Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

Hon Hai Precision Industry / Equity Bottom-Up

<ul><li>China smartphone market grows significantly in 3Q 2024, demonstrating strong demand for mobile devices.</li><li>Lam Research establishes new office at Tata-PSMC wafer fab, enhancing their presence in the semiconductor industry.</li><li>LG shifts focus to solutions over products in major restructuring, while BYD plans cost cuts in anticipation of potential tariffs.</li></ul>

China smartphone market grows significantly in 3Q 2024, demonstrating strong demand for mobile devices.Lam Research establishes new office at Tata-PSMC wafer fab, enhancing their presence in the semiconductor industry.LG shifts focus to solutions over products in major restructuring, while BYD plans cost cuts in anticipation of potential tariffs.

Tech Supply Chain Tracker (29-Nov-2024): China smartphone market, Q3 2024

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>In this insight, we provide the major highlights of the solid Corporate Value Up plan announced by LG Corp on 22 November. </li>
<li>The key highlights include about 500 billion won worth of share cancellation by 2026, improved dividend policy, and higher ROE target.</li>
<li>Our base case NAV valuation analysis of LG Corp suggests implied NAV of 16.1 trillion won or NAV per share of 102,426 won, which is 33.4% higher than current price.</li>
</ul>


In this insight, we provide the major highlights of the solid Corporate Value Up plan announced by LG Corp on 22 November. 
The key highlights include about 500 billion won worth of share cancellation by 2026, improved dividend policy, and higher ROE target.
Our base case NAV valuation analysis of LG Corp suggests implied NAV of 16.1 trillion won or NAV per share of 102,426 won, which is 33.4% higher than current price.


LG Corp: Key Highlights from Its Corporate Value-Up Plan and Updated NAV Valuation

<ul><li>China's smartphone industry experienced significant growth in Q3 2024 amid escalating trade tensions and tariffs</li><li>LG Electronics expands manufacturing operations in India with a new plant while liquid cooling for servers faces challenges</li><li>Royole Technologies, a Chinese foldable phone pioneer, files for bankruptcy, and Taiwan boosts defense autonomy in response to global tensions Huawei set to launch Mate 70 series on Nov 26.</li></ul>

China's smartphone industry experienced significant growth in Q3 2024 amid escalating trade tensions and tariffsLG Electronics expands manufacturing operations in India with a new plant while liquid cooling for servers faces challengesRoyole Technologies, a Chinese foldable phone pioneer, files for bankruptcy, and Taiwan boosts defense autonomy in response to global tensions Huawei set to launch Mate 70 series on Nov 26.

Tech Supply Chain Tracker (21-Nov-2024): China smartphone market, 3Q 2024.

<ul>
<li>Korea Exchange (KRX) plans to make special changes to the Korea Value-Up Index constituents on 20 December.</li>
<li>We believe that following five stocks are likely inclusions in the Korea Value Up index rebalance on 20 December (KB Financial, Hana Financial, SK Telecom, KT Corp, and LG Electronics).</li>
<li>The new companies that will be included in the Korea Value-Up Index include companies that provide detailed corporate value up plans by 6 December.</li>
</ul>


Korea Exchange (KRX) plans to make special changes to the Korea Value-Up Index constituents on 20 December.
We believe that following five stocks are likely inclusions in the Korea Value Up index rebalance on 20 December (KB Financial, Hana Financial, SK Telecom, KT Corp, and LG Electronics).
The new companies that will be included in the Korea Value-Up Index include companies that provide detailed corporate value up plans by 6 December.


Korea Value Up Index Rebalance on 20 December

<ul><li>Luxembourg startup seeks EUR30M to expand global 5G IoT satellite operations, aiming for increased connectivity worldwide.</li><li>South Korea focuses on utilizing nuclear power to boost exports and ensure energy security for the nation's future.</li><li>Next-generation iPhone 17 models will feature LTPO OLED panels from Samsung and LG Display, enhancing display quality for users.</li></ul>

Luxembourg startup seeks EUR30M to expand global 5G IoT satellite operations, aiming for increased connectivity worldwide.South Korea focuses on utilizing nuclear power to boost exports and ensure energy security for the nation's future.Next-generation iPhone 17 models will feature LTPO OLED panels from Samsung and LG Display, enhancing display quality for users.

Tech Supply Chain Tracker (02-Nov-2024): Luxembourg startup needs EUR30M for 5G IoT satellites.

South Korea

LG Electronics Inc. manufactures and markets digital display equipment and home appliances. The Company produces and markets flat panel televisions, A/V products, washing machines, air conditioners and refrigerators as well as telecommunications equipment such as smart phones and tablets.

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LG Electronics (066570 KS)

Tech Supply Chain Tracker (29-Nov-2024): China smartphone market, Q3 2024

China's smartphone market grows in 3Q 2024, Lam Research expands, LG restructures focus, BYD plans cuts, Qualcomm and MediaTek diverge, Nvidia...

Tech Supply Chain Tracker

LG Corp: Key Highlights from Its Corporate Value-Up Plan and Updated NAV Valuation

The key highlights of LG Corp's Corporate Value Up plan include about 500 billion won worth of share cancellation by 2026, improved dividend...

Douglas Kim

Tech Supply Chain Tracker (21-Nov-2024): China smartphone market, 3Q 2024.

China smartphone industry grows, Trump hints at more tariffs, LG Electronics expands in India, liquid cooling faces challenges, Royole files for...

Tech Supply Chain Tracker

Korea Value Up Index Rebalance on 20 December

We believe that following five stocks are likely inclusions in the Korea Value Up index rebalance on 20 December (KB Financial, Hana Financial, SK...

Douglas Kim

Tech Supply Chain Tracker (02-Nov-2024): Luxembourg startup needs EUR30M for 5G IoT satellites.

Luxembourg startup seeks funding for global 5G IoT satellite expansion, South Korea boosts nuclear power for exports, iPhone 17 to feature LTPO...

Tech Supply Chain Tracker

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