In today’s briefing:
- How to Buy A Company If You Have No Money
- KRX Foreign Holding Weekly (May 24th): Sk Hynix, Hyundai Motor, HHI, Samsung Electronics
- TWSE Short Interest Weekly (May 24th): Asustek Computer, Realtek Semi, Evergreen Marine
- TWSE Foreign Holding Weekly (May 24th): TSMC, Lite-On Tech, Umc, Hon Hai, Mediatek, E.Sun Financial
How to Buy A Company If You Have No Money
- We built an LBO model to identify possible leveraged buyout (LBO) candidates among the S&P 1500. We found that stocks which qualify under an LBO criteria are relatively rare.
- Many of the stocks identified by the LBO screen are blemished, each in a different way. The LBO model should only be used to identify stocks for further analysis.
- There is a heightened risk of value traps in many of the stocks. This is not a quantitative factor that can be blindly bought because of high stock-specific risk.
KRX Foreign Holding Weekly (May 24th): Sk Hynix, Hyundai Motor, HHI, Samsung Electronics
- We analyzed the changes in foreign holdings of KRX Stocks as of May 24th which has an aggregated holding worth USD533.9bn.
- We estimate that foreign flows to be inflows of USD443mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
- We highlight foreign changes in Sk Hynix, Hyundai Motor, Hd Hyundai Heavy, Samsung Electronics.
TWSE Short Interest Weekly (May 24th): Asustek Computer, Realtek Semi, Evergreen Marine
- We analyzed the changes in short interest of TWSE Stocks as of May 24th which has an aggregated short interest worth USD100.0bn.
- We tabulate league table for top short by value and short as multiple of ADT, as well as weekly increases & decreases in short value, short as multiple of ADT.
- We highlight short interest changes in Asustek Computer, Realtek Semi, Evergreen Marine, Quanta Computer, Hon Hai, Yang Ming Marine, Pharmaessentia.
TWSE Foreign Holding Weekly (May 24th): TSMC, Lite-On Tech, Umc, Hon Hai, Mediatek, E.Sun Financial
- We analyzed the changes in foreign holdings of TWSE Stocks as of May 24th which has an aggregated holding worth USD4,408.0bn.
- We estimate that foreign flows to be inflows of USD5,709mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
- We highlight foreign changes in TSMC, Lite-On Tech, Umc, Hon Hai, Mediatek, E.Sun Financial, Eva Airways, Ctbc Financial, Novatek, Sinopac Fncl.
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