Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cross Asset Strategy

<p>The Korea Exchange announced its KOSDAQ150 and KRX300 indices rebalances today. There were 17 new additions and 17 deletions for KOSDAQ150. </p><p>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.  </p><p>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. </p>

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)

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

<p>This report highlights actionable EM stocks from across industries and regions.  This week's report highlights the following:</p><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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<strong>Holdco (holding company) conversion candidates in Korea have been some of the best performing stocks in Korea in the past six months.</strong> 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>
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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

<p>We highlight 28 Korean companies that are seeking to find new owners through M&amp;A in 2017. Key sectors of M&amp;A in Korea in 2017 include<strong> energy, financials,</strong> and <strong>materials</strong>. Our analysis is based on the publicly available information. </p><p><strong>Active M&amp;As in the Korean insurance sector</strong> - In 2016, some of the major completed M&amp;As include the sale of Allianz Life Insurance Korea and PCA Life Insurance. China's <strong>Anbang Life Insurance</strong> has been aggressively acquiring insurance companies in Korea in recent years, including Allianz Life Insurance Korea and Tong Yang Life Insurance. KDB Life Insurance and ING Life Insurance Korea are still up for sale in 2017.  </p><div class="content-highlight"><p><em><strong>Among the various M&amp;A sectors in Korea in 2017, we find materials and energy sectors to be quite interesting.</strong></em></p></div>

We highlight 28 Korean companies that are seeking to find new owners through M&amp;A in 2017. Key sectors of M&amp;A in Korea in 2017 include energy, financials, and materials. Our analysis is based on the publicly available information. Active M&amp;As in the Korean insurance sector - In 2016, some of the major completed M&amp;As include the sale of Allianz Life Insurance Korea and PCA Life Insurance. China's Anbang Life Insurance has been aggressively acquiring insurance companies in Korea in recent years, including Allianz Life Insurance Korea and Tong Yang Life Insurance. KDB Life Insurance and ING Life Insurance Korea are still up for sale in 2017.  Among the various M&amp;A sectors in Korea in 2017, we find materials and energy sectors to be quite interesting.

2017 Korea M&A Market Outlook - What's For Sale?

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

<p><strong>Chartonics webcast </strong>Wednesday 7 September 2016</p><p><strong>Rotation plays in Asia </strong></p><div>To view click on this link: <a href="http://www.screencast.com/t/F6RFeLLyfu" target="_blank">http://www.screencast.com/t/F6RFeLLyfu</a> 6:29 min.</div><div>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/012/922/original/CPG%20FRONT%20COVER.png?1473237558" class="editor-image img-responsive" data-smartkarma-image-id="12922"></figure><div class="content-caption">Asia stock rotation webcast</div>
<p>Action point in Taiwan - 9,200 was our pivot risk point for our 9,033 pair short which was cleared calling for cutting this position. </p>
</div><div>TSMC - 180 was our risk point for stopping out our 177.50 short (our short pair bet). Above 185 would constitute a parabolic breakout. Don't want to miss a fade here thus watching 185 which is…</div>

Chartonics webcast Wednesday 7 September 2016Rotation plays in Asia To view click on this link: http://www.screencast.com/t/F6RFeLLyfu 6:29 min.
Asia stock rotation webcast
Action point in Taiwan - 9,200 was our pivot risk point for our 9,033 pair short which was cleared calling for cutting this position. 
TSMC - 180 was our risk point for stopping out our 177.50 short (our short pair bet). Above 185 would constitute a parabolic breakout. Don't want to miss a fade here thus watching 185 which is…

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

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

2017 Korea M&A Market Outlook - What's For Sale?

We highlight 28 Korean companies that are seeking to find new owners through M&A in 2017. Key sectors of M&A in Korea in 2017 include...

Douglas Kim

Asia Rotation Picks

Chartonics webcast Wednesday 7 September 2016Rotation plays in Asia To view click on this link: http://www.screencast.com/t/F6RFeLLyfu 6:29...

Thomas Schroeder

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