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 short interest of KRX stocks as of Feb 27th. The aggregated short interest was USD15.4bn.</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 HyundaiEng&amp;Const, LG H&amp;H, HyundaiAutoever, Samsung SDI, Hanmi Semi.</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Feb 27th. The aggregated short interest was USD15.4bn.
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 HyundaiEng&amp;Const, LG H&amp;H, HyundaiAutoever, Samsung SDI, Hanmi Semi.


KRX Short Interest Weekly (Feb 27th): HyundaiEng&Const, LG H&H, HyundaiAutoever, Samsung SDI

<ul>
<li>We analysed the earning revision of component stocks of MS-South 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, KEPCO, MIRAE ASSET SEC, Samsung SDI, Hyundai Motor, Samsung Electronics, KB Financial, LG Energy Solution.</li>
</ul>


We analysed the earning revision of component stocks of MS-South 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, KEPCO, MIRAE ASSET SEC, Samsung SDI, Hyundai Motor, Samsung Electronics, KB Financial, LG Energy Solution.


MS-South Korea Index Earning Revision (Feb): SK Hynix, KEPCO, MIRAE ASSET SEC, Samsung SDI

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

Liontown Resources / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/lg-energy-solution" target="_blank" data-smartkarma-citation="entities:33464:1" rel="noopener">LG Energy Solution (373220 KS)</a> looking to raise up to US$302m from a cleanup sale of its stake in <a href="https://www.smartkarma.com/entities/liontown-resources-ltd" target="_blank" data-smartkarma-citation="entities:20488:1" rel="noopener">Liontown Resources (LTR AU)</a>.</li>
<li>The deal is a large one, representing 11.5 days of the stock’s three month ADV, and 6.6% of total shares outstanding.</li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



LG Energy Solution (373220 KS) looking to raise up to US$302m from a cleanup sale of its stake in Liontown Resources (LTR AU).
The deal is a large one, representing 11.5 days of the stock’s three month ADV, and 6.6% of total shares outstanding.
In this note, we will talk about the placement and run the deal through our ECM framework.


Aequitas: Liontown Resources Placement -  LG Opportunistic Selldown After a Large Price Jump Today

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of Feb 20th. The aggregated short interest was USD15.0bn.</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 COWAY, Doosan Enerbility, Hanwha Ocean, Samsung F&amp;M Insurance, Samsung SDI.</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Feb 20th. The aggregated short interest was USD15.0bn.
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 COWAY, Doosan Enerbility, Hanwha Ocean, Samsung F&amp;M Insurance, Samsung SDI.


KRX Short Interest Weekly (Feb 20th): COWAY, Doosan Enerbility, Hanwha Ocean, Samsung F&M Insurance

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>In the past week, Palliser Capital provided an updated corporate governance improvement recommendations to LG Chem.</li>
<li>LG Chem has a market cap of 22.9 trillion won. LG Chem's 79.38% stake in LG Energy Solution is worth 73.3 trillion won which is 3.2x LG Chem's market cap. </li>
<li>BOD of LG Chem does not want to LOSE FACE, as it would rather partially sell its stake in LGES when its share price is higher, not lower. </li>
</ul>


In the past week, Palliser Capital provided an updated corporate governance improvement recommendations to LG Chem.
LG Chem has a market cap of 22.9 trillion won. LG Chem's 79.38% stake in LG Energy Solution is worth 73.3 trillion won which is 3.2x LG Chem's market cap. 
BOD of LG Chem does not want to LOSE FACE, as it would rather partially sell its stake in LGES when its share price is higher, not lower. 


Will LG Chem's Mgmt Listen to Palliser Capital This Time for Higher Shareholder Returns?

South Korea

LG Energy Solution produces and sells batteries. The Company manufactures and sells automobile batteries, small batteries, energy storage system batteries, and other products. LG Energy Solution markets its products worldwide.

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LG Energy Solution (373220 KS)

KRX Short Interest Weekly (Feb 27th): HyundaiEng&Const, LG H&H, HyundaiAutoever, Samsung SDI

We analyzed KRX short interest report for the past week and highlighted short interest changes in HyundaiEng&Const, LG H&H, HyundaiAutoever,...

Ke Yan, CFA, FRM

MS-South Korea Index Earning Revision (Feb): SK Hynix, KEPCO, MIRAE ASSET SEC, Samsung SDI

We analyzed MS-South Korea's consensus for Feb 2026 and highlighted changes of EPS in SK Hynix (000660 KS), KEPCO (015760 KS), MIRAE ASSET SEC...

Ke Yan, CFA, FRM

Aequitas: Liontown Resources Placement - LG Opportunistic Selldown After a Large Price Jump Today

LG Energy is looking to raise up to US$302m from a cleanup sale of its stake in Liontown Resources. In this note, we will talk about the placement...

Nicholas Tan

KRX Short Interest Weekly (Feb 20th): COWAY, Doosan Enerbility, Hanwha Ocean, Samsung F&M Insurance

We analyzed KRX short interest report for the past week and highlighted short interest changes in COWAY, Doosan Enerbility, Hanwha Ocean, Samsung...

Ke Yan, CFA, FRM

Will LG Chem's Mgmt Listen to Palliser Capital This Time for Higher Shareholder Returns?

In a surprising move, LG Chem has decided to abide by many of the recent demands of the activist fund Palliser Capital. The LG Chem BOD has...

Douglas Kim

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