Daily Brief TMT/Internet: Horizon Robotics, Naver Corp, Lens Technology and more

In today’s briefing:

HSTECH Index Rebalance Preview: Universe Expansion Could Lead to One Change
Top 10 Korean Stock Picks and Key Catalysts Bi-Weekly (4 to 18 July 2025)
Weekly Deals Digest (06 Jul) – Lens Tech, FWD, Geekplus, NTT DC REIT, Fengxiang, HKBN, Insignia

HSTECH Index Rebalance Preview: Universe Expansion Could Lead to One Change

The review period for the September rebalance of the Hang Seng TECH Index ended on 30 June, the changes will be announced on 22 August and implemented on 5 September.
No constituent changes will result in a one-way turnover of 4.1% and that will mean a round-trip trade of HK$15.2bn (US$1.94bn).
An expansion of the index universe could lead to one constituent change and that increases the one-way turnover to 6.2% and the round-trip trade to HK$23.1bn (US$2.94bn).

In this insight, we provide the top 10 stocks picks and key catalysts in the Korean stock market for the two weeks (4 to 18 July 2025).
Korea Electric Power (KEPCO) (015760 KS) was the best performing stock among the top 100 stocks in KOSPI in the past two weeks.
The top 10 picks in this bi-weekly include LG Uplus, KCC, SK Hynix, Naver, Korea Kolmar, Korea Investment Holdings, Misto Holdings, Lotte Tour Development, LG Chem, and SK Inc.

A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Thailand, Korea, India and Chinese ADRs.
ECM developments: FWD Group Holdings (1828 HK), Geekplus Technology (2590 HK), NTT DC REIT (NTTDCR SP) IPOs and Lens Technology (6613 HK) H Share listing.
Event-Driven developments: Shandong Fengxiang (9977 HK), Yichang HEC Changjiang Pharma (1558 HK), Jilin Jiutai Rural Comm Bank (6122 HK), New World Resources (NWC AU), Insignia Financial (IFL AU).

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