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

HMM: Material Improvement in Corporate Value Up Plan

Korea Exchange Announces 8 Major Incentives for Selected Excellent Value-Up Companies

HMM's Shaping up to Be a Solid Pick for Classic Dividend Arbitrage Plays

Clepsydra Capital

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

Index Rebalance

<ul>
<li>HMM's aggressive short-term return strategy is driven by KDB's BIS issue, explaining why they acted earlier and more aggressively than expected.</li>
<li>HMM's best move is boosting the 2024 div payout, keeping KDB happy by smoothing over KDB's PR angle, and aligning with its June value-up index rebalance agenda.</li>
<li>The 2024 year-end dividend is conservatively expected between KRW 850-1,200 per share, totaling KRW 750 billion to 1 trillion, with the record date likely in late February or early March.</li>
</ul>


HMM's aggressive short-term return strategy is driven by KDB's BIS issue, explaining why they acted earlier and more aggressively than expected.
HMM's best move is boosting the 2024 div payout, keeping KDB happy by smoothing over KDB's PR angle, and aligning with its June value-up index rebalance agenda.
The 2024 year-end dividend is conservatively expected between KRW 850-1,200 per share, totaling KRW 750 billion to 1 trillion, with the record date likely in late February or early March.


Unpacking the Backstory of HMM's Value-Up Disclosure Today: Dividend Arbitrage Still in Focus

HMM Co., Ltd.

Unpacking the Backstory of HMM's Value-Up Disclosure Today: Dividend Arbitrage Still in Focus