In today’s briefing:
- Shorting Setup on Additions to KS200/KQ150 with KODEX Battery ETF Flow
- Coupang: Market Share Loss Likely Due to Launch of Naver’s 24 Hours Next Day Delivery Service
Shorting Setup on Additions to KS200/KQ150 with KODEX Battery ETF Flow
- Korea’s partial short-selling system, implemented in May last year, created a new trading pattern, a surge in short selling for new additions, immediately after index rebalancing.
- Canaria Bio, HPSP, and SungEel Hitech are highly likely to be the primary targets for short selling, but there is one more thing we need to consider.
- KODEX will likely begin rebalancing buying on HPSP and SungEel on December 9, the same day the short-selling starts for them. So, we need a more flexible setup.
Coupang: Market Share Loss Likely Due to Launch of Naver’s 24 Hours Next Day Delivery Service
- In December 2022, Naver plans to launch its long awaited 24 hours delivery service (Naver Arrival Guarantee Solution), competing directly against Coupang’s “rocket delivery” services in Korea.
- Coupang’s valuations are not attractive at current levels and the heightened competition in the 24 hour delivery service market from Naver/CJ Logistics is likely to negatively impact Coupang.
- By providing 24 hours quick delivery service, Naver is expected to take away market share from Coupang from the fast delivery services in Korea.
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