In today’s briefing:
- KOSPI200 Rebalance in December 2023 Highlighted by Locals
- KT&G: A New Shareholder Return Policy Worth 2.8 Trillion Won Over Next 3 Years
KOSPI200 Rebalance in December 2023 Highlighted by Locals
- This article discusses the potential inclusions and exclusions of KOSPI200 rebalance inDecember 2023 (especially those that are highlighted by the locals).
- Stocks that are expected to be added to the KOSPI200 index include Posco DX, HD Hyundai Electric, Sam-A Aluminum, TCC Steel, and Dentium.
- Stocks that are expected to be excluded in the KOSPI200 index Include Zinus, Handsome, Cuckoo Homesys, Taekwang Industrial, and Hyundai Home Shopping.
KT&G: A New Shareholder Return Policy Worth 2.8 Trillion Won Over Next 3 Years
- KT&G announced a new shareholder return policy worth 2.8 trillion won (including dividend payout of 1.8 trillion won and treasury shares purchase/cancellation of 1.0 trillion won) over next three years.
- In addition, the company plans to cancel about 7.5% of the company’s existing treasury shares which represents about 142 billion won (1.2% of outstanding shares).
- Although this 2.8 trillion won in shareholder return policy is large, the company could have announced even larger shareholder return policy, including cancellation of its entire treasury shares.
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