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

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Event-Driven

<div><p>The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSPI 200 in the second half of 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></div><div><p>In this Insight we look at the KOSPI 200 index methodology, the historical performance of inclusions vs exclusions, at the expected candidates for inclusion/exclusion in this review and some of the details around the names.</p></div><div>
<p>Following the completion of the review period on 29 April, we see 12 stocks being added to and deleted from the index.</p>
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<tbody>
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<td style="text-align: center; width: 259pt;" colspan="3">EXPECTED INCLUSIONS</td>
<td style="text-align: center; width: 214pt;" colspan="3">EXPECTED EXCLUSIONS</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>Conviction</strong></td>
<td style="text-align: center;"><strong>Code</strong></td>
<td style="text-align: center;"><strong>Name</strong></td>
<td style="text-align: center;"><strong>Conviction</strong></td>
</tr>
<tr>
<td>003670.KS</td>
<td>POSCO CHEMICAL</td>
<td>HIGH</td>
<td>002270.KS</td>
<td>LOTTE FOOD</td>
<td>HIGH</td>
</tr>
<tr>
<td>180640.KS</td>
<td>HANJINKAL</td>
<td>HIGH</td>
<td>060980.KS</td>
<td>HALLA HOLDINGS</td>
<td>HIGH</td>
</tr>
<tr>
<td>007700.KS</td>
<td>F&amp;F</td>
<td>HIGH</td>
<td>002960.KS</td>
<td>HANKOOK SHELL OIL</td>
<td>HIGH</td>
</tr>
<tr>
<td>013890.KS</td>
<td>ZINUS</td>
<td>HIGH</td>
<td>025540.KS</td>
<td>KOR ELEC TERM</td>
<td>HIGH</td>
</tr>
<tr>
<td>011200.KS</td>
<td>HYUNDAI MERC MAR</td>
<td>HIGH</td>
<td>096760.KS</td>
<td>JW HOLDINGS</td>
<td>HIGH</td>
</tr>
<tr>
<td>020560.KS</td>
<td>ASIANA AIRLINES</td>
<td>HIGH</td>
<td>002240.KS</td>
<td>KIS WIRE</td>
<td>HIGH</td>
</tr>
<tr>
<td>009410.KS</td>
<td>TAEYOUNG E&amp;C</td>
<td>HIGH</td>
<td>001520.KS</td>
<td>TONGYANG</td>
<td>HIGH</td>
</tr>
<tr>
<td>241590.KS</td>
<td>HWASEUNG ENTERPRISE</td>
<td>HIGH</td>
<td>003920.KS</td>
<td>NAMYANG DAIRY</td>
<td>HIGH</td>
</tr>
<tr>
<td>192080.KS</td>
<td>DOUBLEUGAMES</td>
<td>HIGH</td>
<td>003620.KS</td>
<td>SSANGYONG MTR</td>
<td>HIGH</td>
</tr>
<tr>
<td>284740.KS</td>
<td>CUCKOO HOMESYS</td>
<td>HIGH</td>
<td>079430.KS</td>
<td>HYUNDAI LIVART</td>
<td>HIGH</td>
</tr>
<tr>
<td>032350.KS</td>
<td>LOTTE TOUR</td>
<td>HIGH</td>
<td>298040.KS</td>
<td>HYOSUNG HEAVY</td>
<td>HIGH</td>
</tr>
<tr>
<td>016380.KS</td>
<td>DONGBU STL</td>
<td>LOW</td>
<td>014830.KS</td>
<td>UNID</td>
<td>LOW</td>
</tr>
</tbody>
</table>
<p>The KRX also <a href="http://eindex.krx.co.kr/board/GLB0501070000/bbs#view=20348" target="_blank" rel="noopener">announced</a> that they were repealing the 30% capping rule in the <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200-index" target="_blank" rel="noopener" data-smartkarma-citation="entities:26021:1">Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX)</a>, so there will not be any capping of <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:191:1">Samsung Electronics (005930 KS)</a> in this review or any further reviews. </p>
</div>

The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSPI 200 in the second half of 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.In this Insight we look at the KOSPI 200 index methodology, the historical performance of inclusions vs exclusions, at the expected candidates for inclusion/exclusion in this review and some of the details around the names.
Following the completion of the review period on 29 April, we see 12 stocks being added to and deleted from the index.











EXPECTED INCLUSIONS
EXPECTED EXCLUSIONS


Code
Name
Conviction
Code
Name
Conviction


003670.KS
POSCO CHEMICAL
HIGH
002270.KS
LOTTE FOOD
HIGH


180640.KS
HANJINKAL
HIGH
060980.KS
HALLA HOLDINGS
HIGH


007700.KS
F&amp;F
HIGH
002960.KS
HANKOOK SHELL OIL
HIGH


013890.KS
ZINUS
HIGH
025540.KS
KOR ELEC TERM
HIGH


011200.KS
HYUNDAI MERC MAR
HIGH
096760.KS
JW HOLDINGS
HIGH


020560.KS
ASIANA AIRLINES
HIGH
002240.KS
KIS WIRE
HIGH


009410.KS
TAEYOUNG E&amp;C
HIGH
001520.KS
TONGYANG
HIGH


241590.KS
HWASEUNG ENTERPRISE
HIGH
003920.KS
NAMYANG DAIRY
HIGH


192080.KS
DOUBLEUGAMES
HIGH
003620.KS
SSANGYONG MTR
HIGH


284740.KS
CUCKOO HOMESYS
HIGH
079430.KS
HYUNDAI LIVART
HIGH


032350.KS
LOTTE TOUR
HIGH
298040.KS
HYOSUNG HEAVY
HIGH


016380.KS
DONGBU STL
LOW
014830.KS
UNID
LOW



The KRX also announced that they were repealing the 30% capping rule in the Korea Stock Exchange Kospi 200 Index (KOSPI2 INDEX), so there will not be any capping of Samsung Electronics (005930 KS) in this review or any further reviews. 


KOSPI200 Rebalance Preview: The Final Cut

<p>The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSPI 200 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 previous Insight, <a href="https://www.smartkarma.com/insights/kospi200-rebalance-preview-changing-names-in-a-volatile-market" target="_blank" rel="noopener" data-smartkarma-citation="insights:37063">KOSPI200 Rebalance Preview - Changing Names in a Volatile Market</a>, we find two changes in our expected additions and deletions.</p><p>We currently see 11 inclusions and exclusions in the KOSPI200 in the upcoming review and the high conviction inclusions continue to handily outperform the high conviction exclusions and the KOSPI200 index.</p>

The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSPI 200 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 previous Insight, KOSPI200 Rebalance Preview - Changing Names in a Volatile Market, we find two changes in our expected additions and deletions.We currently see 11 inclusions and exclusions in the KOSPI200 in the upcoming review and the high conviction inclusions continue to handily outperform the high conviction exclusions and the KOSPI200 index.

KOSPI200 Rebalance Preview - In The Home Straight

South Korea

KG Dongbusteel Co., Ltd. manufactures cold rolled sheets, such as commercial quality cold rolled steel sheets, deep drawing quality cold rolled sheets, and stabilized deep drawing cold rolled sheets.  The Company also offers special cold rolled sheets and plating base metals.

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

KG Dongbusteel Co., Ltd. (016380 KS)

KOSPI200 Rebalance Preview: The Final Cut

The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSPI 200 in the second half of May. The constituent changes will...

Brian Freitas

KOSPI200 Rebalance Preview - In The Home Straight

The Korea Exchange (KRX) will announce the results of the June 2020 review of the KOSPI 200 in May. The constituent changes will be effective from...

Brian Freitas

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)