In today’s briefing:
- Lee Jae-Myung’s Camp Just Dropped Their Latest Market Stimulus Play
- HMM’s 2T KRW Buyback Tender to Drop Before June End
- Korea Value Up (3 Winners and 7 Losers Among KOSPI 200 Companies) In March and April 2025
- Weekly Update (ABB, MEDXF, LION)
- Sustainable Investing Surveyor Focus on Green Impact Partners (GIP)
- Legrand S.A. – Company Update: March 21, 2025
Lee Jae-Myung’s Camp Just Dropped Their Latest Market Stimulus Play
- They’re making it easier to spot stocks benefiting from policy shifts. Lee Jae-myung’s camp is giving more detail upfront, with a focus on FuriosaAI and related listed stocks.
- If cumulative voting passes, expect a pop in stocks with governance issues, activist interest, or large NPS stakes, like Hyosung affiliates, Doosan, HL Mando, and POSCO Holdings.
- They also aim to give parent shareholders first crack at spun-off subsidiaries going public and require buyback cancellations, likely benefiting SK and LS Group affiliates, Samsung Electronics, and POSCO Holdings.
HMM’s 2T KRW Buyback Tender to Drop Before June End
- This buyback facilitates KDB’s exit, as rules prevent a block trade benefiting one shareholder. KDB plans to tender a 4–5% stake, or about 40% of the 2 trillion KRW buyback.
- Given HMM’s tight float, the premium is likely above the usual 10%, making it a strong opportunity for short-term arbitrage trading.
- The key is timing the announcement. With the June deadline, we need to monitor hot money flows into HMM to build our position before the news breaks.
Korea Value Up (3 Winners and 7 Losers Among KOSPI 200 Companies) In March and April 2025
- In this insight, we provide the details of the 10 most recent companies in KOSPI 200 that have announced their Corporate Value Up plans (April and March 2025).
- These 10 companies in KOSPI 200 that have announced their Corporate Value Up plans are down on average 1.3% versus KOSPI which is down 2% in the same period.
- Three companies that have outperformed KOSPI (since their Corporate Value Up report announcement) include Hanmi Semiconductor, Hyundai Engineering & Construction, and Samyang Foods.
Weekly Update (ABB, MEDXF, LION)
- April 17, 2025, ABB Ltd (ABB) announced its intention to spin off its entire robotics division.
- The robotics unit, recognized as the world’s second-largest industrial robot manufacturer after Japan’s FANUC, generated $2.3 billion in revenue in 2024, accounting for approximately 7% of ABB’s total sales.
- However, its profit margin stood at 12.1%, trailing the group’s overall margin of 18.1%, primarily due to subdued demand in the automotive sector.
Sustainable Investing Surveyor Focus on Green Impact Partners (GIP)
- The WTR Sustainable Index was up 1.2% W/W versus the S&P 500 Index (down 1.5%), the Russell 2000 Index (up 1.1%) and the Nasdaq Index (down 2.3%).
- Energy Technology (12.5% of the index) was up 0.3%, while Industrial Climate and Ag Technology (46.5% of the index) was up 3.1%, ClimateTech Mining was up 0.5%, and Advanced Transportation Solutions (20.9% of the index) was down 1.7%.
- Top 10 Performers: TMC, EGT, HCNWF, CVW, HLGN, GGR, SX, IPWR, ABML, WAVE
Legrand S.A. – Company Update: March 21, 2025
- Our estimations for FY 2025 annual revenue range at around €9,168 million and for 2026 at around €9,718 million.
- The company’s annual revenue reached €8,649 million in 2024 compared to €8,417 million in 2023, post- ing an increase by 2.76%. Legrand S.A. (or the company) gross profit for FY 2024 was €4,466 million, increased by 1.52% compared to €4,399 million for the corresponding period of 2023.
- In addition, during FY 2024 EBITDA amounted to €2,022 million, while EBT and EATAM settled at €1,578 million and €1,166 million respectively.
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