In today’s briefing:
- MSCI Korea: Names to Trade for Feb IR & Names to Watch for May IR
- Merger Arb Mondays (13 Feb) – Newcrest, Nitro, Norwest, Boustead, Toyo, Ihara, Iwasaki Electric
MSCI Korea: Names to Trade for Feb IR & Names to Watch for May IR
- POSCO Holdings and Kumho Petro Chemical are expected to experience a level of passive outflow worthy of our attention in Feb QCIR.
- Newly emerging ones for May OCIR are Ecopro Co Ltd and Amorepacific Group. Ecopro’s inclusion is almost certain, and AmoreG isn’t too far off the borderline.
- Hanwha Aerospace also settled in the inclusion zone, whereas Posco International has moved somewhat away from the borderline. Lastly, there is S.M. Entertainment, which also deserves our attention.
Merger Arb Mondays (13 Feb) – Newcrest, Nitro, Norwest, Boustead, Toyo, Ihara, Iwasaki Electric
- We summarise the latest spreads and newsflow of merger arb situations covered by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Philippines, Thailand and Chinese ADRs.
- Highest spreads – Alliance Aviation Services (AQZ AU), 21Vianet Group (VNET US), Origin Energy (ORG AU), 111 Inc (YI US), Golden Energy & Resources (GER SP), Toyo Construction (1890 JP).
- Lowest spreads – Tyro Payments (TYR AU), Boustead Projects (BOCJ SP), Essential Metals (ESS AU), Nitro Software Ltd (NTO AU), Ihara Science (5999 JP), Nissin Electric (6641 JP).
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