In today’s briefing:
- KOSPI 200 Ad-Hoc Change: Hyundai Greenfood Out & Samyang Foods Fresh Buy-In on April 10
- Naver (2023 High Conviction Update): Turbo-Charged by Expected Launch of Korean Version of ChatGPT
KOSPI 200 Ad-Hoc Change: Hyundai Greenfood Out & Samyang Foods Fresh Buy-In on April 10
- From a trading perspective, we should pay attention to the KOSPI 200 corporate actions in Hyundai Department Group’s demerger events, as both companies are KOSPI 200 constituents.
- Hyundai Green Food’s surviving company won’t beat the cutoff, resulting in a KOSPI 200 constituent change on April 10. Samyang Foods will be a new addition.
- Even the size of KOSPI 200 ETFs that will likely go into mechanical trading on April 10 will cause a significant price impact from a day trading perspective.
Naver (2023 High Conviction Update): Turbo-Charged by Expected Launch of Korean Version of ChatGPT
- Naver plans to launch its own Korean version of ChatGPT in 1H 2023.
- We believe that this will act as an important catalyst that is likely to further fuel Naver’s share price higher.
- Naver has been our high conviction call in 2023 and we continue to have a Positive view of Naver.
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