In today’s briefing:
- A Practical Guide to Create A Workable Electronic File for KOSPI 200 Rebalancing Simulation
- Sanil Electric IPO: Valuation Insights
- What Did NPS Buy and Sell in Korean Stock Market in 2Q 2024?
A Practical Guide to Create A Workable Electronic File for KOSPI 200 Rebalancing Simulation
- Predicting KOSPI 200 rebalancing is straightforward, focusing on quantitative screening rather than qualitative factors, unlike other indices.
- Accurate simulation of KOSPI 200 requires daily data on shares, volume, and prices for six months, typically sourced from KOSCOM due to limitations in free data access.
- I plan to share a practical KOSPI 200 simulation file with Smartkarma readers, leveraging freely available data from Google Finance.
Sanil Electric IPO: Valuation Insights
- Sanil Electric (062040 KS), a Korean industrial transformer manufacturer, is seeking to raise up to US$165 million.
- We previously discussed the IPO in Sanil Electric IPO: The Bull Caseand Sanil Electric IPO: The Bear Case.
- We examine the syndicate’s valuation methodology. Our analysis suggests that Sanil is fully valued in the IPO price range. We would pass on the IPO.
What Did NPS Buy and Sell in Korean Stock Market in 2Q 2024?
- On 4 July, NPS disclosed the details of the ownership changes for 112 listed companies in Korea, of which 87 were listed in KOSPI and 25 in KOSDAQ.
- In 2Q 2024, the NPS reduced its investments in defense and military stocks and increased investments in cosmetics, shipbuilding, and food companies in Korea.
- NPS reduced its capital allocation to the military & defense sector. NPS reduced its stake in LIG Nex1 (-2.32%), Poongsan Corp (-2.24%), and Hanwha Aerospace (-1.02%).
💡 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
