In today’s briefing:
- Meritz Merger Approved: Let’s Now Discuss Key Dates & Entry Points For LONG DGB Financial
- HYBE: May Be Seeking to Raise As Much as 1 Trillion Won (Will Investors Support This Plan)?
Meritz Merger Approved: Let’s Now Discuss Key Dates & Entry Points For LONG DGB Financial
- K200 ad hoc change announcement date should be March 30 as the buyback ends on March 28, and rebalancing trading should occur on March 31.
- From a juice-level perspective, the entry point and timing for JB Financial showed much better performance from EGM approval rather than the announcement.
- We should consider gradually building up positions from this point until March 30 announcement or one day after (T-1 effective) while utilizing Kodex Banks ETF to hedge our long positions.
HYBE: May Be Seeking to Raise As Much as 1 Trillion Won (Will Investors Support This Plan)?
- In the last few days, there have been local media accounts that mentioned that HYBE may be seeking as much as 1 trillion won (US$760 million) from investors.
- The more likely scenario is that HYBE encounters a greater backlash from the global investors in its attempts to raise nearly 1 trillion won.
- We maintain our existing stance of Kakao eventually winning this M&A battle for the controlling stake in SM Entertainment.
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