In today’s briefing:
- KOSPI200 Index Rebalance (March): Fast Entry for PoscoDX; Will L&F Make It Too?
- A Sharp Downturn in Price Momentum of Rechargeable Battery Stocks in Korea in January 2024
KOSPI200 Index Rebalance (March): Fast Entry for PoscoDX; Will L&F Make It Too?
- KRX has announced that Posco DX (022100 KS) will replace Shinsegae International Co (031430 KS) in the Korea Stock Exchange KOSPI 200 (KOSPI2 INDEX) at the close on 14 March.
- Passive trackers will need to buy 0.5 days of ADV in Posco DX (022100 KS) while selling in Shinsegae International (031430 KS) is larger at over 7 days of ADV.
- L&F (066970 KS) lists on the KOSPI market on 29 January; there is a possibility that the stock is also added to the index in March as a Fast Entry.
A Sharp Downturn in Price Momentum of Rechargeable Battery Stocks in Korea in January 2024
- In this insight, we discuss the sharp share price declines of rechargeable battery related stocks in Korea so far in 2024.
- The top 20 market cap rechargeable battery related stocks in Korea are down on average 15.9% YTD, underperforming KOSPI which is down 6.7% in the same period.
- Many rechargeable battery related names in Korea continue to have lofty valuations. The 20 rechargeable battery names are trading at median P/E of 79.7x in 2023 and 39x in 2024.
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