Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Index Rebalance

HD Hyundai Marine Solution  / Index Rebalance

<ul>
<li>In this insight, we highlight stocks that have been highlighted by locals as potential inclusion/exclusion candidates in KOSPI200 and major global index rebalance in 4Q25.</li>
<li>The five potential inclusion candidates include Paradise, Asia Holdings, LG CNS, APR, and HD Hyundai Marine Solution. </li>
<li>The five potential exclusion candidates include TCC Steel, KG Mobility, Dentium, Orion Corp, and LG H&amp;H. </li>
</ul>


In this insight, we highlight stocks that have been highlighted by locals as potential inclusion/exclusion candidates in KOSPI200 and major global index rebalance in 4Q25.
The five potential inclusion candidates include Paradise, Asia Holdings, LG CNS, APR, and HD Hyundai Marine Solution. 
The five potential exclusion candidates include TCC Steel, KG Mobility, Dentium, Orion Corp, and LG H&amp;H. 


KOSPI200 and Major Global Index Rebalance in 4Q25 Highlighted by Locals

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

<ul>
<li>KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX). It's popular.</li>
<li>87% of the reference period for the December 2025 rebal is complete. We see up to 6 ADDs and 6 DELs. Obvious ADD vs Downweight trades have not worked recently.</li>
<li>Of the "1.5 pairs" I liked last time which worked fundamentally, both are down hard. Trades here are rotated. </li>
</ul>


KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX). It's popular.
87% of the reference period for the December 2025 rebal is complete. We see up to 6 ADDs and 6 DELs. Obvious ADD vs Downweight trades have not worked recently.
Of the "1.5 pairs" I liked last time which worked fundamentally, both are down hard. Trades here are rotated. 


[Quiddity Index] Oct25 KOSPI 200 Leaderboard for Dec25 Rebal: Still 6+6, New 1.5 Pairs to Trade

<ul>
<li>KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX). It's popular.</li>
<li>Inside, we look at the names likely to become ADDs and DELs during the upcoming semiannual review in December 2025. We see up to 6 ADDs and 6 DELs.</li>
<li>There are 1.5 pairs I like here even though we have weeks left. One is "surer" than the other, but they both work fundamentally.</li>
</ul>


KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX). It's popular.
Inside, we look at the names likely to become ADDs and DELs during the upcoming semiannual review in December 2025. We see up to 6 ADDs and 6 DELs.
There are 1.5 pairs I like here even though we have weeks left. One is "surer" than the other, but they both work fundamentally.


[Quiddity Index Sep25] KOSPI 200 Leaderboard for Dec25 Rebal: 6 ADDs + 6 DELs, 1.5 Pairs to Trade

<ul>
<li>KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).</li>
<li>We expect up to 6 ADDs and 6 DELs for the December-2025 index rebal based on the latest available data. Same count as a month ago, but 5/12 name changes.</li>
<li>We have new charts available for all expected ADDs/DELs showing a variety of data we think worthwhile in terms of judging trade opportunity and risk. And two recommended trades.</li>
</ul>


KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the Korea Exchange (KRX).
We expect up to 6 ADDs and 6 DELs for the December-2025 index rebal based on the latest available data. Same count as a month ago, but 5/12 name changes.
We have new charts available for all expected ADDs/DELs showing a variety of data we think worthwhile in terms of judging trade opportunity and risk. And two recommended trades.


[Quiddity Index Aug25] KOSPI 200 Leaderboard for Dec25 Rebal: 6 ADDs, 6 DELs, Two Recommended Trades

<ul>
<li>KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the KRX. Here we look at Dec25 index rebal.</li>
<li>We expect up to 6 ADDs and 6 DELs in the KOSPI 200 index during the December 2025 index rebal event based on the latest available data.</li>
<li>This is up from 4 ADDs and 4 DELs last month, but there is a <em>lot</em> of potential sector threshold borderline volatility to change both the number and the names.</li>
</ul>


KOSPI 200 is a Korean blue-chip index that tracks the 200 largest and most-liquid names listed in the KOSPI section of the KRX. Here we look at Dec25 index rebal.
We expect up to 6 ADDs and 6 DELs in the KOSPI 200 index during the December 2025 index rebal event based on the latest available data.
This is up from 4 ADDs and 4 DELs last month, but there is a lot of potential sector threshold borderline volatility to change both the number and the names.


[Quiddity Index Jul25] KOSPI 200 Leaderboard for Dec25 Rebal: 4 In/Out But Too Early to Bet

South Korea

Asia Holdings Co., Ltd. is a holding company which produces and sells cement, ready-mixed concrete, clinker, and dry mortar through its subsidiaries. The Company also operates real estate leasing business.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Dividend (Yield)	0.00

Asia Holdings (002030 KS)

KOSPI200 and Major Global Index Rebalance in 4Q25 Highlighted by Locals

In this insight, we highlight stocks that have been highlighted by locals as potential inclusion/exclusion candidates in KOSPI200 and major global...

Douglas Kim

[Quiddity Index] Oct25 KOSPI 200 Leaderboard for Dec25 Rebal: Still 6+6, New 1.5 Pairs to Trade

The KOSPI Dec25 rebal is 87% of the way through its reference period. Things are solidifying. We still see 6 ADDs and 6 DELETEs. AI/chip/memory...

Travis Lundy

[Quiddity Index Sep25] KOSPI 200 Leaderboard for Dec25 Rebal: 6 ADDs + 6 DELs, 1.5 Pairs to Trade

The December 2025 KOSPI Rebal has seen 75% of its observation period pass. One name is not on the reserve list but is a likely ADD anyway. I'd put...

Travis Lundy

[Quiddity Index Aug25] KOSPI 200 Leaderboard for Dec25 Rebal: 6 ADDs, 6 DELs, Two Recommended Trades

When we published this 17 days ago, we recommended two trades. LONG Hyundai Autoever (307950 KS) vs SHORT Samsung SDS (018260 KS) and SHORT HDC...

Travis Lundy

[Quiddity Index Jul25] KOSPI 200 Leaderboard for Dec25 Rebal: 4 In/Out But Too Early to Bet

We see 6 ADDs and 6 DELs for the December 2025 KOSPI rebal BUT we note that there is a LOT of potential volatility because of the various...

Travis Lundy

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

KOSPI200 and Major Global Index Rebalance in 4Q25 Highlighted by Locals

In this insight, we highlight stocks that have been highlighted by locals as potential inclusion/exclusion candidates in KOSPI200 and major global...

Douglas Kim

[Quiddity Index] Oct25 KOSPI 200 Leaderboard for Dec25 Rebal: Still 6+6, New 1.5 Pairs to Trade

The KOSPI Dec25 rebal is 87% of the way through its reference period. Things are solidifying. We still see 6 ADDs and 6 DELETEs. AI/chip/memory...

Travis Lundy

[Quiddity Index Sep25] KOSPI 200 Leaderboard for Dec25 Rebal: 6 ADDs + 6 DELs, 1.5 Pairs to Trade

The December 2025 KOSPI Rebal has seen 75% of its observation period pass. One name is not on the reserve list but is a likely ADD anyway. I'd put...

Travis Lundy

[Quiddity Index Aug25] KOSPI 200 Leaderboard for Dec25 Rebal: 6 ADDs, 6 DELs, Two Recommended Trades

When we published this 17 days ago, we recommended two trades. LONG Hyundai Autoever (307950 KS) vs SHORT Samsung SDS (018260 KS) and SHORT HDC...

Travis Lundy

[Quiddity Index Jul25] KOSPI 200 Leaderboard for Dec25 Rebal: 4 In/Out But Too Early to Bet

We see 6 ADDs and 6 DELs for the December 2025 KOSPI rebal *BUT* we note that there is a LOT of potential volatility because of the various...

Travis Lundy

We see 6 ADDs and 6 DELs for the December 2025 KOSPI rebal BUT we note that there is a LOT of potential volatility because of the various...