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In today’s briefing:
- A Practical Guide to Create A Workable Electronic File for KOSPI 200 Rebalancing Simulation
- HDFC Bank – Rebalancing & MUFG Acquisition Benefit, Ongoing NPL Stability & Profit Strength
- Crypto Moves #35 – Keep Altcoins at an Arm’s Length From Your Portfolio
- Heliad – Market environment turning slightly more positive
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A Practical Guide to Create A Workable Electronic File for KOSPI 200 Rebalancing Simulation
- Predicting KOSPI 200 rebalancing is straightforward, focusing on quantitative screening rather than qualitative factors, unlike other indices.
- Accurate simulation of KOSPI 200 requires daily data on shares, volume, and prices for six months, typically sourced from KOSCOM due to limitations in free data access.
- I plan to share a practical KOSPI 200 simulation file with Smartkarma readers, leveraging freely available data from Google Finance.
HDFC Bank – Rebalancing & MUFG Acquisition Benefit, Ongoing NPL Stability & Profit Strength
- There is renewed interest in HDFC Bank given potential for stock index re-balancing as well as an acquisition for one of its subsidiaries
- The story with HDFC Bank is strong regardless of these new ancillary positives, where growth is incredibly stable, and credit metrics shine
- We remind that the amalgamation of HDFC Finance remains new, and gains are still not fully reflected, but a look at costs/assets shows progress
Crypto Moves #35 – Keep Altcoins at an Arm’s Length From Your Portfolio
- On March 7 of this year, we dedicated an entire edition of Crypto Moves to discussing our belief that this crypto bull market is the least speculative one yet.
- This edition, Crypto Moves #18, was aptly named: “The Least Speculative Bull Market,” and included the following summary:“The crypto market is getting less speculative by the minute.
- There is no need to chase the next big thing by risking funds on obscure altcoins or memecoins.
Heliad – Market environment turning slightly more positive
Heliad reported a net asset value (NAV) per share of €18.20 at end-March 2024, roughly unchanged compared to end-September 2023 (€18.17), as the 25% share price increase of the listed flatexDEGIRO (Heliad’s largest holding) offset some fair value reductions in Heliad’s private portfolio. Meanwhile, several of its portfolio companies announced important developments. This includes solid FY23 results from Raisin and Clark, the combination of Razor Group with Perch, FINN’s €100m funding round and Enpal’s €1.1bn debt raise. While venture capital (VC) deal activity and exit opportunities remain subdued, there are initial signs of a stabilisation and recovery.