Daily Brief Financials: Korea Stock Exchange Kospi Index, Hang Seng Index, Morguard Real Estate Investmen and more

• Kim Byung-hwan addressed criticism of weak incentives in tax support for the value-up policy, emphasizing boosting dividends. His background suggests effective advocacy for tax reforms in his new role.
• He prioritized abolishing the FIIT in the National Assembly, citing its hindrance to capital market liquidity and investment promotion, indicating a robust approach to the value-up policy.
• Kim’s appointment as FSC Chairman signals the government’s commitment to advancing the value-up policy. He emphasizes boosting dividends and aligning tax policies accordingly, shaping trading strategies toward dividend-expanding companies.

• After an explosive rally in April, the Hang Seng Index has been in a downtrend since mid-May, many are wondering where the index is headed next.
• July 2024, based on our seasonal pattern analysis, does not have a great chance to close higher (it could, but the odds are not good).
• If the index goes down in the next 2 weeks, buy the 17600-17300 price area.

• Morguard REIT (MRT) is considered undervalued due to its exposure to commercial real estate, particularly in the office sector
• MRT, a part of the Morguard group, is expected to unlock its value through a catalyst similar to Temple Hotels (TPH)
• Despite being part of Morguard Corp (MRC), MRT has traditionally traded at a discount to its own NAV, with an estimated value of $7.5+ per unit and potential development asset upside, offering a projected downside of $4.5 per unit.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.