In today’s briefing:
- Flow Trading Opportunities on LG Chem with Potential Inclusion in Battery ETFs
- Update on the Trading Opportunities Post OCI Spin-Off
- 2022 Financial Results of Major Unlisted Companies in Korea
- VA Corporation: One-Stop Metaverse Platform
Flow Trading Opportunities on LG Chem with Potential Inclusion in Battery ETFs
- We now have an environment that allows Korea’s battery ETFs to include LG Chem in upcoming reviews. KODEX is in June, and TIGER is in July.
- If LG Chem is included in each review, the expected one-day inflow is at 0.7-0.8x DTV, which can lead to a price impact similar to that of SKIET in 2021.
- We should consider setups targeting this, including Long Short, which utilizes LG Energy Solution or LG Corp as a hedge.
Update on the Trading Opportunities Post OCI Spin-Off
- The Korea Exchange announced today (20 April) the change in index constituents and major dates for the Oci Co Ltd (010060 KS) spin-off.
- Oci Co Ltd (010060 KS)’s shares will be suspended from trading from 27 April to 26 May 2023.
- After the spin-off and relisting of holdco/opco shares, we believe that there is a greater probability of OCI Co (opco) shares outperforming OCI Holdings (holdco).
2022 Financial Results of Major Unlisted Companies in Korea
- In this insight, we provide 2022 key income statement items of 12 major unlisted companies in Korea that are likely to complete their IPOs in the next 6-12 months.
- Among these 12 private companies, the top five with the highest sales growth in 2022 include Shift Up, Foosung Global, Ecopro Materials, Nexteel, and Smilegate RPG.
- The top five companies with the highest operating profit growth in 2022 include Nexteel, Ecopro Materials, CJ Olive Young, Foosung Global, and Smilegate RPG.
VA Corporation: One-Stop Metaverse Platform
- Founded in 2021 and headquartered in Seoul, VA Corporation (VA KS) has developed a virtual media platform for the metaverse industry.
- Through the use of VR, the company’s metaverse platform provides services from planning and production to branding and distribution of content.
- The company achieved the unicorn status within 13-months of its founding due to its proven track record, making it an attractive investment in the metaverse space.
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