In today’s briefing:
- KODEX Battery ETF Rebalancing & SungEel Hitech Trading Situation
- HYBE Shorting Opportunity with a Lockup Release from Dunamu
- Ecopro Group: Major Equity Grants for 2,706 Employees
KODEX Battery ETF Rebalancing & SungEel Hitech Trading Situation
- Given SunEel’s market cap and the level of relevance to the rechargeable battery business, KODEX will likely include it this time around.
- If you are looking for a short-selling opportunity, I recommend adjusting the timing after this KODEX ETF passive event.
- If you are long targeting the KOSDAQ 150 inclusion, I recommend taking a slightly longer holding window to additionally target the passive inflow of the KODEX ETF.
HYBE Shorting Opportunity with a Lockup Release from Dunamu
- Dunamu may not be in a financial situation that will allow it to hold HYBE shares. With FTX’s liquidity crisis, Upbit’s liquidity management risk will inevitably rise to the surface.
- Doubts about whether the size of Upbit’s assets is sufficiently absorbing the shock of a bank run are still strongly raised in the local market.
- These concerns are likely to affect HYBE’s share price as the December 9 release approaches, and yes, we need to design short position setups aimed at this.
Ecopro Group: Major Equity Grants for 2,706 Employees
- On 15 November, Ecopro Group announced a major equity grant for 2,706 employees that work for various affiliates of the Ecopro Group.
- The company announced that it will provide equity grant shares worth about 10 million won per employee (for most of the Ecopro Group full time employees as of 30 September).
- We like what Ecopro Group is trying to do with this equity grant program and we believe this equity grant program will positively impact Ecopro Co and Ecopro BM.
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