◆Aju Economic Major News
▷Coiz becomes the first company to be delisted under new regulations; 84 firms warned of potential exit
- Following the tightening of delisting criteria for companies with low market capitalization and penny stocks in July, Coiz has been confirmed as the first company to be delisted and began its final trading on September 3.
- Financial authorities have strengthened the criteria for maintaining listings, designating companies with a market capitalization below 30 billion won on the KOSPI or 20 billion won on the KOSDAQ for 30 consecutive trading days, or those with stock prices below 1,000 won for the same period, as management items.
- Following Coiz, companies such as Wonpung Mulsan, Shilla SG, KM Pharmaceutical, Susung Webtoon, and Gold & S have also been in a state of low market capitalization, increasing the likelihood of delisting this month.
- As concerns over delisting grow, these stocks saw significant declines on the same day, with Wonpung Mulsan dropping 7.99%, Shilla SG 15.27%, KM Pharmaceutical 18.15%, Susung Webtoon 28.70%, and Gold & S 27.12%.
- According to the Korea Exchange, as of that day, 84 listed companies have been designated as management items due to low market capitalization or penny stock criteria, and the exit of underperforming companies under the strengthened regulations is expected to expand by the end of the year.
◆Major Reports
▷Natural Gas: Focus on Weather Anomalies and Europe for Next Year [Daishin Securities]
- U.S. natural gas prices have continued to struggle despite the transition to October contracts reflecting winter heating demand, due to forecasts of a warm winter influenced by El Niño.
- However, El Niño is expected to peak between October and January before weakening, likely transitioning to neutral conditions by next summer, which could eliminate the discount factors for natural gas prices.
- In Europe, extreme heat has led to a significant drop in the Rhine River's water levels and hydropower generation, while rising river temperatures have reduced output from nuclear power plants, resulting in increased demand for natural gas amid power supply instability.
- Particularly, if El Niño transitions to neutral next year, reduced precipitation in Western and Central Europe could exacerbate disruptions in nuclear and hydropower generation, worsening the power shortage situation in Europe.
- Considering the past instance in 2020 when the transition from El Niño to neutral led to a shift in European power demand towards natural gas, creating a price supercycle, there remains an optimistic outlook for natural gas prices next year, despite current sluggishness, drawing attention to energy investments.
◆Major Disclosures After Market Close (September 3)
▷LIG Acuvue signs a supply contract worth 29.1 billion won with LG Uplus
▷Micro Digital changes its largest shareholder due to forced sale of stock collateral
◆Fund Trends (as of September 2, excluding ETFs)
▷Domestic Equity: -45.6 billion won
▷Overseas Equity: -2.2 billion won
◆Key Schedule for Today (September 4)
▷United States: Employment Report (August)
* This article has been translated by AI.
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