Daily Briefs

• Short-Term, pinpointing exact tickers off this NPS/cumulative voting narrative is tough—activism risk is real, but predicting moves in governance-sensitive names is still premature.
• NPS may go aggressive, potentially sparking a market-wide narrative. If limited activism unwinds, Korean stocks could see a broad re-rate, beyond just individual governance names.
• Tactically, consider enhanced setups in these names under a passive framework, while closely monitoring governance developments and NPS-driven activism for actionable alpha in individual tickers.

• The AFR reports that Caterpillar Inc (CAT US) and four other bidders are considering a privatisation bid for RPMGlobal Holdings Limited (RUL AU) at around A$5.00 per share.
• In response to the article, RPM entered a trading halt the same day regarding “an indicative proposal from a third party regarding a potential acquisition.”  
• RPM’s shareholder structure facilitates an offer. The rumoured offer is reasonable but is far from a knockout bid, suggesting the potential of a bidding war.  

• In this insight, we provide the top 10 stock picks and key catalysts in the Korean stock market for the two weeks (29 August to 12 September 2025).
• Shipbuilding remained the best performing sector in the past two weeks. Rechargeable battery was the worst performing sector. 
• Top 10 picks in this bi-weekly include KCC Corp, KT&G, LG Uplus, Samsung Life Insurance, Paradise, Nongshim, LG Chem, HD Hyundai Mipo, SK Inc, and CJ Corp. 

• Schibsted/Vend Marketplaces (VENDB NO) is the highest ranked non-constituent. However, its addition is uncertain due to share class liquidity.
• The main forecasted additions are Zegona Communications (ZEG LN) and Nordex SE (NDX1 GR) following price rallies.
• The main forecasted deletions are Verallia (VRLA FP) and Banca Popolare Di Sondrio Scar (BPSO IM) following tender offers that significantly reduced their free float.

• BAE ownership jumped from 29.4% to 36.7% of UK funds, reaching its strongest level in two years.
• Despite gains, BAE remains the sixth-largest underweight versus the FTSE All-Share.
• BAE dominates UK aerospace and defence peers, but underweights may be harder to defend amid Europe’s rearmament and geopolitical tensions.

Key points (machine generated)

• WEIR Group plc is a mining equipment OEM with 80% of sales from aftermarket services and a strong market position.
• The company is undervalued at 12x EV/Adj. EBITA based on 2026 estimates, with potential growth from increased mining capital expenditures.
• WEIR operates in four equipment categories, generating £2.5 billion in revenue with an 18.8% adjusted operating margin, while investing in growth and innovation.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• Short-Term, pinpointing exact tickers off this NPS/cumulative voting narrative is tough—activism risk is real, but predicting moves in governance-sensitive names is still premature.
• NPS may go aggressive, potentially sparking a market-wide narrative. If limited activism unwinds, Korean stocks could see a broad re-rate, beyond just individual governance names.
• Tactically, consider enhanced setups in these names under a passive framework, while closely monitoring governance developments and NPS-driven activism for actionable alpha in individual tickers.

• The AFR reports that Caterpillar Inc (CAT US) and four other bidders are considering a privatisation bid for RPMGlobal Holdings Limited (RUL AU) at around A$5.00 per share.
• In response to the article, RPM entered a trading halt the same day regarding “an indicative proposal from a third party regarding a potential acquisition.”  
• RPM’s shareholder structure facilitates an offer. The rumoured offer is reasonable but is far from a knockout bid, suggesting the potential of a bidding war.  

• In this insight, we provide the top 10 stock picks and key catalysts in the Korean stock market for the two weeks (29 August to 12 September 2025).
• Shipbuilding remained the best performing sector in the past two weeks. Rechargeable battery was the worst performing sector. 
• Top 10 picks in this bi-weekly include KCC Corp, KT&G, LG Uplus, Samsung Life Insurance, Paradise, Nongshim, LG Chem, HD Hyundai Mipo, SK Inc, and CJ Corp. 

• Schibsted/Vend Marketplaces (VENDB NO) is the highest ranked non-constituent. However, its addition is uncertain due to share class liquidity.
• The main forecasted additions are Zegona Communications (ZEG LN) and Nordex SE (NDX1 GR) following price rallies.
• The main forecasted deletions are Verallia (VRLA FP) and Banca Popolare Di Sondrio Scar (BPSO IM) following tender offers that significantly reduced their free float.

• BAE ownership jumped from 29.4% to 36.7% of UK funds, reaching its strongest level in two years.
• Despite gains, BAE remains the sixth-largest underweight versus the FTSE All-Share.
• BAE dominates UK aerospace and defence peers, but underweights may be harder to defend amid Europe’s rearmament and geopolitical tensions.

Key points (machine generated)

• WEIR Group plc is a mining equipment OEM with 80% of sales from aftermarket services and a strong market position.
• The company is undervalued at 12x EV/Adj. EBITA based on 2026 estimates, with potential growth from increased mining capital expenditures.
• WEIR operates in four equipment categories, generating £2.5 billion in revenue with an 18.8% adjusted operating margin, while investing in growth and innovation.

This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.