Daily BriefsSouth Korea

Daily Brief South Korea: HPSP, SillaJen Inc and more

In today’s briefing:

  • KOSDAQ150 Index Rebalance Preview: Big Churn in IT, Healthcare Stocks
  • End of Mandatory Lock-Up Periods for 54 Companies in Korea in November 2022

KOSDAQ150 Index Rebalance Preview: Big Churn in IT, Healthcare Stocks

By Brian Freitas

  • With the review period complete, we see 11 potential changes to the KOSDAQ 150 Index (KOSDQ150 INDEX) at the December rebalance.
  • Most of the potential changes are high probability ones, but there are some stocks that are very close to market cap and liquidity cutoffs.
  • The impact of passive trading will be much higher on the potential deletes as compared to the potential inclusions, though trade notionals are higher for the potential adds.

End of Mandatory Lock-Up Periods for 54 Companies in Korea in November 2022

By Douglas Kim

  • We discuss end of the mandatory lock-up periods for 54 stocks in Korea in November 2022, among which 2 are in KOSPI and 52 are in KOSDAQ.
  • These 54 stocks on average could be subject to further selling pressures in November and could underperform relative to the market. 
  • Among these 54 stocks, the top 5 market cap stocks include Enchem, Sebit Chem, DearU, Sillajen, and Sampyo Cement. They could be exposed to greater selling pressures in November. 

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