Daily Brief Financials: Jafco Co Ltd, Samsung Life Insurance, Binance Coin, Nordea Bank AB, Agile Property Holdings, Guangzhou R&F Properties and more

• Entities related to noted Japanese activist Yoshiaki Murakami had bought 11+%, suggested 15%, proposed 51%, and pestered Jafco Co Ltd (8595 JP) for an asset sale and super-large buyback. 
• JAFCO decided to launch a poison pill process as a hostile takeover defence mechanism, with the Record Date at August month-end.
• The shares popped. I was bearish. It turns out Murakami affiliates sold the pop. And this starts the range trade.

• Another notable flow event is coming in the Korean local market. Samsung Life is preparing to shift from an index fund-focused management to an ETF-centric one.
• Samsung Life’s conversion process will take 2-3 months. We need to secure guidelines on the conversion procedure, phased conversion volume, and the percentage of conversion to theme ETFs.
• This can, in some cases, produce significant short-term flow events, as Samsung Life may accelerate the transfer of funds to KODEX’s theme ETFs during the conversion process.

• The new Mastercard Binance debit card allows users to make purchases with selected cryptocurrencies in their Binance wallet and will first be rolled out in Argentina.
• BNB, the Binance native token, will benefit from network effect as adoption for the crypto card grows.
• Binance is expanding its payment strategy as a tool to drive user adoption and expand its ecosystem.

• The EURO STOXX 50 Index is one of the most highly-watched indices in mainland Europe and the annual index review takes place in September.
• In Euro Stoxx 50 Quiddity Leaderboard for Sep 22: Eurozone’s Annual Big Impact Rebal Trades, we looked at the Potential ADDs/DELs and the historical performance of Rebalance Events. 
• With less than a week left until the Reference date, we take a final look at the rankings in this insight.

The Chinese Property Weekly focuses on providing updates in the Chinese real-estate sector, including recent regulatory and company developments, top and bottom performers, rating actions, as well as a list of bond maturities in the next 30 days.

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.

In this Insight:

1. China Oil And Gas
2. Geely Auto
3. Shimao Property Holdings
4. Kwg Property Holding
5. Seazen (Formerly Future Land)

and more…