In today’s briefing:
- Korea: Potential Relegations from K League 1
- Zuiko Corp (6279 JP): Q3 FY02/25 flash update
Korea: Potential Relegations from K League 1
- There are quite a few stocks in Korea that have underperformed their peers and could be deleted from global passive portfolios in February.
- There are still 3 weeks left for the stocks to redeem themselves and avoid relegation from the K League, so watch out for big price moves.
- Based on our estimate of passive assets, trackers will need to trade between US$45m to US$114m of the stocks. Impact will vary between 2.6x-30x of ADV to trade.
Zuiko Corp (6279 JP): Q3 FY02/25 flash update
- Revenue decreased to JPY13.9bn, a 17.6% YoY decline, with significant drops in Japan and China sales.
- Operating loss of JPY303mn and recurring loss of JPY176mn were reported, with a net loss of JPY734mn.
- FY02/25 revenue forecast revised to JPY20.0bn, with expected operating profit and recurring profit declines.
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