Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Hydro Lithium (formerly Korea Se Corp) is the top reserved issue in INDUSTRIALS and will get to replace NICE IS as a result of the KOSPI transfer listing.  </li>
<li>The most significant price movements occur when the index corporate action announcement is made. However, some investors hunt for this pattern, as observed in the case of Youlchon Chemical.</li>
<li>Hence, it's worth considering an earlier entry timing. To minimize uncertainty, it's vital to keep an eye on the preemptive price increase of Hydro Lithium before KRX's approval.</li>
</ul>


Hydro Lithium (formerly Korea Se Corp) is the top reserved issue in INDUSTRIALS and will get to replace NICE IS as a result of the KOSPI transfer listing.  
The most significant price movements occur when the index corporate action announcement is made. However, some investors hunt for this pattern, as observed in the case of Youlchon Chemical.
Hence, it's worth considering an earlier entry timing. To minimize uncertainty, it's vital to keep an eye on the preemptive price increase of Hydro Lithium before KRX's approval.


Early Preview of KOSDAQ 150 Ad-Hoc Change in July: Hydro Lithium Will Replace NICE IS

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

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>With 3 trading days left in the review period for the June rebalance, we see 8 potential changes and 2 close adds for the <a href="https://www.smartkarma.com/entities/kosdaq-150-index" target="_blank" data-smartkarma-citation="entities:31077:1" rel="noopener">KOSDAQ 150 Index (KOSDQ150 INDEX)</a>. </li>
<li>There are two potential transfers from the KOSDAQ Market to KOSPI Market that could lead to more changes in May and/or June.</li>
<li>Nearly all potential deletions are trading near their lows and short interest has been increasing on some of the stocks. That will be covered closer to implementation of the rebalance.</li>
</ul>


With 3 trading days left in the review period for the June rebalance, we see 8 potential changes and 2 close adds for the KOSDAQ 150 Index (KOSDQ150 INDEX). 
There are two potential transfers from the KOSDAQ Market to KOSPI Market that could lead to more changes in May and/or June.
Nearly all potential deletions are trading near their lows and short interest has been increasing on some of the stocks. That will be covered closer to implementation of the rebalance.


KOSDAQ150 Index Rebalance Preview: Adds Starting to Crack (After Huge Outperformance)

<ul>
<li>NICE I&amp;S will likely complete the transfer schedule in early May, meaning that an ad-hoc change may occur before the regular rebalancing of the KOSDAQ 150 in June.</li>
<li>If this gets completed before SK Oceanplant's transfer listing schedule, the top reserved issue in NICE's GICS sector (INDUSTRIALS) will be included. It is Sun Kwang (003100 KS).</li>
<li>As evidenced in the case of LX Semicon, we should set up a preemptive position for potential ADDITION at the time of the T or T-1 KRX corporate action announcement.</li>
</ul>


NICE I&amp;S will likely complete the transfer schedule in early May, meaning that an ad-hoc change may occur before the regular rebalancing of the KOSDAQ 150 in June.
If this gets completed before SK Oceanplant's transfer listing schedule, the top reserved issue in NICE's GICS sector (INDUSTRIALS) will be included. It is Sun Kwang (003100 KS).
As evidenced in the case of LX Semicon, we should set up a preemptive position for potential ADDITION at the time of the T or T-1 KRX corporate action announcement.


Target & Timing for Flow Trading Position Setup in NICE I&S KOSPI Transfer Event

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Nice Information Service Co / Event-Driven

<ul>
<li>In this insight, we discuss four companies that are likely to switch their listing from KOSDAQ to KOSPI in 2023/2024.</li>
<li>These four companies include Ecopro BM, Ecopro Co, BH Co, and Nice Information Service.</li>
<li>BH Co and Nice Information Service have included the agenda of transfer of the listing from KOSDAQ to KOSPI in their upcoming AGMs this month. </li>
</ul>


In this insight, we discuss four companies that are likely to switch their listing from KOSDAQ to KOSPI in 2023/2024.
These four companies include Ecopro BM, Ecopro Co, BH Co, and Nice Information Service.
BH Co and Nice Information Service have included the agenda of transfer of the listing from KOSDAQ to KOSPI in their upcoming AGMs this month. 


Four Companies Likely to Switch Their Listing from KOSDAQ to KOSPI in 2023/2024

South Korea

Nice Information Service Co., Ltd. provides professional expertise services, such as credit rating, debt collection, financial information, personal credit  information, and corporate credit analysis.  The Company also offers research,  consulting, and financial solution development services.

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Nice Information Service Co (030190 KS)

Early Preview of KOSDAQ 150 Ad-Hoc Change in July: Hydro Lithium Will Replace NICE IS

This post examines the possible ad-hoc change for KOSDAQ 150 in July, necessitated by NICE Information Service's KOSPI transfer listing.

Sanghyun Park

KOSDAQ150 Index Rebalance Preview: Adds Starting to Crack (After Huge Outperformance)

There could be 8 changes at the regular rebalance plus a couple of ad hoc changes. The potential adds ran up a lot and have started to head lower....

Brian Freitas

Target & Timing for Flow Trading Position Setup in NICE I&S KOSPI Transfer Event

This post offers a detailed guide about the target and timing of a flow trading position setup in NICE Information Service's KOSPI transfer listing...

Sanghyun Park

Four Companies Likely to Switch Their Listing from KOSDAQ to KOSPI in 2023/2024

In this insight, we discuss four companies including Nice Info Service, BH Co, Ecopro Co, and Ecopro BM that are likely to switch their listing...

Douglas Kim

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