Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Index Rebalance

<ul>
<li>Korea Value-Up Index closed at 3,274.46 on 19 September 2026, up 82.2% YTD, outperforming KOSPI and KOSPI200 which are up 63.6% and 79.9%, respectively in the same period. </li>
<li>Market caps of 12 major ETFs in Korea that track the Korea Value Up index was 3.2 trillion won as of 18 September 2026,  up 154% from 2 January 2026.</li>
<li>Overall, I believe that this the Korea Value-Up Index could continue to receive significant amounts of capital inflow in the next several years.</li>
</ul>


Korea Value-Up Index closed at 3,274.46 on 19 September 2026, up 82.2% YTD, outperforming KOSPI and KOSPI200 which are up 63.6% and 79.9%, respectively in the same period. 
Market caps of 12 major ETFs in Korea that track the Korea Value Up index was 3.2 trillion won as of 18 September 2026,  up 154% from 2 January 2026.
Overall, I believe that this the Korea Value-Up Index could continue to receive significant amounts of capital inflow in the next several years.


Korea Value Up Index Continuing to Outperform KOSPI by Big Margin YTD

Event-Driven

<ul>
<li>As of 1 September, SK Hynix and Samsung Electronics have repurchased 13.5 trillion won, representing 24.5% of total planned buyback amount.</li>
<li>At the current pace, SK Hynix is expected to complete its buyback by October 2026. Samsung Electronics is also expected to complete its buyback earlier (in late September or October). </li>
<li>I continue to maintain the view that Samsung Electronics will announce a much bigger buyback/cancellation program in January 2027.</li>
</ul>


As of 1 September, SK Hynix and Samsung Electronics have repurchased 13.5 trillion won, representing 24.5% of total planned buyback amount.
At the current pace, SK Hynix is expected to complete its buyback by October 2026. Samsung Electronics is also expected to complete its buyback earlier (in late September or October). 
I continue to maintain the view that Samsung Electronics will announce a much bigger buyback/cancellation program in January 2027.


Progress of 55 Trillion Won Share Buybacks Announced by SK Hynix and 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>
<a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a> currently in its third week up, the rally is short-term overbought but could continue this week and the next.</li>
<li>Our model has identified profit targets for the current rally, for the next 2 weeks.</li>
<li>We also discuss support price zones, in case the stock starts to pullback this week, all the details are discussed below.</li>
</ul>



Samsung Electronics (005930 KS) currently in its third week up, the rally is short-term overbought but could continue this week and the next.
Our model has identified profit targets for the current rally, for the next 2 weeks.
We also discuss support price zones, in case the stock starts to pullback this week, all the details are discussed below.


Samsung Electronics (005930 KS) Tactical Outlook: Profit Targets

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

Commodities

<ul>
<li>A review of recent events/data impacting our investment themes and outlook.</li>
<li>No sign yet of a reversal in US government bonds and the dollar.</li>
<li>Brent Oil still above $100 despite exports moving back to pre-war levels</li>
</ul>


A review of recent events/data impacting our investment themes and outlook.
No sign yet of a reversal in US government bonds and the dollar.
Brent Oil still above $100 despite exports moving back to pre-war levels


Equity Derivatives and Volatility Specialist, Clifton Derivatives

John Ley

Equity Derivatives and Volatility Specialist

Clifton Derivatives

Independent derivative and volatility research firm focusing on events/catalysts, earnings, relative value and cross asset volatility strategies.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899" rel="noopener">Hang Seng Index (HSI INDEX)</a>, <a href="https://www.smartkarma.com/entities/shanghai-shenzhen-csi-300-index" target="_blank" data-smartkarma-citation="entities:22906" rel="noopener">Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY)</a> and <a href="https://www.smartkarma.com/entities/nikkei-225" target="_blank" data-smartkarma-citation="entities:22909" rel="noopener">Nikkei 225 (NKY INDEX)</a> all have elevated implied vols vs their peers and vs historical observations for October.</li>
<li>
<a href="https://www.smartkarma.com/entities/nifty-index" target="_blank" data-smartkarma-citation="entities:23617" rel="noopener">NIFTY Index (NIFTY INDEX)</a> , <a href="https://www.smartkarma.com/entities/s-p-500-index" target="_blank" data-smartkarma-citation="entities:22886" rel="noopener">S&amp;P 500 INDEX (SPX INDEX)</a> and <a href="https://www.smartkarma.com/entities/s-p-asx-200" target="_blank" data-smartkarma-citation="entities:22901" rel="noopener">S&amp;P/ASX 200 (AS51 INDEX)</a>  implied vols are on the low end of what is typically realized in October.</li>
<li>Most markets see price weakness in the 3rd week of the month with realized volatility underperforming over the back half of the month.</li>
</ul>



Hang Seng Index (HSI INDEX), Shanghai Shenzhen CSI 300 Index (SHSZ300 INDEX EQUITY) and Nikkei 225 (NKY INDEX) all have elevated implied vols vs their peers and vs historical observations for October.

NIFTY Index (NIFTY INDEX) , S&amp;P 500 INDEX (SPX INDEX) and S&amp;P/ASX 200 (AS51 INDEX)  implied vols are on the low end of what is typically realized in October.
Most markets see price weakness in the 3rd week of the month with realized volatility underperforming over the back half of the month.


EQD | Asia Monthly Vol Roadmap: Elevated IV's in CSI300 and Hang Seng Present Tactical Opportunity

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

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Samsung Electronics (SMSN LI)

Korea Value Up Index Continuing to Outperform KOSPI by Big Margin YTD

Korea Value-Up Index closed at 3,274.46 on 19 September 2026, up 82.2% YTD, outperforming KOSPI and KOSPI200 which are up 63.6% and 79.9%,...

Douglas Kim

Samsung Electronics (005930 KS) Tactical Outlook: Profit Targets

Samsung Electronics (005930 KS) is getting overbought after 3 weeks up. Rally may continue 2 weeks (profit targets discussed in insight). Tactical...

Nico Rosti

Overview #81 — More of the Same

A review of recent events/data impacting our investment themes and outlook. Current trends have shown no sign yet of reversal. OIl is flowing...

Rikki Malik

EQD | Asia Monthly Vol Roadmap: Elevated IV's in CSI300 and Hang Seng Present Tactical Opportunity

Implied volatility levels across key Asian indices present several tactical opportunities this month for outright or pairs trades...

John Ley

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Korea Value Up Index Continuing to Outperform KOSPI by Big Margin YTD

Korea Value-Up Index closed at 3,274.46 on 19 September 2026, up 82.2% YTD, outperforming KOSPI and KOSPI200 which are up 63.6% and 79.9%,...

Douglas Kim

Progress of 55 Trillion Won Share Buybacks Announced by SK Hynix and Samsung Electronics

According to Korea Exchange KIND reporting on Sept 23, Samsung Electronics repurchased 41.8 million shares over 21 trading days from Aug. 24 to...

Douglas Kim

Samsung Electronics (005930 KS) Tactical Outlook: Profit Targets

Samsung Electronics (005930 KS) is getting overbought after 3 weeks up. Rally may continue 2 weeks (profit targets discussed in insight). Tactical...

Nico Rosti

Overview #81 — More of the Same

A review of recent events/data impacting our investment themes and outlook. Current trends have shown no sign yet of reversal. OIl is flowing...

Rikki Malik

EQD | Asia Monthly Vol Roadmap: Elevated IV's in CSI300 and Hang Seng Present Tactical Opportunity

​Implied volatility levels across key Asian indices present several tactical opportunities this month for outright or pairs trades...

John Ley

Implied volatility levels across key Asian indices present several tactical opportunities this month for outright or pairs trades...