SK Square

SK Square Is Victim of LG Energy IPO-Triggered Market Flow Imbalance, Then Rebound Timing?

Event-Driven
279 Views, 10 Jan 2022 08:47
EXECUTIVE SUMMARY
  • SK Square's discount to NAV is reaching 68%, pretty close to the deepest end of the local peers.
  • The cause of this price correction can be seen as the collapse of the overall market flow balance due to the LG Energy IPO.
  • Entry timing for MSCI float-rate increase momentum is early February.
detail (3-minute read)
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Sanghyun Park
Korea / Special Sits, Pairs, Index Rebalancing
Clepsydra Capital
South KoreaEvent-DrivenEquity Bottom-Up

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

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