All Posts By

Smartkarma Daily Briefs

Dec 07
0

Daily Brief Quantitative Analysis: Hong Kong Buybacks Weekly (Dec 6th): Tencent and more

By | Daily Briefs, Quantitative Analysis

In today’s briefing:

  • Hong Kong Buybacks Weekly (Dec 6th): Tencent, AIA, Kuaishou Technology

Hong Kong Buybacks Weekly (Dec 6th): Tencent, AIA, Kuaishou Technology

By Ke Yan, CFA, FRM

  • We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Dec 6th based on HKEx daily reports.
  • In the past 7 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), Kuaishou Technology (1024 HK).
  • In the past 30 days, the top 3 companies that repurchased the most shares from the market were Tencent (700 HK), AIA (1299 HK), Cosco Shipping (1919 HK).

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief ECM: A Review of Our IPO Research in 2024 and more

By | Daily Briefs, ECM

In today’s briefing:

  • A Review of Our IPO Research in 2024

A Review of Our IPO Research in 2024

By Douglas Kim

  • This has been a difficult year for the global IPO market including in Korea. In this insight, we review our IPO research in 2024.
  • Using the criteria that the Aequitas Research uses (see below), the accuracy rate of our calls on the IPOs this year was 86%. 
  • There some sizeable IPOs that are expected to be completed in Korea in 2025 including LG CNS, Sono International, K Bank, and Bithumb.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief Thematic (Sector/Industry): Japan Weekly | Nikkei Surges 2.3% and more

By | Daily Briefs, Thematic (Sector/Industry)

In today’s briefing:

  • Japan Weekly | Nikkei Surges 2.3%
  • Chinese Chip Firms Play Down Impact of New U.S. Export Curbs
  • The Ides of March in December
  • AUCTUS ON FRIDAY – 06/12/2024
  • WTR Small-Cap Spotlight Recap – Biopharma Trends for 2025

Japan Weekly | Nikkei Surges 2.3%

By Mark Chadwick

  • Topix added 1.7%, driven by speculation that the Government Pension Investment Fund (GPIF) will increase its investment ratio in Japanese stocks
  • Retail stocks notable performers this week as the TSE’s retail sector hit a year-to-date high, surging 21% since January
  • Notable performers this week included Fujikura on street upgrades, Ito-en after announcing a new marketing campaign, and Ebara’s gaining recognition as a laggard

Chinese Chip Firms Play Down Impact of New U.S. Export Curbs

By Caixin Global

  • Several companies in China’s semiconductor supply chain said new U.S. export restrictions aimed at crippling the country’s ability to produce advanced chips would have limited impact on their operations.
  • The U.S. Department of Commerce on Monday added 140 companies, including 136 Chinese firms, to its Entity List, effectively banning them from accessing U.S. advanced chip and AI-related technology.
  • The new rules also restrict exports of high-bandwidth memory, a core component for AI development.

The Ides of March in December

By Ken S. Kim

  • Why the 6 hour martial law in Korea was called by President Yoon
  • The negative impact of the President’s decision is one of many reasons for Korea to underperform into 1h25
  • Corp Value Up plays are still attractive; for those looking to short, you might have to wait longer

AUCTUS ON FRIDAY – 06/12/2024

By Auctus Advisors

  • AUCTUS PUBLICATIONS ________________________________________ Chariot (CHAR LN)C; Target price of £0.08 per share: US$100 mm guarantees highlight the value of the South Africa energy trading business – British International Investment (BII) and GuarantCo have announced a US$100 mm guarantee finance facility for Etana Energy, the South African electricity trading platform which is owned and was co-founded by Chariot (49%) and H1 Holdings (51%).
  • Etana is one of the few companies holding an electricity trading licence in South Africa that can buy and sell electricity through the grid.
  • Etana is therefore a required counterparty to power producers.

WTR Small-Cap Spotlight Recap – Biopharma Trends for 2025

By Water Tower Research

  • Political and regulatory uncertainty to start 2025. The pending health leadership in government will likely be the overarching theme for at least the first half of 2025.
  • We have seen controversial Trump picks for the HHS, CMS, CDC, and NIH, bringing investor concerns over regulatory disruption and vaccine skepticism.
  • The FDA pick was closer to a more traditional choice and could maintain current regulatory standards.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief Credit: Lucror Analytics – Morning Views Asia and more

By | Credit, Daily Briefs

In today’s briefing:

  • Lucror Analytics – Morning Views Asia

Lucror Analytics – Morning Views Asia

By Trung Nguyen

  • In today’s Morning Views publication we comment on developments of the following high yield issuers: Delta Dunia Makmur, Gajah Tunggal
  • In the US, the trade deficit narrowed to USD 73.8 bn in October (USD 75.0 bn e / USD 83.8 bn revised). Imports fell 4% to USD 339.6 bn, while exports declined 1.6% to USD 265.7 bn.
  • Separately, initial jobless claims for the week ended November 30th rose to 224 k (215 k e / 215 k revised p). The focus today is on the November nonfarm payrolls report.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief Crypto: The Best of Hedgeye: Michael Saylor On Bitcoin – The Long-Term Bull Case and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The Best of Hedgeye: Michael Saylor On Bitcoin – The Long-Term Bull Case

The Best of Hedgeye: Michael Saylor On Bitcoin – The Long-Term Bull Case

By Real Conversations

  • Michael discusses the journey from being a non-believer in bitcoin to a strong advocate and investor in the asset class
  • He compares his investment strategy in bitcoin to Warren Buffet’s investment in Apple, emphasizing the importance of owning and holding onto assets
  • Michael explains his belief that there are three ways to make money: making something, trading something, or owning something, and highlights his focus on owning and holding assets as a key to success.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief Equity Bottom-Up: Intel: A Graphic Novel Of A Train Wreck and more

By | Daily Briefs, Equity Bottom-Up

In today’s briefing:

  • Intel: A Graphic Novel Of A Train Wreck
  • BYD (1211 HK): Quick Note – Preparing for Price War in 2025
  • The Death of Intel: When Boards Fail
  • Mr DIY Indonesia IPO – Prefer Aspirasi Hidup Indonesia (ACES IJ)
  • Malaysian Banks Screen; RHB Bank Upgraded to a Buy, Alongside Existing Buy on CIMB
  • Tech Supply Chain Tracker (07-Dec-2024): Apple Intelligence targets China despite Baidu challenges
  • Tesla Shortens Supplier Payment Terms to 90 Days Through Cost-Saving Innovations
  • What’s New(s) in Amsterdam – 6 December (Shell | InPost | BAM Group | Black Friday update)
  • ADX Energy (ASX: ADX): Reflections on Welchau
  • Medical Data Vision Co., Ltd (4971 JP): Research Update

Intel: A Graphic Novel Of A Train Wreck

By Nicolas Baratte

  • Steady loss of market share to AMD in x86 PC and Server. Single design win for the GPU Max, overall no AI or Accelerator roadmap.  
  • Steady deterioration of the financials. Collapse in NON-GAAP Operating Profits, leading to negative Free Cash Flow, leading to increasing Net Debt. 
  • Most damaging, IMO was during 3Q24 conference call (1st Nov 2024) when the CFO David Zinsner said: don’t expect a recovery before 2026. CEO Gelsinger was gone 1 month later. 

BYD (1211 HK): Quick Note – Preparing for Price War in 2025

By Ming Lu

  • BYD’ deliveries continued to grow strongly by 68% in November.
  • BYD required its suppliers to reduce prices by 10% for 2025.
  • We believe BYD will continue the price war in 2025.

The Death of Intel: When Boards Fail

By Douglas O’Laughlin

  • If you haven’t heard the news, Pat Gelsinger is “retiring.” The reality is this was not a retirement but a firing of Pat.
  • His brief stint of 1386 days was surprising because not only was he the most technically competent CEO of the last few bad apples at Intel, but he was also among the shortest.
  • Pat has by no means been perfect, and the conference at UBS kind of showed the frustrations that the board likely had with Pat.

Mr DIY Indonesia IPO – Prefer Aspirasi Hidup Indonesia (ACES IJ)

By Angus Mackintosh

  • Home improvements player PT Daya Intiguna Yasa (Mr DIY Indonesia) completed the book building for its IPO this week for its Jakarta listing where it seeks to raise US$296m. 
  • Mr DIY  has seen a rapid rollout of outlets with over 900 stores across Indonesia and SSSG over the last two years of 30%-40% and the company is already profitable. 
  • Mr DIY  has a 25% market share of the home improvements segment focusing on the mass market with affordable products. Prefer Aspirasi Hidup Indonesia as a proxy for this space.

Malaysian Banks Screen; RHB Bank Upgraded to a Buy, Alongside Existing Buy on CIMB

By Victor Galliano

  • RHB Bank is our Malaysian bank top pick, with its real turnaround potential for returns; CIMB remains a buy but is less compelling than RHB given its marked re-rating year-to-date
  • Our new buy RHB Bank is stand-out value versus its Malaysian peers and it is improving returns from low levels; its main delinquency challenges are concentrated in small overseas portfolios
  • We reiterate our buy on CIMB; management continues to drive credit quality with cost of risk improvements, and we see potential for operating efficiency gains, combined with its attractive valuations

Tech Supply Chain Tracker (07-Dec-2024): Apple Intelligence targets China despite Baidu challenges

By Tech Supply Chain Tracker

  • Apple’s Intelligence service is working towards a launch in China, but is facing challenges with integrating Baidu.
  • NXP may be investing a significant amount of money in Karnataka, India.
  • Intel’s interim leadership team is bringing together new ideas and industry experience for a promising future, while South Korea and Japan work to mitigate US export controls on HBM.

Tesla Shortens Supplier Payment Terms to 90 Days Through Cost-Saving Innovations

By Caixin Global

  • Tesla has shortened its supplier payment cycle to about 90 days in 2024, continuing to outpace rivals in financial efficiency and supplier relations.
  • Tesla’s Shanghai factory, where 95% of parts are sourced locally, reflects the company’s deep integration with China’s supply chain.
  • The move highlights Tesla’s unique approach to balancing cost-cutting and supplier support in an industry under strain from intense competition, price wars and shifting dynamics between automakers and parts providers.

What’s New(s) in Amsterdam – 6 December (Shell | InPost | BAM Group | Black Friday update)

By The IDEA!

  • In this edition: • Shell | gas joint venture with Equinor in the UK • InPost | Yodel hit by festive capacity crisis • BAM Group | awarded contracts for HS2 in the UK • Black Friday update | Cyber Monday was the busiest day for the parcel logistics providers

ADX Energy (ASX: ADX): Reflections on Welchau

By Auctus Advisors

  • • Three intervals in the Reifling formation (1324 m – 1340 m, 1346 m – 1351 m and 1358 m -1382 m MD) were perforated but only limited inflow was determined.
  • No fluid could reach the surface after the well was shut in.
  • • Sampling of the well indicated only completion brine (not reservoir fluid) and fine solid particles of unknown origin.

Medical Data Vision Co., Ltd (4971 JP): Research Update

By Nippon Investment Bespoke Research UK

  • MDV revised down its full-year FY24 guidance (discussed in more details on p.5) given the Q3 result [Q1~Q3 gross profit [GP] of ¥3,055mil (-12.8% YoY), operating loss of -¥140mil (vs FY23 Q3 OP of ¥1,111mil) on sales of ¥4,125mil (-8.1% YoY)], due to (1) the delay to the onboarding of the firm’s cloud-based health check system solution Alpha Salus as the debugging process continued through to September, and (2) a delay in mobilising potential users of the new content (no-contact vital sensing for cats) for MDV’s personal health management app Karteco, as the planned large-scale advertising campaign was pushed back following a delay in the launch of the content.
  • The firm is guiding for FY24 annual dividend of ¥6.5/share (unchanged from FY23) and generates a dividend pay-out ratio of 138.0% based on the revised FY24 EPS forecast of ¥4.71.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief Event-Driven: Cromwell Prop (CMW AU): ESR Exit Post-Privatization? and more

By | Daily Briefs, Event-Driven

In today’s briefing:

  • Cromwell Prop (CMW AU): ESR Exit Post-Privatization?
  • Mitsubishi Logisnext (7105) – The Next Target in Logistics Space?
  • Quiddity TDIV/50/100 Dec 24 Results: 100% Hit Rate; 20x+ ADV for Many Names; US$2.3bn One-Way
  • Rio lights up the junior copper market
  • Flow Trading Setup Triggered by Korea Zinc’s 21%p Float Rate Cut in KOSPI 200
  • JSE Dec 2024 Rebal: OUT to Enter Top 40, NPH to Fall Out / NPN PRX 1H Results: Discounts Catch Bid
  • EQD | The KOSPI 200 Forecast (After The Attempted Coup)

Cromwell Prop (CMW AU): ESR Exit Post-Privatization?

By David Blennerhassett

Mitsubishi Logisnext (7105) – The Next Target in Logistics Space?

By Travis Lundy

  • A Nikkei article this morning several hours pre-open said that Mitsubishi Heavy Industries (7011 JP) was preparing to sell its listed forklift subsidiary Mitsubishi Logisnext Co., Ltd. (7105 JP). 
  • The story says “Investors had been pressuring Mitsubishi Heavy to spin off or delist Logisnext” and we know the TSE dislikes dual listings. I would have expected a buy-in but…
  • There are a number of reasons why a buyer could find this asset attractive. I suggest reading all the way through and the tone of the Conclusions.

Quiddity TDIV/50/100 Dec 24 Results: 100% Hit Rate; 20x+ ADV for Many Names; US$2.3bn One-Way

By Janaghan Jeyakumar, CFA

  • The index changes for the T50/100 index family and the TDIV index were confirmed after market close on Friday 6th December 2024.
  • There will be one ADD/DEL for T50, five ADDs/DELs for T100, and 8 ADDs/7 DELs for TDIV. All of these are perfectly in line with our final expectations. 
  • In this insight, we take a look at Quiddity’s final flow expectations for the December 2024 index rebal event and potential trade ideas based on the flow dynamics.

Rio lights up the junior copper market

By Money of Mine

  • Rio Tinto sold 30% of its Winu project to Sumitomo for $400 million, surprising many with the valuation
  • Expecting a PFS in 2025 for a 10 million tonne per annum scenario for the Winu project
  • The partnership with Sumitomo signifies the rise of Japan and South Korea in the mining industry and may benefit Rio Tinto in terms of capital allocation and project development.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Flow Trading Setup Triggered by Korea Zinc’s 21%p Float Rate Cut in KOSPI 200

By Sanghyun Park

  • Korea Zinc’s free float is dropping from 52% to 31%, a 21%p cut.
  • Despite rising volume, retail still dominates. With this trend continuing, the 80,000-share sell volume is unlikely to get buried without triggering noticeable price moves.
  • Ahead of big one-day flow events, shorts are loaded, causing a dip. On rebalance day, traders buy back, triggering a bounce. This event is likely to follow the same pattern.

JSE Dec 2024 Rebal: OUT to Enter Top 40, NPH to Fall Out / NPN PRX 1H Results: Discounts Catch Bid

By Charlotte van Tiddens, CFA

  • On Wednesday, after the close, the JSE released index changes scheduled for the December rebalance (Friday, 20 Dec).
  • OUT will enter the Top 40, with NPH falling out. AMS will enter the RESI 10 and EXX will fall out.
  • Naspers and Prosus released 1H results on Monday. The discounts have narrowed through the last 3 trading days, Naspers and Prosus are up 6% and 3.1%, respectively.

EQD | The KOSPI 200 Forecast (After The Attempted Coup)

By Nico Rosti

  • Our previously posted view on an upcoming KOSPI 200‘s rally has not been changed by the attempted political coup. The market pulled back a bit, no big deal.
  • The index is in the process of bottoming, as we will see from the analysis of our QUANTCHARTS / models.
  • Even if the index suddenly crashes, we have identified an area for support in that event (keep reading).

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief Macro: Positioning Watch – Markets have NOT been Ready for Growth to Weaken in the US and more

By | Daily Briefs, Macro

In today’s briefing:

  • Positioning Watch – Markets have NOT been Ready for Growth to Weaken in the US
  • What Is the Real Purpose of President Yoon’s Martial Law – To Reveal Election Fraud?
  • Technically Speaking, Breakouts and Breakdowns: HONG KONG (DECEMBER 5)
  • Balancing The Scales: EUDR’s Evolving Impact On The Rubber Market
  • OPEC+ Extending Output Cuts Highlights Concerns of Weak Demand and Ample Supply
  • India: RBI Extends Rate Policy Error Despite Slow Growth and Prospect of Low Inflation
  • HEW: Politics Doesn’t Derail Policy Rate
  • CX Daily: Why China’s Piecemeal Child Subsidy Policy Failed to Deliver

Positioning Watch – Markets have NOT been Ready for Growth to Weaken in the US

By Andreas Steno

  • Happy Thursday, and welcome to our weekly positioning watch, brought to you just before the crucial NFP report tomorrow.
  • From what we see across markets, it looks like participants are starting to take risk off the table in equity space ahead of the report.
  • Markets have struggled this week to settle on a clear narrative for USD assets, especially USD rates.

What Is the Real Purpose of President Yoon’s Martial Law – To Reveal Election Fraud?

By Douglas Kim

  • One of the most important questions about the martial law three days ago is why did President Yoon send special forces (297) to the National Election Commission?
  • President Yoon may have ordered troops to be deployed to the NEC to get to the bottom of the election fraud since all the important election servers are stored there.
  • It is EXTREMELY DIFFICULT to prove an election fraud. Even if President Yoon declares a war on election frauds, he must have extraordinary pieces of data to back this up.

Technically Speaking, Breakouts and Breakdowns: HONG KONG (DECEMBER 5)

By David Mudd

  • During Hong Kong’s market correction during November, we noticed that the Put/Call spread stayed below 1 and the skew moved to its lowest level in 3 years both bullish signals.
  • Yum China Holdings (9987 HK) share price had a golden cross breakout on December 3, as the casual dining sector in China shows growth going into next year.
  • MINISO Group Holding (9896 HK) had a breakout from a falling wedge pattern relative to MXEF.  The gap up in the share price and momentum signals confirms the uptrend.

Balancing The Scales: EUDR’s Evolving Impact On The Rubber Market

By Vinod Nedumudy

  • FAQ and guidance documents bring clarity
  • Synthetic rubber out of the purview of EUDR
  • Allows for rubber suppliers in countries like Vietnam and Indonesia to catch up

OPEC+ Extending Output Cuts Highlights Concerns of Weak Demand and Ample Supply

By Suhas Reddy

  • OPEC+ extends crude oil supply cuts to the end of 2026, a year longer than planned. It also pushed its planned output hikes by three months to April 2025.
  • OPEC+ revised its output hike plan, reducing monthly increases to 138k bpd over 18 months, down from 180k bpd over 12 months.
  • OPEC+ approved a 300k bpd output increase for the UAE, starting in April 2025 through September 2026, delayed from the original January 2025 start.

India: RBI Extends Rate Policy Error Despite Slow Growth and Prospect of Low Inflation

By Prasenjit K. Basu

  • Despite core inflation being below its (headline) inflation target of 4% since Dec’23, the RBI has rigidly failed to cut its policy rate, thus constraining RGDP (& EPS) growth. 
  • Vegetable inflation (6% of CPI) has indeed surged, but monetary policy can do little to influence that. Vegetable and cereal inflation are likely to moderate sharply now, after strong harvest. 
  • We thus expect 75bp of rate cuts in Feb-Jun’25. Near-term RGDP growth will disappoint (7.5% in H2FY25, driven by rebounding government spending), but a rate-driven recovery will occur in H1FY26. 

HEW: Politics Doesn’t Derail Policy Rate

By Phil Rush

  • The rebound in US payrolls resulted in a disappointing increase in the unemployment rate, leading to the possibility of another 25bp rate cut. Meanwhile, upward revisions to UK employment and unit labour costs are pushing the BoE to maintain the current rates.
  • Uncertainty regarding the upcoming ECB decision has lessened, primarily due to the lack of support for a 50bp expectation. The current data does not justify such a move.
  • Other economic announcements are expected from Australia, Canada, Switzerland, Brazil, and Peru.

CX Daily: Why China’s Piecemeal Child Subsidy Policy Failed to Deliver

By Caixin Global

  • Birth / In Depth: Why China’s piecemeal child subsidy policy failed to deliver
  • Index /: China’s new economy industries gain on record tech, capital inputs, Caixin index shows
  • Meat /: Australia’s red meat exports to China fully resume as Beijing lifts ban on final two companies

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief South Korea: Korea Zinc, Hyundai Motor India , Korea Stock Exchange KOSPI 200 and more

By | Daily Briefs, South Korea

In today’s briefing:

  • Flow Trading Setup Triggered by Korea Zinc’s 21%p Float Rate Cut in KOSPI 200
  • A Review of Our IPO Research in 2024
  • EQD | The KOSPI 200 Forecast (After The Attempted Coup)

Flow Trading Setup Triggered by Korea Zinc’s 21%p Float Rate Cut in KOSPI 200

By Sanghyun Park

  • Korea Zinc’s free float is dropping from 52% to 31%, a 21%p cut.
  • Despite rising volume, retail still dominates. With this trend continuing, the 80,000-share sell volume is unlikely to get buried without triggering noticeable price moves.
  • Ahead of big one-day flow events, shorts are loaded, causing a dip. On rebalance day, traders buy back, triggering a bounce. This event is likely to follow the same pattern.

A Review of Our IPO Research in 2024

By Douglas Kim

  • This has been a difficult year for the global IPO market including in Korea. In this insight, we review our IPO research in 2024.
  • Using the criteria that the Aequitas Research uses (see below), the accuracy rate of our calls on the IPOs this year was 86%. 
  • There some sizeable IPOs that are expected to be completed in Korea in 2025 including LG CNS, Sono International, K Bank, and Bithumb.

EQD | The KOSPI 200 Forecast (After The Attempted Coup)

By Nico Rosti

  • Our previously posted view on an upcoming KOSPI 200‘s rally has not been changed by the attempted political coup. The market pulled back a bit, no big deal.
  • The index is in the process of bottoming, as we will see from the analysis of our QUANTCHARTS / models.
  • Even if the index suddenly crashes, we have identified an area for support in that event (keep reading).

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free


Dec 07
0

Daily Brief Singapore: SGX Rubber Future TSR20 and more

By | Daily Briefs, Singapore

In today’s briefing:

  • Balancing The Scales: EUDR’s Evolving Impact On The Rubber Market

Balancing The Scales: EUDR’s Evolving Impact On The Rubber Market

By Vinod Nedumudy

  • FAQ and guidance documents bring clarity
  • Synthetic rubber out of the purview of EUDR
  • Allows for rubber suppliers in countries like Vietnam and Indonesia to catch up

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars
Sign Up for Free