In today’s briefing:
- Elon Is Scared Poopless Of Us
- A Pair Trade Between KT & LG Uplus
Elon Is Scared Poopless Of Us
- Unlike every other (far larger & richer) social media site, Elon Musk has declared war on Substack and anyone who dares post there as well as on Twitter.
- It’s the kind of petty retaliation he’s well known for, and a stunt he could repeat against any publishing platform that displeases him for any reason.
- His bullying will continue until morale improves. Or until he achieves universal adoration, whichever comes first.
A Pair Trade Between KT & LG Uplus
- In this insight, we discuss a pair trade between KT Corp (030200 KS) (go long) and LG Uplus Corp (032640 KS) (go short).
- The three major reasons for going long on KT Corp include a) the potential inclusion in MSCI Korea Standard index, b) attractive valuations, and c) a new CEO.
- KT Corp is a potential inclusion candidate for MSCI Korea Standard index in May 2023. With foreign room at 17%, it is comfortably above the 15% level threshold requirement.
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