) took over Sanei Architecture Planning (3228 JP) this past autumn when banks forced the issue over the former CEO/owner’s mafia ties discovered in an investigation.
Seedheiwa (1739 JP) now better known as Meldia DC, is ~60% held by Sanei Architecture Planning, and 3% by Mr Koike. It has debt. So it needs cleaning up too.
This is too light for minorities, and even lighter for whole co, but it’s a done deal.

ABB’s Offer For Symbio (SYM AU): 7th Feb Shareholder Vote

On the 1st November, cloud communication software outfit Symbio Holdings (SYM AU) backed Aussie Broadband Pty Ltd (ABB AU)‘s reduced cash/scrip Offer of A$2.99-$3.04/share, and entered into a Scheme agreement.
Superloop Ltd (SLC AU), which had previously made two cash/scrip Offers for Symbio, promptly walked.
Symbio’s Scheme Meeting has now been tabled for the 7 Feb, with implementation expected on the 28 February. The IE is supportive. This is done – and trading tight.

IRC Limited (1029 HK): A Wide Spread as the Conditional Offer Opens

The Irc Ltd (1029 HK) IFA opines that a mandatory conditional offer from Nikolai Levitskii (Chairman and 30.61% shareholder) at HK$0.118 per share is fair and reasonable.
The offer is open, with the first closing date of 12 January 2024. The offer is conditional on the offeror and concert parties representing more than 50% of voting rights.
While the offer is light, satisfying the minimum acceptance condition is possible. The risk/reward profile is favourable as the upside (25.5% spread) outweighs the downside (5.3% to the undistributed price).

Hollysys (HOLI US): Dazheng Ups the Ante with a US$29.00 Competing Offer

Dazheng (without Recco) has returned with a revised US$29.00 offer for Hollysys Automation Technologies (HOLI US), 9.4% higher than Ascendent Capital’s US$26.50 binding offer.
While Dazheng’s proposal represents an all-time high, it would likely not be a superior proposal based on the Ascendent merger agreement due to the clauses on financing and due diligence.
Nevertheless, to avoid the high risk that shareholders vote down the Ascendent offer and/or there are substantial dissenting shareholders, the Board will likely ask Ascendent to match Dazheng’s offer.

EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

By Nico Rosti

The KOSPI 200 INDEX closed up 8 weeks in a row and breached the Inner Fence resistance target at 349, the index is now very OVERBOUGHT.
The upcoming pullback could be an occasion to go LONG at better prices: based on pattern analysis there is a chance the correction may be a large one, albeit fast.
Support levels to buy are in the 346-336 price area.

💡 Before it’s here, it’s on Smartkarma

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✓ Company Data and News
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Dec 26

Daily Brief Equity Bottom-Up: KYEC (2449.TT): The Revenue Outlook Will Be an Upward Pickup in 2024F. and more

By Smartkarma Daily Briefs | Daily Briefs, Equity Bottom-Up

In today’s briefing:

KYEC (2449.TT): The Revenue Outlook Will Be an Upward Pickup in 2024F.
Convenience Wear: Familymart Competes with Uniqlo in Basics
23 Dividend Yielding Mid Caps – Report Card For 2023
Tencent/Netease: Netease Tops ’23 League Table with Most Games Approved
MediaTek (2454.TT): The Revenue Is Likely Upside Around 10% QoQ in 1Q24F.
Indocement Tunggal (INTP IJ) – A More Sustainable Cement Player
Monthly Chinese Tourism Tracker | No “Pent-Up Demand”! | Weak YTD Returns, Too | (December 2023)
Power Semiconductor Specialist Will Benefit from AI Yet Lagging Key Customers’ Share Price Rallies
China Healthcare Weekly (Dec.25) – Stock Picking Strategy, Logic Flaws Behind a Good Story, Tigermed
Taiwan Dual-Listings Monitor: TSMC Premium at a Decent Short Level; ASE Short Interest Declining

KYEC (2449.TT): The Revenue Outlook Will Be an Upward Pickup in 2024F.

By Patrick Liao

It’s a greater chance that there will be an upward pickup in 2024F revenue for King Yuan Electronics Co, Ltd. (2449 TT), but the magnitude is hard to predict in 1H24.
It is expected the revenue to decline by approximately -5% in 1Q24F.
However, the demand for CoWoS at a corporate level is expected to increase by about 10% in 2024F .

Convenience Wear: Familymart Competes with Uniqlo in Basics

By Michael Causton

The almost viral popularity of Familymart’s line of basic clothing items continues to grow and shows the real potential for convenience stores to diversify and adapt.
Backed by Itochu, Familymart has expanded the product range and added new, limited edition items and brand collaborations, creating a success story that Seven Eleven may find hard to emulate.
Lawson, however, is controlled by Mitsubishi Corp which happens to have a clothing production arm that was behind the early success of Uniqlo and Adastria.

23 Dividend Yielding Mid Caps – Report Card For 2023

By Sameer Taneja

We compile a report card for dividend-yielding mid-caps that filter out on favorable characteristics of having net cash, decent ROEs, growth, etc.
It’s been a disappointing year in share price performance owing to the negativity surrounding China and soft business performance in some cases, but there have been some bright spots.
We help provide a comprehensive list of our updates on some names and an outlook for 2024. It’s our last insight for 2023, so happy new year everyone!

Tencent/Netease: Netease Tops ’23 League Table with Most Games Approved

By Ke Yan, CFA, FRM

China announced game approval for the December batch. The number of games approved has increased compared to recent months.
The pace of China game approval appears to be accelerating, to the same level as pre-tightening.
Netease scored two approvals while Tencent scored one. Netease finished the year with the most games approved.

MediaTek (2454.TT): The Revenue Is Likely Upside Around 10% QoQ in 1Q24F.

By Patrick Liao

For the upcoming revenue outlook, MediaTek Inc (2454 TT) is likely to reach an upside of around 10% QoQ in 1Q24F.
MediaTek plans to release 12 million units of the Dimensity 9000 series in 2024F.
Mediatek’s target markets include China, India, and Southeast Asia, with China remaining the primary market of focus.

Indocement Tunggal (INTP IJ) – A More Sustainable Cement Player

By Angus Mackintosh

Indocement (INTP IJ) is trading close to 2-year lows, which seems unjustified given the ongoing recovery and a more positive outlook for FY2024.
The company continues to grow its distribution reach to satisfy demand from IKN in Kalimantan, smelters in Sulawesi, and East Indonesia, with acquired Semen Grobogan feeding Central Java.
Indocement (INTP IJ) continues to build on its sustainable credentials through the use of alternative fuels and reducing emissions and dust. Valauations are attractive trading on 6.8x FY2024E EV/EBITDA.

Monthly Chinese Tourism Tracker | No “Pent-Up Demand”! | Weak YTD Returns, Too | (December 2023)

By Daniel Hellberg

“Pent-Up demand”? No signs of it anywhere in outbound or domestic metrics
Sluggish outbound demand, capacity trajectories continued to lag in November
YTD share performance weak, mirrors disappointing recovery in travel activity

Power Semiconductor Specialist Will Benefit from AI Yet Lagging Key Customers’ Share Price Rallies

By Vincent Fernando, CFA

UPI Semi is a specialist designer of electronic components and semiconductors for power management. Power management is a key performance factor for AI devices.
UPI’s clients include most of the world’s largest leading technology companies for semiconductor distribution and AI products.
UPI shares have lagged the strong performance of its clients — We see opportunity for UPI to now Outperform.

China Healthcare Weekly (Dec.25) – Stock Picking Strategy, Logic Flaws Behind a Good Story, Tigermed

By Xinyao (Criss) Wang

In the Chinese pharmaceutical industry, stock selection strategies can be divided into “defensive” and “offensive”. We need to combine the judgment of the cycle to choose a stock picking strategy.
Domestic innovative pharmaceutical companies have the opportunity to create a high gross-margin incremental market of over RMB1 trillion through successful internationalization, but we pointed out the logical flaw behind.
We analyzed the key points of Hangzhou Tigermed Consulting (3347 HK). It seems insiders don’t have firm confidence in the prospects, so why should investors rush to buy the bottom?

Taiwan Dual-Listings Monitor: TSMC Premium at a Decent Short Level; ASE Short Interest Declining

By Vincent Fernando, CFA

TSMC: 10.5% Premium — Still a Good Level to Short the Spread
UMC: Trading at -1.1% Discount — Uncompelling, Wait for Deeper Discount
ASE: 8.8% Premium — Still Wait for Lower Levels Before Going Long

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Dec 26

Most Read: Newcrest Mining, IJTT Co., Ltd., Daiwa House Reit Investment, Newmont , Posco DX, Gumi Inc, JSR Corp, Seedheiwa, Symbio Holdings, Irc Ltd and more

By Smartkarma Daily Briefs | Daily Briefs, Most Read

In today’s briefing:

Newcrest: Shareholder Vote On 13th Oct
IJTT (7315 JP) – Truly Offensive Takeover Price Gets Bumped, Offensively
Japan – Increasing Shorts on Some Interesting Stocks
Newmont’s Upcoming (March 2024) ASX Selldown
Index Rebalance & ETF Flow Recap: STAR50, SET50, AMFI, KOSDAQ150
SBI To Buy Gumi (3903) Shares To Up Stake to Near 30% (And Try To Avoid Impairment)
Merger Arb Mondays (25 Dec) – JSR, Benefit One, IRC, Adbri, Link, A2B, Probiotec, Lithium Power
Meldia DC (1739 JP) – Open House Group Cleans Up Sanei Architecture Sub in TOB.
ABB’s Offer For Symbio (SYM AU): 7th Feb Shareholder Vote
IRC Limited (1029 HK): A Wide Spread as the Conditional Offer Opens

Newcrest: Shareholder Vote On 13th Oct

After being granted due diligence, Newmont (NEM US) firmed an all-scrip Offer on the 15 May for Newcrest (NCM AU) at 0.400 new Newmont shares for each Newcrest share held.
The Offer, by way of a Scheme, permits Newcrest to pay a special franked dividend of up to $US1.10/share on top of the Offer terms.
The Scheme Booklet has now been lodged with ASIC. Newcrest shareholders vote on the transaction on the 13 October. The record date for the special dividend is the 19 October.

IJTT (7315 JP) – Truly Offensive Takeover Price Gets Bumped, Offensively

IJTT Co., Ltd. (7315 JP) was perhaps one of the lower-priced parent takeovers (Isuzu remains central to the bidder post-buyout) at 0.46x book. Today, the last day, it got bumped.
The new price is ¥850/share vs ¥812/share. +4.7% and a whopping 0.48x book now. ¥850 is where the stock traded just before the announcement. It immediately jumped to ¥875/share.
It appears Isuzu is not getting any more money out of this, but they should be OK. They are buying back in at 0.48x book. With leverage.

Japan – Increasing Shorts on Some Interesting Stocks

There are a bunch of stocks that have underperformed the Nikkei 225 (NKY INDEX) and their peers and could be deleted from global passive portfolios early next year.
The deletion from passive portfolios will lead to a liquidity event at the end of February where passive trackers will need to sell multiple days of ADV.
Shorts have started to increase on some of the stocks and there will be further positioning as we near the liquidity event.

Newmont’s Upcoming (March 2024) ASX Selldown

As warned in Newcrest-Newmont Merger: Fancy Index Shenanigans in October, the merger construct meant flowfront, index flowback, then later index flowback.
We are now between the second and third events. The data on the third is there, but it won’t be obvious to everyone.
There should be a large, not publicly announced, downweight on Newmont (NEM AU) in the March 2024 index review for the major local indices.

Index Rebalance & ETF Flow Recap: STAR50, SET50, AMFI, KOSDAQ150

The adhoc KOSDAQ 150 Index rebalance and the regular Nifty200 Momentum30 Index rebalance will be implemented on Thursday and the SET 50 Index rebalance will be implemented on Friday.
The review cutoff period for a whole bunch of indices ends on 29 December and the announcement of the results and implementation will take place early next year.
There were big inflows to China ETFs and to Emerging Market ETFs including iShares Core Emerging Mar (IEMG US), Vanguard Emerging Markets (VWO US) and iShares Emerging Markets (EMXC US).

SBI To Buy Gumi (3903) Shares To Up Stake to Near 30% (And Try To Avoid Impairment)

Today after the close, SBI Holdings (8473 JP) made an announcement it would buy (up to) 3.0mm shares of Gumi Inc (3903 JP) shares between tomorrow and end-March 2024.
SBI already owns 8.8mm shares, and this would bring them close to 30.0%.
SBI did not specifically say they would buy on market, but the next 400,000 shares would require a large shareholder filing amendment.

Merger Arb Mondays (25 Dec) – JSR, Benefit One, IRC, Adbri, Link, A2B, Probiotec, Lithium Power

We summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Philippines, Thailand and Chinese ADRs.
Highest spreads – Irc Ltd (1029 HK), Orecorp Ltd (ORR AU), Shinko Electric Industries (6967 JP), JSR Corp (4185 JP), Adbri (ABC AU), Probiotec Ltd (PBP AU), Volpara Health.
Lowest spreads – Tietto Minerals Ltd (TIE AU), A2B Australia (A2B AU), IJTT Co., Ltd. (7315 JP), T&K Toka Co Ltd (4636 JP), Tokyo Rakutenchi (8842 JP), Pact Group.

Meldia DC (1739 JP) – Open House Group Cleans Up Sanei Architecture Sub in TOB.

Open House (3288 JP) took over Sanei Architecture Planning (3228 JP) this past autumn when banks forced the issue over the former CEO/owner’s mafia ties discovered in an investigation.
Seedheiwa (1739 JP) now better known as Meldia DC, is ~60% held by Sanei Architecture Planning, and 3% by Mr Koike. It has debt. So it needs cleaning up too.
This is too light for minorities, and even lighter for whole co, but it’s a done deal.

ABB’s Offer For Symbio (SYM AU): 7th Feb Shareholder Vote

On the 1st November, cloud communication software outfit Symbio Holdings (SYM AU) backed Aussie Broadband Pty Ltd (ABB AU)‘s reduced cash/scrip Offer of A$2.99-$3.04/share, and entered into a Scheme agreement.
Superloop Ltd (SLC AU), which had previously made two cash/scrip Offers for Symbio, promptly walked.
Symbio’s Scheme Meeting has now been tabled for the 7 Feb, with implementation expected on the 28 February. The IE is supportive. This is done – and trading tight.

IRC Limited (1029 HK): A Wide Spread as the Conditional Offer Opens

The Irc Ltd (1029 HK) IFA opines that a mandatory conditional offer from Nikolai Levitskii (Chairman and 30.61% shareholder) at HK$0.118 per share is fair and reasonable.
The offer is open, with the first closing date of 12 January 2024. The offer is conditional on the offeror and concert parties representing more than 50% of voting rights.
While the offer is light, satisfying the minimum acceptance condition is possible. The risk/reward profile is favourable as the upside (25.5% spread) outweighs the downside (5.3% to the undistributed price).

💡 Before it’s here, it’s on Smartkarma

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

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✓ Company Analytics and News
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Dec 26

Daily Brief South Korea: Korea Stock Exchange KOSPI 200 and more

By Smartkarma Daily Briefs | Daily Briefs, South Korea

In today’s briefing:

EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

EQD | KOSPI 200 Shows a Bullish Pattern for the Upcoming Pullback

By Nico Rosti

The KOSPI 200 INDEX closed up 8 weeks in a row and breached the Inner Fence resistance target at 349, the index is now very OVERBOUGHT.
The upcoming pullback could be an occasion to go LONG at better prices: based on pattern analysis there is a chance the correction may be a large one, albeit fast.
Support levels to buy are in the 346-336 price area.

💡 Before it’s here, it’s on Smartkarma

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

✓ Unlimited Research Summaries
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✓ Custom Watchlists
✓ Company Data and News
✓ Events & Webinars

Dec 26

Daily Brief Australia: Symbio Holdings and more

By Smartkarma Daily Briefs | Australia, Daily Briefs

In today’s briefing:

ABB’s Offer For Symbio (SYM AU): 7th Feb Shareholder Vote

ABB’s Offer For Symbio (SYM AU): 7th Feb Shareholder Vote