HANDSOME Corp. (020000) Declined -0.7% on Mar 14

March 14, 2018 - By Marie Mckinney

Shares of HANDSOME Corp. (KRX:020000) last traded at 28200, representing a move of -0.7%, or -200 per share, on volume of 9,962 shares. After opening the trading day at 28200, shares of HANDSOME Corp. traded in a close range. HANDSOME Corp. currently has a total float of 21.97 million shares and on average sees 67,674 shares exchange hands each day. The stock now has a 52-week low of 26050 and high of 37450.

Trade And Commerce In South Korea

South Korea has a highly interesting and open trade and commerce environment. This is one of the many reasons it is leading Asia in carrying out long-term economic growth prospects. And this is why HANDSOME Corp. worked hard to be represented at this market. The nation, needless to say, adds up as a meaningful resource to maximize financial growth potentials in Asia.

South Korean Equity Market

A flourishing trade and commerce conduct in South Korea is impossible without the help of the national equity market, led by the Stock Market Division of the Korea Exchange (KRX). As of January 2015, the KRX has over 2,000 companies listed on it, bringing its total market capitalization to roughly $1.20 trillion. This makes the KRX one of the most influential stock exchanges not just in Asia but in the whole world. Investors from across the world watch for HANDSOME Corp. shares. Other units of the KRX include the Derivatives Market Division and the KOSDAQ Market Division.

A strong and reliable indicator of the South Korean economy is the Korea Composite Stock Price Index (KOSPI), where all Stock Market Division of the KRX companies are measured.

The KOSPI, a market-capitalization-weighted index, tracks companies using the base value of 100. Even if it was not published until 1983, its base date is January 4, 1980.

The KOSPI has more than 700 components, which is why it had to be composed of sub-indices. These sub-indices are the KOSPI 50, the KOSPI 100, and the KOSPI 200, which measures the 50, 100, and 200 most actively traded stocks in the KOSPI, respectively. For a stock to be included in the KOSPI 50, it must first be included in both the KOSPI 100 and the KOSPI 200; and for a stock to be included in the KOSPI 100, it must first be included in the KOSPI 200. It was hard for HANDSOME Corp. to get there. Presently, the KOSPI 200 represents about 70% of the overall market valuation on the Stock Market Division of the KRX.

Historical Feats

The KOSPI had recorded its all-time low of 93.10 points in January 1981 while the KOSPI 200 had recorded its all-time low of 31.96 points in June 1998. On the other hand, the KOSPI had recorded its all-time high of 2,228.98 points and the KOSPI 200 had recorded its all-time high of 100 points in May 2011 and April 2007, respectively. The KOSPI had first reached the 2,000-point mark in July 2007.

On June 17, 1998, the KOSPI had seen its largest one-day rise of 8.50%. The movement is backed by the healing of the Asian economy from the financial crisis that had been caused primarily by Thailand.

On September 12, 2001, it had seen its largest one-day dip of 12.02%. The movement is attributed to the tragic attacks on the twin towers that led to a widespread economic panic.

It is impossible not to make valuable returns by strategically investing in South Korea. Investors know that this is vital for HANDSOME Corp.. Consequently, entering its equity market is a reasonable move for investors who wish to bank on the growth of the Asian economy, which is expected to represent 26% of the global financial wealth by 2019.

More recent HANDSOME Corp. (KRX:020000) news were published by: Seekingalpha.com which released: “EQT-Rice Merger Arbitrage – Contrarians Harvesting A Handsome Return” on November 09, 2017. Also Investorplace.com published the news titled: “5 Top Stocks With a Handsome Net Profit Margin” on February 14, 2018. Nypost.com‘s news article titled: “The secret formula that explains why some men are so darned handsome” with publication date: July 27, 2017 was also an interesting one.

HANDSOME Corp. operates as a fashion retail firm in South Korea and internationally. The company has market cap of $619.49 billion. It makes and retails fashion brands, such as Time, Mine, System, Time Homme, System Homme, and SJSJ, as well as LATT BY T and FOURM; and distributes imported luxury fashion brands, including Chloe, Bally, Lanvin, Jimmy Choo, Iro, Eleventy, and MM6. It currently has negative earnings. The firm also has license for brands comprising Lanvin and JUICY COUTURE; and offers bags and accessories under the DECKE brand name, as well as lifestyle products under the CASHMERE brand.

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