In today’s briefing:
- KRX H1 SSF Reshuffle: Play Setup from Last Round’s Learning Curve
- The Beat Ideas: Apcotex Industries Ltd, Beaten Down Value Pick
- USEG: U.S. Energy acquires additional industrial gas acreage in the Kevin Dome structure in Montana. The company also announced the divesture of certain oil & gas properties in Texas.
- New Year Marks Revival In Indian Synthetic Rubber Market
- [US Nat Gas Options Weekly 2025/02] Henry Hub Surges on Expectations of Robust Heating Demand
- [SGX Iron Ore Weekly 2025/02] Bearish Sentiments Softening as Vols Trend Lower
- [US Crude Oil Options Weekly 2025/02] WTI Rises for Third Straight Week Due to Supply Disruptions
- AUAU: Plans to Target Deep High-Grade Zone
KRX H1 SSF Reshuffle: Play Setup from Last Round’s Learning Curve
- Last time, price action showed up a week early, suggesting market makers are getting ahead, likely due to learning effects.
- This round’s a letdown—no KOSDAQ names and fewer plays. Still, lower-volume KOSPI names showed solid price action correlation in the last reshuffle.
- This round, focus on low-volume KOSPI names, enter 5 days before the listing, and exit just before it drops, using the learning curve from the last reshuffle.
The Beat Ideas: Apcotex Industries Ltd, Beaten Down Value Pick
- Apcotex Industries (APCO IN) promoted by Ex-Asian Paints MD Mr. Atul Choksey, is a leading manufacturer of synthetic rubber and latex in India.
- Despite achieving record sales volume in H1 FY25, Apcotex experienced a decline in EBITDA margins due to RM pricing and Chinese competition.
- Apcotex Industries (APCO IN) is at its worst possible margins and applied for anti-dumping duty for its product.
USEG: U.S. Energy acquires additional industrial gas acreage in the Kevin Dome structure in Montana. The company also announced the divesture of certain oil & gas properties in Texas.
- U.S. Energy (NASDAQ: USEG) is an independent energy company historically focused on the acquisition and development of oil and natural gas producing properties in the U.S. In June 2024, the company acquired acreage in Montana with the goal of extracting and marketing helium products and other industrial gases.
- Going forward, the primary focus will be on the development and operation of helium and other industrial gases, along with the development of carbon sequestration capabilities.
- The company has no debt and $21.15 million in available liquidity.
New Year Marks Revival In Indian Synthetic Rubber Market
- Highlights · Auto non-tire and tire sectors stage better show from Dec · Indian SR consumption goes up by 10.5% YoY in FY 2024-25 H1 · Atma Nirbhar Bharat making cushioning effect on imports The Indian Synthetic Rubber (SR) sector is reviving in the New Year after the lull until early December, with downstream tire and auto sector demand picking up, leading to a markup in the prices of certain variants.
- The players in the sector are optimistic about the momentum persisting until the end of the financial year in March 2025.
- The SBR prices, which were INR 190/kg on November 1, sharply fell to INR 175/kg by December but are picking up in the new year and have crossed INR 180/kg in early January.
[US Nat Gas Options Weekly 2025/02] Henry Hub Surges on Expectations of Robust Heating Demand
- For the week ending 10/Jan, U.S. natural gas prices surged by 18.9% led by cold weather forecasts, rising LNG exports, supply disruptions, and declining inventories.
- Henry Hub Put/Call volume ratio fell to 1.29 from 1.37 (03/Jan) the previous week as call volumes rose by 40.3% WoW, while put volumes grew by 32.7%.
- Henry Hub OI PCR rose to 0.92 from 0.87 compared to last week. Call OI inched up by 5.4% WoW, while put OI increased by 10.5%.
[SGX Iron Ore Weekly 2025/02] Bearish Sentiments Softening as Vols Trend Lower
- SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures (“SGX IO Futures”) rose last week, closing $0.4/ton higher by 10/Jan (Fri).
- Based on seasonality, SGX IO Futures Feb contract trades 24.6% below its last 5-year average ($128.93/ton).
- IO prices gained 3% in the 10 trading days leading to CNY. IO prices rises 4.4% over the next 5 days before shedding 5% over the following five.
[US Crude Oil Options Weekly 2025/02] WTI Rises for Third Straight Week Due to Supply Disruptions
- WTI futures rose 3.5% for the week ending 10/Jan, driven by tightening U.S. sanctions on Russian crude oil and bullish U.S. economic data.
- WTI options Put/Call volume ratio dropped to 0.83 from 1.03 (03/Jan) last week, as call volume surged by 128.3% WoW while put volume increased by 82.9%.
- WTI OI PCR rose to 0.94 from 0.93 last week. Call OI climbed up by 7.1% WoW, while put OI rose by 8.5%.
AUAU: Plans to Target Deep High-Grade Zone
- What you need to know: • Allegiant announced plans to drill the High-Grade Zone at McIntosh by way of a 2,000-3,000m diamond drill program.
- 2021 highlights in this area include 39 g/t Au over 3m & 2.6 g/t Au over 148m.
- • AUAU also announced disappointing results from its exploratory RC drill program at Eastside, however, there were some positive takeaways.
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