Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Newcrest Mining, Pertamina Geothermal, Hanwha Corporation and more

In today’s briefing:

  • Newmont’s Indicative Offer for Newcrest Mining (NCM AU)
  • Pertamina Geothermal IPO: Valuation Insights
  • Introducing ARIRANG K-Defense, Sector ETF Currently in the Limelight in Korea

Newmont’s Indicative Offer for Newcrest Mining (NCM AU)

By Brian Freitas


Pertamina Geothermal IPO: Valuation Insights

By Arun George


Introducing ARIRANG K-Defense, Sector ETF Currently in the Limelight in Korea

By Sanghyun Park

  • ARIRANG K-Defense Industry Fn ETF (449450 KS) shows the fastest AUM/ADV growth among recently listed sector ETFs. It is virtually the only one enjoying the influx of local retail investors.
  • The increasing trend of ETF AUM, coupled with the growing interest of local retail investors in the defense sector, will likely lead to flow improvement in each constituent.
  • The passive impact of some stocks in the upcoming rebalancing is expected to expand to 0.4-0.5x ADTV. Notable names in this regard are Hanwha Corporation and SNT Motiv.

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