Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>
<strong><a href="https://www.smartkarma.com/entities/bh-co-ltd" target="_blank" data-smartkarma-citation="entities:3933:1" rel="noopener">BH Co Ltd (090460 KS)</a></strong> will likely complete the transfer listing by early May, suggesting an ad-hoc change may occur before the regular rebalancing of the KOSDAQ 150 in June.</li>
<li>BH's GICS sector is INFORMATION TECHNOLOGY. It means the top reserved issue at the previous review gets to replace BH. At this point, it will be <strong>HFR Inc (230240 KS)</strong>.</li>
<li>We should build up a Long position on HFR right after KRX approves BH's transfer and then close it on the next trading day after the KQ150 corporate action announcement.</li>
</ul>



BH Co Ltd (090460 KS) will likely complete the transfer listing by early May, suggesting an ad-hoc change may occur before the regular rebalancing of the KOSDAQ 150 in June.
BH's GICS sector is INFORMATION TECHNOLOGY. It means the top reserved issue at the previous review gets to replace BH. At this point, it will be HFR Inc (230240 KS).
We should build up a Long position on HFR right after KRX approves BH's transfer and then close it on the next trading day after the KQ150 corporate action announcement.


An Exposed Target for Flow Trading on KQ150 Ad-Hoc Change by BH's KOSPI Transfer Listing

Bh Co Ltd

An Exposed Target for Flow Trading on KQ150 Ad-Hoc Change by BH's KOSPI Transfer Listing