External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Equity Bottom-Up

<ul><li>We maintain our target price of W40,000 for Samwha Capacitor.</li><li>While the structural growth trend led by automotive and industrial MLCCs remains intact, we maintain a cautious view on demand from home appliances and TVs.</li><li>Automotive MLCCs should continue to deliver stable growth, supported by a structural increase in MLCC content per vehicle driven by wider ADAS adoption. R</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We maintain our target price of W40,000 for Samwha Capacitor.While the structural growth trend led by automotive and industrial MLCCs remains intact, we maintain a cautious view on demand from home appliances and TVs.Automotive MLCCs should continue to deliver stable growth, supported by a structural increase in MLCC content per vehicle driven by wider ADAS adoption. RContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samwha Capacitor (001820 KS/Buy)Automotive Segment Remains Solid..

<ul><li>We maintain our target price of W40,000 for Samwha Capacitor.</li><li>While the structural growth trend led by automotive and industrial MLCCs remains intact, we maintain a cautious view on demand from home appliances and TVs.</li><li>Automotive MLCCs should continue to deliver stable growth, supported by a structural increase in MLCC content per vehicle driven by wider ADAS adoption. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We maintain our target price of W40,000 for Samwha Capacitor.While the structural growth trend led by automotive and industrial MLCCs remains intact, we maintain a cautious view on demand from home appliances and TVs.Automotive MLCCs should continue to deliver stable growth, supported by a structural increase in MLCC content per vehicle driven by wider ADAS adoption. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samwha Capacitor (001820 KS/Buy)Automotive Segment Remains Solid...

Asia Pac ECM and Index Rebal, DZT Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of Apr 10th. The aggregated short interest was USD15.7bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in LS ELECTRIC, DL E&amp;C, HD HYUNDAI HEAVY INDUSTRIES, Samsung Electronics, DONGJIN.</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Apr 10th. The aggregated short interest was USD15.7bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in LS ELECTRIC, DL E&amp;C, HD HYUNDAI HEAVY INDUSTRIES, Samsung Electronics, DONGJIN.


KRX Short Interest Weekly (Apr 10th): LS ELECTRIC, DL E&C, HD HYUNDAI HEAVY INDUSTRIES

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of Mar 27th. The aggregated short interest was USD14.6bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in HDKSOE, HyundaiEng&amp;Const, Hanmi Semi, HYBE, ECOPROBM.</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Mar 27th. The aggregated short interest was USD14.6bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in HDKSOE, HyundaiEng&amp;Const, Hanmi Semi, HYBE, ECOPROBM.


KRX Short Interest Weekly (Mar 27th): HDKSOE, HyundaiEng&Const, Hanmi Semi, HYBE, ECOPROBM

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Cross Asset Strategy

<div class="content-highlight">
On 9 April, the <a href="https://www.reuters.com/article/southkorea-nps/update-1-s-koreas-pension-fund-adjusts-rules-to-raise-domestic-equity-allocation-idUSL1N2M20EN" target="_blank" rel="noopener">NPS</a> announced that it will change rules to increase the allocation of Korean stocks, which would be the first time in a decade. This adjustment could be implemented starting next week. This change comes after a lot of pressure by the retail investors.
NPS increased the strategic asset allocation (SAA) limit for domestic equities from the current 2% to 3%, increasing the percentage of Korean stocks it can hold from the current band of 14.8% -18.8% (+/- 2% with 16.8% as base) to 13.8% -19.8% (+/- 3% with 16.8% as base). NPS's target of the domestic equity allocation is 16.8% (of total fund amount). As a result of this change, the sale of domestic stocks by the NPS is expected to slow down.
</div>


On 9 April, the NPS announced that it will change rules to increase the allocation of Korean stocks, which would be the first time in a decade. This adjustment could be implemented starting next week. This change comes after a lot of pressure by the retail investors.
NPS increased the strategic asset allocation (SAA) limit for domestic equities from the current 2% to 3%, increasing the percentage of Korean stocks it can hold from the current band of 14.8% -18.8% (+/- 2% with 16.8% as base) to 13.8% -19.8% (+/- 3% with 16.8% as base). NPS's target of the domestic equity allocation is 16.8% (of total fund amount). As a result of this change, the sale of domestic stocks by the NPS is expected to slow down.


South Korea

Samwha Capacitor Co., Ltd. manufactures various types of capacitors used in high voltage transformers in residential houses and commercial buildings. The Company's products include film capacitors, ceramic capacitors, and chip capacitors.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Samwha Capacitor (001820 KS)