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𝛼SK
𝛼SKbullish
Shin Kong (2888 TT)/Taishin (2887 TT) - Short Timer, FX Risk, Index Flows - Time To Buy Vs Peers
983 Views16 Jun 2025 15:36
Shin Kong and Taishin have suffered vs Other FHCs as stronger TWD has caused mark-to-market bond losses. But peer buying for index reverses as Taishin sees big index buying. There's a trade here.
What is covered in the Full Insight:
- Merger Overview
- Risk Arbitrage Opportunities
- Index Trades and Dynamics
- FX and Borrowing Implications
- Trading Strategies and Conclusions
Boomeranged on Wed, 25 Jun 2025 13:16
One month to go for the Shin Kong Taishin Merger Arb and the spread is still elevated at 5.5%. There is some tightness on Taishin borrow but more stock is available now and there is a fair bit of room still as the short balance has gotten shorter since a few days prior to the TDIV increase (while SK/Taishin vs Peers has gone nowhere despite big Taishin buying). The risk arb should be good risk.
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