Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cross Asset Strategy

The Korea Exchange announced its KOSDAQ150 and KRX300 indices rebalances today. There were 17 new additions and 17 deletions for KOSDAQ150. Most of the stocks that were expected to be included in KOSDAQ 150 were officially included in the rebalance. However there were a few surprises. For example <a href="https://www.smartkarma.com/entities/nanos-co-ltd" target="_blank" data-smartkarma-citation="entities:16796:1" rel="noopener">Nanos Co Ltd (151910 KS),</a>which was one of the stocks that was expected to be included in KOSDAQ150, did not get included in this indext this time. On the other hand, the following stocks including <a href="https://www.smartkarma.com/entities/sang-a-frontec-co-ltd" target="_blank" data-smartkarma-citation="entities:20692:1" rel="noopener">Sang A Frontec (089980 KS)</a>, Novarex (194700 KS(, CIS (222080 KS), MedPacto (215980 KS), <a href="https://www.smartkarma.com/entities/koreacenter-com-co-ltd" target="_blank" data-smartkarma-citation="entities:28329:1" rel="noopener">Koreacenter.com Co Ltd (290510 KS)</a>, and Soulbrain (357780 KS) which were not on the top of the lists of getting selected into the KOSDAQ150 index by the locals, were formally selected be part of the new KOSDAQ150 inclusions.  The Korea Exchange also made changes to the KRX300 index. Although the KRX300 index is not currently as important as KOSPI200 and KOSDAQ150 indices, it is increasingly gaining in importance among the local institutional investors. The KRX300 had 33 new additions and 35 deletions.

The Korea Exchange announced its KOSDAQ150 and KRX300 indices rebalances today. There were 17 new additions and 17 deletions for KOSDAQ150. Most of the stocks that were expected to be included in KOSDAQ 150 were officially included in the rebalance. However there were a few surprises. For example Nanos Co Ltd (151910 KS),which was one of the stocks that was expected to be included in KOSDAQ150, did not get included in this indext this time. On the other hand, the following stocks including Sang A Frontec (089980 KS), Novarex (194700 KS(, CIS (222080 KS), MedPacto (215980 KS), Koreacenter.com Co Ltd (290510 KS), and Soulbrain (357780 KS) which were not on the top of the lists of getting selected into the KOSDAQ150 index by the locals, were formally selected be part of the new KOSDAQ150 inclusions.  The Korea Exchange also made changes to the KRX300 index. Although the KRX300 index is not currently as important as KOSPI200 and KOSDAQ150 indices, it is increasingly gaining in importance among the local institutional investors. The KRX300 had 33 new additions and 35 deletions. 

KOSDAQ150 and KRX300 Indices Rebalances (Overlapping Additions & Deletions)

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Event-Driven

This post takes a look at the Hanjin Kal situation, specifically what might have happened last Friday which saw Hanjin Kal shares hit the daily ceiling. This post also has KCGI's buying price data since last Nov. It then discusses what may be the next action of KCGI.

This post takes a look at the Hanjin Kal situation, specifically what might have happened last Friday which saw Hanjin Kal shares hit the daily ceiling. This post also has KCGI's buying price data since last Nov. It then discusses what may be the next action of KCGI.

Hanjin Kal Situation Update: Owner Family, KCGI & Meritz Financial

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<li>
In the past week, Meritz Asset Management launched the "Meritz The Women Fund (메리츠더우먼펀드)," which is the first SRI Mutual Fund aimed at investing in companies that promote women in Korea. </li>
<li>
Meritz The Women Fund is run by the Meritz Asset Management, and for this fund it receives a lot of the SRI (socially responsible investing) inputs and initial screen from the Sustinvest advisory firm.</li>
<li>We think that Meritz Asset Management is smart in marketing Korea's first women focused equity fund. It remains to be seen how much assets it can gain but it appears to be a solid move to gain increased support to improve the glass ceiling for women among Korean companies. </li>
<li>Meritz Asset Management has benchmarked numerous SRI funds globally that have focused on empowering women. Some of these well known funds include Calvert Investments, Domini Social Investments, Neuberger Berman’s NB Socially Responsive Fund, Parnassus Fund, Global Women Equity Fund, and Pax World Investments. </li>
</ul>



In the past week, Meritz Asset Management launched the "Meritz The Women Fund (메리츠더우먼펀드)," which is the first SRI Mutual Fund aimed at investing in companies that promote women in Korea. 

Meritz The Women Fund is run by the Meritz Asset Management, and for this fund it receives a lot of the SRI (socially responsible investing) inputs and initial screen from the Sustinvest advisory firm.
We think that Meritz Asset Management is smart in marketing Korea's first women focused equity fund. It remains to be seen how much assets it can gain but it appears to be a solid move to gain increased support to improve the glass ceiling for women among Korean companies. 
Meritz Asset Management has benchmarked numerous SRI funds globally that have focused on empowering women. Some of these well known funds include Calvert Investments, Domini Social Investments, Neuberger Berman’s NB Socially Responsive Fund, Parnassus Fund, Global Women Equity Fund, and Pax World Investments. 


The First SRI Mutual Fund Aimed at Investing in Korean Companies that Promote Women

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

MSCI Emerging Markets Index / Technical Analysis

This report highlights actionable EM stocks from across industries and regions.  This week's report highlights the following:<ul><li>Latin America is breaking out to all-time highs.</li><li>Tech--extended but still leadership.</li><li>Uptick in attractive consumer stocks.</li><li>Commodity sectors are strengthening.</li></ul>

This report highlights actionable EM stocks from across industries and regions.  This week's report highlights the following:Latin America is breaking out to all-time highs.Tech--extended but still leadership.Uptick in attractive consumer stocks.Commodity sectors are strengthening.

EM Leadership Screen & Chart Book: Technically Attractive EM Stocks

Thematic (Sector/Industry)

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<li>
Holdco (holding company) conversion candidates in Korea have been some of the best performing stocks in Korea in the past six months. In this report, we have identified 14 of the most widely noted companies in the Korean stock market that have received the most attention regarding the potential conversion into holdco structures.</li>
<li>These 14 companies (holdco conversion candidates) are up on average 9.1% in the past six months versus KOSPI which is up only 2.7% in the same period. These 14 holdco…</li>
</ul>



Holdco (holding company) conversion candidates in Korea have been some of the best performing stocks in Korea in the past six months. In this report, we have identified 14 of the most widely noted companies in the Korean stock market that have received the most attention regarding the potential conversion into holdco structures.
These 14 companies (holdco conversion candidates) are up on average 9.1% in the past six months versus KOSPI which is up only 2.7% in the same period. These 14 holdco…


Comprehensive List of Holdco Conversion Candidates in Korea

South Korea

Meritz Financial Group Inc is a holding company of Meritz Securities, Meritz Asset Management, Meritz Financial Information Service and et cetera. The Company manages and controls its financial subsidiaries.

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Meritz Financial Group (138040 KS)

KOSDAQ150 and KRX300 Indices Rebalances (Overlapping Additions & Deletions)

We highlight the KOSDAQ150 and KRX300 indices rebalances. There are some interesting new names, especially among those that are over lapping in...

Douglas Kim

Hanjin Kal Situation Update: Owner Family, KCGI & Meritz Financial

This post takes a look at the Hanjin Kal situation, specifically what might have happened last Friday which saw Hanjin Kal shares hit the daily...

Sanghyun Park

The First SRI Mutual Fund Aimed at Investing in Korean Companies that Promote Women

In the past week, Meritz Asset Management launched the "Meritz The Women Fund (메리츠더우먼펀드)," which is the first SRI Mutual Fund aimed at investing...

Douglas Kim

EM Leadership Screen & Chart Book: Technically Attractive EM Stocks

This report highlights actionable EM stocks from across industries and regions. This week's report highlights the following: Latin America is...

Vermilion Research

Comprehensive List of Holdco Conversion Candidates in Korea

Holdco (holding company) conversion candidates in Korea have been some of the best performing stocks in Korea in the past six months. In this...

Douglas Kim

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