In today’s briefing:
- Leading Candidates for the First Value-Up Disclosure
- End of Mandatory Lock-Up Periods for 54 Companies in Korea in May 2024
- Alpha Generation Through Share Buybacks in Korea: Bi-Monthly (Mar and Apr 2024)
Leading Candidates for the First Value-Up Disclosure
- Of utmost importance in these guidelines will be the framework for Value-up disclosure. Local authorities aim to encourage proactive disclosure, starting with companies that are well-prepared.
- Two companies are being closely watched as potential candidates for the first Value-up disclosure: CJ Cheiljedang (097950 KS) and Koh Young Technology (098460 KS).
- The rationale for us to actively engage in alpha trading with these two names stems from the strong probability that they will emerge as cornerstone constituents of the Value-up index
End of Mandatory Lock-Up Periods for 54 Companies in Korea in May 2024
- We discuss the end of the mandatory lock-up periods for 54 stocks in Korea in May 2024, among which 4 are in KOSPI and 50 are in KOSDAQ.
- These 54 stocks on average could be subject to further selling pressures in May and could underperform relative to the market.
- The top three market cap stocks including those of which at least 1% of outstanding shares could be sold in May include EcoPro Materials, Enchem, and Gaonchips.
Alpha Generation Through Share Buybacks in Korea: Bi-Monthly (Mar and Apr 2024)
- In this insight, we discuss the alpha generation through companies that announced share buybacks in Korea in March and April 2024.
- We provide a list of 30 stocks in the Korean stock market that have announced share buyback programs in the past two months.
- Major companies that have announced share buybacks in Korea in the past two months include Krafton (259960 KS), Celltrion Inc (068270 KS), and Woori Financial Group (316140 KS).
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