In today’s briefing:
- L&F (066970 KS): Will the Stock Move Like PoscoDX Following the KOSDAQ to KOSPI Transfer?
- Insiders Are Buying Shares In These Korean Companies in January 2024
L&F (066970 KS): Will the Stock Move Like PoscoDX Following the KOSDAQ to KOSPI Transfer?
- Posco DX (022100 KS) rallied 50% following approval of its application to transfer from the KOSDAQ to the KOSPI market. Then the stock dropped 20% following completion of the transfer.
- With L&F Co Ltd (066970 KS) applying for a section transfer a couple of weeks after Posco DX (022100 KS), approval could be imminent.
- L&F Co Ltd (066970 KS) is up 46% since the start of November, but the stock has performed in line with the average of its peers.
Insiders Are Buying Shares In These Korean Companies in January 2024
- We provide a list of four companies including Fila Holdings, Kolmar BNH, KG Mobility, and Hanwha Galleria where the insiders have been buying shares of their own companies.
- These four stocks are up on average 5.6% in the past one month, outperforming KOSPI which is down 1.6% in the same period.
- Insiders at Fila Holdings are probably increasing their stakes to capitalize on the price discrepancy as Fila Holdings’ 51% stake in Acushnet is 39% more than its current market cap.
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