Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Index Rebalance

<p>The KRX has announced the list of inclusions and exclusions to the KOSDAQ150 Index today. The rebalance is effective after the close of trading on 10 December.</p><p>There are 17 inclusions and 17 exclusions in the December 2020 review with an estimated one-way turnover of 7.71%.</p><p>The inclusions and exclusions are:</p><table class="table table-striped">
<colgroup><col span="4"></colgroup>
<tbody>
<tr>
<td colspan="2" style="text-align: center; width: 96pt;"><h3>Additions</h3></td>
<td colspan="2" style="text-align: center; width: 96pt;"><h3>Deletions</h3></td>
</tr>
<tr>
<td style="text-align: center;"><strong>Code</strong></td>
<td style="text-align: center;"><strong>Name</strong></td>
<td style="text-align: center;"><strong>Code</strong></td>
<td style="text-align: center;"><strong>Name</strong></td>
</tr>
<tr>
<td>034950.KQ</td>
<td>Korea Ratings Corp</td>
<td>014620.KQ</td>
<td>Sung Kwang Bend Co Ltd</td>
</tr>
<tr>
<td>078600.KQ</td>
<td>Daejoo Electronic Materials Co Ltd</td>
<td>015750.KQ</td>
<td>Sungwoo Hitech Co Ltd</td>
</tr>
<tr>
<td>089980.KQ</td>
<td>Sang-A Frontec Co Ltd</td>
<td>023160.KQ</td>
<td>TK Corp</td>
</tr>
<tr>
<td>092190.KQ</td>
<td>Seoul Viosys Co Ltd</td>
<td>039840.KQ</td>
<td>Dio Corp</td>
</tr>
<tr>
<td>100130.KQ</td>
<td>Dongkuk Structures &amp; Construction Co Ltd</td>
<td>041190.KQ</td>
<td>Woori Technology Investment Co Ltd</td>
</tr>
<tr>
<td>101490.KQ</td>
<td>S&amp;S Tech Corp</td>
<td>041830.KQ</td>
<td>InBody Co Ltd</td>
</tr>
<tr>
<td>131370.KQ</td>
<td>Rsupport Co Ltd</td>
<td>043150.KQ</td>
<td>Value Added Technology Co Ltd</td>
</tr>
<tr>
<td>137400.KQ</td>
<td>People &amp; Technology Inc</td>
<td>047310.KQ</td>
<td>Power Logics</td>
</tr>
<tr>
<td>194700.KQ</td>
<td>Novarex Co Ltd</td>
<td>049950.KQ</td>
<td>MeereCompany Inc</td>
</tr>
<tr>
<td>204270.KQ</td>
<td>JNTC Co Ltd</td>
<td>051500.KQ</td>
<td>CJ Freshway Corp</td>
</tr>
<tr>
<td>222080.KQ</td>
<td>Creative &amp; Innovative System Corp</td>
<td>063570.KQ</td>
<td>Nice Total Cash Management Co Ltd</td>
</tr>
<tr>
<td>235980.KQ</td>
<td>MedPacto Inc</td>
<td>080160.KQ</td>
<td>Modetour Network Inc</td>
</tr>
<tr>
<td>290510.KQ</td>
<td>KoreaCenter Co Ltd</td>
<td>084110.KQ</td>
<td>Huons Global Co Ltd</td>
</tr>
<tr>
<td>290650.KQ</td>
<td>L&amp;C Bio Co Ltd</td>
<td>089600.KQ</td>
<td>Nasmedia Co Ltd</td>
</tr>
<tr>
<td>293490.KQ</td>
<td>Kakao Games Corp</td>
<td>115960.KQ</td>
<td>Yonwoo Co Ltd</td>
</tr>
<tr>
<td>294140.KQ</td>
<td>Lemon Co Ltd</td>
<td>228760.KQ</td>
<td>Genomictree Inc</td>
</tr>
<tr>
<td>357780.KQ</td>
<td>SoulBrain Co Ltd</td>
<td>282880.KQ</td>
<td>CowinTech Co Ltd</td>
</tr>
</tbody>
</table><p>There are 11 trading days to implementation. There are 2 additions that have more than 3 days of ADV to trade while there are 9 deletions that have more than 3 days of ADV to trade. Things could get interesting over the next couple of weeks.</p>

The KRX has announced the list of inclusions and exclusions to the KOSDAQ150 Index today. The rebalance is effective after the close of trading on 10 December.There are 17 inclusions and 17 exclusions in the December 2020 review with an estimated one-way turnover of 7.71%.The inclusions and exclusions are:



Additions
Deletions


Code
Name
Code
Name


034950.KQ
Korea Ratings Corp
014620.KQ
Sung Kwang Bend Co Ltd


078600.KQ
Daejoo Electronic Materials Co Ltd
015750.KQ
Sungwoo Hitech Co Ltd


089980.KQ
Sang-A Frontec Co Ltd
023160.KQ
TK Corp


092190.KQ
Seoul Viosys Co Ltd
039840.KQ
Dio Corp


100130.KQ
Dongkuk Structures &amp; Construction Co Ltd
041190.KQ
Woori Technology Investment Co Ltd


101490.KQ
S&amp;S Tech Corp
041830.KQ
InBody Co Ltd


131370.KQ
Rsupport Co Ltd
043150.KQ
Value Added Technology Co Ltd


137400.KQ
People &amp; Technology Inc
047310.KQ
Power Logics


194700.KQ
Novarex Co Ltd
049950.KQ
MeereCompany Inc


204270.KQ
JNTC Co Ltd
051500.KQ
CJ Freshway Corp


222080.KQ
Creative &amp; Innovative System Corp
063570.KQ
Nice Total Cash Management Co Ltd


235980.KQ
MedPacto Inc
080160.KQ
Modetour Network Inc


290510.KQ
KoreaCenter Co Ltd
084110.KQ
Huons Global Co Ltd


290650.KQ
L&amp;C Bio Co Ltd
089600.KQ
Nasmedia Co Ltd


293490.KQ
Kakao Games Corp
115960.KQ
Yonwoo Co Ltd


294140.KQ
Lemon Co Ltd
228760.KQ
Genomictree Inc


357780.KQ
SoulBrain Co Ltd
282880.KQ
CowinTech Co Ltd


There are 11 trading days to implementation. There are 2 additions that have more than 3 days of ADV to trade while there are 9 deletions that have more than 3 days of ADV to trade. Things could get interesting over the next couple of weeks.

KOSDAQ150 Index Rebalance: Lots of Changes, Big Turnover, High Impact

<p>The Korea Exchange (KRX) will announce the results of the December 2020 review of the KOSDAQ150 Index in the second half of November. The constituent changes will be effective from the open on 11 December 2020 and the rebalancing trades will need to be done at the closing auction on 10 December 2020.</p><p>The review covers the period from 1 May to 31 October. We have gone through 120 trading days and there are only 3 days remaining in the review period. Since the data is averaged, there is a very small possibility of the names changing over the next few days.</p><p>At the current time, we see 16 potential inclusions and exclusions with a one-way turnover of 6.94%. This includes the fast entry inclusion of <a href="https://www.smartkarma.com/entities/kakao-games-corp" target="_blank" data-smartkarma-citation="entities:26730:1" rel="noopener">Kakao Games (293490 KS)</a>.</p><p>The expected inclusions have outperformed the expected deletions since the start of the review period but have given up a significant part of the gains over the last couple of months. With short selling still banned, there could be another period of outperformance prior to the announcement with continuation leading up to implementation date.</p>

The Korea Exchange (KRX) will announce the results of the December 2020 review of the KOSDAQ150 Index in the second half of November. The constituent changes will be effective from the open on 11 December 2020 and the rebalancing trades will need to be done at the closing auction on 10 December 2020.The review covers the period from 1 May to 31 October. We have gone through 120 trading days and there are only 3 days remaining in the review period. Since the data is averaged, there is a very small possibility of the names changing over the next few days.At the current time, we see 16 potential inclusions and exclusions with a one-way turnover of 6.94%. This includes the fast entry inclusion of Kakao Games (293490 KS).The expected inclusions have outperformed the expected deletions since the start of the review period but have given up a significant part of the gains over the last couple of months. With short selling still banned, there could be another period of outperformance prior to the announcement with continuation leading up to implementation date.

KOSDAQ150 Index Rebalance Preview: Reversion Sets Up an Attractive Entry Point

Daejoo Electronic Materials / Index Rebalance

<p>The Korea Exchange (KRX) will announce the results of the December 2020 review of the KOSDAQ150 Index in November. The constituent changes will be effective from 11 December 2020 and the rebalancing trades will need to be done at the closing auction on 10 December 2020.</p><p>The review period for the December rebalance runs from 1 May to 31 October. At the current time, we see 15 stocks being added to and deleted from the index. This is up from the 11 names we saw being included/ excluded at the end of June. With the index methodology using a 6 month average, the list should be a lot more stable going forward.</p><p>The expected inclusions have outperformed the expected exclusions, and the KOSDAQ150 index, by a wide margin over the last 4 months. With the short sell ban extended to 15 March 2021, the expected inclusions could continue to run up as investors chase momentum.</p>

The Korea Exchange (KRX) will announce the results of the December 2020 review of the KOSDAQ150 Index in November. The constituent changes will be effective from 11 December 2020 and the rebalancing trades will need to be done at the closing auction on 10 December 2020.The review period for the December rebalance runs from 1 May to 31 October. At the current time, we see 15 stocks being added to and deleted from the index. This is up from the 11 names we saw being included/ excluded at the end of June. With the index methodology using a 6 month average, the list should be a lot more stable going forward.The expected inclusions have outperformed the expected exclusions, and the KOSDAQ150 index, by a wide margin over the last 4 months. With the short sell ban extended to 15 March 2021, the expected inclusions could continue to run up as investors chase momentum.

KOSDAQ150 Index Rebalance Preview: Strong Momentum Driving Gains

<p>The KRX announced the list of inclusions and exclusions to the KOSDAQ150 Index today. The rebalance is effective as of 12 June and all passive buying/selling will be done at the closing auction on 11 June.</p><p>There are 14 inclusions and 14 exclusions in the June 2020 review with an expected one-way turnover of 5.15%.</p><p>The inclusions and exclusions are shown in the table below</p><table class="table table-striped">
<colgroup>
<col>
<col>
<col>
<col>
</colgroup>
<tbody>
<tr>
<td style="text-align: center; width: 230pt;" colspan="2">INCLUSIONS</td>
<td style="text-align: center; width: 219pt;" colspan="2">EXCLUSIONS</td>
</tr>
<tr>
<td>018290.KQ</td>
<td>VT GMP Co Ltd</td>
<td>007820.KQ</td>
<td>SM Core Inc</td>
</tr>
<tr>
<td>032190.KQ</td>
<td>Daou Data Corp</td>
<td>013030.KQ</td>
<td>HY-Lok Corp</td>
</tr>
<tr>
<td>038540.KQ</td>
<td>Sangsangin Co Ltd</td>
<td>016250.KQ</td>
<td>eTEC E&amp;C Ltd</td>
</tr>
<tr>
<td>041190.KQ</td>
<td>Woori Technology Investment Co Ltd</td>
<td>019210.KQ</td>
<td>YG-1 Co Ltd</td>
</tr>
<tr>
<td>052260.KQ</td>
<td>SK Bio Land Co Ltd</td>
<td>036630.KQ</td>
<td>Sejong Telecom Inc</td>
</tr>
<tr>
<td>060720.KQ</td>
<td>KH Vatec Co Ltd</td>
<td>041140.KQ</td>
<td>Nexon GT Co Ltd</td>
</tr>
<tr>
<td>078020.KQ</td>
<td>eBEST Investment &amp; Securities Co Ltd</td>
<td>044490.KQ</td>
<td>Taewoong Co Ltd</td>
</tr>
<tr>
<td>078070.KQ</td>
<td>Ubiquoss Holdings Inc</td>
<td>045100.KQ</td>
<td>Hanyang ENG Co Ltd</td>
</tr>
<tr>
<td>084370.KQ</td>
<td>Eugene Technology Co Ltd</td>
<td>067390.KQ</td>
<td>AeroSpace Technology of Korea Inc</td>
</tr>
<tr>
<td>084850.KQ</td>
<td>ITM Semiconductor Co Ltd</td>
<td>095190.KQ</td>
<td>EMKorea Co Ltd</td>
</tr>
<tr>
<td>085660.KQ</td>
<td>Chabiotech Co Ltd</td>
<td>215360.KQ</td>
<td>Woory Industrial Co Ltd</td>
</tr>
<tr>
<td>214370.KQ</td>
<td>Caregen Co Ltd</td>
<td>215600.KQ</td>
<td>SillaJen Inc</td>
</tr>
<tr>
<td>268600.KQ</td>
<td>Cellivery Therapeutics Inc</td>
<td>217730.KQ</td>
<td>Kang Stem Biotech Co Ltd</td>
</tr>
<tr>
<td>282880.KQ</td>
<td>CowinTech Co Ltd</td>
<td>222040.KQ</td>
<td>Cosmax NBT Inc</td>
</tr>
</tbody>
</table><p>There is significant volume to buy and sell on quite a few inclusions and exclusions and stocks will move since there are only 11 trading days to implementation.</p>

The KRX announced the list of inclusions and exclusions to the KOSDAQ150 Index today. The rebalance is effective as of 12 June and all passive buying/selling will be done at the closing auction on 11 June.There are 14 inclusions and 14 exclusions in the June 2020 review with an expected one-way turnover of 5.15%.The inclusions and exclusions are shown in the table below








INCLUSIONS
EXCLUSIONS


018290.KQ
VT GMP Co Ltd
007820.KQ
SM Core Inc


032190.KQ
Daou Data Corp
013030.KQ
HY-Lok Corp


038540.KQ
Sangsangin Co Ltd
016250.KQ
eTEC E&amp;C Ltd


041190.KQ
Woori Technology Investment Co Ltd
019210.KQ
YG-1 Co Ltd


052260.KQ
SK Bio Land Co Ltd
036630.KQ
Sejong Telecom Inc


060720.KQ
KH Vatec Co Ltd
041140.KQ
Nexon GT Co Ltd


078020.KQ
eBEST Investment &amp; Securities Co Ltd
044490.KQ
Taewoong Co Ltd


078070.KQ
Ubiquoss Holdings Inc
045100.KQ
Hanyang ENG Co Ltd


084370.KQ
Eugene Technology Co Ltd
067390.KQ
AeroSpace Technology of Korea Inc


084850.KQ
ITM Semiconductor Co Ltd
095190.KQ
EMKorea Co Ltd


085660.KQ
Chabiotech Co Ltd
215360.KQ
Woory Industrial Co Ltd


214370.KQ
Caregen Co Ltd
215600.KQ
SillaJen Inc


268600.KQ
Cellivery Therapeutics Inc
217730.KQ
Kang Stem Biotech Co Ltd


282880.KQ
CowinTech Co Ltd
222040.KQ
Cosmax NBT Inc


There is significant volume to buy and sell on quite a few inclusions and exclusions and stocks will move since there are only 11 trading days to implementation.

KOSDAQ150 Index Review - Let's Not Follow The Index Methodology

Event-Driven

<p>The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSDAQ 150 index in May. The constituent changes will be effective from 12 June 2020 and the rebalancing trades will need to be done at the closing auction on 11 June 2020.</p><p>Following on from our earlier Insight, <a href="https://www.smartkarma.com/insights/kosdaq150-rebalance-preview-stocks-starting-to-move" target="_blank" rel="noopener" data-smartkarma-citation="insights:36461">KOSDAQ150 Rebalance Preview - Stocks Starting to Move</a>, we refresh our list of inclusions and exclusions using the latest market data and find one more change from our earlier list.</p><p>We currently see 10 inclusions and exclusions in the KOSDAQ150 in the upcoming review and the high conviction inclusions continue to outperform the high conviction exclusions and the KOSDAQ150 index.</p>

The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSDAQ 150 index in May. The constituent changes will be effective from 12 June 2020 and the rebalancing trades will need to be done at the closing auction on 11 June 2020.Following on from our earlier Insight, KOSDAQ150 Rebalance Preview - Stocks Starting to Move, we refresh our list of inclusions and exclusions using the latest market data and find one more change from our earlier list.We currently see 10 inclusions and exclusions in the KOSDAQ150 in the upcoming review and the high conviction inclusions continue to outperform the high conviction exclusions and the KOSDAQ150 index.

KOSDAQ150 Rebalance Preview - Tracking Changes

South Korea

Cowintech Co., Ltd. manufactures and distributes industrial automation controls devices. The Company produces automation warehouse equipment and other related products. Cowintech markets its products worldwide.

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Cowintech (282880 KS)

KOSDAQ150 Index Rebalance: Lots of Changes, Big Turnover, High Impact

There are 17 changes to the KOSDAQ150 index and the turnover is estimated at 7.71%. There are a lot of stocks that have over 3 days of ADV to trade...

Brian Freitas

KOSDAQ150 Index Rebalance Preview: Reversion Sets Up an Attractive Entry Point

With 16 possible changes to the KOSDAQ150 in the Dec review with a one-way turnover of 7%, the recent underperformance of the inclusions vs the...

Brian Freitas

KOSDAQ150 Index Rebalance Preview: Strong Momentum Driving Gains

The Korea Exchange (KRX) will announce the results of the December 2020 review of the KOSDAQ150 Index in November. The constituent changes will be...

Brian Freitas

KOSDAQ150 Index Review - Let's Not Follow The Index Methodology

The KRX announced the list of inclusions and exclusions to the KOSDAQ150 Index today. The rebalance is effective as of 12 June and all passive...

Brian Freitas

KOSDAQ150 Rebalance Preview - Tracking Changes

The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSDAQ 150 index in May. The constituent changes will be...

Brian Freitas

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