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1 week ago | 
smartkarma.com | Sanghyun Park |Travis Lundy |Douglas Kim |Jesus Aguilar |Jesús Aguilar
In today’s briefing: FSS Bans Arb in Local MM Books: Identifying Opportunities from Short-Term Inefficiencies TKP Corp (3479) – A Second Big Buyback In Short Order Quiddity HK Connect Northbound Tracker (Q1 2025 Vs 5 Previous Quarters) Dongwon F&B: Delisting and Incorporation as a Wholly Owned Subsidiary of Dongwon Industries Dropped the Line: Telefónica Disconnects from Peru Running on Fumes: Wood Group’s Last Shot with Sidara FSS Bans Arb in Local MM Books: Identifying Opportunities from...
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2 weeks ago | 
smartkarma.com | Sanghyun Park |Arun George |Douglas Kim |Jesus Aguilar |Jesús Aguilar
In today’s briefing:Key Implications of SK Inc’s Disposal of SK SiltronAbacus Storage King (ASK AU): Ki Corp/Public Storage’s NBIO at A$1.47Potential Sale of a Controlling Stake in SK Siltron to Hahn & CoIndustrivärden’s Q1 2025: NAV Evolution, Discount, Target NAV, ReplicationKey Implications of SK Inc’s Disposal of SK SiltronSK Inc is selling SK Siltron to cut its 68% debt-to-equity ratio. The sale could reduce borrowings below ₩5T and lower debt ratio to 30-40%.
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2 months ago | 
smartkarma.com | David Blennerhassett |Jesus Aguilar |Jesús Aguilar |Douglas Kim
In today’s briefing:StubWorld: REA Group Dives As CoStar Muscles Into TurfStrategic Reshuffle, Shareholder Adjustments, and Investment OutlookRecent Block Deal Sale on HD Hyundai Marine Solution and Headwinds on Korean Shipbuilding SectorStrategic Reshuffle, Shareholder Adjustments, and Investment OutlookNaturgy plans a €2.5 billion share buyback at €26.5 per share, thus increasing free float and liquidity, potentially aiding index inclusion and attracting passive ETF investors.
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2 months ago | 
smartkarma.com | Travis Lundy |Douglas Kim |Jesus Aguilar |Jesús Aguilar |Nicholas Tan
In today’s briefing: Takasago Thermal Engineering Offering (1969) – Small Start to Larger Unwind CATL IPO Listing in Hong Kong Preview Macquarie/Renewi: Agreed Offer Takasago Thermal Engineering Placement – Share Buyback Should Aid Deal Performance SMIC (SEHK: 00981, SSE STAR MARKET: 688981): Risky to Chase Strength AMETEK: Industrial Excellence – [Business Breakdowns, REPLAY] Aegis Vopak Pre-IPO: Expanding Rapidly but Lots of Debt Pesa/Talgo: Talgo Takeover Blocked by Spanish Government...
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2 months ago | 
smartkarma.com | Sudarshan Bhandari |Nicolas Baratte |Douglas Kim |Baptista Research
In today’s briefing:The Beat Ideas: Blue Jet Healthcare- Rising CDMO PlayerIntel: A Refreshing Direct Tone from New Management that Doesn’t Deny IssuesTop 10 Korean Stock Picks Bi-Weekly (3 February 2025)Lam Research Corporation: Can Its Advanced Packaging & High Bandwidth Memory Expansion Reinforce Footprint In The Semiconductor Landscape?- Major DriversBoeing’s High-Stakes Production Ramp-Up: Can It Deliver Or Will Chaos Ensue?
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2 months ago | 
smartkarma.com | Douglas Kim |Clarence Chu
In today’s briefing:Rise of DeepSeek – Impact on SK Hynix and Other Major Korean StocksSeoul Guarantee Insurance Pre-IPO Updated Thoughts on Valuation – Weaker Performance than ExpectedRise of DeepSeek – Impact on SK Hynix and Other Major Korean StocksDeepSeek has been the biggest story in the global markets in the past couple of weeks. In this insight, we discuss how the rise of DeepSeek could impact the share prices of the major AI related companies in Korea including SK Hynix (000660 KS).
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2 months ago | 
smartkarma.com | Douglas Kim
In today’s briefing:Dongbang Medical IPO Book Building Results AnalysisDongbang Medical IPO Book Building Results AnalysisDongbang Medical reported excellent IPO book building results. The IPO price has been finalized at 10,500 won. The demand ratio from the institutional investors was 910 to 1. Our base case valuation of Dongbang Medical is target price of 13,609 won per share which is 30% higher than the IPO price of 10,500 won.
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2 months ago | 
smartkarma.com | Sanghyun Park |Douglas Kim
In today’s briefing: Converting Samsung Life’s Samsung Electronics Stake to Long-Term Holdings: Clearing up the Confusion Seoul Guarantee IPO: Price Cut, Dividend Focus, But Overhang and Weak Earnings May Hurt Samsung Life Insurance: Implications of Classifying Samsung Electronics as a Long-Term Holding Seoul Guarantee Insurance Corp IPO Preview (Significantly Lower IPO Price Range) Converting Samsung Life’s Samsung Electronics Stake to Long-Term Holdings: Clearing up the Confusion Samsung...
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Jan 23, 2025 | 
smartkarma.com | Arun George |Douglas Kim |Akshat Shah |Ke Yan
In today’s briefing: Guming Holdings (Good Me) IPO: The Bear Case TXR Robotics IPO Preview Dr Agarwal’s Healthcare Pre-IPO – Strong Revenue Growth Led by Expanding Network of Facilities Sichuan Biokin (百利天恒) H-Listing: Impressive Clinical Results so Far Continuum Green Energy Pre-IPO: ESG Friendly but Burning Prodigious Amounts of Cash Guming Holdings (Good Me) IPO: The Bear Case Guming Holdings (GUM HK) (Good me), a freshly-made tea store brand, is pre-marketing an HKEx IPO to raise US$300...
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Jan 22, 2025 | 
smartkarma.com | Sanghyun Park |Rosita Fernandes |Douglas Kim |Angus Mackintosh
In today’s briefing: Unpacking the Backstory of HMM’s Value-Up Disclosure Today: Dividend Arbitrage Still in Focus Vikran Engineering Limited Pre-IPO – Capitalizing On Core Competencies But With Concentration Risks HMM: Material Improvement in Corporate Value Up Plan Grab Holdings (GRAB IJ) – New Fleets and Finance What’s News in Amsterdam – 22 January (Ahold Delhaize | InPost | PostNL | DHL) Unpacking the Backstory of HMM’s Value-Up Disclosure Today: Dividend Arbitrage Still in Focus HMM’s...
