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 Jan 23rd. The aggregated holding was USD1,058.6bn.</li>
<li>We estimate that foreign flows to be outflows of USD312mln. 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 Hyundai Motor, Samsung Electronics, Mobis, Samsung SDI, Hyundai Glovis.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Jan 23rd. The aggregated holding was USD1,058.6bn.
We estimate that foreign flows to be outflows of USD312mln. 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 Hyundai Motor, Samsung Electronics, Mobis, Samsung SDI, Hyundai Glovis.


KRX Foreign Holding Weekly (Jan 23rd): Hyundai Motor, Samsung Electronics, Mobis, Samsung SDI

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Jan 16th. The aggregated holding was USD1,025.2bn.</li>
<li>We estimate that foreign flows to be outflows of USD1,519mln. 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, SK Hynix, Hyundai Motor, Hanwha Ocean, kakaopay.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Jan 16th. The aggregated holding was USD1,025.2bn.
We estimate that foreign flows to be outflows of USD1,519mln. 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, SK Hynix, Hyundai Motor, Hanwha Ocean, kakaopay.


KRX Foreign Holding Weekly (Jan 16th): Samsung Electronics, SK Hynix, Hyundai Motor, Hanwha Ocean

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>Hanwha Corp announced that it will create two separate holding companies for the Hanwha Group - Hanwha Corp and Hanwha Machinery &amp; Service Holdings.  </li>
<li>Hanwha Corp will also cancel 4.45 million treasury shares (5.9% of outstanding shares) to improve shareholder value.</li>
<li>We have raised our NAV valuation of Hanwha Corp. Our upgraded NAV analysis of Hanwha Corp is target price of 204,800 won per share (up 63% from current price).</li>
</ul>


Hanwha Corp announced that it will create two separate holding companies for the Hanwha Group - Hanwha Corp and Hanwha Machinery &amp; Service Holdings.  
Hanwha Corp will also cancel 4.45 million treasury shares (5.9% of outstanding shares) to improve shareholder value.
We have raised our NAV valuation of Hanwha Corp. Our upgraded NAV analysis of Hanwha Corp is target price of 204,800 won per share (up 63% from current price).


Hanwha Corp: Creation of Two Separate Holding Companies & Cancellation of 5.9% of Outstanding Shares

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of Jan 9th. The aggregated short interest was USD11.7bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Hyundai Motor, KorZinc, Samsung Electronics, HyundaiAutoever, SAMSUNG C&amp;T.</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Jan 9th. The aggregated short interest was USD11.7bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Hyundai Motor, KorZinc, Samsung Electronics, HyundaiAutoever, SAMSUNG C&amp;T.


KRX Short Interest Weekly (Jan 9th): Hyundai Motor, KorZinc, Samsung Electronics, HyundaiAutoever

<ul>
<li>We analyzed the changes in foreign holdings of KRX stocks as of Jan 9th. The aggregated holding was USD971.1bn.</li>
<li>We estimate that foreign flows to be inflows of USD2,776mln. 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, SK Hynix, Celltrion, Doosan Enerbility, HANWHA AEROSPACE.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of Jan 9th. The aggregated holding was USD971.1bn.
We estimate that foreign flows to be inflows of USD2,776mln. 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, SK Hynix, Celltrion, Doosan Enerbility, HANWHA AEROSPACE.


KRX Foreign Holding Weekly (Jan 9th): Samsung Electronics, SK Hynix, Celltrion, Doosan Enerbility

South Korea

Hanwha Aerospace Co., Ltd. operates as an aircraft parts manufacturing company. The Company produces and sells aircraft gas turbine engine products, aircraft compressors, low pressure turbines, and other products. Hanwha Aerospace markets its products worldwide.

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Hanwha Aerospace (012450 KS)

KRX Foreign Holding Weekly (Jan 23rd): Hyundai Motor, Samsung Electronics, Mobis, Samsung SDI

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Hyundai Motor, Samsung Electronics, Mobis,...

Ke Yan, CFA, FRM

KRX Foreign Holding Weekly (Jan 16th): Samsung Electronics, SK Hynix, Hyundai Motor, Hanwha Ocean

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

Ke Yan, CFA, FRM

Hanwha Corp: Creation of Two Separate Holding Companies & Cancellation of 5.9% of Outstanding Shares

We have raised our NAV valuation of Hanwha Corp. Our upgraded NAV analysis of Hanwha Corp is target price of 204,800 won per share (up 63% from...

Douglas Kim

KRX Short Interest Weekly (Jan 9th): Hyundai Motor, KorZinc, Samsung Electronics, HyundaiAutoever

We analyzed KRX short interest report for the past week and highlighted short interest changes in Hyundai Motor, KorZinc, Samsung Electronics,...

Ke Yan, CFA, FRM

KRX Foreign Holding Weekly (Jan 9th): Samsung Electronics, SK Hynix, Celltrion, Doosan Enerbility

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

Ke Yan, CFA, FRM

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