In today’s briefing:
- Japan Airlines – To Acquire A Portion of Hanjin Kal Shares and Become a White Knight?
- Cha Partners Demands Higher Shareholder Returns from Refine Co
- KODEX Semicon (091160 KS) Tactical Outlook After September Rebalance
Japan Airlines – To Acquire A Portion of Hanjin Kal Shares and Become a White Knight?
- On 4 September, numerous local media accounts mentioned that Japan Airlines has acquired a stake in Hanjin KAL Corp (180640 KS), the holding company of Korean Air Lines.
- There is an increasing speculation that Japan Airlines could act as a “white knight” for Hanjin Kal.
- Hoban Group recently increased its stake in Hanjin KAL to 20.15%, narrowing the gap with Chairman Cho to just 0.41 percentage points.
Cha Partners Demands Higher Shareholder Returns from Refine Co
- One of the minority investors in Refine Co (377450 KS) called Cha Partners is heavily opposed this deal and has demanded higher shareholder returns.
- The tender offer price is approximately 35% lower than the 27,159 won per share paid by Realty Fine when acquiring the stake from the existing largest shareholder.
- At this point, it appears that the tender offer completion rate could be about 50-70% of total shares up for tender offer (5.2 million).
KODEX Semicon (091160 KS) Tactical Outlook After September Rebalance
- Sanghyun Park posted recently about stocks added/removed to KRX Semis (091160 KS) at September’s rebalance, this insight will look at support zones to buy during the current correction and profit targets.
- The ETF sits at price that offers a tactical LONG entry – this insight leverages our model data to evaluate if this is a good point to enter the trade.
- Market sentiment on KODEX Semicon remains cautiously bullish with high tactical volatility, possibly an opportunity to buy at discounted price, with a long-term profit target view.
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