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

Netmarble Debt Risk Victim: HYBE or NCsoft or Both?

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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

<ul>
<li>Dunamu may not be in a financial situation that will allow it to hold HYBE shares. With FTX's liquidity crisis, Upbit's liquidity management risk will inevitably rise to the surface.</li>
<li>Doubts about whether the size of Upbit's assets is sufficiently absorbing the shock of a bank run are still strongly raised in the local market.</li>
<li>These concerns are likely to affect HYBE's share price as the December 9 release approaches, and yes, we need to design short position setups aimed at this.</li>
</ul>


Dunamu may not be in a financial situation that will allow it to hold HYBE shares. With FTX's liquidity crisis, Upbit's liquidity management risk will inevitably rise to the surface.
Doubts about whether the size of Upbit's assets is sufficiently absorbing the shock of a bank run are still strongly raised in the local market.
These concerns are likely to affect HYBE's share price as the December 9 release approaches, and yes, we need to design short position setups aimed at this.


HYBE Shorting Opportunity with a Lockup Release from Dunamu