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

LG Energy Flow Crunch with Additional Passives: K200/MSCI Up-Weight & LIT Inclusion

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A Thorough Guide to KOSPI 200 & KOSDAQ 150 Rebalancing Calculations

KOSPI 200 December Rebelancing: Names Currently Close To & Out of Buffer Zone

A Merger Between Lotte Confectionery and Lotte Food: An Alpha Generating Event

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>Lotte Confectionery's screening period for the upcoming rebalancing will be July 20 to October 31, with an increased number of listed shares resulting from the merger.</li>
<li>To fail inclusion, it must fall below Hyundai Greenfood. There is a market cap gap of ₩300B, suggesting the possibility of inclusion in December is quite high.</li>
<li>Lotte Confectionery may benefit from concentrated flow from an early stage, given that the outline of inclusion/exclusion candidates for the upcoming rebalancing is still relatively vague.</li>
</ul>


Lotte Confectionery's screening period for the upcoming rebalancing will be July 20 to October 31, with an increased number of listed shares resulting from the merger.
To fail inclusion, it must fall below Hyundai Greenfood. There is a market cap gap of ₩300B, suggesting the possibility of inclusion in December is quite high.
Lotte Confectionery may benefit from concentrated flow from an early stage, given that the outline of inclusion/exclusion candidates for the upcoming rebalancing is still relatively vague.


Merged Lotte Confectionery: Nearly Guaranteed Early Bird for KOSPI 200 Inclusion