Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Feb 27th. The aggregated holding was USD1,368.0bn.</li>
<li>We estimate that foreign flows to be outflows of USD4,289mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Samsung Electronics, Samsung Elec (PREF), SK Hynix, Hanmi Semi, SAMSUNG LIFE.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Feb 27th. The aggregated holding was USD1,368.0bn.
We estimate that foreign flows to be outflows of USD4,289mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Samsung Electronics, Samsung Elec (PREF), SK Hynix, Hanmi Semi, SAMSUNG LIFE.


KRX Foreign Holding Weekly (Feb 27th): Samsung Electronics, Samsung Elec (PREF), SK Hynix

<ul>
<li>We analysed the earning revision of component stocks of MS-Korea in the past month.</li>
<li>We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.</li>
<li>We highlighted EPS revision on SK Hynix, Samsung SDI, SK, Hyundai Motor, SKSQUARE, Samsung Electronics.</li>
</ul>


We analysed the earning revision of component stocks of MS-Korea in the past month.
We tabulated stocks with the top impact on index's EPS, stocks' EPS revision, and revenue revision.
We highlighted EPS revision on SK Hynix, Samsung SDI, SK, Hyundai Motor, SKSQUARE, Samsung Electronics.


MS-Korea Index Earning Revision (Dec): SK Hynix, Samsung SDI, SK, Hyundai Motor, SKSQUARE

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Jan 2nd. The aggregated holding was USD907.1bn.</li>
<li>We estimate that foreign flows to be inflows of USD1,308mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in SK Hynix, Samsung Electronics, LG Energy Solution, Kakao, HYUNDAI ROTEM.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Jan 2nd. The aggregated holding was USD907.1bn.
We estimate that foreign flows to be inflows of USD1,308mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in SK Hynix, Samsung Electronics, LG Energy Solution, Kakao, HYUNDAI ROTEM.


KRX Foreign Holding Weekly (Jan 2nd): SK Hynix, Samsung Electronics, LG Energy Solution, Kakao

Equity/Index & Cross Asset Volatility Specialist, Cameron Design

Jay Cameron

Equity/Index & Cross Asset Volatility Specialist

Cameron Design

We specialize in financial products and volatility. Our strategies balance speed, data, and risk control to capture opportunities across global markets. Our research leverages AI and data analytics to continuously refine our algorithms and adapt to evolving market dynamics.

Equity Derivatives

<ul>
<li>AI-Driven KOSPI concentration necessitates a balanced, diversified portfolio (AI/Tech + Defensives) with a tactical hedge.</li>
<li>KOSPI's 84% YTD gain is narrowly led by Samsung and SK Hynix (45% of gains), raising concentration risk tied to the volatile global AI capex cycle.</li>
<li>The strategy is built by blending high-beta AI-linked technology exposure with lower-beta insurance and industrial stocks for ballast and stability.</li>
</ul>


AI-Driven KOSPI concentration necessitates a balanced, diversified portfolio (AI/Tech + Defensives) with a tactical hedge.
KOSPI's 84% YTD gain is narrowly led by Samsung and SK Hynix (45% of gains), raising concentration risk tied to the volatile global AI capex cycle.
The strategy is built by blending high-beta AI-linked technology exposure with lower-beta insurance and industrial stocks for ballast and stability.


Samsung, SK Hynix, Samsung F&M, Meritz: The Balanced AI-Momentum Korea Portfolio, and KOSPI Options

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Samsung Life replaced DB Insurance at 5% vs 4.3% weight on June 13, triggering 0.2x DTV inflow/0.5x outflow; Samsung +1.79%, DB -4.97%, long-short net ~7%.</li>
<li>For December, DB Insurance likely reclaims Samsung Life’s slot; with higher ETF AUM, expect ~+1.0x DTV inflow for DB, ~-0.6/-0.7x DTV outflow for Samsung.</li>
<li>Still under the radar locally; expect big ETF rebal day moves. With June’s precedent, consider starting positions a day or two early before desk trades.</li>
</ul>


Samsung Life replaced DB Insurance at 5% vs 4.3% weight on June 13, triggering 0.2x DTV inflow/0.5x outflow; Samsung +1.79%, DB -4.97%, long-short net ~7%.
For December, DB Insurance likely reclaims Samsung Life’s slot; with higher ETF AUM, expect ~+1.0x DTV inflow for DB, ~-0.6/-0.7x DTV outflow for Samsung.
Still under the radar locally; expect big ETF rebal day moves. With June’s precedent, consider starting positions a day or two early before desk trades.


Spotted a Quietly Emerging Passive Flow Trade: Long DB Ins, Short Samsung Life in December

South Korea

DB Insurance Co.,Ltd provides insurance services. The Company offers automotive insurance, long term casualty insurance, property insurance, fire and marine insurance, and other services. DB Insurance provides services in Korea.

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

DB Insurance (005830 KS)

KRX Foreign Holding Weekly (Feb 27th): Samsung Electronics, Samsung Elec (PREF), SK Hynix

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Samsung Electronics, Samsung Elec (PREF), SK...

Ke Yan, CFA, FRM

MS-Korea Index Earning Revision (Dec): SK Hynix, Samsung SDI, SK, Hyundai Motor, SKSQUARE

We analyzed MS-Korea's consensus for Dec 2025 and highlighted changes of EPS in SK Hynix, Samsung SDI, SK, Hyundai Motor, SKSQUARE, Samsung...

Ke Yan, CFA, FRM

KRX Foreign Holding Weekly (Jan 2nd): SK Hynix, Samsung Electronics, LG Energy Solution, Kakao

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in SK Hynix, Samsung Electronics, LG Energy...

Ke Yan, CFA, FRM

Samsung, SK Hynix, Samsung F&M, Meritz: The Balanced AI-Momentum Korea Portfolio, and KOSPI Options

Investors in KOSPI should consider balancing their portfolios with a mix of AI/Tech and defensive stocks to mitigate concentration risk from...

Jay Cameron

Spotted a Quietly Emerging Passive Flow Trade: Long DB Ins, Short Samsung Life in December

This post spots and highlights a quietly emerging passive flow trade: going Long Samsung Life and Short DB Insurance in December.

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

KRX Foreign Holding Weekly (Feb 27th): Samsung Electronics, Samsung Elec (PREF), SK Hynix

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Samsung Electronics, Samsung Elec (PREF), SK...

Ke Yan, CFA, FRM

MS-Korea Index Earning Revision (Dec): SK Hynix, Samsung SDI, SK, Hyundai Motor, SKSQUARE

We analyzed MS-Korea's consensus for Dec 2025 and highlighted changes of EPS in SK Hynix, Samsung SDI, SK, Hyundai Motor, SKSQUARE, Samsung...

Ke Yan, CFA, FRM

KRX Foreign Holding Weekly (Jan 2nd): SK Hynix, Samsung Electronics, LG Energy Solution, Kakao

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in SK Hynix, Samsung Electronics, LG Energy...

Ke Yan, CFA, FRM

Samsung, SK Hynix, Samsung F&M, Meritz: The Balanced AI-Momentum Korea Portfolio, and KOSPI Options

​Investors in KOSPI should consider balancing their portfolios with a mix of AI/Tech and defensive stocks to mitigate concentration risk from...

Jay Cameron

Spotted a Quietly Emerging Passive Flow Trade: Long DB Ins, Short Samsung Life in December

This post spots and highlights a quietly emerging passive flow trade: going Long Samsung Life and Short DB Insurance in December.

Sanghyun Park

Investors in KOSPI should consider balancing their portfolios with a mix of AI/Tech and defensive stocks to mitigate concentration risk from...