Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Event-Driven

<ul>
<li>On 17 October, Pan Ocean (028670 KS) announced that it will sell its 3.9 million shares (5.85% stake) in Hanjin KAL Corp (180640 KS) for about 163 billion won. </li>
<li>The main purpose of this stake sale is to secure more funds for Pan Ocean to potentially acquire HMM Co., Ltd. (011200 KS). </li>
<li>As evidenced by the recent increase in Baltic Dry Index, the potential expansion of the war in Israel could benefit major bulk shipping companies such as Pan Ocean.</li>
</ul>


On 17 October, Pan Ocean (028670 KS) announced that it will sell its 3.9 million shares (5.85% stake) in Hanjin KAL Corp (180640 KS) for about 163 billion won. 
The main purpose of this stake sale is to secure more funds for Pan Ocean to potentially acquire HMM Co., Ltd. (011200 KS). 
As evidenced by the recent increase in Baltic Dry Index, the potential expansion of the war in Israel could benefit major bulk shipping companies such as Pan Ocean.


Pan Ocean To Sell 5.8% Stake in Hanjin Kal To Secure Funds to Acquire HMM

House of Market Insights, Market Radar

Market Radar

House of Market Insights

Quick market updates and lot of ideas for your investments from a multi-asset portfolio manager working for a family office.

Quick Market Updates

Technical Analysis

<ul><li>Today I would like to show you some useful charts that could give you potential ideas for your next investment. </li><li>Bitcoin: the breakout we were waiting for! After a big drawdown, Bitcoin finally broken the descending trendline.</li><li>The most important cryptocurrency is 35% below its highs, but from a technical point of view, the situation looks more constructive after the breakout.</li></ul>

Today I would like to show you some useful charts that could give you potential ideas for your next investment. Bitcoin: the breakout we were waiting for! After a big drawdown, Bitcoin finally broken the descending trendline.The most important cryptocurrency is 35% below its highs, but from a technical point of view, the situation looks more constructive after the breakout.

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

Travelsky Technology Ltd H / Equity Bottom-Up

<p>H1 2021 number of flights processed in China has shown signs of healthy recovery but due to the recent Delta Variant spread in China, <a href="https://www.smartkarma.com/entities/travelsky-technology-ltd-h" target="_blank" data-smartkarma-citation="entities:19829:1" rel="noopener">Travelsky Technology Ltd H (696 HK)</a> share price alongside the other travel-related names have been sold off. Furthermore, excerpts from an Instagram update provides some colour of the current state of air travel situation in the Chinese airport. </p>
<p>The short-term recommendation is to stay away from <a href="https://www.smartkarma.com/entities/travelsky-technology-ltd-h" target="_blank" data-smartkarma-citation="entities:19829:1" rel="noopener">Travelsky Technology Ltd H (696 HK)</a> as the Delta variant has caused the negative sentiment on airline-related stocks to soar again as shown in the chart below.</p>
<p>Taking into account a more optimistic view that the higher vaccination rates in China and that it is working effectively against the current and future variant, therefore, air travel volume should recover, sooner rather than later, the company should benefit from the recovery thus for long-term investors, this is a stock that you can and should average down.</p>
<p>For investors who are to have exposure to <a href="https://www.smartkarma.com/entities/travelsky-technology-ltd-h" target="_blank" data-smartkarma-citation="entities:19829:1" rel="noopener">Travelsky Technology Ltd H (696 HK)</a> , this is probably the right time to start building exposure. </p>

H1 2021 number of flights processed in China has shown signs of healthy recovery but due to the recent Delta Variant spread in China, Travelsky Technology Ltd H (696 HK) share price alongside the other travel-related names have been sold off. Furthermore, excerpts from an Instagram update provides some colour of the current state of air travel situation in the Chinese airport. 
The short-term recommendation is to stay away from Travelsky Technology Ltd H (696 HK) as the Delta variant has caused the negative sentiment on airline-related stocks to soar again as shown in the chart below.
Taking into account a more optimistic view that the higher vaccination rates in China and that it is working effectively against the current and future variant, therefore, air travel volume should recover, sooner rather than later, the company should benefit from the recovery thus for long-term investors, this is a stock that you can and should average down.
For investors who are to have exposure to Travelsky Technology Ltd H (696 HK) , this is probably the right time to start building exposure. 

Chief Economist

Diana Choyleva

Enodo Economics

Enodo Economics is an independent macroeconomic forecasting company that untangles complexity, challenges the consensus, and makes sense of the future. Our focus is on China – one of the most misunderstood economies in the world, but one of the most important to figure out.  Enodo’s chief economist, Diana Choyleva, has been analysing China for almost 20 years, while Enodo’s team boasts a combined 140 years’ experience covering China’s economy, politics and markets. 

Macroeconomics

<h2>China News That Matters</h2><ul>
<li>Getting back to normal, but…</li>
<li>Slow recovery and backward moves </li>
<li>Bills and insults as Europe squirms</li>
<li>Ploughing on to rival GPS</li>
<li>Regulator gets tough on financial markets </li>
</ul><div class="content-remarks"><p>In my weekly digest China News That Matters, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and highlight why I think the news is significant. These posts are meant to neither be bullish nor bearish, but help you separate the signal from the noise.</p></div>

China News That Matters
Getting back to normal, but…
Slow recovery and backward moves 
Bills and insults as Europe squirms
Ploughing on to rival GPS
Regulator gets tough on financial markets 
In my weekly digest China News That Matters, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and highlight why I think the news is significant. These posts are meant to neither be bullish nor bearish, but help you separate the signal from the noise.

Cross Asset Strategy

<div class="content-highlight"><p><strong><em>“Any public company that receives a bailout or significant funding should not be allowed, by law, to do stock buybacks EVER AGAIN as part of their agreement.”</em> (Source: <a href="https://www.dallasnews.com/business/airlines/2020/03/18/american-airlines-spent-12-billion-on-stock-buybacks-during-flush-times-now-it-says-it-needs-a-bailout/" target="_blank" rel="noopener">Mark Cuban</a>, 18 March 2020)</strong></p></div><p>Why are so many major U.S. companies suspending their share buyback programs right now when many of these stocks appear to be trading at bargain sales prices? This is certainly one of the major differences between the current environment versus back in 2008/2009 when numerous major U.S. companies used the emergency government proceeds to buy back their shares.</p><p>In this analysis, we discuss the significant implication of this CHANGE in SENTIMENT among major U.S. companies to suspend their share buyback programs in the midst of the global COVID-19 pandemic outbreak. We have provided a list of 25 major companies in the U.S. that have announced share buyback program cancellations in the past week (15 to 21 March). Of these 25 companies, 17 of them are in the <strong>financial sector.</strong></p>

“Any public company that receives a bailout or significant funding should not be allowed, by law, to do stock buybacks EVER AGAIN as part of their agreement.” (Source: Mark Cuban, 18 March 2020)Why are so many major U.S. companies suspending their share buyback programs right now when many of these stocks appear to be trading at bargain sales prices? This is certainly one of the major differences between the current environment versus back in 2008/2009 when numerous major U.S. companies used the emergency government proceeds to buy back their shares.In this analysis, we discuss the significant implication of this CHANGE in SENTIMENT among major U.S. companies to suspend their share buyback programs in the midst of the global COVID-19 pandemic outbreak. We have provided a list of 25 major companies in the U.S. that have announced share buyback program cancellations in the past week (15 to 21 March). Of these 25 companies, 17 of them are in the financial sector.

Why Are Major U.S. Companies Suspending Their Share Buyback Programs?

United States

Delta Air Lines, Inc. provides scheduled air transportation for passengers, freight, and mail over a network of routes throughout the United States and internationally.

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Delta Air Lines (DAL US)

Pan Ocean To Sell 5.8% Stake in Hanjin Kal To Secure Funds to Acquire HMM

Pan Ocean plans to sell stake in Hanjin KAL to raise funds for potential acquisition of HMM Co. The outbreak of a war in Israel has resulted in...

Douglas Kim

Charts to Watch

Today I would like to show you some useful charts that could give you potential ideas for your next investment. Bitcoin: the breakout we were...

Market Radar

Travelsky (696): Maintain Positive Stand

An optimistic view that with the higher vaccination rates in China and is working effectively against the current and future variant, air travel...

Henry Soediarko

Covid-19/Economy/US-China/Beidou/Stocks

China News That Matters Getting back to normal, but… Slow recovery and backward moves Bills and insults as Europe squirms Ploughing on to rival...

Diana Choyleva

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Pan Ocean To Sell 5.8% Stake in Hanjin Kal To Secure Funds to Acquire HMM

​Pan Ocean plans to sell stake in Hanjin KAL to raise funds for potential acquisition of HMM Co. The outbreak of a war in Israel has resulted in...

Douglas Kim

Charts to Watch

Today I would like to show you some useful charts that could give you potential ideas for your next investment. Bitcoin: the breakout we were...

Market Radar

Travelsky (696): Maintain Positive Stand

An optimistic view that with the higher vaccination rates in China and is working effectively against the current and future variant, air travel...

Henry Soediarko

Covid-19/Economy/US-China/Beidou/Stocks

China News That Matters Getting back to normal, but… Slow recovery and backward moves Bills and insults as Europe squirms Ploughing on to rival...

Diana Choyleva

Why Are Major U.S. Companies Suspending Their Share Buyback Programs?

“Any public company that receives a bailout or significant funding should not be allowed, by law, to do stock buybacks EVER AGAIN as part of their...

Douglas Kim

Pan Ocean plans to sell stake in Hanjin KAL to raise funds for potential acquisition of HMM Co. The outbreak of a war in Israel has resulted in...