Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

The Grey Rhinos Are Coming - Which Ones to Short in the Korean Construction Sector?

Revisiting Our Basket of Amazon Related Shorts in the Korean Retail Sector

Impact of the New 8.2 Real Estate Regulations in Korea - Watch Out for the Grey Rhino!

Thematic (Sector/Industry)

Is the Korean Stock Market starting to turn downwards? The KOSPI, which is up 15% YTD, has been one of the top performing country equity indexes globally this year. Despite its strong performance, there have been some growing shreds of evidence that suggest that the stock market may be close to an important inflection point. In this report, we provide our reflections of the eight leading indicators that we track regularly. These indicators may provide important clues to the how the stock market may change directions in the coming months. At end of July, we raised our cash portion of our model stock portfolio from 20% to 30% to become more defensive.  <ol><li>Recent price weakness of Samsung Electronics and SK Hynix </li><li>SOX Index</li><li>US Unemployment Rate</li><li>OECD Composite Leading Indicator Index (OECD Total)</li><li>South Korea Composite Leading Indicators Index (OECD Data for South Korea)</li><li>US Treasury Yield Curve</li><li>XLY vs. XLP (Intermarket Analysis)</li><li>US ISM Purchasing Managers Index (PMI)</li></ol>

Is the Korean Stock Market starting to turn downwards? The KOSPI, which is up 15% YTD, has been one of the top performing country equity indexes globally this year. Despite its strong performance, there have been some growing shreds of evidence that suggest that the stock market may be close to an important inflection point. In this report, we provide our reflections of the eight leading indicators that we track regularly. These indicators may provide important clues to the how the stock market may change directions in the coming months. At end of July, we raised our cash portion of our model stock portfolio from 20% to 30% to become more defensive.  Recent price weakness of Samsung Electronics and SK Hynix SOX IndexUS Unemployment RateOECD Composite Leading Indicator Index (OECD Total)South Korea Composite Leading Indicators Index (OECD Data for South Korea)US Treasury Yield CurveXLY vs. XLP (Intermarket Analysis)US ISM Purchasing Managers Index (PMI)

Is the Korean Stock Market Starting to Turn Downwards?