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

Majority Shareholder Transfer Tax Play: Trade KOSDAQ 150 ETF

Event-Driven

This year's year-end ex-dividend date is December 29. So, December 28 is the last day to become eligible for year-end dividends.<table class="table table-striped">
<colgroup>
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr><td colspan="2" data-sheets-value='{"1":2,"2":"Dividend payment (₩B)"}'>Dividend payment (₩B)</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Record date - 1Q20"}'>Record date - 1Q20</td>
<td data-sheets-value='{"1":2,"2":"March 31"}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}' data-sheets-formula="=indirect(R30C4&amp;R[0]C[6])">March 31</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Ex-rights"}'>- Ex-dividend</td>
<td data-sheets-value='{"1":2,"2":"March 30 (Monday)"}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}' data-sheets-formula="=indirect(R30C4&amp;R[0]C[6])">March 30 (Monday)</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Record date - 2Q20"}'>Record date - 2Q20</td>
<td data-sheets-value='{"1":2,"2":"June 30"}' data-sheets-numberformat='{"1":2,"2":"#,##0","3":1}' data-sheets-formula="=indirect(R30C4&amp;R[0]C[6])">June 30</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Ex-rights"}'>- Ex-dividend</td>
<td data-sheets-value='{"1":2,"2":"June 29 (Monday)"}' data-sheets-formula="=indirect(R30C4&amp;R[0]C[6])">June 29 (Monday)</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Record date - 3Q20"}'>Record date - 3Q20</td>
<td data-sheets-value='{"1":2,"2":"September 29"}' data-sheets-formula="=indirect(R30C4&amp;R[0]C[6])">September 29</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Ex-rights"}'>- Ex-dividend</td>
<td data-sheets-value='{"1":2,"2":"September 28 (Monday)"}' data-sheets-formula="=indirect(R30C4&amp;R[0]C[6])">September 28 (Monday)</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Record date - 4Q20"}'>Record date - 4Q20</td>
<td data-sheets-value='{"1":2,"2":"December 30"}' data-sheets-formula="=indirect(R30C4&amp;R[0]C[6])">December 30</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":" - Ex-rights"}'>- Ex-dividend</td>
<td data-sheets-value='{"1":2,"2":"December 29 (Tuesday)"}' data-sheets-formula="=indirect(R30C4&amp;R[0]C[6])">December 29 (Tuesday)</td>
</tr>
<tr><td colspan="2" data-sheets-value='{"1":2,"2":"Source: DART"}'>Source: DART</td></tr>
</tbody>
</table>According to FnGuide, Korea's version of Capital IQ, a total of 199 KOSPI-listed companies have three or more local brokerage coverages with a DPS estimate.Out of these, 171 KOSPI companies are expected to pay year-end dividends this year (based on the consensus).Below are the 11 high div yield KOSPI stocks (5+%) at the current prices.<table class="table table-striped">
<colgroup>
<col width="400">
<col width="100">
<col width="100">
<col width="100">
<col width="100">
</colgroup>
<tbody>
<tr>
<td data-sheets-value='{"1":2,"2":"Name"}'>Name</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Ticker"}'>Ticker</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"DPS"}'>DPS (consensus)</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Price"}'>Price</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"Div yield"}'>Div yield</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Hyundai Heavy Industries Holdings Co Ltd"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>Hyundai Heavy Industries Holdings Co Ltd</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"267250"}' data-sheets-formula='="267250"'>267250</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":18143}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩18,143</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":303000}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩303,000</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.05987788778877888}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.99%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Hana Financial Group Inc"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>Hana Financial Group Inc</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"086790"}' data-sheets-formula='="086790"'>086790</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":2099}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩2,099</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":35700}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩35,700</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.05879551820728291}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.88%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"BNK Financial Group Inc"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>BNK Financial Group Inc</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"138930"}' data-sheets-formula='="138930"'>138930</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":334}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩334</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":5890}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩5,890</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0567062818336163}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.67%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Industrial Bank of Korea"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>Industrial Bank of Korea</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"024110"}' data-sheets-formula='="024110"'>024110</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":532}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩532</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":9380}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩9,380</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.056716417910447764}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.67%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"JB Financial Group Co Ltd"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>JB Financial Group Co Ltd</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"175330"}' data-sheets-formula='="175330"'>175330</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":328}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩328</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":5910}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩5,910</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.05549915397631134}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.55%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Woori Financial Group Inc"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>Woori Financial Group Inc</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"316140"}' data-sheets-formula='="316140"'>316140</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":541}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩541</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":10050}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩10,050</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.053830845771144276}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.38%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"DGB Financial Group Co Ltd"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>DGB Financial Group Co Ltd</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"139130"}' data-sheets-formula='="139130"'>139130</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":391}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩391</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":7370}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩7,370</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.05305291723202171}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.31%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"KT&amp;G Corp"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>KT&amp;G Corp</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"033780"}' data-sheets-formula='="033780"'>033780</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":4563}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩4,563</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":87900}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩87,900</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.05191126279863481}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.19%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Samsung Securities Co Ltd"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>Samsung Securities Co Ltd</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"016360"}' data-sheets-formula='="016360"'>016360</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":2177}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩2,177</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":42700}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩42,700</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.05098360655737705}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.10%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Shinhan Financial Group Co., Ltd."}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>Shinhan Financial Group Co., Ltd.</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"055550"}' data-sheets-formula='="055550"'>055550</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":1736}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩1,736</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":33400}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩33,400</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.051976047904191615}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">5.20%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Samsung Card Co Ltd"}' data-sheets-formula='=googlefinance(R[0]C[1], "name")'>Samsung Card Co Ltd</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"029780"}' data-sheets-formula='="029780"'>029780</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":1744}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}'>₩1,744</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":35300}' data-sheets-numberformat='{"1":4,"2":"[$₩-412]#,##0"}' data-sheets-formula='=googlefinance(R[0]C[-2], "price")'>₩35,300</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.04940509915014164}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=R[0]C[-2]/R[0]C[-1]">4.94%</td>
</tr>
<tr><td colspan="5" data-sheets-value='{"1":2,"2":"Source: FnGuide &amp; KRX"}'>Source: FnGuide &amp; KRX</td></tr>
</tbody>
</table>

This year's year-end ex-dividend date is December 29. So, December 28 is the last day to become eligible for year-end dividends.





Dividend payment (₩B)

Record date - 1Q20
March 31


- Ex-dividend
March 30 (Monday)


Record date - 2Q20
June 30


- Ex-dividend
June 29 (Monday)


Record date - 3Q20
September 29


- Ex-dividend
September 28 (Monday)


Record date - 4Q20
December 30


- Ex-dividend
December 29 (Tuesday)

Source: DART

According to FnGuide, Korea's version of Capital IQ, a total of 199 KOSPI-listed companies have three or more local brokerage coverages with a DPS estimate.Out of these, 171 KOSPI companies are expected to pay year-end dividends this year (based on the consensus).Below are the 11 high div yield KOSPI stocks (5+%) at the current prices.









Name
Ticker
DPS (consensus)
Price
Div yield


Hyundai Heavy Industries Holdings Co Ltd
267250
₩18,143
₩303,000
5.99%


Hana Financial Group Inc
086790
₩2,099
₩35,700
5.88%


BNK Financial Group Inc
138930
₩334
₩5,890
5.67%


Industrial Bank of Korea
024110
₩532
₩9,380
5.67%


JB Financial Group Co Ltd
175330
₩328
₩5,910
5.55%


Woori Financial Group Inc
316140
₩541
₩10,050
5.38%


DGB Financial Group Co Ltd
139130
₩391
₩7,370
5.31%


KT&amp;G Corp
033780
₩4,563
₩87,900
5.19%


Samsung Securities Co Ltd
016360
₩2,177
₩42,700
5.10%


Shinhan Financial Group Co., Ltd.
055550
₩1,736
₩33,400
5.20%


Samsung Card Co Ltd
029780
₩1,744
₩35,300
4.94%

Source: FnGuide &amp; KRX



High Div Yield Stocks in KOSPI for FY20 Year-End & How I'd Trade

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High Div Yield Stocks in KOSPI for FY20 Year-End & How I'd Trade