In today’s briefing:
- KRX New Deal Index Rebalance Preview: Changes with Flow & Impact
- Gap Trades in Korean Prefs Vs Common Share Pairs in 1Q 2024
- UI: New Products Surging Interest
KRX New Deal Index Rebalance Preview: Changes with Flow & Impact
- The review period for the March rebalance ends on 31 January, the changes will be announced early March and implemented at the close of trading on 14 March.
- There is one change currently for each of the Secondary Battery, Bio, Internet and Game indices. There are two changes for the BBIG Index.
- There will be big flow on Ecopro BM (247540 KS) and Posco Future M (003670 KS) and big impact on Douzone Bizon (012510 KS) and DearU (376300 KS).
Gap Trades in Korean Prefs Vs Common Share Pairs in 1Q 2024
- In this insight, we discuss numerous gap trades involving Korean preferred and common shares in 1Q 2024.
- The excessive gaps in the preferred and common shares of Kumho Petro Chemical, Amorepacific Corp, and Samsung Electronics could reverse in the next several months.
- We see some attractive longer-term opportunities for Amorepacific, Doosan Fuel Cell, LG Electronics, and CJ Cheiljedang which have especially high discounts for the preferred shares versus their counterpart common shares.
UI: New Products Surging Interest
- New product introductions have historically resulted in revenue growth at Ubiquiti (UI) and fiscal second quarter 2024 (December 2023) had several of them
- Ubiquiti has introduced a series of new products. The biggest change at Ubiquiti is the availability of paid for tech support
- There are several products that have stood out this past quarter. Including, a new Dream Machine meant for the home, called UniFi Express. The device immediately sold out
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