Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

Samsung KODEX Semicon ETF / Equity Derivatives

<ul>
<li>
<a href="https://www.smartkarma.com/profiles/sanghyun-park" target="_blank" data-smartkarma-citation="accounts:354" rel="noopener">Sanghyun Park</a> posted recently about stocks added/removed to KRX Semis <a href="https://www.smartkarma.com/entities/samsung-kodex-semicon-etf" target="_blank" data-smartkarma-citation="entities:40966:1" rel="noopener">(091160 KS)</a> at September's rebalance, <strong>this insight will look at support zones to buy during the current correction and profit targets</strong>.</li>
<li>The ETF sits at price that offers a tactical LONG entry - this insight leverages our model data to evaluate if this is a good point to enter the trade.</li>
<li>Market sentiment on KODEX Semicon remains cautiously bullish with high tactical volatility, possibly an opportunity to buy at discounted price, with a long-term profit target view.</li>
</ul>



Sanghyun Park posted recently about stocks added/removed to KRX Semis (091160 KS) at September's rebalance, this insight will look at support zones to buy during the current correction and profit targets.
The ETF sits at price that offers a tactical LONG entry - this insight leverages our model data to evaluate if this is a good point to enter the trade.
Market sentiment on KODEX Semicon remains cautiously bullish with high tactical volatility, possibly an opportunity to buy at discounted price, with a long-term profit target view.


KODEX Semicon (091160 KS) Tactical Outlook After September Rebalance

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, 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

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a> (SKH), a leading global memory producer, aims to raise over US$10bn via an ADR listing.</li>
<li>SKH has confidentially filed for an ADR issuance which could see it potentially launch a raising in July 2026, as per media reports.</li>
<li>In this note, we look at its past performance and other deal dynamics that might impact the listing.</li>
</ul>



SK Hynix (000660 KS) (SKH), a leading global memory producer, aims to raise over US$10bn via an ADR listing.
SKH has confidentially filed for an ADR issuance which could see it potentially launch a raising in July 2026, as per media reports.
In this note, we look at its past performance and other deal dynamics that might impact the listing.


Aequitas: SK Hynix ADR Listing - Part 2 - The Quest for a US$1tn+ Valuation

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>Local ETF inflows have gone vertical, with semiconductor ETFs driving outsized passive impact. Their four underpinning indices now exceed KRW 15tr AUM, up 4x in just four months.</li>
<li>Main targets: ISC for April FnGuide Semis Top 10 and likely June AI Semis, plus three names for September KRX Semis. Front-running / long-basket flows may build ahead of rebalance.</li>
<li>Worth emphasizing: all are KOSDAQ names. With strong inflows into KOSDAQ blue-chips and potential government / state-backed flows, these could serve as a plus-alpha overlay on a broader KOSDAQ long.</li>
</ul>


Local ETF inflows have gone vertical, with semiconductor ETFs driving outsized passive impact. Their four underpinning indices now exceed KRW 15tr AUM, up 4x in just four months.
Main targets: ISC for April FnGuide Semis Top 10 and likely June AI Semis, plus three names for September KRX Semis. Front-running / long-basket flows may build ahead of rebalance.
Worth emphasizing: all are KOSDAQ names. With strong inflows into KOSDAQ blue-chips and potential government / state-backed flows, these could serve as a plus-alpha overlay on a broader KOSDAQ long.


Korean Semiconductor ETFs: Passive Flow Setup & Screening

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a> (SKH), a leading global memory producer, aims to raise up to US$30bn via an ADR listing.</li>
<li>SKH has now announced the details for its raising, which could see the ADR’s being listed next month.</li>
<li>We have looked at the past performance and other deal dynamics, in our previous note. In this note, we talk about the recent updates.</li>
</ul>



SK Hynix (000660 KS) (SKH), a leading global memory producer, aims to raise up to US$30bn via an ADR listing.
SKH has now announced the details for its raising, which could see the ADR’s being listed next month.
We have looked at the past performance and other deal dynamics, in our previous note. In this note, we talk about the recent updates.


Aequitas: SK Hynix ADR Listing - Now Looking to Raise up to US$30bn - Updates, Valuation, ADR Prem

Shinhan SOL Shipbuilding TOP3 Plus ETF / Event-Driven

Shinhan SOL Shipbuilding TOP3 Plus ETF (466920 KS)

<ul>
<li>New futures launched on KRX Semis, PLUS K-Defense, and SOL Shipbuilding ETFs — the first sector-focused ETFs over 1T KRW to get futures.</li>
<li>All three sectors dominate Korea’s market, already absorbing liquidity, and ETF futures could trigger delta-hedge arb flows, pushing liquidity even higher.</li>
<li>All three indices are top-heavy, so flows in big-weight names can create spot-futures dislocations and alpha on individual spreads—especially during early MM liquidity and aggressive basis plays.</li>
</ul>


New futures launched on KRX Semis, PLUS K-Defense, and SOL Shipbuilding ETFs — the first sector-focused ETFs over 1T KRW to get futures.
All three sectors dominate Korea’s market, already absorbing liquidity, and ETF futures could trigger delta-hedge arb flows, pushing liquidity even higher.
All three indices are top-heavy, so flows in big-weight names can create spot-futures dislocations and alpha on individual spreads—especially during early MM liquidity and aggressive basis plays.


Introducing Trading Opportunities from Newly Listed Top 3 Korea Sector ETF Futures

South Korea

Samsung KODEX Semicon ETF is an Exchange Traded Fund established in South Korea. The Fund's objective is to provide investment return that corresponds closely to the performance of the KRX Semicon Index.  The Fund invests in a portfolio that consists of the securities in the KRXSEMI Index with full replication in principle, or sampling method, when necessary.

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Samsung KODEX Semicon ETF (091160 KS)

KODEX Semicon (091160 KS) Tactical Outlook After September Rebalance

The KODEX Semicon ETF (091160 KS) presents a prime asymmetric buy-the-dip setup. Our model shows a nearly 70% reversal probability after a 2-week...

Nico Rosti

Aequitas: SK Hynix ADR Listing - Part 2 - The Quest for a US$1tn+ Valuation

SK Hynix (000660 KS) (SKH), a leading global memory producer, aims to raise over US$10bn via an ADR listing. In this note, we have a look at the...

Sumeet Singh

Korean Semiconductor ETFs: Passive Flow Setup & Screening

This post introduces the passive flow setup for this year, highlights key targets, and outlines the screening methodology for Korean Semiconductor...

Sanghyun Park

Aequitas: SK Hynix ADR Listing - Now Looking to Raise up to US$30bn - Updates, Valuation, ADR Prem

SK Hynix (000660 KS) (SKH), a leading global memory producer, aims to raise up to US$30bn via an ADR listing. In this note, we talk about the...

Sumeet Singh

Introducing Trading Opportunities from Newly Listed Top 3 Korea Sector ETF Futures

This post introduces key trading opportunities emerging from the newly listed top 3 sector ETF futures in Korea’s local market.

Sanghyun Park

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