In today’s briefing:
- Is Kakao Cheap or Not? Actions Louder than Words
- KLA Corporation: Initiation of Coverage – Business Strategy & Key Drivers
- Index Rebalance & ETF Flow Recap: HSCI, FTSE, HSI, TW Div+, China 50, KOSDAQ150, TOPIX FFW, PEXA
Is Kakao Cheap or Not? Actions Louder than Words
- Why KakaoBank (323410 KS) , Kakao Games Corp (293490 KS) and Kakao Pay (377300 KS) were hit recently
- Aside from the sum of the 3, why Kakao Corp (035720 KS) is getting hit further
- Are near the bottom or is there more to go?
KLA Corporation: Initiation of Coverage – Business Strategy & Key Drivers
- This is our first report on KLA Corporation, a well-known provider of process control and yield management solutions to the semiconductors industry and other electronics businesses.
- Strong customer demand across key product categories, macroeconomic uncertainties, and the effects of consumer demand are factors driving this performance.
- Despite macroeconomic and supply chain headwinds, KLA continues to focus on addressing the most pressing process control concerns.
Index Rebalance & ETF Flow Recap: HSCI, FTSE, HSI, TW Div+, China 50, KOSDAQ150, TOPIX FFW, PEXA
- We expect a few adds to the HSCI in December followed by a lot more change in March. We could finally reach 80 HSI INDEX constituents in December.
- There will be a handful of adds to the FTSE All-World/All-Cap indices in December. But there will be many changes to the FTSE TWSE Taiwan Dividend+ Index in December.
- There were large inflows to the Yuanta/PShares Taiwan Dividend Plus ETF (0056 TT), Hang Seng H Share Index ETF (2828 HK) and Tracker Fund of Hong Kong Ltd (2800 HK).
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