Daily brief
Morning report — Tue 29 Sep 2026 ~07:48 HKT (research/paper)
Research/paper only. No live orders or recommendations. KRX Tue cash — open 29 Sep 09:00 KST (Mon was first session after Chuseok).
watchlists US AJ: no new overnight board rows (Outlook HYROX path only this fire; Featured not re-scraped). X color: NVDA +$150bn buyback (AJ); Anthropic $518bn 2027 infra; Samsung Foundry 2nm yield ~60%. Standing Y: AVGO, MU, MRVL, NVDA (HC), XPEV, META, AMD, LITE. Wait ORCL; Caution TSLA, NIO; Watch SPCX; Avoid EOSE, EOS; N PLTR, AAPL, RIVN. Korea attractive: EMPTY (Mon foreign dump leaves no new long sleeve). 000660 is Hynix desk only.
asia news Age-cut Mon+Tue n=8. Lead: MiniMax M3.1-Flash public test; DeepSeek DSec agent-sandbox paper; SCMP ByteDance ~1/5 China DC + CanSemi IPO 2,360×; Herald/Yonhap KOSPI −2.70% foreign ₩3tn Samsung/Hynix dump; Yonhap Huang Van Fleet; SCMP HK export AI lift; BOK Sep CBSI 99.1. HKET 403; KED sections empty.
X Evening refresh 2026-09-29 21:57 HKT · Sentiment mixed, medium · Home unavailable · n_new=2 after 13:45 HKT. NEW: Zephyr Opus/Sonnet 5.5 Anthropic accelerating again; Jukan TSMC Texas six advanced fabs (investment potentially > Arizona). PRIOR (PM demoted): NVDA CPO; SEMCO MLCC ₩285bn; AMD Venice/2028; ARR deceler; China DUVi; CXMT/Samsung 18nm IP. Standing PRIOR: Samsung 2nm ~60%; Anthropic $518bn; AJ NVDA +$150bn buyback; SEMCO FC-BGA; Anthropic >$180bn NVDA; TSMC 2nm.
DART Age-window ≥2026-09-29 15:40 KST: 22 keeps (no 000660) — NEW LigaChem Bio 141080 Abion iADC license-in ≥10% equity UP 1-3%/p≈20% (AH +1.01%); Abion 203400 LigaChem iADC transfer-out ≥10% sales UP 3-8%/p≈32% (HALTED); ANDFOS 238090 Series-6 CB early acquire ₩11.12bn/~18% mcap MIXED 3-8%/p≈12% (AH +8.72% don’t-chase); Rotem / Finetechnics / Mobis / … Tip last_seen 20260930800764 @2026-09-30 15:58 KST.
funding BN fapi GEO-BLOCKED. HL xyz:SKHY mark 183.31 / fund 6.25e-06; xyz:SKHX mark 1302.5 / fund 6.25e-06. BN−HL spreads UNKNOWN. Paper only.
Hynix KR PREOPEN → 09:00. Mon cash 000660 ₩1,768,000 (−5.05%) O/H/L 1,825k/1,840k/1,768k · vol 3,302,748 · For −988.5k sh / Inst −274.9k / Ind +676.1k; FO 49.94% (Herald ₩1.73tn foreign sell). Tue PREOPEN over ₩1,769,000 (+0.06%). Samsung Mon ₩270,000 (−5.43%) / over ₩267,500 (−0.93%). KOSPI Mon 6,889.74 (−2.70%). SKHY Mon $181.92 (−5.03%); prem vs Mon KRX/FX 1,358 ≈ +39.73%. No NEW 000660 DART. Do not treat Yahoo as a Tue gap invent.
HYROX Warsaw registration announced (not open): opens 14 Oct 2026 12:00 CET / 18:00 HKT; race 7–11 Apr 2027. Official "Sale starts soon". Outlook: no newer Warsaw OPEN mail. ping_needed=false.
DART · material KR
Last-updated 30 Sep 2026 16:05 KST (Asia/Seoul)
Last scan 2026-09-30 16:05 KST · age-window keep ≥2026-09-29 15:40 KST · 22 cards · tip 20260930800764 @2026-09-30 15:58 KST · last_material 20260930900659 @2026-09-30 15:54 KST · NEW 22/3 keep
Own Series-6 CB early acquire ₩11.0bn face / pay ₩11.12bn (~18–20% mcap) — cancel; convert OTM
2026-09-30 16:05 KST: ANDFOS (앤디포스, 238090, KOSDAQ) filed material report — own convertible-bond early acquisition (주요사항보고서/자기전환사채만기전취득결정). Series 6 unnamed interest-bearing unsecured private CB issued 2026-06-25 / maturity 2029-06-25; original series face ₩20,000,000,000. Acquire face ₩11,000,000,000 for ₩11,116,931,506 (principal + accrued interest to acquire date). Decision/pay 2026-09-30; funding own cash + borrowings; method OTC; after acquire: cancel. Seller: JK New Tech Investment Partnership No.23 (채권자; unrelated). Convert 100% @ ₩2,633/sh → 4,177,744 common = 12.33% of OS 29,709,683 — OTM vs spot. Remaining series face after acquire ₩9,000,000,000. Board 2026-09-30. rcpNo 20260930000525 / dcmNo 11597299 confirmed on DART HTML viewer (앤디포스 matches). Live at enrich (Naver 238090 @2026-09-30 16:05 KST): last/AH ₩1,983 (+8.72% vs prev ₩1,824); high ₩1,983; vol ~13.9k; mcap ≈ ₩60.5bn; pay/mcap ≈ 18.4%.
What: ANDFOS (앤디포스, 238090) early-acquires Series-6 private CB face ₩11.0bn for ₩11.12bn (~18% of ~₩60.5bn mcap) and cancels; convert ₩2,633 / 12.3% OS is OTM vs ₩1,983. Why MIXED: Overhang cleanup vs large cash exit (Telcon/QuantaMatrix). Why 3-8%: Face/mcap ~18% on micro book. Why p≈12%: AH already +8.72% printed the band → don’t-chase / thin overnight leftover.
Abion iADC joint research + exclusive license-in (≥10% equity; amounts withheld) — max 5 targets WW
2026-09-30 16:05 KST: LigaChem Biosciences (리가켐바이오, 141080, KOSDAQ) filed investment-judgment material matter (투자판단관련주요경영사항). Title: iADC platform joint research and technology in-licensing (JOINT RESEARCH AND LICENSE AGREEMENT). CP: Abion (에이비온; KR). Object: iADC = Abion IFN-β mutein immunocytokine-antibody + LigaChem ADC platform (linker/payload). LigaChem gets exclusive WW rights to develop/commercialize iADC for up to 5 designated targets. Signed 2026-09-30; term through last-product royalty end. Economics (all withheld under secrecy): (a) upfront for exclusive target-designation rights; (b) co-research prepaid + research milestones; (c) per-target R&D/approval/commercial milestones; (d) royalties on net sales — payable ≤45d of invoice. Filing states contract amount ≥10% of LigaChem YE2025 consol. equity ₩541,120,311,269 → ≥₩54.1bn obligation floor. Contingent R&D; may terminate on failure. Definitive agreement expected within 60d of a milestone but this contract stays effective even if DA slips. Companion Abion outbound rcp 20260930900696. rcpNo 20260930900659 / dcmNo 11597285 confirmed on DART HTML viewer (리가켐바이오 matches). Live at enrich (Naver 141080 @2026-09-30 16:05 KST): cash ₩80,000 (+0.63%); AH ₩80,300 (+1.01%); high ₩82,300 (+3.52% vs prev ₩79,500); mcap ≈ ₩2.96tn; face-floor/mcap ≈ 1.8%.
What: LigaChem (리가켐바이오, 141080) in-licenses Abion IFN-β immunocytokine into its ADC platform (iADC); exclusive WW rights for ≤5 targets; amounts withheld but ≥10% of ₩541bn equity (≥₩54.1bn / ~1.8% of ~₩2.96tn mcap). Why UP: Named ADC/immuno pipeline add with exclusive commercialization — KR biotech trades platform expansion. Why 1-3%: LigaChem is the payor + contingent R&D + liquid ~₩3tn → refuse 3-8%. Why p≈20%: AH +1.01% after close; leftover is overnight only.
LigaChem iADC joint research + tech transfer-out (≥10% sales; amounts withheld) — HALTED
2026-09-30 16:05 KST: Abion (에이비온, 203400, KOSDAQ) filed investment-judgment material matter (투자판단관련주요경영사항). Title: iADC platform joint research and technology transfer (JOINT RESEARCH AND LICENSE AGREEMENT). CP: LigaChem Biosciences (리가켐바이오사이언스; LCB). Object: Abion IFN-β mutein immunocytokine-antibody + LCB ADC platform → iADC. LCB gets exclusive WW develop/commercialize rights (≤5 targets). Signed 2026-09-30; royalties run 10y from first commercial sale or patent claim end, later of. Economics withheld: upfront for exclusive target rights; co-research prepaid + milestones; per-target milestones; royalties on net sales. Filing states contract amount ≥10% of Abion recent-year sales. Abion is the licensor/receiver. If Abion sells iADC to a third party, LCB gets first-negotiation + revenue share. Companion LigaChem inbound rcp 20260930900659. rcpNo 20260930900696 / dcmNo 11597281 confirmed on DART HTML viewer (에이비온 matches). Live at enrich (Naver 203400 @2026-09-30 16:05 KST): HALTED (eventHalt01; 0 volume Sep 28–30); last ₩676 (0.00%); mcap ≈ ₩60.9bn.
What: Abion (에이비온, 203400) out-licenses IFN-β immunocytokine into LigaChem ADC iADC; LCB exclusive WW ≤5 targets; amounts withheld but ≥10% of Abion sales. Why UP: Outbound license to larger ADC name — cash/milestone optionality on ~₩61bn microcap. Why 3-8%: Withheld + contingent R&D cuts 8%+ expected drift; halt can still gap hard (vol band). Why p≈32%: Multi-day halt → leftover is resume/next open only; same-session cash = 0.
Singapore LTA J151 EMU LTSS option 5a ₩310.3bn (~5.3% sales / ~2.5% mcap) — no advance
2026-09-30 15:45 KST: Hyundai Rotem (현대로템, 064350, KOSPI) filed single sales/supply contract (단일판매ㆍ공급계약체결). Content: LTA J151 EMU maintenance-support (LTSS option 5a). Firm ₩310,341,883,519 (₩310.3bn / 3,103억; SGD 291,995,788.15 @ 1SGD=1,062.83). Recent consol. sales ₩5,839,031,553,013 → 5.3% of sales. Large-corp: yes. CP: Land Transport Authority, Singapore (unrelated). Region: Singapore. Period start 2026-09-30; end TBD (service-start + 30y, amend when set). Advance: none; progress-bill. Contract date 2026-09-30. Board 2026-09-30. rcpNo 20260930800644 / dcmNo 11597145 confirmed on DART HTML viewer (현대로템 matches). Live at enrich (Naver 064350 @2026-09-30 15:45 KST): cash last ₩111,600 (−0.62% vs prev); AH ₩112,700 (+0.36%); mcap ≈ ₩12.18tn; face/mcap ≈ 2.5%.
What: Hyundai Rotem (현대로템, 064350) wins Singapore LTA J151 EMU LTSS option 5a ₩310.3bn = 5.3% of ₩5.84tn sales / ~2.5% of ~₩12.2tn mcap; no advance; progress-bill; ~30y once service starts. Why UP: Named sovereign CP + firm multi-decade LTSS add on the J151 book. Why 1-3%: Liquid mega-cap + zero advance + 30y drip → refuse 3-8% (HMM/Samsung Heavy class). Why p≈22%: Cash −0.62% / AH +0.36% after close → overnight leftover only.
Sungjin Holdings third-party place ₩1.00bn (~2.9% mcap / ~3.3% OS) — control path; 1y lock
2026-09-30 15:45 KST: Finetechnics (파인테크닉스, 106240, KOSDAQ) filed material report — paid-in capital increase (주요사항보고서/유상증자결정). Third-party allotment common 865,050 sh @ ₩1,156 (−10% vs base ₩1,285) = ₩999,997,800 (₩1.00bn / 10.0억). Pre-issue OS 26,581,914 → post ~27,446,964. Use: operating funds ₩1.0bn. Allottee: Sungjin Holdings (성진홀딩스) — incoming max holder under Apr-15 SPA (locks 1y). Pay-in 2026-10-08; listing target 2026-10-23. Board 2026-09-30. Confirms Apr-1 funding rumor (this tranche only ₩1bn). Companion SPA amend rcp 20260930900602: Orbitech→Sungjin deal cut 4.6m/₩20bn → 4.14m/₩18bn; max-holder flip timed to pay-in 2026-10-08 (post-issue stake ~18.24%). rcpNo 20260930000471 / dcmNo 11596970 confirmed on DART HTML viewer (파인테크닉스 matches). Live at enrich (Naver 106240 @2026-09-30 15:45 KST): last ₩1,306 (+0.15%); mcap ≈ ₩34.7bn; face/mcap ≈ 2.9%; dilution ≈ 3.3% OS.
What: Finetechnics (파인테크닉스, 106240) third-party places 865,050 sh @ ₩1,156 = ₩1.00bn (~2.9% of ~₩34.7bn mcap / ~3.3% OS) to Sungjin Holdings (incoming max holder; 1y lock); pay-in 2026-10-08; Apr-1 funding rumor confirmed at only ₩1bn. SPA cut ₩20bn→₩18bn. Why MIXED: Control-close cash vs dilution/overhang on thin book. Why 1-3%: Tiny vs rumored ₩10bn + known Apr path — refuse 3-8%. Why p≈20%: Live +0.15% flat; leftover is overnight to pay-in/control stamp.
Technip Energies Qatar vessel-clad PO ₩7.53bn (~7.5% sales / ~5.3% mcap) — 10% advance
2026-09-30 15:30 KST: Wooyang HC (우양에이치씨, 101970, KOSDAQ) filed single sales/supply contract / voluntary (단일판매ㆍ공급계약체결(자율공시)). Content: VESSEL (CLAD LARGE) supply. Firm ₩7,525,128,480 (₩7.53bn / 75.3억; USD 5,539,700 @ 1,358.40). Recent sales ₩100,854,566,106 → 7.46% of sales. CP: TECHNIP ENERGIES FRANCE QATAR BRANCH (unrelated; same-type last 3y: yes). Region: Qatar. Period 2026-09-30 → 2027-12-31. Advance 10% / mid 85% / final 5%. In-house. Contract date 2026-09-30. Note: 1 of 2 firm contracts under 2026-04-28 Qatar NFW preferred-bidder / award notice. Amount/period may vary with progress. rcpNo 20260930900600 / dcmNo 11597051 confirmed on DART HTML viewer (우양에이치씨 matches). Live at enrich (Naver 101970 @2026-09-30 15:30 KST): last ₩9,560 (+2.58% vs prev ₩9,320); high ₩9,610 (+3.11%); vol ~2,346; mcap ≈ ₩141.4bn; face/mcap ≈ 5.3%.
What: Wooyang HC (우양에이치씨, 101970) signs Technip Energies France Qatar Branch vessel-clad PO ₩7.53bn = 7.46% of ₩100.9bn sales / ~5.3% of ~₩141bn mcap; 10% advance; through 2027-12-31; 1 of 2 under Apr-28 Qatar NFW award. Why UP: Named global EPC CP + advance + firm PO (not just preferred-bidder). Why 1-3%: Face ~5% mcap with advance; refuse 3-8% — known Apr award + multi-quarter delivery. Why p≈15%: Live +2.58% / high +3.11% already in band + near cash close / ADV ~2k → overnight thin leftover / don’t-chase.
Spin lamp unit → sell 100% to OPmobility SE (closes Dec-25 inquiry; EV undisclosed)
2026-09-30 15:30 KST: Hyundai Mobis (현대모비스, 012330, KOSPI) filed material report — company-split decision (주요사항보고서/회사분할결정). Simple physical spin (단순·물적분할) of automotive lamp business (head/rear/exterior body lamps; excl. Hyundai/Kia A/S parts supply) into unlisted Hyundai Mobis Lamp Co. (가칭). Surviving listed Mobis keeps other businesses; newco gets 100% of spun assets. Split date planned 2027-04-01. Board same day approved path to sell 100% of newco (incl. domestic lamp subs) plus overseas lamp ops to OPmobility SE after spin; SPA to follow board approval. No enterprise value / purchase price disclosed in this filing. Closes KRX Dec-26-2025 inquiry on OP Mobility lamp-sale rumor (final confirmation). Appraisal rights: ₩408,394/sh; walk-away if appraisal claims > ₩230bn. Max-holder % unchanged by spin structure. rcpNo 20260930000478 / dcmNo 11596982 confirmed on DART HTML viewer (현대모비스 matches). Live at enrich (Naver 012330 @2026-09-30 15:30 KST): last ₩367,000 (0.00% vs prev ₩367,000); high ₩373,500 (+1.77%); vol ~368,492; mcap ≈ ₩32.96tn.
What: Hyundai Mobis (현대모비스, 012330) boards physical spin of lamp unit into unlisted Hyundai Mobis Lamp (split ~2027-04-01) then sell 100% (+ overseas lamp ops) to OPmobility SE — closes Dec-25 inquiry; EV/price not in filing; appraisal ₩408,394 / walk-away ₩230bn. Why UP: Named strategic buyer + cash-unlock path on mega-cap (not a dead spin). Why 1-3%: ~₩33tn liquid name + rumor known since Dec-25 + no EV + close Apr-27 → confirmation tax only; refuse 3-8%. Why p≈20%: Live flat into cash close → overnight/next-open leftover only (same-session ≈0).
Private CB ₩5.8bn (~16% mcap / ~16.5% OS) @₩4,141 ATM — no refix; 1y convert lock
2026-09-30 15:30 KST: GeneSystem (진시스템, 363250, KOSDAQ) filed material report — convertible bond issuance decision (주요사항보고서/전환사채권발행결정). Series 1 unnamed interest-bearing unsecured private CB. Face ₩5,800,000,000 (₩5.8bn / 58억). Coupon 0.0% / YTM 6.0%; maturity 2029-10-08; maturity repay 119.5618%. Use: other funds ₩5.8bn (facility/ops/debt fields blank). Convert 100% @ ₩4,141/sh → 1,400,627 common = 16.46% of shares. Convert window 2027-10-08 → 2029-09-08 (1y lock from issue). No market-downside refix (최저 조정가액 blank). Put from 2028-10-08 quarterly; issuer call max 30% of face (₩1.74bn) from 2027-10-08–2028-10-08. Subscribe 2026-10-02; pay-in 2026-10-08 cash. Board 2026-09-30. rcpNo 20260930000411 / dcmNo 11596976 confirmed on DART HTML viewer (진시스템 matches). Live at enrich (Naver 363250 @2026-09-30 15:30 KST): last ₩4,180 (+0.84% vs prev ₩4,145); high ₩4,335 (+4.58%); vol ~5,019; mcap ≈ ₩35.6bn; face/mcap ≈ 16.3%; convert ≈ ATM vs spot.
What: GeneSystem (진시스템, 363250) boards private CB ₩5.8bn (~16.3% of ~₩35.6bn mcap / 16.46% OS) @₩4,141 ATM; 0%/6% YTM; pay-in 2026-10-08; no downside refix; 1y convert lock; put yr2; call ≤30%. Why MIXED: Near-term cash vs ATM 16% dilution overhang (Innotena/NBR class) — not clean UP. Why 3-8%: Size vs micro mcap justifies mid band; refuse 8%+ — no refix + 1y lock cut toxic gap risk. Why p≈22%: Live +0.84% / high +4.58% near flat into close → overnight/next-open leftover.
Vietnam sub stops appliance/machine/heavy/wheel lines ₩94.2bn (~8.8% sales / ~3.8% mcap) — ESS/semi/SOFC/DC pivot
2026-09-30 14:57 KST: Seojin System (서진시스템, 178320, KOSDAQ) filed other management matter / voluntary (기타경영사항(자율공시)/종속회사의주요경영사항). Subsidiary SEOJIN VIETNAM CO., LTD. will discontinue home-appliance · machine-tool · heavy-industry · wheel segments. Discontinued sales ₩94,158,000,000 (₩94.16bn / 941.6억) = 8.83% of parent consol. 2025 sales ₩1,066,331,000,000. Decision 2026-09-30. Reason: group portfolio reshape — reallocate plant/labor to ESS · semiconductor equipment · SOFC · data-center. Vietnam sub assets ₩1,195,779,234,861 = 51.85% of consol. assets ₩2,306,446,623,339. Major dependent sub: yes. rcpNo 20260930900491 / dcmNo 11596668 confirmed on DART HTML viewer (서진시스템 matches). Live at enrich (Naver 178320 @2026-09-30 14:57 KST, OPEN): last ₩38,600 (+4.47% vs prev ₩36,950); high ₩40,400 (+9.34%); open ₩37,450; vol ~2,274,052; listed 63,723,489; mcap ≈ ₩2,460bn (₩2.46tn); disc/mcap ≈ 3.8%.
What: Seojin System (서진시스템, 178320) Vietnam sub stops appliance/machine/heavy/wheel lines — ₩94.2bn = 8.83% of ₩1,066bn consol. sales / ~3.8% of ~₩2.46tn mcap; capacity → ESS/semi/SOFC/data-center; sub = 52% of consol. assets. Why MIXED: Sales leave vs theme reallocation — not a new PO. Why 1-3%: Face ~4% mcap + no cash in; refuse 3-8% drift (spike is theme beta). Why p≈15%: Live +4.47% / high +9.34% already cleared band → autopsy / don’t-chase.
Yeonggwang Nakwol offshore-wind install amend ₩17.6→28.4bn (~60% sales / ~104% mcap) — no advance
2026-09-30 14:45 KST: CN Plus (씨엔플러스, 115530, KOSDAQ) filed [amend] single sales/supply contract (단일판매ㆍ공급계약체결). Content: 364.8MW Yeonggwang Nakwol offshore-wind farm — transition-piece & topside install (영광낙월 해상풍력 트랜지션피스 및 상부구조물 설치공사). Amend reason: construction plan/schedule change → period & amount change. Firm face ₩17,578,181,818 → ₩28,376,363,636 (₩28.38bn / 283.8억; +₩10,798,181,818 incr). Recent sales ₩47,492,786,638 → 59.75% of sales (was 37.01%). CP: Samhae E&C (삼해이앤씨; unrelated; same-type contracts last 3y: yes). Region: Jeollanam-do Yeonggwang Nakwol waters. Period 2025-12-24 → 2026-12-31 (end was 2026-09-30). Advance: none; monthly progress-bill, pay ≤60d, cash 100%. Contract date original 2025-12-24. VAT excl. rcpNo 20260930900462 / dcmNo 11596632 confirmed on DART HTML viewer (씨엔플러스 matches). Live at enrich (Naver 115530 @2026-09-30 14:45 KST, OPEN): last ₩3,195 (+1.27% vs prev ₩3,155); high ₩3,250 (+3.01%); open ₩3,085; vol ~48,410; listed ~8,575,900; mcap ≈ ₩27.4bn (274억); face/mcap ≈ 103.6%; incr/mcap ≈ 39.4%.
What: CN Plus (씨엔플러스, 115530) amends Dec-24 Yeonggwang Nakwol 364.8MW offshore-wind TP/topsides install with Samhae E&C — firm face ₩17.6bn→₩28.4bn (+₩10.8bn); 59.75% of ₩47.5bn sales / ~104% of ~₩27.4bn mcap (incr ~39%); zero advance; end→2026-12-31. Why UP: Named offshore-wind backlog +61% face on micro mcap. Why 3-8%: Face≫mcap incr justifies size; refuse 8%+ — known Dec amend + zero advance + progress-bill (construction haircut); short residual (~3mo) keeps off 1-3%. Why p≈30%: Live +1.27% / high +3.01% at band floor → mid leftover / don’t-chase spike.
Samsung E&A Pyeongtaek piping-2 amend ₩40→80bn (~11% sales / ~34% mcap) — advance yes
2026-09-30 14:33 KST: Sebo MEC (세보엠이씨, 011560, KOSDAQ) filed [amend] single sales/supply contract (자율공시). Content: Pyeongtaek piping works 2 (평택 배관공사2). Amend reason: contract-amount change. Firm face ₩40,000,000,000 → ₩80,000,000,000 (₩80.0bn / 800억; +₩40.0bn incr). Recent sales ₩715,793,070,282 → 11.17% of sales (was 5.59%). CP: Samsung E&A (삼성이앤에이; unrelated; same-type contracts last 3y: yes). Region Korea. Period 2026-05-26 → 2027-12-31. Advance: yes (amount blank). Contract date original 2026-05-14. VAT excl. rcpNo 20260930900390 / dcmNo 11596585 confirmed on DART HTML viewer (세보엠이씨 matches). Live at enrich (Yahoo 011560.KQ @2026-09-30 14:33 KST): last ₩23,250 (+1.31% vs prev ₩22,950); high ₩23,750 (+3.49%); listed ~10,084,872; mcap ≈ ₩234.5bn; face/mcap ≈ 34.1%; incr/mcap ≈ 17.1%.
What: Sebo MEC (세보엠이씨, 011560) amends May-14 Pyeongtaek piping-2 with Samsung E&A — firm face ₩40.0bn→₩80.0bn (+₩40bn); 11.17% of ₩715.8bn sales / ~34% of ~₩234.5bn mcap (incr ~17%); advance yes; period through 2027-12-31. Why UP: Named Samsung E&A backlog double + advance. Why 3-8%: Size vs mcap + named CP + advance; refuse 8%+ — multi-year progress-bill + amend of known May deal. Why p≈28%: Live +1.31% / high +3.49% just touched band floor → mid-band leftover, don’t-chase spike.
Buyback trust ₩10.0bn (~1.85m sh / ~3.3% mcap) via Shinyoung — soft cancel intent
2026-09-30 13:50 KST: Nexen (넥센, 005720, KOSPI) filed a material report — treasury buyback trust contract decision (주요사항보고서/자기주식취득신탁계약체결결정). Contract amount ₩10,000,000,000 (₩10.0bn / 100억). Period 2026-09-30 → 2027-03-29. Purpose: share-price stability / shareholder value. Trustee/broker: Shinyoung Securities. Board 2026-09-30 (3 outside directors present). Planned common ~1,848,428 sh priced off prior close ₩5,410 (actual qty/price may vary). Pre-trust treasury: common 4,058,287 (7.2% incl. 3,063,100 EB-exchange shares) + preferred 180,000 (0.3%). Hold-after field blank; notes say shares will be used for cancel etc. shareholder-value actions via future board + separate disclosure. rcpNo 20260930000301 / dcmNo 11596430 confirmed on DART HTML viewer (넥센 matches). Live at enrich (Naver 005720 @2026-09-30 13:50 KST, OPEN): last ₩5,850 (+8.13% vs prev ₩5,410); high ₩6,090 (+12.57%); open ₩5,450; vol 59,400; listed 52,543,977; mcap ≈ ₩307.4bn; trust/mcap ≈ 3.3%; trust-shares/OS ≈ 3.5%.
What: Nexen (넥센, 005720) boards a ₩10.0bn Shinyoung buyback trust (~1.85m sh / ~3.3% of ₩307bn mcap / ~3.5% OS) through 2027-03-29; soft cancel-intent (future board for 소각). Why UP: Fresh cash bid + cancel-intent trust (Handsome/YM soft-cancel class), not hold-after/ESOP. Why 3-8%: ~3.3% mcap mid-cap with cancel language — refuse 1-3% hold-after cap and 8%+ until cancel dated/already-held. Why p≈12%: Live +8.13% / high +12.57% already cleared band → don’t-chase autopsy.
LGD Vietnam Haiphong display-equipment PO ₩6.79bn (~21% sales / ~27% mcap) — no advance
2026-09-30 11:50 KST: Shindo Kiyon (신도기연, 290520, KOSDAQ) filed a single sales/supply contract (단일판매ㆍ공급계약체결). Content: display manufacturing equipment. Firm amount ₩6,791,857,680 (₩6.79bn / 67.9억); conditional N/A. Recent sales ₩31,923,243,012 (2025 YE consol.) → 21.28% of sales. Counterparty: LG Display Vietnam Haiphong Co., Ltd (unrelated; same-type contracts in last 3y: yes). Region: Vietnam. Period 2026-09-29 → 2028-01-19 (delivery target 2027-01-20 + 1y warranty). Payment: no advance; 90% after shipment, 10% after inspection. In-house production. Contract date 2026-09-29. FX note: USD 4,994,013 @ 1,360.00 (2026-09-29). rcpNo 20260930000235 confirmed on KIND/DART viewer (신도기연 matches; DART portal RSS TLS-down this fire — body from KIND external HTML). Live at enrich (Naver 290520 @2026-09-30 11:50 KST, OPEN): last ₩1,575 (+0.32% vs prev ₩1,570); high ₩1,709 (+8.85%); open ₩1,611; vol 95,671; listed 15,736,164; mcap ≈ ₩247.8bn; face/mcap ≈ 27.4%.
What: Shindo Kiyon (신도기연, 290520) signed display-equipment supply to LG Display Vietnam Haiphong ₩6.79bn (~21.3% of ₩31.9bn sales / ~27.4% of ~₩24.8bn mcap); no advance; ship 90%/inspect 10%; delivery ~2027-01-20; repeat CP. Why UP: Named fab CP + size vs sales/mcap (Eco&Dream class). Why 3-8%: Refuse 8%+ — zero advance + repeat CP + cash on 2027 ship (not same-week). Why p≈12%: Live +0.32% / high +8.85% already tested band → don’t-chase.
Rehab plan authorized — related cancel + debt→equity + 4:1 reverse + Five Ocean ₩10bn
2026-09-30 11:38 KST: Samyung ENC (삼영이엔씨 / Samyung ENC Co., Ltd., 065570, KOSDAQ) filed rehab-plan authorization (회생계획인가) rcpNo 20260930900255 / dcmNo 11596070 — Busan Rehabilitation Court case 2025회합1094; decision 2026-09-29; confirmation received 2026-09-30. Plan economics (viewer): secured loans repaid 100% cash (post-commencement interest waived); other rehab claims ~83.92% debt-to-equity / ~16.08% cash (UKHO claim ~85.57% waive / ~14.43% cash). Equity path: (1) related-party preferential free cancel 2,516,344 sh = 80% of related-party 3,145,428 of pre-plan 16,093,838 OS (~15.64% OS; general shareholders not cancelled) — companion rcp 20260930000192 / dcm 11596148, effective ~2026-10-13; (2) debt→equity new common 12,707,565 @₩500 par (₩6.354bn face; no cash pay-in; purpose debt repayment; max-holder will change) — rcp 20260930000197 / dcm 11596155, effective ~2026-10-16; top allotments KB Securities 5.85m / KDB 3.64m / NH 1.95m / Intellian 0.34m / AM 0.17m; (3) 4:1 reverse merge on residual + conversion shares (~75% capital cut) — rcp 20260930000204 / dcm 11596159, effective ~2026-11-10; (4) Five Ocean (화이브오션) third-party cash 20,000,000 sh @₩500 = ₩10,000,000,000 (₩10.0bn / 100억), pay-in ~4 business days after reverse. New-share listing target ~2026-12-04 (may slip). Related prior: 2026-05-20 investment contract for rehab M&A; trading halt since 2025-02-12 (last close ₩764). rcpNos confirmed on DART HTML viewer (삼영이엔씨 matches). Live at enrich (Naver 065570 @2026-09-30 11:38 KST): HALTED; last/prev-close ₩764 (0.00%); mcap ≈ ₩12.3bn (123억); management stock (관리종목); listed ~16.09m pre-cancel.
What: Busan Rehab Court authorized Samyung ENC (삼영이엔씨, 065570) plan (2025회합1094) on 2026-09-29; received 2026-09-30. Package: related-party 80% free cancel 2.52m sh (~15.6% OS); debt→equity 12.71m sh @₩500 (no cash; max-holder change); 4:1 reverse merge; Five Ocean cash 20m sh @₩500 = ₩10.0bn (~81% of ₩12.3bn mcap). New listing ~2026-12-04. Why MIXED: Going-concern + ₩10bn sponsor cash vs creditor dilution + reverse + control flip (NC& class). Why 8%+: Halt→resume vol on micro mcap, not expected drift. Why p≈22%: Still halted (last ₩764); May 20 investment contract telegraphed; same-session leftover 0 — product is eventual resume/Dec listing, two-way.
Hold-after OM buyback ₩1.00bn (~714.8k sh / ~4.1% mcap) Oct 1–Dec 30 — no cancel
2026-09-30 11:20 KST: Yookil C&S (육일씨엔에쓰, 191410, KOSDAQ) filed a material report — treasury-stock acquisition decision (주요사항보고서/자기주식취득결정). Planned common 714,797 sh; planned amount ₩1,000,001,003 (₩1.00bn / 10.0억) priced off prior close ₩1,399. Period 2026-10-01 → 2026-12-30. Purpose: shareholder stability / shareholder value (주주안정 및 주주가치 제고). Method: open-market KOSDAQ direct buy. Broker: Shinhan Securities. Hold expected: ≥6 months after final acquisition (보유예상기간 최종취득일로부터 6개월 이상) — hold-after, NOT cancel-bound. Pre-buy treasury: common 1,334,816 (7.6%), preferred 786,710 (4.5%). Board 2026-09-30 (outside director 1 attend; audit attended). Daily order cap 71,479 sh. Issued common (form 1% bar): 15,510,100. rcpNo 20260930000163 / dcmNo 11596008 confirmed on DART HTML viewer (육일씨엔에쓰 / RYUK-IL C&S matches). Live at enrich (Naver 191410 @2026-09-30 11:20 KST, OPEN): last ₩1,560 (+11.51% vs prev ₩1,399); high ₩1,600 (+14.37%); vol 127,227; listed 15,510,100; mcap ≈ ₩24.2bn; buyback/mcap ≈ 4.1%; buyback-shares/OS ≈ 4.61%. Management stock (관리종목); investment-caution alert.
What: Yookil C&S (육일씨엔에쓰, 191410) boards a hold-after open-market buyback ₩1.00bn (~714.8k sh / ~4.1% of ₩24.2bn mcap / ~4.6% OS) Oct 1–Dec 30; hold ≥6 months after final buy — no cancel language. Why UP: Fresh cash bid / price-support (Clean & Science hold-after class), not ESOP trust. Why 1-3%: Hold-after / no-cancel → refuse 3-8%/8%+ (cancel-bound bands); ~4% mcap is real but not float-shrink. Why p≈12%: Live +11.51% / high +14.37% already blew past 1-3% → leftover autopsy/don’t-chase; buys start Oct 1.
Already-held treasury cancel 512,744 sh (~3.1% float / book ₩9.59bn)
2026-09-30 11:05 KST: Rayence (레이언스, 228850, KOSDAQ) filed a stock-cancellation decision (주식소각결정). Cancel already-held treasury common 512,744 shares (~3.09% of 16,591,014 shares outstanding); preferred N/A. After cancel, shares outstanding → 16,078,270. Par ₩500/share. Cancel book value ₩9,594,351,795 (₩9.59bn / 95.9억). Acquisition method: already-held treasury (기취득 자기주식); no new buyback window. Planned cancel date 2026-10-14 (may slip on regulator consult). Board 2026-09-30 (outside directors 2 attend / 1 absent; audit attended). Capitals unchanged under Commercial Act Art. 343(1) proviso; this filing substitutes for a treasury-disposal notice. rcpNo 20260930900218 / dcmNo 11595997 confirmed on DART HTML viewer (레이언스 matches). Live at enrich (Naver 228850 @2026-09-30 11:05 KST, OPEN): last ₩8,440 (+1.20% vs prev ₩8,340); high ₩8,750 (+4.92%); vol 95,947; listed 16,591,014; mcap ≈ ₩140.0bn; cancel-shares/float ≈ 3.09%; book/mcap ≈ 6.9%.
What: Rayence (레이언스, 228850) will cancel 512,744 already-held treasury common (~3.1% of shares / book ₩9.59bn ≈ 6.9% of ₩140bn mcap) on ~2026-10-14; permanent float shrink, no capital reduction. Why UP: Already-held treasury cancel (기취득 소각) permanently shrinks free float — Handsome/Inter-M mechanic, not ESOP/trust. Why 3-8%: ~3% share cancel on ~₩140bn KOSDAQ; refuse 8%+ (not ≥10% PlumbFast/KTis size) and refuse 1-3% under-band for permanent cancel. Why p≈28%: Live +1.20% / high +4.92% already mid-band then faded → leftover don’t-chase / grind remainder, not fresh spike.
Kumho Tire logistics-automation PO ₩72.0bn (~3.1% mcap / 18.3% sales; 20% advance)
2026-09-30 10:25 KST: Hyundai Movex (현대무벡스, 319400, KOSDAQ) filed a single sales/supply contract (단일판매ㆍ공급계약체결). Content: logistics-automation modules and robots supply. Firm amount ₩72,000,000,000 (₩72.0bn / 720억); conditional N/A. Recent sales ₩393,940,640,251 (2025 YE K-IFRS consol.) → 18.28% of sales. Counterparty: Kumho Tire (금호타이어; unrelated). Region: Hampyeong, Jeollanam-do new-plant site. Period 2026-09-29 → 2028-10-31. Payment: advance yes — 20% contract deposit; mid 20% commercial-order / 10% shop-assembly / 20% plant receipt / 20% commissioning; residual 10% after completion inspection. In-house and outsourced production. Contract date 2026-09-29. Notes: VAT excluded; amount/period may amend by mutual agreement. rcpNo 20260930900139 / dcmNo 11595840 confirmed on DART HTML viewer (현대무벡스 matches). Live at enrich (Naver 319400 @2026-09-30 10:25 KST, OPEN): last ₩20,700 (+1.47% vs prev ₩20,400); high ₩21,300 (+4.41%); vol 347,226; listed 111,376,039; mcap ≈ ₩2305.5bn; face/mcap ≈ 3.1%.
What: Hyundai Movex (현대무벡스, 319400) signed a firm ₩72.0bn logistics-automation modules/robots PO for Kumho Tire’s Hampyeong new plant (18.3% of 2025 consol. sales / ~3.1% of ₩2305bn mcap); 2026-09-29→2028-10-31; 20% advance (~₩14.4bn / ~0.6% mcap) then staged mids. Why UP: Named third-party tire-maker equipment order with real contract deposit — new backlog, not affiliate restatement. Why 1-3%: Face only ~3% of mid-cap mcap; refuse 3-8% (sales%≠band; ~2y drip). Why p≈16%: Live +1.47% / high +4.41% already cleared the 1-3% band → leftover autopsy/don’t-chase.
Battery-laser supply ₩8.224bn (~7.5% mcap / 14.5% sales; 30% advance) — unnamed CP; answers 11 Sep inquiry
2026-09-30 10:18 KST: AXBIS (액스비스, 0011A0, KOSDAQ) filed a single sales/supply contract (단일판매ㆍ공급계약체결). Content: laser system for prismatic secondary-battery manufacturing process. Firm amount ₩8,224,000,000 (₩8.224bn / 82.24억); conditional N/A. Recent sales ₩56,573,055,392 (2025 YE K-IFRS consol.) → 14.54% of sales. Counterparty withheld (secrecy hold to 2027-09-28; CP request). Region Korea. Period 2026-09-29 → 2027-09-28. Payment: advance 30% within 30 days of contract completion; mid 50% after material receipt/inspection (next month-end); final 20% after FAT (next month-end). In-house production. Contract date 2026-09-29. Notes: VAT excluded; may amend; this filing is the definitive answer to 2026-09-11 inquiry (현저한 시황변동) / provisional 2026-09-14. rcpNo 20260930900127 / dcmNo 11595788 confirmed on DART HTML viewer (액스비스 matches). Live at enrich (Naver 0011A0 @2026-09-30 10:18 KST, OPEN): last ₩11,820 (+1.46% vs prev ₩11,650); high ₩12,710 (+9.1%); vol 404,845; listed 9,333,740; mcap ≈ ₩110.3bn; face/mcap ≈ 7.5%.
What: AXBIS (액스비스, 0011A0, KOSDAQ) signed a firm ₩8.224bn laser-system supply for prismatic secondary-battery manufacturing (14.5% of 2025 consol. sales / ~7.5% of ₩110.3bn mcap); Korea; 2026-09-29→2027-09-28; pay 30/50/20 with 30% within 30 days of contract (~2.2% mcap cash); CP withheld (secrecy to 2027-09-28); definitive answer to 11 Sep inquiry. Why UP: Named battery-laser equipment PO with real near-term 30% advance on mid-teens % of sales. Why 3-8%: Face ~7–8% mcap + advance supports mid band; refuse 8%+ for unnamed CP + ~1y drip + inquiry already telegraphed mid-Sep. Why p≈18%: Live +1.46% / high +9.1% already tested top of band → leftover autopsy/don't-chase.
Fair disclosure: cancel-bound buyback program ₩140bn total (~6.8% mcap; includes today's ₩40bn) — residual ₩100bn soft / ≤1y
2026-09-30 08:36 KST: Cheil Worldwide (제일기획, 030000, KOSPI) filed a fair-disclosure / ad-hoc disclosure obligation notice (수시공시의무관련사항/공정공시). Title: treasury buyback and cancel plan. IR informs domestic/foreign investors and press that the company plans a NEW treasury acquisition AND cancel program — purpose shareholder/enterprise-value maximization; total size ₩140,000,000,000 (₩140bn / 1,400억) INCLUDING the ₩40bn board-resolved today; method: within 1 year after board resolution, split purchases, and full cancel of acquired shares. Residual detail for the uncommitted portion is to be set by future board resolutions and may change with market/ops conditions. Related disclosure: 2026-09-30 treasury acquisition decision. Contact IR 02-3780-3414. rcpNo 20260930800031 / dcmNo 11595543 confirmed on DART HTML viewer (제일기획 matches). Live at enrich (Naver 030000 @2026-09-30 08:35 KST, PREOPEN/HALTED): last/prev-close ₩17,880 (0.00%); listed 115,041,225; mcap ≈ ₩2056.9bn (₩2.06tn); program ₩140bn ≈6.8% of mcap; residual ₩100bn ≈4.9% of mcap (~5.59m sh @ ₩17,880); over unchanged. Companions already on desk: rcp 20260930800003 already-held cancel ~12% halt→09:30; rcp 20260930000006 OM buyback ₩40bn cancel-bound.
What: Pre-open fair disclosure expands Cheil's shareholder-return buyback to a ₩140bn cancel-bound program (~6.8% of ₩2.06tn mcap), of which today's ₩40bn board stamp is included — so ~₩100bn (~4.9% mcap) is still soft, to be boarded within ≤1 year with full cancel. Why UP: Incremental cancel-bound cash-bid intention on top of the hard ₩40bn OM + morning ~12% already-held cancel package — float-shrink framing for IR into the 09:30 resume. Why 1-3%: Residual is NOT board-detailed yet (explicit future-board / market-condition caveat) on a liquid Samsung-affiliate mid-cap — refuse 3-8%/8%+ off the soft ₩100bn; hard size stays on the two prior cards. Why p≈30%: Halted/flat so some unused package support into 09:30 remains, but this stamp is mostly IR packaging of known ₩40bn + soft forward guide → haircut vs 50%.
Cancel-bound open-market buyback ₩40.0bn (~2.24m sh / ~1.9% mcap) Oct 1–Dec 30 — companion to morning ≥10% already-held cancel
2026-09-30 08:26 KST: Cheil Worldwide (제일기획, 030000, KOSPI) filed a material report — treasury-stock acquisition decision (주요사항보고서/자기주식취득결정). Planned common: 2,237,136 sh priced off prior close ₩17,880; planned amount ₩40,000,000,000 (₩40.0bn / 400억). Period: 2026-10-01 → 2026-12-30. Purpose: shareholder value via acquisition AND cancel. Method: open-market KRX buy. Brokers: Samsung Securities, Shinhan Securities, KB Securities. Pre-buy treasury held: 13,762,500 common (12.0%) — same stack as morning cancel. Board: 2026-09-30; daily order cap 223,713 sh. Note: after acquisition complete, will cancel ALL acquired shares per shareholder-return policy. Company confirmed 주식회사 제일기획 / Cheil; ticker 030000 KOSPI. Companion already on desk: rcpNo 20260930800003 already-held treasury cancel 13.76m sh (~12% / ₩282.8bn book) with halt 07:53→09:30. rcpNo 20260930000006 / dcmNo 11595525 confirmed on DART HTML viewer. Live at enrich (Naver 030000 @2026-09-30 08:26 KST, PREOPEN/HALTED): last/prev-close ₩17,880 (0.00%); listed shares 115,041,225; mcap ≈ ₩2056.9bn (₩2.06tn); buyback ≈1.9% of mcap / ~1.9% of issued; over ₩17,880 unchanged.
What: Pre-open Cheil Worldwide adds a cancel-bound open-market buyback ₩40.0bn (~2.24m sh @ ₩17,880; ~1.9% of ₩2.06tn mcap) Oct 1–Dec 30; all acquired shares to be cancelled after completion — companion to this morning's already-held cancel 13.76m (~12%) halt→09:30. Why UP: Fresh cash bid + permanent float shrink (cancel-bound), stacking on the ≥10% already-held cancel package. Why 1-3%: This stamp alone is ~2% of mcap — KT&G / mega-midcap cancel-bound buyback grind, not another 8%+ (8%+ stays on the morning cancel card). Why p≈35%: Buys start Oct 1 (not same-session cash) so haircut vs default 50%; name is halted/flat so unused tape leftover remains into the 09:30 resume as package support, not a second 8%+ prior.
Already-held treasury cancel 13.76m sh (~12.0% of issued / ~12% of ₩2.06tn mcap) — halt 07:53→09:30; cancel date 15 Oct; book ₩282.8bn
2026-09-30 08:06 KST: Cheil Worldwide (제일기획, 030000, KOSPI) filed a treasury-stock cancellation decision (주식소각결정). Cancel: 13,762,500 common (no preferred). Issued shares (form): 115,041,225 common → cancel ≈11.96% of issued. Par ₩200. Cancel scheduled amount (book value at board date): ₩282,754,692,136 (₩282.75bn). Method: already-held treasury (기취득 자기주식); no new buyback window. Cancel date: 2026-10-15. Board: 2026-09-30 (2 outside directors present; auditor present). Notes: Art. 343(1) cancel within distributable profits — no reduction of legal capital; purpose enterprise-value / shareholder return; this disclosure also stands in for a treasury-disposal filing. Companion halt (rcpNo 20260930800004 / dcmNo 11595537): important-disclosure trading halt 2026-09-30 07:53 → resume 09:30 KST; reason stock-cancel ≥10% (KOSPI disclosure rule Art. 40). rcpNo 20260930800003 / dcmNo 11595539 confirmed on DART HTML viewer (제일기획 matches). Live at enrich (Naver/Daum 030000 @2026-09-30 08:06 KST, PREOPEN/HALTED): last/prev-close ₩17,880 (0.00%); listed shares 115,041,225; mcap ≈ ₩2056.9bn (₩2.06tn); cancel market value @spot ₩246.1bn (≈12.0% of mcap); prior-day volume ~176k sh.
What: Pre-open Cheil Worldwide will cancel 13.76m already-held treasury shares (~12.0% of 115.0m issued; book ₩282.8bn / ~12% of ₩2.06tn mcap) on 15 Oct; KRX halted the name 07:53→09:30 for a ≥10% cancel. Why UP: Permanent float shrink with no new cash out and no capital reduction — pure share-count cut framed as shareholder return (PlumbFast / SNT Motive / KTis already-held cancel class). Why 8%+: Crosses the KRX ≥10% cancel-halt threshold; refuse 1-3%/3-8% caps that fit ESOP trusts or small cancel-bound programs. Liquid Samsung-affiliate mid-cap can under-spike vs micro ADV, but size is 8%+ catalyst class. Why p≈50%: Clean halt→09:30 resume leftover (best window on the board); resume auctions are two-way so not a lock — leftover collapses after the single-price print.
Own Series-8 private CB resale — ₩11.5bn face to Yuanta for ₩16.41bn (proceeds 30 Sep); convert ₩3,136 / ~4.6% OS; not cancelled
2026-09-29 15:55 KST: Danal (다날, 064260, KOSDAQ) filed an own convertible-bond sale decision (자기전환사채매도결정) for Series 8 unnamed unsecured private CB (issued 2024-10-30; maturity 2029-10-30; original series face ₩35.0bn). Notes confirm this resells ₩11.5bn face of the ₩14.0bn face the company decided to early-acquire on 2026-09-18 via issuer call (취득금액 on the ₩14.0bn block ₩14.268bn). Buyer: Yuanta Securities (유안타증권; unrelated) for face ₩11.5bn. Sale amount ₩16,410,232,225 (₩16.41bn); proceeds receipt date 2026-09-30; purpose operating funds. Conversion: 100% ratio; convert price ₩3,136/sh → 3,667,091 common (~4.62% of shares per form); convert window 2025-10-30–2029-09-30. Structured settle: contract 2026-09-30–2027-09-30; P&L split after sale costs company 90% / buyer 10%. rcpNo 20260929900571 / dcmNo 11594494 confirmed on DART HTML viewer (다날 matches). Live at enrich (Naver/Daum 064260 @2026-09-29 15:55 KST, post-cash/AH): last ₩4,335 (−140 / −3.13% vs prev-close ₩4,475); session O/H/L ₩4,415 / ₩4,475 / ₩4,325; vol ~610k; listed shares 75,645,457; mcap ≈ ₩327.9bn; sale/mcap ≈ 5.0%; convert ITM vs spot (~+38%); high 0.0% vs prev-close.
What: After cash close Danal is reselling ₩11.5bn face of Series-8 private CB (the block it called in on 18 Sep) to Yuanta for ₩16.41bn cash due 30 Sep (~5.0% of live ₩328bn mcap), with convert still live at ₩3,136 into ~4.6% of shares. Why mixed: Near-term ops cash is real (proceeds tomorrow), but this is a resale not a KSD cancel — ITM overhang transfers to a securities firm, and the 90/10 one-year settle keeps most economics with Danal (financing/TRS-like, not clean extinguishment). Sep-18 early-acquire was the first shoe; live already −3.1% further cuts a clean UP. Why 1-3%: Refuse 3-8%/8%+ off the ~5% mcap cash print — overhang remains ITM, structure retains 90% P&L, and the call path was already disclosed 11 days earlier. Stamp MIXED 1-3% overnight confirmation (QuantaMatrix/own-CB cleanup class inverted: cash in, overhang stays). Why p≈20%: Stamp 15:55 is after regular cash close (NXT/AH thin); same-session cash leftover ≈ 0; product is overnight → next-open only at p≈20% (after-close CB class).
SK Hynix map
Korea line
000660 / SKHYNIX / xyz:SKHX
KR PREOPEN Tue 29 → cash 09:00 KST. Mon cash ₩1,768,000 (−94–95k / −5.05%; O/H/L 1,825k / 1,840k / 1,768k; vol 3,302,748) — Yahoo/Naver/Herald. Flows Mon: For −988,534 / Inst −274,871 / Ind +676,119; FO 49.94% (Herald value sell ₩1.73tn). Tue PREOPEN over ₩1,769,000 (+0.06%) — indication only. Samsung Mon ₩270,000 (−5.43%); over ₩267,500 (−0.93%). KOSPI Mon 6,889.74 (−2.70%). KIND/DART: no NEW 000660. data.krx shorts UNKNOWN. HL xyz:SKHX 1302.5.
ADR / FX / prem
SKHY / xyz:SKHY
SKHY Mon RTH $181.92 (−5.03%) vs Fri $191.56 (O/H/L 185.76 / 186.70 / 179.31; vol ~15.0M). Won Naver Hana 1,358.0 (−0.15%). Cross-session prem (Mon ADR vs Mon KRX parity) ≈ +39.73%. Mon KR narrative: US long yields + AI-DC delay fears + Solidigm IPO dilution talk (Herald). Do not invent a Tue gap from Yahoo alone. Paper Seoul vs Mon: watch auction vs flat over. HL xyz:SKHY 183.31; BN GEO-BLOCKED.
Best paper arb idea (Tue open): Mon foreign dump left cash −5% with Tue over only +0.06% while ADR prem still ~+40% and overnight Anthropic $518bn / NVDA buyback tape bid. Watch 09:00 auction reclaim vs fade, HL xyz:SKHY↔Mon ADR tightness, and whether foreign selling persists. Micron 30 Sep calendar. Research/paper only. Field: /workspace/desk-site/_pack/20260929-am/.
BN vs HL (Korea pair)
Live marks refreshed 2026-09-29 07:48 HKT / 2026-09-29 08:48 KST. BN fapi GEO-BLOCKED — BN−HL mark bp UNKNOWN. ADR/KRX cross-session prem ~+39.73%. Research/paper only.
HL xyz dex OK: xyz:SKHY mark 183.31 / fund 6.25e-06. xyz:SKHX mark 1302.5 / fund 6.25e-06. Rates move; paper only.
BN: fapi SKHYUSDT/SKHYNIXUSDT restricted-location (451). No BN marks this fire.
Paper only. No fills. No live bots. Caveat: without BN, spread/arb watch is HL↔ADR only.
US / AJ
Standing board. Overnight X: NVDA +$150bn buyback (AJ up); Anthropic $518bn 2027 infra; Samsung 2nm yield ~60%. Mon SKHY $181.92 (−5.03%). TSLA caution stack (Xpeng FSD PRIOR) unchanged. No brand-new Y ticker.
| Ticker | Follow | Note |
|---|---|---|
| AVGO | Y | Live. Standing Y. Unchanged. |
| NIO | Y caution | China concentration. Unchanged. |
| EOS | Y avoid | Still avoid. |
| NVDA | Y | Live / HC. AJ +$150bn buyback confirm + Anthropic $518bn 2027 infra — constructive US-hours color; Huang Van Fleet Korea award soft. |
| MRVL | Y | Unchanged. |
| MU | Y | Micron earnings 30 Sep is the week's memory calendar — more salient after Mon KR memory dump. |
| XPEV | Y | Standing Y. PRIOR Xpeng FSD pace vs Tesla. |
| META | booked | Enterprise Platform PRIOR = color only. |
| AMD | Y | TSMC 2nm / foundry color intact. |
| LITE | Y | Standing Y. Paper until memo body checked. |
| ORCL | Y | Wait sleeve. Unchanged (DC-delay narrative was part of Mon KR sell color). |
| PLTR / AAPL | N / event | Unchanged. |
| EOSE | avoid | AJ red flags |
| TSLA | caution | Xpeng FSD pace PRIOR + EU share ATL — caution stack intact; Samsung 2nm→Tesla supply note is foundry color not a TSLA Y. |
| SPCX | watch | Watch, not a Y. |
| RIVN | N | Skip. |
| DELL | watch title | Not a Y. |
| INTC | color | Still not an AJ Y (jukan 2nm note mentions Intel 18A as peer, not a buy). |
2026-09-29 07:48 HKT / 2026-09-29 08:48 KST. No brand-new Y ticker. Paper.
Korea / KRX
PREOPEN → OPEN 09:00 KST — Tue 29 Sep 2026. Attractive list EMPTY besides Hynix desk (Mon foreign ₩3.24tn KOSPI sell / chip −5% leaves no fresh long sleeve). Mon cash: KOSPI 6,889.74 (−2.70%); 000660 ₩1,768,000 (−5.05%); 005930 ₩270,000 (−5.43%). Tue over 000660 ₩1,769,000 (+0.06%) / 005930 ₩267,500 (−0.93%). Won 1,358. SKHY Mon $181.92; prem ≈ +39.73%. HSI Mon 24,642.51 (+0.54%). No 000660 DART keep. data.krx missing.
DART live pack (≥Mon 28 15:40 KST): 6 keeps — Cellbion / Gabia / MOA Life Plus (overnight) + Dongwha / TKG Huchems / Digi.I (Mon after-close). Into Tue auction leftover mainly on overnight three.
X · priority
2026-09-30 13:39 HKT / 2026-09-30 14:39 KST · Home unavailable. Sentiment mixed, medium. Afternoon since 07:52 HKT: n_new=1. Showing NEW + demoted morning NEW + key PRIOR.
Jukan RT: $LITE OCS setup — Street models whole co ~$9.6B rev / ~$3.4B NI FY28; his work says OCS alone can do $10B+ rev / ~$3B profit by 2028 (+$GOOGL).
Implication: Constructive LITE (Y-list) optical/OCS upside vs Street — stacks on PRIOR NVDA CPO / Spectrum-X path; soft for AVGO-path optics too. Not a KR cash print.
PRIOR (AM): AJ — Oracle +8% in <24h after member buy flag; HC; ORCL now 4th-largest position again (avg $132.2).
Implication: Constructive ORCL tape vs standing Wait sleeve — AJ capital deployed; pairs with Anthropic/AI-infra stack.
PRIOR (AM): Jukan flags The Information — Anthropic discloses $84.5bn SpaceX compute agreements.
Implication: Large constructive AI-compute / SpaceX-adjacency demand signal — stacks on $518bn 2027 infra PRIOR and NVDA/TSM/000660 demand narrative.
PRIOR (AM): Zephyr — Vera is a decent headnode CPU, but AMD or Intel completely destroy on RL/agent sandboxes.
Implication: Soft constructive AMD (Y-list) / INTC color vs Nvidia Vera headnode framing — CPU-server breadth for agent training; not HBM core.
PRIOR (eve): Zephyr QT of ARR-decel note — Opus 5.5 and Sonnet 5.5 will change this; Anthropic is accelerating again.
Implication: Constructive AI-lab demand pushback vs TickerTrends ARR slowdown — reinforced by overnight $84.5bn SpaceX compute disclose.
PRIOR (eve): TSMC looking to build six additional advanced fabs in Texas; investment potentially exceeding Arizona.
Implication: Constructive TSM / US foundry-capex color — on-shoring beyond AZ.
PRIOR (PM): Nvidia CPO scale-out faster than expected; Spectrum-X CPO mass production; shipment path 15k→100k (4Q26→2027). Likes LITE/AVGO-path names.
Implication: Constructive NVDA optical/CPO + LITE (Y-list) — now reinforced by afternoon OCS NEW.
PRIOR (PM): SEMCO (009150) MLCC+inductor supply ₩285bn (~2.5% rev) to major global buyer; delivery 2027.
Implication: Constructive SEMCO/components — pairs with FC-BGA capex stack.
PRIOR (AM Tue): Samsung Foundry 2nm yield ~60%; focus shifting to perf/W / SF2P; Tesla supply framed as springboard.
Implication: Constructive 005930 Foundry narrative into Wed session.
PRIOR (AM Tue): Anthropic to spend $518bn on cloud/infrastructure in 2027.
Implication: Still large constructive AI-capex signal — stacked with $84.5bn SpaceX compute PRIOR.
PRIOR (AM Tue): AJ — Nvidia +$150bn buyback; largest in the market.
Implication: Constructive NVDA capital-return on Y-list NVDA.
PRIOR (Mon AM): TSMC 2nm bookings up 10–20%; wafer capacity pull-forward to ~120k/mo by YE26.
Implication: Lead constructive TSM/AI foundry signal.
X · tape
Method: afternoon fxtwitter public API (no computerUse). Cutoff for NEW: after 2026-09-30 07:52 HKT. Priority: @alojoh @citrini @zephyr_z9 @jukan05 @BowTiedBull. priority_scrape.cutoff now 2026-09-30 13:39 HKT.