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

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

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

KOSPI 200 September Rebalancing Results & Passive Impact Estimations

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

Checking Passive Flow Trading for Krafton

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 has finally reached its IPO price. Krafton is again up 5% today.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/224/891/original/1.png?1629353317" class="editor-image img-responsive" data-smartkarma-image-id="224891"></figure></section><p><strong>Below is the net trade by investor type for 6 days since the listing of Krafton, including yesterday's data. The net buying of local pension continued yesterday as well. This should also be seen as a rebalancing trading of the KOSPI 200.</strong> Another thing to note is that foreign buys continue. Apparently, foreign investors are flowing in for short-term momentum trading.</p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/224/895/original/5.png?1629354386" class="editor-image img-responsive" data-smartkarma-image-id="224895"></figure><p></p></section><p><strong>Below is the provisional aggregated data as of 2:25 local time. Again, the local pension net buys 52,000 shares today, a similar size of rebalancing trading to yesterday.</strong></p><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/224/893/original/3.png?1629354063" class="editor-image img-responsive" data-smartkarma-image-id="224893"></figure></section><div class="content-highlight"><p><strong>What we should pay attention to in today's trading trend is the return of local retail investors. They net sold for the past three consecutive trading days. But they are estimated to have recorded a net purchase of 70,000-80,000 shares today.</strong></p></div>

Krafton has finally reached its IPO price. Krafton is again up 5% today.Below is the net trade by investor type for 6 days since the listing of Krafton, including yesterday's data. The net buying of local pension continued yesterday as well. This should also be seen as a rebalancing trading of the KOSPI 200. Another thing to note is that foreign buys continue. Apparently, foreign investors are flowing in for short-term momentum trading.Below is the provisional aggregated data as of 2:25 local time. Again, the local pension net buys 52,000 shares today, a similar size of rebalancing trading to yesterday.What we should pay attention to in today's trading trend is the return of local retail investors. They net sold for the past three consecutive trading days. But they are estimated to have recorded a net purchase of 70,000-80,000 shares today.

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