Daily brief
Morning report — Fri 23 Oct 2026 ~07:47 HKT / 08:47 KST (research/paper)
Research/paper only. No live orders or recommendations. KRX opens 09:00 KST (08:00 HKT); pack written pre-open. Age cut: news Thu 22 + Fri 23 only; DART ≥ Thu 22 Oct 15:40 KST.
today Thu Asia risk-off — chips + HK tech smashed; Fri pre-open Solidigm Pre-IPO stop on 000660. Thu cash: KOSPI 5,533.77 (−3.52%), Samsung ₩214,500 (−4.03%), SK hynix ₩1,223,000 (−5.49%) (vs Wed ₩1,294,000); foreign hold ~48.77%. HK: HSI 22,934.68 (−3.03%), HSTECH 3,793.93 (−5.03%); Zhipu HK$460.80 (−7.10%), MiniMax HK$160.70 (−6.52%, below IPO). SKHY Thu RTH $131.69 (−8.07%); same-session prem ~+42.7%. BoK hawkish hold 3.00%. Fri DART KEEP×5 (incl 000660 Solidigm MIXED + iFamilySC UP) already forwarded overnight.
watchlists US AJ: NEW rows 0. Standing Y: AVGO, MU, MRVL, NVDA (HC), XPEV, META, AMD. Wait ORCL; Caution TSLA, NIO (TSLA Caution reinforced — HC Tesla report + naive-investor / Optimus delay stack; Outlook Tesla Post Q3 memo); Watch SPCX; Avoid EOSE, EOS; N PLTR, AAPL, RIVN, SNDK. Korea attractive: EMPTY (Finance MCP needsAuth). Hardcore unread. NVDA Thu $212.21 (−4.40%). Outlook trade-alerts app-teaser only.
asia news 7 items (a 2 / b 4 / c 1). MiniMax below IPO + Zhipu smash; KOSPI −3.52% / Samsung+Hynix / HSI−HSTECH; Solidigm Pre-IPO stop; BoK hawkish hold.
X Priority authors via X MCP: n_new=11 since Thu eve ~20:10 HKT. Sentiment mixed / medium leaning risk-off (Thu Asia smash + TSLA Caution stack): AJ Tesla HC report + Optimus delay; Citrini alcohol $DEO/$STZ + AI-crowding; Zephyr TSMC SPR A16 + High-NA/3D DRAM; Jukan Solidigm cancel/official; BowTiedBull AI-Fed put. Home unavailable; hardcore unread.
DART 4 keep after age cut (floor Thu 15:40 KST): iFamilySC 114840 UP 8%+; SK hynix 000660 MIXED 1-3%; Sconec 276040 MIXED 8%+; LF 093050 UP 1-3%. 000660 filing YES (Solidigm Pre-IPO stop MIXED 1-3%). Last watch scan 2026-10-23 11:16 KST; tip 20261023000364. ping_needed=false (keeps already forwarded to DART bot).
funding BN vs HL (07:44 HKT): BTC -0.84 / ETH +4.95 / SOL +4.03; SKHY +14.50 bp, SKHYNIX/SKHX +31.10 bp. HL SKHY/SKHX mark−oracle (+8.4 / -32.1 bp). Next BN 08:00 HKT. Paper only.
HYROX Warsaw HYROX: OPEN since Wed 14 Oct (PL onSale; last_pinged_id pl-page-onsale-2026-10-14). Outlook: HK Youngstars / Hanoi / HK Relay only — no new Warsaw OPEN/sold-out. ping_needed=false.
Asia news tape
Friday age cut: Thu 22 + Fri 23 only · n=7 (a 2 / b 4 / c 1) · refreshed 2026-10-23 07:47 HKT / 2026-10-23 08:47 KST. Rank a = China AI / HK; b = SK hynix/Samsung/KOSPI/HSI; c = other macro.
Session context: Fri 23 Oct pre-open (~07:47 HKT / 08:47 KST): KRX cash opens 09:00 KST. Thu 22 cash: KOSPI 5,533.77 (−3.52%), Samsung ₩214,500 (−4.03%), 000660 ₩1,223,000 (−5.49%); Yahoo FX ~1,325.34. SKHY Thu RTH $131.69 (−8.07%). HK Thu: HSI 22,934.68 (−3.03%); HSTECH 3,793.93 (−5.03%); Zhipu 460.80 (−7.10%); MiniMax 160.70 (−6.52%, below IPO).
rank aCaixin Global · Yahoo 0100.HK · 2026-10-22 close · Caixin 23 Oct wire
MiniMax-W 0100.HK −6.52% to HK$160.7 — below IPO price amid AI sector sell-off
Caixin (23 Oct): MiniMax shares fell 88% from HK$1,330 March peak to HK$160.7, below IPO price, amid AI pricing competition; no new flagship text model in 4+ months after M3; M3.1 Flash cut usage. Yahoo official Thu close: MiniMax-W HK$160.70 (−6.52% vs Wed 171.90; range 158.10–172.20).
Implication: a-rank China AI / HK: MiniMax breaks IPO floor on AI-pricing + product-gap colour — idiosyncratic HK AI wash into Fri, soft for China AI IPO optics and HSTECH adjacency.
www.caixinglobal.com/2026-10-23/minimax-shares-fall-below-ipo-price-amid
rank aYahoo 2513.HK · Caixin (Zhipu comps) · 2026-10-22 close
Zhipu 2513.HK −7.10% to HK$460.80 — China AI names smash with MiniMax
Yahoo official Thu close: Zhipu (02513) HK$460.80 (−7.10% vs Wed 496.00; range 447.00–501.50). Caixin notes MiniMax gross margin 17.9% trails Zhipu AI 26.4% — same-session China AI sell-off tape.
Implication: a-rank with MiniMax: HK China-AI beta washed hard Thu after Wed rebound. Soft into Fri HSTECH / China AI sentiment — not a Korea same-session print.
finance.yahoo.com/quote/2513.HK/
rank bYonhap EN · MoneyToday EN · 2026-10-22 15:33–16:29 KST
KOSPI −3.52% to 5,533.77 — chip profit-taking + Meta FCF / CapEx guidance hole
Yonhap EN Thu: KOSPI −201.8 / −3.52% to 5,533.77 (open −1.14%, briefly + to ~5,740 then sold). MoneyToday EN: retail +₩1.363tn; institutions −₩683.3bn; foreign −₩399.1bn. Catalysts: Wed bounce profit-taking, Meta Q3 FCF −$2.12bn + no 2027 CapEx guide, BoK hawkish hold, buyback-support fade (Hynix ₩40tn buyback ended Wed).
Implication: Core b-rank: one-day giveback of Wed +3.29%. Durability of AI CapEx doubt into Fri auction — watch foreign follow-through. Paper only.
en.yna.co.kr/view/AEN20261022008000320
rank bYonhap EN / Infomax · MoneyToday EN · 2026-10-22 close
Samsung ₩214,500 (−4.03%) / SK hynix ₩1,223,000 (−5.49%) — AI ROI doubts + Solidigm overhang colour
Yonhap/MoneyToday Thu official closes: Samsung ₩214,500 (−9,000 / −4.03%); SK hynix ₩1,223,000 (−71,000 / −5.49%) vs Wed ₩1,294,000. Yonhap feature: foreign net −₩1,251bn Samsung / +₩457bn Hynix; institutions −₩856bn Samsung / −₩2,643bn Hynix. Solidigm listing-dispute colour cited into close; Fri pre-open DART confirms Solidigm Pre-IPO review stopped.
Implication: Chip beta reverse of Wed bounce. Hynix desk: official Thu ₩1,223,000; same-session ADR prem still ~+43%. Solidigm stop is MIXED 1-3% keep on DART — see Hynix section. Paper only.
www.mt.co.kr/en/stock/2026/10/22/2026102215284130533
rank bXinhua · 2026-10-22 17:08 HKT
HSI −3.03% to 22,934.68; HSTECH −5.03% to 3,793.93
Xinhua Thu: Hang Seng Index −3.03% to 22,934.68; HSCEI −3.2% to 7,689.19; Hang Seng Tech −5.03% to 3,793.93. Confirms broad HK tech wash alongside Seoul chips.
Implication: Seoul + HK tech sold together Thu — Asia risk-off into Fri (vs Wed Seoul bounce / HK soft divergence). b-rank.
english.news.cn/20261022/e7bffeef99274a7d80ddd87daed22f18/c.html
rank bDART · Jukan X · prior MK colour · 2026-10-23 07:33 KST
SK hynix stops Solidigm Pre-IPO/IPO review — Fri DART clarification (rcp 20261023800002)
Fri 07:33 KST DART: SK hynix clarifies Aug 5 ~₩5tn Solidigm Pre-IPO rumor process has ended — reviewing Pre-IPO and IPO for Solidigm stopped. Jukan overnight: KR media cancel plans + official statement quote. Desk KEEP MIXED 1-3% p≈30% (already forwarded to DART bot).
Implication: b-rank Hynix/NAND: kills Solidigm dilution overhang (mild +) but removes external US NAND growth capital path (mild −). Mega-cap confirmation of chewed rumor — muted auction leftover expected. See Hynix + DART boards.
dart.fss.or.kr/dsaf001/main.do?rcpNo=20261023800002
rank cYonhap EN · Bank of Korea · 2026-10-22
BoK holds base rate at 3.00% — hawkish pause after two hikes
Yonhap EN / BoK Thu: Monetary Policy Board held key rate at 3.00% after July–Aug hikes. Governor signalled tight stance can continue as growth/inflation look stronger than Aug outlook; 'additional hike timing/pace' language retained (hawkish hold).
Implication: c-rank Korea macro: hawkish freeze adds KR rates colour under Thu KOSPI smash — not a single-name cash print. Paper only.
en.yna.co.kr/view/AEN20261022001352320
Gaps: Yonhap EN economy RSS still flaky — used Yonhap EN article URLs + MoneyToday EN + Xinhua + Caixin. HKET EN thin/blocked; SCMP paywalled — skipped. KED Global homepage OK but EN article depth thin for Thu smash. Finance MCP needsAuth — Korea attractive EMPTY (no invented Markets promotion). @alojohhardcore unread (protected; no browser). Home/Following unavailable (no computerUse). Naver dealTrend/program/shorts JSON blocked — Hynix flows from Yonhap won amounts only. BN next funding 08:00 HKT may print after ~07:44 snap.
X · priority
2026-10-23 07:47 HKT / 2026-10-23 08:47 KST · priority authors (@alojoh @citrini @zephyr_z9 @jukan05 @BowTiedBull) · NEW since Thu eve ~2026-10-22 20:10 HKT: n_new=11 (X MCP). Thu-eve NEW → PRIOR. Sentiment mixed / medium leaning risk-off (Thu Asia smash + TSLA Caution). Home unavailable. Hardcore unread.
down@alojoh · 2026-10-23 00:39 HKT · NEW
AJ: Tesla HC full research report now available — 'We've crunched Tesla's numbers, modeled management's latest guidance…'
Implication: TSLA Caution reinforced (HC report drop). Public X only — no Avoid upgrade invented. Hardcore unread for sleeve detail.
x.com/alojoh/status/2113309237032145291
down@alojoh · 2026-10-23 00:45 HKT · NEW
AJ quotes Tesla-fanboy critique: 'He nails it. That's exactly what's going on with many Tesla investors… so naive'
Implication: TSLA Caution colour overnight — naive-investor thesis. Standing Caution only; hardcore unread.
x.com/alojoh/status/2113310845413286103
down@alojoh · 2026-10-23 01:25 HKT · NEW
AJ on Optimus: 'It already started. It's already delayed relative to Elon initial guidance.'
Implication: TSLA Caution / Optimus delivery-slip colour. Same overnight Caution stack (456× LTM / SBC / HC report already PRIOR from Thu eve).
x.com/alojoh/status/2113320862845903335
up@citrini · 2026-10-23 05:50 HKT · NEW
Citrini: 'Bull market tech utopia → bear dystopian pessimism is perhaps the final ingredient for a durable rebound in alcohol… Long $DEO $STZ $BF.B'
Implication: UP colour for alcohol defensives ($DEO/$STZ/$BF.B) on AI/tech risk-off mood. US single-name; not AJ sleeve. Paper only.
x.com/citrini/status/2113387429113499895
mixed@citrini · 2026-10-23 02:48 HKT · NEW
Citrini: 80k new AI-trade 'experts' minted in 8 months vs old fintwit still generating alpha in corners of the market.
Implication: MIXED AI-crowding / late-cycle participation colour — soft for crowded AI beta optics. Not a cash print.
x.com/citrini/status/2113341819190682042
mixed@citrini · 2026-10-23 04:00 HKT · NEW
Citrini: 'Avoid Okta catching a stray in a convo about cybersecurity Challenge (Difficulty Level: Impossible)'
Implication: MIXED/colour on $OKTA as cyber scapegoat risk. US single-name; not AJ sleeve.
x.com/citrini/status/2113359848318362027
up@zephyr_z9 · 2026-10-23 01:12 HKT · NEW
Zephyr: TSMC will introduce backside-power Super Power Rail (SPR) on A16 (risk production soon) — more advanced than Intel PowerVia (direct transistor connect).
Implication: UP foundry-tech colour for TSMC A16 SPR vs Intel PowerVia. Soft constructive for advanced-logic / packaging adjacency; not Korea cash.
x.com/zephyr_z9/status/2113317573433622811
mixed@zephyr_z9 · 2026-10-23 06:03 HKT · NEW
Zephyr on High-NA for DRAM: adoption also depends on 3D DRAM timelines — memory won't sink High-NA capex if 3D DRAM by 2031–32.
Implication: MIXED memory roadmap: High-NA vs 3D DRAM sequencing — dampens near-term High-NA DRAM spend read. Colour on Hynix/Samsung adjacency.
x.com/zephyr_z9/status/2113390893474725959
mixed@jukan05 · 2026-10-23 05:33 HKT · NEW
Jukan: 'SOUTH KOREAN MEDIA: SK HYNIX CANCELS PLANS TO LIST SOLIDIGM ON NASDAQ; ANNOUNCEMENT EXPECTED SOON'
Implication: MIXED Hynix/NAND — media cancel colour overnight; confirmed by Fri 07:33 KST DART KEEP (Solidigm Pre-IPO stop). See DART/Hynix.
x.com/jukan05/status/2113383373259633004
mixed@jukan05 · 2026-10-23 06:34 HKT · NEW
Jukan quotes SK hynix official: Solidigm explored financing to expand capacity but, considering capital-market conditions, has [stopped Pre-IPO path].
Implication: MIXED — official statement matches Fri DART clarification. Dilution overhang off / external NAND capital path off. Paper only.
x.com/jukan05/status/2113398728979796169
mixed@BowTiedBull · 2026-10-23 05:22 HKT · NEW
BowTiedBull: if AI trade collapses Fed forced to cut 100–150bps — 'No chance they can allow AI failure' (national-security framing).
Implication: MIXED macro/AI-policy put colour. Not a sleeve. Light keep for risk-regime framing into Fri.
x.com/BowTiedBull/status/2113380458784608735
down@alojoh · 2026-10-22 20:10 HKT · PRIOR
PRIOR (Thu eve): AJ: Unlike Tesla shareholders, management/employees get rich — SBC more than doubled in first 9 months of 2026.
Implication: TSLA Caution reinforced — dilution/comp optics vs shareholder returns. No Avoid upgrade on public X. Hardcore unread. Paper only.
x.com/alojoh/status/2113241489740562586
down@alojoh · 2026-10-22 20:02 HKT · PRIOR
PRIOR (Thu eve): AJ: Tesla trading at 456× LTM earnings — by far most expensive large company in the global stock market.
Implication: TSLA Caution — valuation extreme vs large-cap peers. Standing Caution only; paper only.
x.com/alojoh/status/2113239469788639448
down@alojoh · 2026-10-22 19:24 HKT · PRIOR
PRIOR (Thu eve): AJ: Q3 2026 OpEx hit a record 17.0% of total revenue — never less efficient since startup days.
Implication: TSLA Caution — cost/efficiency deterioration colour into US hours. Paper only.
x.com/alojoh/status/2113230034622353735
down@alojoh · 2026-10-22 19:10 HKT · PRIOR
PRIOR (Thu eve): AJ: Q3 op. margin 1.8% adj. for $200m gov't goodies/true-downs vs NVIDIA ~66%; if NVDA valued like TSLA → >$50T; if TSLA at NVDA multiple → <$50/share.
Implication: TSLA Caution — margin/valuation gap vs NVDA hardware comps. Reinforces standing Caution. Paper only.
x.com/alojoh/status/2113226595334865105
down@alojoh · 2026-10-22 18:57 HKT · PRIOR
PRIOR (Thu eve): AJ: Optimus miss — Jan 2025 'thousands in factories by end-2025' vs yesterday's production lecture + issues 'solved around end of [2027]'.
Implication: TSLA Caution — Optimus timeline overpromise colour. Same Elmo/production-miss thread as afternoon. Paper only.
x.com/alojoh/status/2113223138733441403
down@alojoh · 2026-10-22 18:43 HKT · PRIOR
PRIOR (Thu eve): AJ: Elon's prior 'finishing touches' on Optimus vs yesterday's comments — 'If you don't call this a liar, I don't know what is.'
Implication: TSLA Caution — credibility/roadmap colour. No Avoid on public X. Hardcore unread.
x.com/alojoh/status/2113219734619713658
up@jukan05 · 2026-10-22 17:52 HKT · PRIOR
PRIOR: Jukan/DigiTimes: Apple raised iPhone Duo shipments +44% to 14 million units. $AAPL
Implication: UP colour for $AAPL hardware demand / foldable or Duo ramp narrative. US single-name; not Korea cash. Paper only.
x.com/jukan05/status/2113206733061624159
mixed@zephyr_z9 · 2026-10-22 16:08 HKT · PRIOR
PRIOR: Zephyr RT ChrisGPT: Kimi k3.1 (Kibitz) OSS release before Tue — SOTA open model at low cost (Minecraft Arena cost vs GPT6 ASTRA).
Implication: MIXED China/open-model competitive colour — efficiency/cost narrative continues. Soft for closed inference moat optics. Paper only.
x.com/zephyr_z9/status/2113180689860608092
up@jukan05 · 2026-10-22 15:43 HKT · PRIOR
PRIOR: Jukan/MK: Samsung Electro-Mechanics received advance payments $830m from Tesla + $2bn from NVIDIA to expand ABF substrate capacity (2028 ramp / 2029+ supply).
Implication: UP for SEMCO (009150) ABF substrate — confirms Wed NVDA capacity-grab colour with named advance payments (~₩3.7tn per MK). Constructive KR AI-infra into Fri open; not a same-session DART cash print. Paper only.
x.com/jukan05/status/2113174295660974151
down@alojoh · 2026-10-22 12:37 HKT · PRIOR
PRIOR (Thu aft): AJ: Tesla cut disclosed Shanghai Megapack capacity 40→20 GWh; Chinese competitors ~half price; slowdown warned.
Implication: TSLA Caution reinforced (energy storage growth/competition). No Avoid upgrade on public X. Hardcore unread. Paper only.
x.com/alojoh/status/2113127472594030614
up@citrini · 2026-10-22 12:27 HKT · PRIOR
PRIOR (Thu aft): Citrini: 'find bad vulnerabilities in stock market'.
Implication: UP colour for cyber / vuln-research narrative (pairs with php2shell worry). Not Korea cash. Paper only.
x.com/citrini/status/2113125127168634977
mixed@alojoh · 2026-10-22 12:22 HKT · PRIOR
PRIOR (Thu aft): AJ: Across FSD fleet, FSD active in ~60% of miles driven.
Implication: MIXED FSD utilization colour — engagement vs attach gap (see 1-in-10 signup). Standing TSLA Caution only.
x.com/alojoh/status/2113123808445923433
Dropped: alojoh Talarico / culture / one-word True replies (no ticker thesis); alojoh Thu eve 456× LTM / SBC doubled / OpEx 17% / Optimus lies — already PRIOR in Thu eve pack; citrini pawn-shop / AAOI short-banter / dentist replies — skip culture; zephyr_z9 micro-drama / RT hardware-vuln — skip; BowTiedBull lifestyle / mediocre-guy / operating-margins small-biz — skip culture/personal; @alojohhardcore unread (protected); Home/Following unavailable (no computerUse). Pruned from feed (pre-Thu): 0 ids.
DART · material KR
Last-updated 2026-10-23 11:27 KST (Asia/Seoul) · KEEP×9: Hansol Iones 114810 MIXED 8%+ · Daehan Science 131220 UP 3-8% · Samil Enterprise 002290 UP 1-3% · Bukwang Pharm 003000 MIXED 1-3% · Noul 376930 MIXED 8%+ · iFamilySC 114840 UP 8%+ · SK hynix 000660 MIXED 1-3% · Sconec 276040 MIXED 8%+ · LF 093050 UP 1-3%
Age window ≥ 2026-10-22 15:40 KST · 9 keep · last scan 2026-10-23 11:27 KST · tip_by_time 20261023000377 @ 11:21 / tip_by_rcp 20261023000377 · 000660 filing YES (Solidigm Pre-IPO stop) · ping_needed=true · KEEP×2 this scan (Hansol Iones 114810 MIXED 8%+; Daehan Science 131220 UP 3-8%)
mixed 8%+Hansol Iones 114810 · KOSDAQ · 2026-10-23 11:18 KST · p≈12%
Rights ₩60.00bn (~23% OS / ~19% mcap) @ planned ₩9,120 · + Ochang capex ₩126.0bn · Q3 OP ₩12.4bn +32% YoY/+89% QoQ
Fri 23 Oct 11:18 KST live: Hansol Iones (한솔아이원스, 114810, KOSDAQ) same-morning package — (1) rights 6.579m new common (~23.4% of 28.14m OS) at planned ₩9,120 → ₩60.00bn facility funds (shareholder rights then residual public; record 14 Dec; pay-in 29 Jan 2027); (2) companion Ochang plant capex ₩126.0bn (~41% of ~₩309bn mcap / 59.9% equity) through Feb 2028 for semiconductor capacity; (3) Q3 consol prelim sales ₩65.0bn (+26.9% YoY/+20.9% QoQ), OP ₩12.4bn (+32.0% YoY/+88.7% QoQ), NI ₩9.7bn (+50.6% YoY). MIXED: Q3 OP surge and growth plant are constructive, but ~23% OS / ~19% mcap rights at ~17% planned discount to spot is a heavy dilution overhang with cash only in Jan 2027 (Doosan same-day package: absorb all three). 8%+: dilution % OS and face/mcap clear shock band on thin KOSDAQ — two-way vol, not clean UP. p≈12%: Naver ₩10,990 / -7.9% (H ₩12,600 / L ₩10,890) already voted the downside of the band — leftover-p-is-tape / don’t-chase.
Why: Q3 OP surge + growth plant constructive vs ~23% OS rights dilution overhang with pay-in Jan 2027 → MIXED package, not clean UP. ~23% OS / ~19% mcap rights + ~41% mcap capex on thin KOSDAQ clear 8%+ two-way shock band (Doosan same-day absorb). Live already -7.9% after H +5.6% → downside of band spent; leftover p≈12% don’t-chase.
DART
· KIND
· desk
up 3-8%Daehan Science 131220 · KOSDAQ · 2026-10-23 11:18 KST · p≈14%
QC equipment supply ₩5.13bn to Daewoong Indonesia (~6.3% sales / ~20% mcap) · advance · through Jan 2027
Fri 23 Oct 11:18 KST live: Daehan Science (대한과학, 131220, KOSDAQ) autonomous single sales/supply — QC analysis equipment to PT Daewoong Pharmaceutical Indonesia for ₩5.13bn (~6.3% of FY25 sales ₩81.1bn / ~20% of ~₩25.0bn mcap), signed 22 Oct, delivery 7 Oct 2026→31 Jan 2027; advance yes (after bonds); VAT-excl; self+outsource. UP: named Daewoong Indonesia CP + advance + near-term delivery through Jan 2027 is real near-cash order, not multi-year drip. 3-8%: ~20% mcap with advance justifies mid band; refuse 8%+ on only ~6% of sales and small absolute ₩5.1bn (sales%≠band). p≈14%: Naver ₩3,360 / -3.6% (H ₩3,500) already soft vs UP — leftover-p-is-tape / don’t-chase; overnight residual only.
Why: Named Daewoong Indonesia CP + advance + near-term delivery through Jan 2027 → UP (real near-cash order). ~20% mcap with advance → 3-8%; refuse 8%+ on ~6% sales / small absolute ₩5.1bn (sales%≠band). Live already -3.6% soft vs UP → leftover p≈14% don’t-chase (leftover-p-is-tape).
DART
· KIND
· desk
up 1-3%Samil Enterprise 002290 · KOSDAQ · 2026-10-23 10:18 KST · p≈15%
Church construction supply ₩61.62bn (~72.3% of sales / ~144% mcap) · Changdong Yeomgwang · through May 2029 · 5% advance
Fri 23 Oct 10:18 KST live: Samil Enterprise (002290, KOSDAQ) boards a single sales/supply contract — Changdong Yeomgwang Church new sanctuary construction for ₩61.62bn (~72.3% of FY25 sales ₩85.18bn / ~144% of ~₩42.7bn mcap), signed 22 Oct, work through 10 May 2029. Payment: 5% advance after bond, progress bill every 2 months, 5% completion; VAT-excl; self+outsource. UP: core-business construction backlog with named CP and some advance is constructive for a thin builder. 1-3%: refuse face/sales/mcap trap — only 5% advance (~₩3.1bn ≈7% mcap) near-term and cash drips via progress bill to mid-2029 (Seohan/IPARK construction class, not fab 8%+). p≈15%: Naver already +5.35% at session high ₩3,445 on thin ADV (~2.3k sh) so the 1-3% band is spent — leftover-p-is-tape / don’t-chase.
Why: Named construction backlog for a builder with some advance → UP (core business), not MIXED. Face ~144% mcap / 72% sales is a face trap: only 5% advance (~7% mcap) near-term and progress-bill to May 2029 → 1-3% (Seohan/IPARK class; refuse 3-8%/8%+). Live already +5.35% at session high on thin ADV → 1-3% band spent; leftover p≈15% don’t-chase (leftover-p-is-tape).
DART
· KIND
· desk
mixed 1-3%Bukwang Pharm 003000 · KOSPI · 2026-10-23 09:18 KST · p≈28%
Q3 consol prelim sales ₩58.0bn +21% YoY · OP ₩2.16bn +121% YoY/+53% QoQ · NI ₩0.85bn −43% YoY
Fri 23 Oct 09:18 KST live: Bukwang Pharm (003000) Q3 consol prelim — sales ₩58.0bn (+21% YoY/+1.7% QoQ), OP ₩2.16bn (+121% YoY/+53% QoQ), NI ₩0.85bn (−43% YoY/−39% QoQ); 9M OP still −22% YoY and NI −56% YoY. MIXED: Q3 operating recovery is real on +21% sales, but bottom line collapses QoQ/YoY and the 9M book is still deep red vs last year (LG Display / LS Eco OP-vs-NI split — not Flitto clean beat). 1-3%: mid-cap ~₩374bn; OP % swing is large but absolute OP ₩2.2bn is small vs mcap, and NI conflict refuses 3-8%. p≈28%: stamp into live cash; Naver already ~−1.4% (H ₩3,915) so first clip partially spent — leftover is residual grind (leftover-p-is-tape), not unused auction.
Why: Q3 OP doubles YoY on solid sales (constructive) vs NI −43% YoY and still-weak 9M OP/NI (bearish) → MIXED, not clean UP. Mid-cap ~₩374bn; absolute OP ₩2.2bn is small vs mcap despite large % swings; conflicting NI caps band at 1-3% (refuse Flitto 8%+ / LS Eco 8%+ vol class). Live minutes after stamp already −1.4% with session high spent → leftover p≈28% residual, not full unused window.
DART
· KIND
· desk
mixed 8%+Noul 376930 · KOSDAQ · 2026-10-23 08:46 KST · p≈40%
3P raise 1.1m sh (~10.7% OS) @ ₩2,500 par (~+95% vs last) to Jigu Holdings · ₩2.75bn ops cash · control flip · 1yr lock
Fri 23 Oct 08:46 KST pre-open: Noul (376930) third-party raise — 1.1m new shares (~10.7% of OS) at ₩2,500 par (~+95% vs last ₩1,285) to Jigu Holdings for ₩2.75bn operating cash; pay-in 9 Nov, 1yr lockup; max holder flips to Jigu after pay-in. MIXED: premium strategic cash bid + ops runway (constructive) vs ~11% dilution and control flip on thin KOSDAQ (Artist Studio / Satoshi class — not clean UP). 8%+: thin-name control-path 3P gap risk either way (proceeds ~21% of ~₩13bn mcap; refuse treating premium as one-way UP). p≈40%: stamp into 09:00 cash open (~10–15 min leftover clock); Yahoo last already soft vs prior ₩1,420 so don’t sell a full unused 60-min tender window.
Why: Premium 3P cash + control flip on thin KOSDAQ → two-way MIXED (not clean UP/DOWN). Artist Studio / named strategic 3P + explicit max-holder flip → MIXED 8%+ vol band; ~11% OS is material but refuse 28%+ opaque-shell class sizing. Pre-open into 09:00 auction leftover with short clock + already-soft tape vs prior → p≈40%.
DART
· KIND
· desk
up 8%+iFamilySC 114840 · KOSDAQ · 2026-10-23 07:51 KST · p≈55%
Welliant/Marubeni cash tender ₩12,000 · min 20%/max 28% OS · Oct 23–Nov 11 · not delisting · ~+42% vs last
Fri 23 Oct 07:51 KST pre-open: Welliant (Marubeni) cash tender for iFamilySC (114840, KOSDAQ) at ₩12,000 (~+42% vs last ₩8,420 / ~+53% vs prior ₩7,850), min 20%/max 28% of 16.68m OS, window through 11 Nov; founders excluded via side letter so Marubeni concert already 42.39% and post-deal 62–70% — strategic alliance, not delisting. UP: large cash bid above spot is a classic tender magnet into the auction. 8%+: i-Scream/S1-class pre-open premium tender (~40%+ gap to deal price, mid-cap KOSDAQ) — refuse treating as full path-to-₩12k same day because max is only 28% and listing stays. p≈55%: ~70 min unused into 09:00 cash open; tape still near prior close so leftover is the auction product.
Why: Cash tender stamped ~+42% above last → price magnet → UP. Pre-open third-party premium tender on mid-cap KOSDAQ (i-Scream/S1 class) → 8%+; partial max 28% + not-delisting caps a full gap to ₩12k. Pre-open stamp with ~70 min to 09:00 and live still near prior → p≈55% unused auction leftover.
DART
· KIND
· desk
mixed 1-3%SK hynix 000660 · KOSPI · 2026-10-23 07:33 KST · p≈30%
Clarification: Solidigm Pre-IPO/IPO review stopped · confirms Aug 5 ₩5tn rumor process ended
Fri 23 Oct 07:33 KST pre-open: SK hynix (000660) confirms it has stopped reviewing a Solidigm Pre-IPO/IPO previously rumored at ~₩5tn on Aug 5 — official end of that fundraising path. MIXED: kills Solidigm-level dilution/overhang (mild ownership positive) but also removes a path to external US NAND growth capital (mild negative). 1-3%: liquid mega-cap confirmation of a months-old rumor process — refuse 3-8%/8%+. p≈30%: pre-open unused into 09:00, but mega liquidity + already-chewed rumor → muted auction leftover, not a shock.
Why: Stops Solidigm Pre-IPO (less sub dilution vs less external capex cash) → MIXED. Liquid mega + confirmation of Aug rumor → 1-3%; refuse higher bands. Pre-open clock exists but mega liquidity + chewed narrative → p≈30% muted auction leftover.
DART
· KIND
· desk
mixed 8%+Sconec 276040 · KOSDAQ · 2026-10-22 15:51 KST · p≈0%
Control-dispute shareholder-register inspection injunction judgment confirmed · EGM 13 Nov · HALTED 관리
Thu 22 Oct 15:51 KST: Sconec (스코넥, 276040, KOSDAQ 관리) posts confirmed judgment on a shareholder-register inspection injunction (2026카합21827) ahead of the 13 Nov EGM — control-dispute process, not a board flip. MIXED: enables register access for the fight but petition/injunction ≠ EGM outcome. 8%+: halted ~₩7bn 관리 book → resume gap risk either way. p≈0: Naver tradeStop=HALTED — untradeable until resume.
Why: Control-dispute process stamp; judgment confirmed but EGM outcome open → MIXED. Halted micro 관리 → 8%+ resume volatility band, not expected drift. HALTED → p≈0 same session; product is resume auction only.
DART
· KIND
· desk
up 1-3%LF 093050 · KOSPI · 2026-10-22 15:50 KST · p≈12%
Open-market hold-after buyback ₩5.0bn (~0.8% mcap) via NH · Oct 23–Dec 30 · already 10.32% treasury
Thu 22 Oct 15:50 KST: LF (093050, KOSPI) boards ₩5.0bn (~0.8% of ≈₩644.7bn mcap / ~0.8% OS) open-market hold-after buyback via NH, window 23 Oct–30 Dec; already holds 10.32% treasury; no cancel language. UP: fresh cash bid into the book. 1-3%: hold-after form + sub-1% mcap refuse 3-8%/cancel band (Embrain/Sangsangin class). p≈12%: stamp after 15:30 cash close and AH already +3.84% through the band → don’t-chase; leftover is Fri 09:00 residual only.
Why: Fresh open-market cash bid for price support → UP. Hold-after / no-cancel + ~0.8% mcap → 1-3%; refuse cancel-bound 3-8%. Post-close stamp; AH already +3.84% → p≈12% Fri-open leftover only (don’t-chase).
DART
· KIND
· desk