Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Youlchon Chemical and more

In today’s briefing:

  • Target May 15th for LONG Youlchon Chemical with Dongkuk Steel’s Split Approval

Target May 15th for LONG Youlchon Chemical with Dongkuk Steel’s Split Approval

By Sanghyun Park

  • Through the regular rebalancing, Kum Yang and Cosmo Chemical will be included in KOSPI 200, and Youlchon Chemical will be included as an ad-hoc change due to Dongkuk Steel’s deletion.
  • We should prepare for an aggressive long position on Youlchon Chemical from a day trading perspective, targeting May 15th, the day after Dongkuk Steel’s general meeting.
  • If the meeting is scheduled for the morning, we should consider entering the position in the afternoon of the 12th.

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