In today’s briefing:
- KRX Confirms 20% Samsung and Hynix Caps for Thursday’s Semis Rebalance
- WEEKLY Tactical Recap: Samsung Electronics, CATL, Tokyo Electron, Advantest Corp, Bank of China, BYD
- Aequitas: Elice IPO Pricing – Might Be Popular with Retail Investors
KRX Confirms 20% Samsung and Hynix Caps for Thursday’s Semis Rebalance
- KRX confirmed the 20% Samsung and Hynix caps for Thursday. Hynix alone implies KRW 1.2tn of sell flow, with KODEX expected to fully replicate.
- While TIGER remains uncertain due to replication issues and lack of desk confirmation, it represents only 20% of AUM. Expecting at least 90% total AUM movement for Thursday remains realistic.
- For passive impact, Friday’s combined KRX/NXT DTV is likely the best proxy, given recent volume volatility and improving semiconductor liquidity.
WEEKLY Tactical Recap: Samsung Electronics, CATL, Tokyo Electron, Advantest Corp, Bank of China, BYD
- WEEKLY tactical global macro recap/analysis for several markets and stocks we track, grouped by sector.
- We apply our quantitative models to each instrument’s trend, to determine which stocks/markets are just starting a trend, are in the middle of it, or are about to end it.
- Most overbought: META, Bank of China, USO/Oil, China Construction Bank, Mitsubishi UFJ Financial. Most oversold: NeatEase Cloud Music, CATL, Samsung Electronics, Gold, Shin Etsu Chemical
Aequitas: Elice IPO Pricing – Might Be Popular with Retail Investors
- Elice Group (ELICE KS) is looking to raise up to US$145m in its upcoming Korean IPO.
- It recently transitioned to being a neocloud in South Korea.
- In this note, we examine the IPO dynamics, and look at the firm’s valuation.
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