Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Krafton Today: KOSPI 200 Rebalancing Trading Continues + Local Retail Re-Entry

Likely Deletes by KOSPI 200 Fast Entry on September 9: JW Pharma & Lock&Lock

MSCI Std Korea Nov SAIR Adds Checkup: SD Biosensor & Krafton

Why Would Kakao Bank/Krafton's KOSPI 200 Fast Entry Float Estimations Be Such an Extraordinary Task?

Trading Strategy of Krafton IPO Post Bookbuilding Results

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<p>Krafton's share price is approaching its IPO price. Today alone, it is up 4%.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/224/616/original/Screen+Shot+2021-08-18+at+3.05.36+AM.png?1629270353" class="editor-image img-responsive" data-smartkarma-image-id="224616"></figure></section><p><strong>If we look at the trading data for the past 5 days, we can see a typical rebalancing trading of the KOSPI 200.</strong> The three major players in KOSPI 200 trading are pensions, insurance, and local publicly-raised funds. And they have been buying Krafton for the past five days.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/224/594/original/Screen+Shot+2021-08-18+at+2.06.35+AM.png?1629266839" class="editor-image img-responsive" data-smartkarma-image-id="224594"></figure></section><div class="content-highlight"><p><strong>Even today, if we look at the provisional aggregate data provided by the KRX, the buying of local pension funds continues. As of 2:30 pm (in local time) today, it was counted that local pension funds were making a net buy of about 30,000 shares.</strong></p></div>

Krafton's share price is approaching its IPO price. Today alone, it is up 4%.If we look at the trading data for the past 5 days, we can see a typical rebalancing trading of the KOSPI 200. The three major players in KOSPI 200 trading are pensions, insurance, and local publicly-raised funds. And they have been buying Krafton for the past five days.Even today, if we look at the provisional aggregate data provided by the KRX, the buying of local pension funds continues. As of 2:30 pm (in local time) today, it was counted that local pension funds were making a net buy of about 30,000 shares.

Checking Passive Flow Trading for Krafton