Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

<ul>
<li>
<strong>It was reported today in local Korean media that the SK Group wants to acquire <a href="https://www.smartkarma.com/entities/10811" target="_blank" data-smartkarma-citation="entities:10811:1">Kumho Tire Co Inc (073240 KS)</a>, by injecting 700 billion won in the company in a rights offering.</strong> The SK Group expects additional synergies from its automotive parts business with the company's tire business. If this deal goes through, SK Group would have at least 30% stake in Kumho Tire, which would be enough for the management control. </li>
<li>As of December 14th, Kumho Tire's market cap was 635 billion won, so the…</li>
</ul>



It was reported today in local Korean media that the SK Group wants to acquire Kumho Tire Co Inc (073240 KS), by injecting 700 billion won in the company in a rights offering. The SK Group expects additional synergies from its automotive parts business with the company's tire business. If this deal goes through, SK Group would have at least 30% stake in Kumho Tire, which would be enough for the management control. 
As of December 14th, Kumho Tire's market cap was 635 billion won, so the…


Korea M&A Spotlight: SK Group Plans to Acquire Kumho Tire

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

MSCI Emerging Markets Index / Technical Analysis

<p>Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.</p>

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

Emerging Markets: Technical Strategy & Reccommendations

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Samsung Electronics Pref Shares / Event-Driven

<p>Let's do one interesting study here. In the last month (Oct 10-Nov 3), <a href="https://www.smartkarma.com/entities/23591" target="_blank" data-smartkarma-citation="entities:23591:1">Samsung Electronics Pref Shares (005935 KS)</a> ranked fifth in the local institutional top net buying list. Thanks to local institutions which have gone aggressive on SamE Pref in the last month, SamE Common-SamE Pref spread peaked at 81.63% on Nov 2, and it is now at 81.59% (as of Nov 3).</p><div>
<table class="table table-striped"><tbody>
<tr><td colspan="4">Local institutional investors' top 14 net buying stocks in KOSPI &amp; KOSDAQ between Oct 10-Nov 3</td></tr>
<tr>
<td><em><strong>Rank</strong></em></td>
<td><em><strong>Stock</strong></em></td>
<td><em><strong>Net trade volume</strong></em></td>
<td><em><strong>Net trade value (₩)</strong></em></td>
</tr>
<tr>
<td>1</td>
</tr>
</tbody></table>…</div>

Let's do one interesting study here. In the last month (Oct 10-Nov 3), Samsung Electronics Pref Shares (005935 KS) ranked fifth in the local institutional top net buying list. Thanks to local institutions which have gone aggressive on SamE Pref in the last month, SamE Common-SamE Pref spread peaked at 81.63% on Nov 2, and it is now at 81.59% (as of Nov 3).

Local institutional investors' top 14 net buying stocks in KOSPI &amp; KOSDAQ between Oct 10-Nov 3

Rank
Stock
Net trade volume
Net trade value (₩)


1

…

Samsung Electronics Common-Pref Spread - Data & Situational Study

Equity Bottom-Up

<p>This report is broken down into two parts. First, we discuss the ramifications of SK Group Chairman Chey Tae-Won seeking a divorce from his wife. Second, we discuss the implications of the "fast and the furious" pace of M&amp;As, spin-offs, and asset sales among the SK affiliated companies in the past year and the implications on the <strong>"Big Event"</strong> to come. </p>

This report is broken down into two parts. First, we discuss the ramifications of SK Group Chairman Chey Tae-Won seeking a divorce from his wife. Second, we discuss the implications of the "fast and the furious" pace of M&amp;As, spin-offs, and asset sales among the SK affiliated companies in the past year and the implications on the "Big Event" to come. 

Complications of Chey Tae-Won's Potential Divorce & SK Group's Furious Pace of M&As & Restructurings

Global Head of Research, Smartkarma

Mark Artherton

Global Head of Research

LR Research

Thematic (Sector/Industry)

<p><strong>Would You Like To Know More?</strong> provides a deeper dive into specific items mentioned in our 21 things series ( <a href="https://www.smartkarma.com/insights/21-things-worth-knowing-today" target="_blank" data-smartkarma-citation="insights:14674">21 Things Worth Knowing Today</a> ).  These are not designed to bring the reader to expert status but act, as a 101 class should, to inform the reader and trigger further thought and investment ideas.  The aim is to inform rapidly, an executive summary primer, not a 100 page primer.</p><blockquote><p>Would You Like To Know More? - Starship Troopers, 1997</p></blockquote><h2>Solid State Lithium Batteries (SSLB)</h2><p>Toyota's declaration of…</p>

Would You Like To Know More? provides a deeper dive into specific items mentioned in our 21 things series ( 21 Things Worth Knowing Today ).  These are not designed to bring the reader to expert status but act, as a 101 class should, to inform the reader and trigger further thought and investment ideas.  The aim is to inform rapidly, an executive summary primer, not a 100 page primer.Would You Like To Know More? - Starship Troopers, 1997Solid State Lithium Batteries (SSLB)Toyota's declaration of…

Solid State Lithium Batteries 101 (WYLTKM)

South Korea

SK Innovation Co., Ltd. refines, markets, and distributes oil.  The Company produces a variety of petroleum products, such as gasoline, kerosene, liquefied petroleumgas (LPG), and diesel oil.  SK Energy also manufactures petrochemical p roducts, including paraxylene, synthetic resins, styrene monomer, and ethylene.

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SK Innovation (096770 KS)

Korea M&A Spotlight: SK Group Plans to Acquire Kumho Tire

It was reported today in local Korean media that the SK Group wants to acquire Kumho Tire Co Inc (073240 KS), by injecting 700 billion won in the...

Douglas Kim

Emerging Markets: Technical Strategy & Reccommendations

Today’s report provides a top-down synopsis of the technical condition of emerging markets across the globe, and includes a wide variety of...

Vermilion Research

Samsung Electronics Common-Pref Spread - Data & Situational Study

Let's do one interesting study here. In the last month (Oct 10-Nov 3), Samsung Electronics Pref Shares (005935 KS) ranked fifth in the local...

Sanghyun Park

Complications of Chey Tae-Won's Potential Divorce & SK Group's Furious Pace of M&As & Restructurings

This report is broken down into two parts. First, we discuss the ramifications of SK Group Chairman Chey Tae-Won seeking a divorce from his wife....

Douglas Kim

Solid State Lithium Batteries 101 (WYLTKM)

Would You Like To Know More? provides a deeper dive into specific items mentioned in our 21 things series ( 21 Things Worth Knowing Today ). These...

Mark Artherton

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