Daily BriefsSouth Korea

Daily Brief South Korea: Korea Zinc, Hyundai Motor India , Korea Stock Exchange KOSPI 200 and more

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

By Sanghyun Park

  • 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

By Douglas Kim

  • 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)

By Nico Rosti

  • 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).

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