Daily BriefsEvent-Driven

Daily Brief Event-Driven: Emerging Korean Investment Theme: Potential Corporate Defense Mechanisms for Share Cancellations and more

In today’s briefing:

  • Emerging Korean Investment Theme: Potential Corporate Defense Mechanisms for Share Cancellations
  • StubWorld: Union Stikes Impact MGM; MGM China Tops Pre-Covid Numbers
  • EQD | HSI Rally: Possible Brief Stop This Week


Emerging Korean Investment Theme: Potential Corporate Defense Mechanisms for Share Cancellations

By Sanghyun Park

  • Local sources confirm government’s focus on strengthening stock market for April election. Market expects aggressive policies for share cancellations, including corporate defense mechanisms.
  • Chosun Ilbo, a government-friendly and influential media outlet,  advocates for corporate defense mechanisms to boost share cancellations, shaping a political atmosphere.
  • This theme is likely to emerge in Korea’s market. We must consider political dynamics and screen companies with high treasury shares for potential stock boosts.

StubWorld: Union Stikes Impact MGM; MGM China Tops Pre-Covid Numbers

By David Blennerhassett

  • MGM China Holdings (2282 HK)‘s FY23 top line surpasses pre-Covid levels. MGM Resorts International (MGM US) figures hit by union strike at MGM Grand Detroit.
  • Preceding my comments on MGM are the current setup/unwind tables for Asia-Pacific Holdcos.
  • These relationships trade with a minimum liquidity of US$1mn, and a % market capitalisation >20%.

EQD | HSI Rally: Possible Brief Stop This Week

By Nico Rosti

  • The Hang Seng Index is rallying as anticipated in a previous insight, but it could stop this week and pullback a bit. 
  • 3 possible trades available: go SHORT and hold to profit from a re-start of the downtrend, go SHORT and close after 1 week, wait the pullback and go LONG.
  • It’s unclear at the moment if the index will go lower or rebound after the upcoming pullback.

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

Sign Up for Free

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

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