In today’s briefing:
- KODEX Battery Rebalancing Results Out: From Today to Next Tuesday
- Growatt IPO: PHIP Update
- Agnico Eagle Mines: The Real Money Printing Press
KODEX Battery Rebalancing Results Out: From Today to Next Tuesday
- As expected, Sungeel Hitech (365340) made it to the index. And C&I System (222080) and Wonik PNE (217820) were added, whereas Ecopro (086520) and Dongwha Enterprise (025900) were deleted.
- Among the existing constituents, Samsung SDI (006400), Ecopro BM (247540), SK Innovation (096770), L&F (066970), and SKC (011790) are expected to have a relatively significant impact.
- Looking at the last rebalancing, the impact/price correlation was most significant on Day 1. So, we should consider aiming for LONG/SHORT today for those with a high relative impact.
Growatt IPO: PHIP Update
- Growatt is a distributed energy solution provider with the #1 market share for PV inverters and energy storage inverters, allowing them strong potential to benefit from a growing market.
- In November 2022, the company received approval from the Hong Kong Stock Exchange and the IPO has a placeholder value of US$1bn, making it HKEX’s fourth largest IPO of 2022.
- In this follow-up insight, we have highlighted and discussed some of the key new data points from the company’s latest Post Hearing Information Pack (PHIP).
Agnico Eagle Mines: The Real Money Printing Press
- Agnico Eagle Mines has already delivered outstanding results in a period of less than 6 months.
- The risk profile of Agnico remains low with an exceptionally high dividend yield.
- The company appears very attractive in spite of the inflationary headwinds, according to the company’s chief executive.
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