Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix (000660 KS)</a> is trading at a historical low at 6x PER, and growth (as of now) remains intact. </li>
<li>The share buyback announcement helped to catapult the share price by 12% today. </li>
<li>The workers' bonus in stocks should be seen as a risk - the total volume will not be material enough to affect daily liquidity. </li>
</ul>



SK Hynix (000660 KS) is trading at a historical low at 6x PER, and growth (as of now) remains intact. 
The share buyback announcement helped to catapult the share price by 12% today. 
The workers' bonus in stocks should be seen as a risk - the total volume will not be material enough to affect daily liquidity. 


SK Hynix (000660): Time to Build Position Again

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>In my view, SK Hynix (000660 KS) is likely to announce a major shareholder return program soon which could include a combination of share buybacks, cancellations, and special dividends. </li>
<li>SK Hynix is able to provide specific details regarding its shareholder return plans starting on 5 August 2026. </li>
<li>If we assume SK Hynix to return 40% of its free cash flow as shareholder returns, this would represent 65.2 trillion won in 2026 (representing 5.7% of its market cap). </li>
</ul>


In my view, SK Hynix (000660 KS) is likely to announce a major shareholder return program soon which could include a combination of share buybacks, cancellations, and special dividends. 
SK Hynix is able to provide specific details regarding its shareholder return plans starting on 5 August 2026. 
If we assume SK Hynix to return 40% of its free cash flow as shareholder returns, this would represent 65.2 trillion won in 2026 (representing 5.7% of its market cap). 


SK Hynix to Announce a Major Shareholder Return Plan - But How Much Is This Already Factored In?

Equity Long-Short

Mo Aziz

<ul>
<li>Korean retail spent US$840mn on SK Hynix ADRs in July — at up to 60% above the identical Seoul share — and ignored Samsung at home in the same breath.</li>
<li>This is venue distrust, not a change of thesis. The Infosys ADR hit a 135% premium in 2000; it took 3–5 years to compress. TSMC’s never has.</li>
<li>Remain BULLISH on both names; FVs unchanged. Own the South Korean mother share. The ADR premium is a sentiment gauge, not an investment.</li>
</ul>


Korean retail spent US$840mn on SK Hynix ADRs in July — at up to 60% above the identical Seoul share — and ignored Samsung at home in the same breath.
This is venue distrust, not a change of thesis. The Infosys ADR hit a 135% premium in 2000; it took 3–5 years to compress. TSMC’s never has.
Remain BULLISH on both names; FVs unchanged. Own the South Korean mother share. The ADR premium is a sentiment gauge, not an investment.


Same Memory Chip Stock, but Wrong Postcode: Korea's ADR Mania in SK Hynix & Samsung Electronics

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Equity Derivatives

<ul>
<li>We present a WEEKLY tactical global macro recap/analysis for several markets and stocks we track, grouped by sector.</li>
<li>We apply our quantitative models to each instrument's trend, to determine which stocks/markets are just starting a trend, are in the middle of it, or are about to end it.</li>
<li>
<a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent</a> is oversold, while <a href="https://www.smartkarma.com/entities/korea-stock-exchange-kospi-200" target="_blank" data-smartkarma-citation="entities:26021:1" rel="noopener">KOSPI 200</a> , <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909:1" rel="noopener">Nikkei 225</a>, <a href="https://www.smartkarma.com/entities/hitachi-ltd" target="_blank" data-smartkarma-citation="entities:7797:1" rel="noopener">Hitachi Ltd</a>, <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics</a>, <a href="https://www.smartkarma.com/entities/sk-hynix-inc" target="_blank" data-smartkarma-citation="entities:16955:1" rel="noopener">SK Hynix</a>, <a href="https://www.smartkarma.com/entities/advantest-corp" target="_blank" data-smartkarma-citation="entities:18107:1" rel="noopener">Advantest Corp</a>, <a href="https://www.smartkarma.com/entities/hanwha-solutions" target="_blank" data-smartkarma-citation="entities:8656:1" rel="noopener">Hanwha Solutions</a>, <a href="https://www.smartkarma.com/entities/spdr-gold-shares" target="_blank" data-smartkarma-citation="entities:8632:1" rel="noopener">GLD</a> are overbought. Details per sector are displayed in the insight.</li>
</ul>


We present a WEEKLY tactical global macro recap/analysis for several markets and stocks we track, grouped by sector.
We apply our quantitative models to each instrument's trend, to determine which stocks/markets are just starting a trend, are in the middle of it, or are about to end it.

Tencent is oversold, while KOSPI 200 , Nikkei 225, Hitachi Ltd, Samsung Electronics, SK Hynix, Advantest Corp, Hanwha Solutions, GLD are overbought. Details per sector are displayed in the insight.


WEEKLY Tactical Recap: Tencent, SK Hynix, Samsung, KS200, Hitachi, Advantest Corp, Hanwa Solutions

Global Equities, Multi-Asset PM, Dantes Outlook

Damanick Dantes, CMT

Global Equities, Multi-Asset PM

Dantes Outlook

We invest over a full market cycle, using multi-asset portfolios tailored to each global client, from individuals to family offices.

Built to Endure

Cross Asset Strategy

<ul>
<li>CTAs are positioned in Asia uptrends, but the stocks that support it are losing momentum.</li>
<li>We uncovered stocks that sit outside the CTA trade that may be less vulnerable to outflows.</li>
<li>Tech uptrends remain intact, just lower their weight and make room for less volatile trends in financials.</li>
</ul>


CTAs are positioned in Asia uptrends, but the stocks that support it are losing momentum.
We uncovered stocks that sit outside the CTA trade that may be less vulnerable to outflows.
Tech uptrends remain intact, just lower their weight and make room for less volatile trends in financials.


CTA Trend Picks in Taiwan, South Korea, and Japan

South Korea

SK Hynix Inc. provides products and services for the electronic components industry. The Company manufactures semiconductors, such as dynamic random access memory (DRAM), NAND flash memory, and static random access memory (SRAM) chips.

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SK Hynix (000660 KS)

SK Hynix (000660): Time to Build Position Again

Share buy back, 6x PER, and intact growth prospect - why not start to accumulate SK Hynix again? The stock bonus for the workers will not be enough...

Henry Soediarko

SK Hynix to Announce a Major Shareholder Return Plan - But How Much Is This Already Factored In?

After the market close today, SK Hynix announced that it plans to repurchase and cancel 40 trillion won worth of treasury shares. SK Hynix...

Douglas Kim

Same Memory Chip Stock, but Wrong Postcode: Korea's ADR Mania in SK Hynix & Samsung Electronics

Korean retail is paying 60% more in New York for the same asset they can buy cheaply at home. Right thesis. Wrong postcode. Own Seoul. BULLISH: SK...

Mo Aziz

WEEKLY Tactical Recap: Tencent, SK Hynix, Samsung, KS200, Hitachi, Advantest Corp, Hanwa Solutions

Weekly Global Macro Recap Probability Analysis: we apply our model to identify trend formation and exhaustion across Asian and US equities.

Nico Rosti

CTA Trend Picks in Taiwan, South Korea, and Japan

Trend followers are long Asian equities, but the mega-cap leaders are decelerating. If CTAs unwind, what survives? Hold strength at lower weights...

Damanick Dantes, CMT

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