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

KOSPI 200 Ad-Hoc Change: Hyundai Greenfood Out & Samyang Foods Fresh Buy-In on April 10

Meritz Merger Approved: Let's Now Discuss Key Dates & Entry Points For LONG DGB Financial

KOSPI 200: Special Changes & Rising Delinquency Ratios of Banks in Korea

K200 ETFs' Swap Trading on Meritz & Fresh Buy-In JB Financial on Jan 27

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>With JB Financial Group gone for Meritz Fire, the next one in line will enter KOSPI 200 in place of Meritz Securities. And the lucky one is DGB Financial.</li>
<li>DGB can expect an inflow of 8.23x ADTV and will face a 2.8x ADTV in one day on March 31.</li>
<li>Given the size of the preemptive flow that JB Financial is currently attracting, we should prepare for DBG to start receiving a similar level of price impact earlier than usual.</li>
</ul>


With JB Financial Group gone for Meritz Fire, the next one in line will enter KOSPI 200 in place of Meritz Securities. And the lucky one is DGB Financial.
DGB can expect an inflow of 8.23x ADTV and will face a 2.8x ADTV in one day on March 31.
Given the size of the preemptive flow that JB Financial is currently attracting, we should prepare for DBG to start receiving a similar level of price impact earlier than usual.


Meritz Fire & Marine Insurance (000060 KS)

KOSPI 200 Ad Hoc Rebalance for Meritz Securities: DGB Financial Will Be Added

DGB Financial Group

KOSPI 200 Ad Hoc Rebalance for Meritz Securities: DGB Financial Will Be Added