In today’s briefing:
- EOFlow: Insulet’s Injunction Doesn’t Thwart Medtronic’s Acquisition
- Long Short Flow Trading Opportunity: TIGER Semicon Top 10 ETF Rebalancing Next Friday
- What Did NPS Buy and Sell in 3Q 2023?
EOFlow: Insulet’s Injunction Doesn’t Thwart Medtronic’s Acquisition
- After Insulet Corp (PODD US) lodged a lawsuit against EOFlow (294090 KS), Flex, inter alia, on the 3rd August, the judge has thrice extended the temporary restraining order.
- But the big (ger) news is that a preliminary injunction comes into force today. Shares are down 2.5% as I type.
- This latest development should have been expected. And put simply: a proposed preliminary injunction doesn’t prevent Medtronic Plc (MDT US) from acquiring EOFlow.
Long Short Flow Trading Opportunity: TIGER Semicon Top 10 ETF Rebalancing Next Friday
- LX Semicon and Tokai Carbon Korea will be excluded, and these two positions will be filled by Eo Technics and either HPSP or ISC Co Ltd.
- The effective date is October 16th, and the rebalancing trading by the TIGER ETF occurs towards the closing (likely to start around 2 p.m.) on Friday, October 13th.
- The practical setup would entail an EO Technics-TCK Long Short pair. For a more aggressive strategy, we could explore the inclusion of HPSP in this setup.
What Did NPS Buy and Sell in 3Q 2023?
- In this insight, we provide the major changes in NPS’ stakes in 25 Korean companies in 3Q 2023.
- In 3Q 2023, NPS reduced its stakes in the IT, construction, and contents related stocks. On the other hand, NPS increased its stakes in China’s re-opening and cosmetics related stocks.
- Five Korean cosmetics stocks that NPS net purchased in 3Q 2023 are up on average 12.8% from end of June 2023 to as of 6 October 2023.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
