In today’s briefing:
- Will Hana Financial Acquire KDB Life Insurance?
- EQD | S&P/ASX200: Ideas to Profit From a Directionless Market
- Short Note: HK RE – Supportive Mortgage Policy, Resi Developers Are Trading at Trough Valuation
Will Hana Financial Acquire KDB Life Insurance?
- On 13 July, it was reported in the local media that the Korea Development Bank selected Hana Financial as the preferred bidder for the sale of KDB Life Insurance.
- The potential overpaying for KDB Life and the rising delinquency rates of loans by all the major banks in Korea are likely to result in continued underperformance of Hana Financial.
- If Hana Financial is able to acquire KDB Life Insurance, this would boost Hana Financial as the 8th largest life insurance company in Korea in terms of asset size.
EQD | S&P/ASX200: Ideas to Profit From a Directionless Market
- The S&P/ASX 200 INDEX has been stuck in the 7000-7400 range for the past 16 weeks.
- If the index continues to be trendless for some more weeks, it’s possible to profit from repeatedly writing Covered Calls against ASX 200 index holdings.
- Strike target areas for Covered Calls begin in the 7319-7409 (July 20 expiry). Deeper OTM Strikes are safe, but the premiums are smaller.
Short Note: HK RE – Supportive Mortgage Policy, Resi Developers Are Trading at Trough Valuation
- On July 7, HKMA announced measures to ease property based lending. The major changes involve relaxation of LTVs, according to property values
- We see these policies target the up-graders and will support the residential market. Housing price has been on a decline trend since early 2022
- Residential developers are trading at attractive valuation. In particular, we see a lot of upside for 17 HK NWD and 101 HK HLP
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