In today’s briefing:
- Backtesting Implications: Korea Sector ETFs Rebalancing on the 8th
- Nikon (7731) | Snapping up a 3D Printing World Leader
Backtesting Implications: Korea Sector ETFs Rebalancing on the 8th
- Compared to the tightly crowded KOSPI 200, the sector ETFs’ rebalancing flow trading appears relatively less crowded, which led to a significantly higher flow/price correlation on the rebalancing day.
- The KRX now delivers the rebalancing results of the KRX Sector & K-New Deal Indexes only to paying customers. This can increase the profit effect of acquiring prior information.
- So, safe play, which builds up a position from the time this information is acquired, rather than an aggressive preemptive position build-up, can still obtain a sufficient level of juice.
Nikon (7731) | Snapping up a 3D Printing World Leader
- We believe the market may have missed the important acquisition of 3D printing firm, SLM Solutions
- The 3D printing market is expected to grow rapidly driven by industrial applications that require accurate products and rapid time to market
- We believe the acquisition is a good fit for Nikon and that the realization of synergies could see SLM making a meaningful profit contribution
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