In today’s briefing:
- Flow Trading Setup Triggered by Korea Zinc’s 21%p Float Rate Cut in KOSPI 200
- A Review of Our IPO Research in 2024
- EQD | The KOSPI 200 Forecast (After The Attempted Coup)
Flow Trading Setup Triggered by Korea Zinc’s 21%p Float Rate Cut in KOSPI 200
- Korea Zinc’s free float is dropping from 52% to 31%, a 21%p cut.
- Despite rising volume, retail still dominates. With this trend continuing, the 80,000-share sell volume is unlikely to get buried without triggering noticeable price moves.
- Ahead of big one-day flow events, shorts are loaded, causing a dip. On rebalance day, traders buy back, triggering a bounce. This event is likely to follow the same pattern.
A Review of Our IPO Research in 2024
- This has been a difficult year for the global IPO market including in Korea. In this insight, we review our IPO research in 2024.
- Using the criteria that the Aequitas Research uses (see below), the accuracy rate of our calls on the IPOs this year was 86%.
- There some sizeable IPOs that are expected to be completed in Korea in 2025 including LG CNS, Sono International, K Bank, and Bithumb.
EQD | The KOSPI 200 Forecast (After The Attempted Coup)
- Our previously posted view on an upcoming KOSPI 200‘s rally has not been changed by the attempted political coup. The market pulled back a bit, no big deal.
- The index is in the process of bottoming, as we will see from the analysis of our QUANTCHARTS / models.
- Even if the index suddenly crashes, we have identified an area for support in that event (keep reading).