Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cross Asset Strategy

<ul>
<li>This is the first weekly series on the "Top 20 Best Performers in KOSPI Adjusted for Trading Value &amp; Mkt Cap." </li>
<li>This Korean weekly is aimed at providing a better framework for spotting the big potential winners in the Korean stock market as well as changing sectoral and company trends.</li>
<li>These 20 stocks are up on average 13.9% from 28 April to 6 May, significantly outperforming KOSPI which is down 0.9% in the same period. </li>
</ul>


This is the first weekly series on the "Top 20 Best Performers in KOSPI Adjusted for Trading Value &amp; Mkt Cap." 
This Korean weekly is aimed at providing a better framework for spotting the big potential winners in the Korean stock market as well as changing sectoral and company trends.
These 20 stocks are up on average 13.9% from 28 April to 6 May, significantly outperforming KOSPI which is down 0.9% in the same period. 


Top 20 Best Performers in KOSPI (Week of 6 May)

Quantitative Analysis

<ul>
<li>In this insight, we provide the data analysis regarding most shorted stocks and short selling ratios for stocks in KOSPI. </li>
<li>Among these 20 most shorted stocks in KOSPI, the % changes in the short amount on a one week and one month basis were -0.2% and 6.4%, respectively.</li>
<li>Among these 20 most shorted stocks in KOSPI, three stocks with the biggest decline in shorts on a one month basis included Krafton, Kumho Petro Chemical, and Samsung Heavy Industries. </li>
</ul>


In this insight, we provide the data analysis regarding most shorted stocks and short selling ratios for stocks in KOSPI. 
Among these 20 most shorted stocks in KOSPI, the % changes in the short amount on a one week and one month basis were -0.2% and 6.4%, respectively.
Among these 20 most shorted stocks in KOSPI, three stocks with the biggest decline in shorts on a one month basis included Krafton, Kumho Petro Chemical, and Samsung Heavy Industries. 


Korea Short Selling Data Analysis: Celltrion, Amorepacific, Hotel Shilla, & Hanssem

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>As pre-announced a month ago, the total amount is approximately 500 billion won. The offering volume is 388M shares based on the preliminary price with a 20% discount rate.</li>
<li>K200 reflects the increase in the number of shares on the ex-date. As a result, ETFs/index funds must buy an increment on the day before the ex-date.</li>
<li>So, we can consider a long position setup aimed at this. Entry timing is 3-4 trading days from the ex-date.</li>
</ul>


As pre-announced a month ago, the total amount is approximately 500 billion won. The offering volume is 388M shares based on the preliminary price with a 20% discount rate.
K200 reflects the increase in the number of shares on the ex-date. As a result, ETFs/index funds must buy an increment on the day before the ex-date.
So, we can consider a long position setup aimed at this. Entry timing is 3-4 trading days from the ex-date.


Taihan Electric Wire Rights Offer: Ex-Date Play Aimed at K200 Passive Inflow

<ul>
<li>Taihan Electric Wire pre-announced a ₩500B rights offer. It seems that such a prior announcement of a rights offering has become a common practice in the local market.</li>
<li>This event offers suitable conditions for arb trading as Taihan Electric Wire is a member of KOSPI 200, making itself eligible for short-selling.</li>
<li>So we may set up our trading approach from two perspectives.</li>
</ul>


Taihan Electric Wire pre-announced a ₩500B rights offer. It seems that such a prior announcement of a rights offering has become a common practice in the local market.
This event offers suitable conditions for arb trading as Taihan Electric Wire is a member of KOSPI 200, making itself eligible for short-selling.
So we may set up our trading approach from two perspectives.


Taihan Electric Wire: Rights Offer Pre-Announcement Arb Event

<p>We now have KOSPI 200 and KOSDAQ 150 rebalancing completed. What does this mean? It means we have new members of the so-called Korea Short 350 as these new additions are now eligible for short selling.</p><p>So, let's look at their current loan balance, often serving as a leading indicator of short-selling intensity in the short term.</p>

We now have KOSPI 200 and KOSDAQ 150 rebalancing completed. What does this mean? It means we have new members of the so-called Korea Short 350 as these new additions are now eligible for short selling.So, let's look at their current loan balance, often serving as a leading indicator of short-selling intensity in the short term.

Korea Short 350 New Members: KOSPI 200 & KOSDAQ 150 Adds

South Korea

Taihan Electric Wire Co., Ltd. manufactures a wide range of cables and wires, such as power, communications, copper rod, and enameled cables and wires.  The Company also produces stainless steel sheets and aluminum products including coils, sheets, and plates.  In addition, Taihan Electric offers information and communications equipment, such as optical transmission and network systems.

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Taihan Electric Wire (001440 KS)

Top 20 Best Performers in KOSPI (Week of 6 May)

This is the first weekly series on the "Top 20 Best Performers in KOSPI." This is aimed at providing a better framework for spotting the big...

Douglas Kim

Korea Short Selling Data Analysis: Celltrion, Amorepacific, Hotel Shilla, & Hanssem

Among these 20 most shorted stocks in KOSPI, the % changes in the short amount on a one week and one month basis were -0.2% and 6.4%, respectively.

Douglas Kim

Taihan Electric Wire Rights Offer: Ex-Date Play Aimed at K200 Passive Inflow

This post details Taihan Electric Wire's rights offer and discusses the trade angle based on the previous event (Samsung Heavy Industries).

Sanghyun Park

Taihan Electric Wire: Rights Offer Pre-Announcement Arb Event

Taihan Electric Wire pre-announced a ₩500B rights offer, which offers suitable conditions for arb trading as it is eligible for short-selling. We...

Sanghyun Park

Korea Short 350 New Members: KOSPI 200 & KOSDAQ 150 Adds

We now have new members of the so-called Korea Short 350 for short-selling eligibility. They are new additions to KOSPI 200 and KOSDAQ 150. This...

Sanghyun Park

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52-week Range

Market Cap (USDm)

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