Daily BriefsSouth Korea

Daily Brief South Korea: Hyundai Glovis and more

In today’s briefing:

  • Potential Recurrence of Local Flow Trade Patterns in Hyundai Glovis’s Stock Dividend Event


Potential Recurrence of Local Flow Trade Patterns in Hyundai Glovis’s Stock Dividend Event

By Sanghyun Park

  • Finding a trading entry point during a stock dividend event is tough, but locally, stock prices often rise post-ex-rights date and stabilize after listing, over 70% of the time.
  • There’s speculation that local flow trading, mainly driven by local prop traders, might target this pattern in Glovis’s stock dividend as well.
  • While I wouldn’t recommend banking on this probabilistic trading setup, it’s important to be aware that this could significantly impact stock movements from the ex-rights date to the listing date.

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