Smartkarma Daily Briefs

• Today’s press release unveils details on new flow trading events in Korea’s local market from the second half of this year, highlighting two key points.
• Firstly, the disclosure rule starts with block deals from August 23rd. Secondly, a 30% or greater stock price correction on disclosure day may cancel the transaction plan.
• This highlights the need to consider cancellation risks in pre-disclosure positions and design setups with consideration for the potential for reverse flows as stock prices approach 30% corrections.

• Before we dive into this Monday’s edition of Crypto Crisp, we want to announce a format change.
• Starting today, the ‘Charting Crypto’ section will only feature the most intriguing charts we have discovered over the past week.
• Instead of showcasing four to five recurring charts that may not always be interesting, we will focus solely on the most noteworthy ones.

• HDFC Bank is the largest private sector bank in India known for its strong track record of compounding book value and EPS
• The recent merger with Housing Development Finance Company initially received positive market reaction but has since caused a decline in HDFC Bank’s stock price
• Despite the stock underperformance, the merger offers potential cross-selling opportunities and a bright future for HDFC Bank

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Secondary placement taking place, ~29million share on offer via accelerated bookbuild, for total offer size of ~USD100 million 
• Discount of 0-2.4% relative to market close 9 July, discount depends on demand
• Free float will increase by 0.5% to 8.4%, which is low but typical for Vietnamese government linked (GLC) stocks 

• As of end of H1, NAV was SEK 156 billion (SEK 361/share). NAV increased by 4%, gains in portfolio compensated by leverage increase. 5-y total return of 78.6% (OMX30, 76.4%).
• Industrivärden C shares are trading at a 4.8% discount to NAV (vs. 8.3% average for last 5-years). It seems risky to bet on a further discount reduction, rather a reversal.
• My target NAV is SEK 176,893 million. My TP for the C shares of Industrivärden, assuming a 5% discount to NAV, is SEK 360.3 (4.6% upside).

• BTC hits multi-month range lows amid heavy liquidations and bearish market structure.
• Altcoins experience significant losses, with many sectors down 20%-50% in recent weeks.
• ETH and SOL spot ETFs signal growing institutional interest despite current market struggles.

• OMH expects 1H24 revenue increased >110% y/y.
• OMH views its technology & data as competitive advantages & cites recently launched HomerAI & Property Mgmt.
• unit as key factors behind expected growth.

• SSIC stock recommended by Dakota at $8.85, now up by $1.00 with $1.58 cash distributions
• Recent corporate transaction with REFI expected to benefit SSIC stockholders
• SSIC is a BDC founded by Wall Street veterans, with strong balance sheet, no debt, and management owning significant portion of shares

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.