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 foreign holdings of KRX stocks as of May 8th. The aggregated holding was USD1,577.8bn.</li>
<li>We estimate that foreign flows to be inflows of USD196mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in Samsung Electronics, Samsung Elec (PREF), SKSQUARE, SK Hynix, LS ELECTRIC.</li>
</ul>


We analyzed the changes in foreign holdings of KRX stocks as of May 8th. The aggregated holding was USD1,577.8bn.
We estimate that foreign flows to be inflows of USD196mln. We tabulate the league table for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in Samsung Electronics, Samsung Elec (PREF), SKSQUARE, SK Hynix, LS ELECTRIC.


KRX Foreign Holding Weekly (May 8th): Samsung Electronics, Samsung Elec (PREF), SKSQUARE, SK Hynix

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

<div class="content-highlight">
<p>With 2017 nearly over, we look forward to the major IPOs in Korea in 2018. This is our <em>"Third Annual Edition of the Major IPOs Pipeline Preview"</em> already at Smartkarma! In this report, we have identified 33 companies that are expected to complete their IPOs in the Korean Stock Market in 2018. </p>
<p>2018 (<em>"Year of the Dog"</em>) appears to be an exciting year for IPOs in Korea. Among the IPOs next year that we think that the following ten companies could experience strong attention among institutional…</p>
</div>


With 2017 nearly over, we look forward to the major IPOs in Korea in 2018. This is our "Third Annual Edition of the Major IPOs Pipeline Preview" already at Smartkarma! In this report, we have identified 33 companies that are expected to complete their IPOs in the Korean Stock Market in 2018. 
2018 ("Year of the Dog") appears to be an exciting year for IPOs in Korea. Among the IPOs next year that we think that the following ten companies could experience strong attention among institutional…


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>Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018.  Elsewhere, Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness.  </p><p>Today’s report includes a complete summary of our EM views as well as a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.</p>

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018.  Elsewhere, Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness.  Today’s report includes a complete summary of our EM views as well as a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

EM Outlook: Bullish, Led by BRIC and Asia

<h2>JAPAN</h2><p><strong>NTT DOCOMO</strong> - Travis Lundy writes about this company in his note, <a href="https://www.smartkarma.com/insights/ntt-docomo-tender-offer-buyback-event" target="_blank" data-smartkarma-citation="insights:16046">NTT Docomo : Tender Offer Buyback Event</a>. Travis says that he would want to be long NTT Docomo and short NTT for a "drift trade" over the next 3 months. There will be buying support on NTT Docomo whereas the NTT buyback pressure putting a cushion under the stock price is likely done for now. The structure of the buyback also suggests that Docomo would buy back some 10-15% of ADV between mid-January and late March to complete…</p>

JAPANNTT DOCOMO - Travis Lundy writes about this company in his note, NTT Docomo : Tender Offer Buyback Event. Travis says that he would want to be long NTT Docomo and short NTT for a "drift trade" over the next 3 months. There will be buying support on NTT Docomo whereas the NTT buyback pressure putting a cushion under the stock price is likely done for now. The structure of the buyback also suggests that Docomo would buy back some 10-15% of ADV between mid-January and late March to complete…

The Week That Was in NorthAsia@Smartkarma: 5G, Xi-Moon Meeting, & Independent Research

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of May 1st. The aggregated short interest was USD18.4bn.</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 LS ELECTRIC, SK Hynix, LG Electronics, LEENO, DWEC.</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of May 1st. The aggregated short interest was USD18.4bn.
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 LS ELECTRIC, SK Hynix, LG Electronics, LEENO, DWEC.


KRX Short Interest Weekly (April 30th): LS ELECTRIC, SK Hynix, LG Electronics, LEENO, DWEC

South Korea

SK Innovation Co., Ltd. refines, markets, and distributes oil.  The Company produces a variety of petroleum products, such as gasoline, kerosene, liquefied petroleumgas (LPG), and diesel oil.  SK Energy also manufactures petrochemical p roducts, including paraxylene, synthetic resins, styrene monomer, and ethylene.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

SK Innovation (096770 KS)

KRX Foreign Holding Weekly (May 8th): Samsung Electronics, Samsung Elec (PREF), SKSQUARE, SK Hynix

We analyzed KRX foreign holding data for the past week and highlighted foreign holding changes in Samsung Electronics, Samsung Elec (PREF),...

Ke Yan, CFA, FRM

2018 Major IPOs Pipeline in Korea

With 2017 nearly over, we look forward to the major IPOs in Korea in 2018. This is our "Third Annual Edition of the Major IPOs Pipeline Preview"...

Douglas Kim

EM Outlook: Bullish, Led by BRIC and Asia

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs....

Vermilion Research

The Week That Was in NorthAsia@Smartkarma: 5G, Xi-Moon Meeting, & Independent Research

JAPANNTT DOCOMO - Travis Lundy writes about this company in his note, NTT Docomo : Tender Offer Buyback Event. Travis says that he would want to be...

Douglas Kim

KRX Short Interest Weekly (April 30th): LS ELECTRIC, SK Hynix, LG Electronics, LEENO, DWEC

We analyzed KRX short interest report for the past week and highlighted short interest changes in LS ELECTRIC, SK Hynix, LG Electronics, LEENO, DWEC.

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)