In today’s briefing:
- Breaking Down Korean Regulators’ Official Details on New Short Selling System
- Zeekr Pre-IPO – Quick Note – Recent Filing Updates – 007, Earnings on Track
- EQD | KOSPI 200 Stalling: Where to Go LONG on the Pullback?
- Crypto Markets Take Center Stage
- Funding Societies raises US$7.5M debt financing from Norway’s state-owned Norfund | e27
- SG-based Lendela raises $5m to fuel expansion in Asia Pacific
Breaking Down Korean Regulators’ Official Details on New Short Selling System
- Concerning the newly imposed 90-day mandatory repayment period for institutional investors, the elimination of the recall risk during this period is not included in this improvement plan.
- The right to re-establish the same short-selling position after the 90-day repayment period is unlimited. We should pay attention to the potential of this creating new trading events.
- Institutions borrowing stocks from overseas are not subject to the 105% collateral ratio. However, everyone is subject to the 90-day repayment period, even for investors who borrow stocks from overseas.
Zeekr Pre-IPO – Quick Note – Recent Filing Updates – 007, Earnings on Track
- ZEEKR (ZK US), a premium EV brand by Geely Auto (175 HK), aims to raise around US$500m in its US listing.
- Zeekr was formed in Mar 2021 as a JV between Geely and its founder. Its first model was launched in Apr 21 with deliveries starting in Oct 21.
- We have looked at the company’s past performance and valuations in our earlier notes. In this note, we talk about the updates from its recent filings.
EQD | KOSPI 200 Stalling: Where to Go LONG on the Pullback?
- The KOSPI 200 INDEX has been rising for 4 weeks, it’s OVERBOUGHT and may soon perform a quick pullback, followed possibly by another rally.
- The upcoming pullback is likely to be short-lived, in this insight we analyze where the pullback can reach, and where it should be possible to go LONG again.
- The price area to watch is 330-326: if the index reaches there, the LONG trade odds will be good (assuming the uptrend will continue into the end of the year).
Crypto Markets Take Center Stage
- BTC is up ~140% since its bottom 1yr ago. Prior instances imply BTC is in the early innings of a new bull cycle with most of its expected gains ahead.
- Market breadth is expanding as we are seeing industry wide participation in recent weeks.
- Onchain borrowing activity is picking up, as are average lending rates and utilization rates on stablecoins, which are some of the most popular assets to borrow during market uptrends.
Funding Societies raises US$7.5M debt financing from Norway’s state-owned Norfund | e27
- Digital finance platform for SMEs in Southeast Asia, Funding Societies (Modalku in Indonesia), has secured US$7.5 million in debt funding from Norwegian government-owned development financial institution (DFI) Norfund.
- The fintech lender will channel the funds via its tailored financing solutions to the SME segments across all five markets.
- This is Norfund’s first debt transaction with a fintech SME lender in Southeast Asia.
SG-based Lendela raises $5m to fuel expansion in Asia Pacific
- Lending platform Lendela said it hit profitability in Singapore and Hong Kong, as well as doubled its revenue growth in the past year.
- The Singapore-based company is now looking to expand its presence across Asia Pacific.
- To bankroll these plans, Lendela has secured US$5 million in a series A funding round led by Chocolate Ventures.
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