In today’s briefing:
- KOSPI 200 Futures Calendar Spread Trading: Latest on Year-End Dividend Record Date Changes
- 2024 Major IPOs Pipeline in Korea
- Korean Air: European Merger Review Decision Not Expected Until Mid-February
KOSPI 200 Futures Calendar Spread Trading: Latest on Year-End Dividend Record Date Changes
- It would be prudent to anticipate that a considerable portion of these 636 companies will indeed adjust their dividend record dates, effective from this year’s year-end dividends.
- One notable setup gaining attention is calendar spread trading for the KOSPI 200 futures in anticipation of an upward trend in the KOSPI 200 futures market towards the year’s end.
- This entails buying the near-month and selling the far-month, liquidating when the price difference reverts. Traders pay attention to potential far-month divergence due to the shift in dividend record dates.
2024 Major IPOs Pipeline in Korea
- This is our 9th “Annual Edition of the Major Korean IPOs Pipeline Preview” at Smartkarma.
- This insight will feature 50 of the biggest potential IPOs in Korea in 2024.
- These 50 IPOs in Korea are likely to represent more than 80% of all capital raised through IPOs in Korea next year.
Korean Air: European Merger Review Decision Not Expected Until Mid-February
- The European Commission has confirmed it aims to make a preliminary decision on the proposed Korean Air/Asiana merger by 14 February.
- Plans to sell Asiana Cargo may struggle to find a buyer, while the US has also highlighted concerns regarding the merger, and Japan has yet to provide approval.
- We continue to highlight there is a strong argument for Korean Air continuing alone, as Asiana continues to struggle to achieve profitability, with a stretched balance sheet.
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