Director, Head of Research, Smartkarma

Pranav Rao

Director, Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

<ul>
<li>Welcome to Curator’s Cut - a fortnightly roundup of standout themes from the 1,500+ insights shared on Smartkarma. We're back after a brief one-issue hiatus.</li>
<li>In this cut, we revisit memory's grip on the record-breaking KOSPI, count down to the record-setting <a href="https://www.smartkarma.com/entities/space-exploration-technologies-corp-spacex" target="_blank" data-smartkarma-citation="entities:33284:1" rel="noopener">SpaceX (SPCX US)</a> IPO, and unpack cooling iron ore prices.</li>
<li>Want to dig deeper? Comment or message with the themes you’d like to see highlighted next.</li>
</ul>


Welcome to Curator’s Cut - a fortnightly roundup of standout themes from the 1,500+ insights shared on Smartkarma. We're back after a brief one-issue hiatus.
In this cut, we revisit memory's grip on the record-breaking KOSPI, count down to the record-setting SpaceX (SPCX US) IPO, and unpack cooling iron ore prices.
Want to dig deeper? Comment or message with the themes you’d like to see highlighted next.


Curator's Cut: Memory's Hold on the KOSPI, Counting Down to SpaceX & Iron Ore's Cold Snap

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

<ul>
<li>Doosan Corp has completed the final stage negotiations to acquire SK Siltron and they are expected to sign the stock purchase agreement (SPA) as early as next week. </li>
<li>The sale of SK Siltron to Doosan Corp is likely to positively impact SK Inc (owns 51%). </li>
<li>This sale could also result in SK Chairman Chey Tae-Won receiving nearly 1.5 trillion won in cash for his sale of 29.4% stake which could be used for divorce settlement. </li>
</ul>


Doosan Corp has completed the final stage negotiations to acquire SK Siltron and they are expected to sign the stock purchase agreement (SPA) as early as next week. 
The sale of SK Siltron to Doosan Corp is likely to positively impact SK Inc (owns 51%). 
This sale could also result in SK Chairman Chey Tae-Won receiving nearly 1.5 trillion won in cash for his sale of 29.4% stake which could be used for divorce settlement. 


Doosan Corp to Acquire 100% Stake in SK Siltron - Positive Impact on SK Inc

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Four stocks remain, 10 new join the fray</li>
<li>Since its inception, it has generated a before-fee total return of 332% versus the MSCI Asia ex Japan of 216%</li>
</ul>


We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology
Portfolio changes: Four stocks remain, 10 new join the fray
Since its inception, it has generated a before-fee total return of 332% versus the MSCI Asia ex Japan of 216%


<ul>
<li>SK Inc (034730 KS) announced that it will cancel about 4.8 trillion won ($3.3 billion) worth of treasury shares, representing about 20.3% of its outstanding shares.</li>
<li>This should have a big positive impact on SK Inc's share price. The treasury shares cancellation date is scheduled for 4 January 2027.</li>
<li><em><strong>Our updated NAV valuation suggests target NAV per share of 662,130 won, which is 82% higher than current price. </strong></em></li>
</ul>


SK Inc (034730 KS) announced that it will cancel about 4.8 trillion won ($3.3 billion) worth of treasury shares, representing about 20.3% of its outstanding shares.
This should have a big positive impact on SK Inc's share price. The treasury shares cancellation date is scheduled for 4 January 2027.
Our updated NAV valuation suggests target NAV per share of 662,130 won, which is 82% higher than current price. 


SK Inc: Cancellation of 20.3% of Outstanding Shares

Equity Bottom-Up

<ul>
<li>In this insight, we provide an update on SK Inc (034730 KS) which is our 2026 high conviction pick.</li>
<li>On 10 February, SK Inc announced annual DPS of 8,000 won for 2025, up 14% YoY. This represents a dividend yield of 2.4%. </li>
<li>Our updated NAV valuation suggests target NAV per share of 465,286 won, which is 41% higher than current price.</li>
</ul>


In this insight, we provide an update on SK Inc (034730 KS) which is our 2026 high conviction pick.
On 10 February, SK Inc announced annual DPS of 8,000 won for 2025, up 14% YoY. This represents a dividend yield of 2.4%. 
Our updated NAV valuation suggests target NAV per share of 465,286 won, which is 41% higher than current price.


An Update on SK Inc (2026 High Conviction Pick)

South Korea

SK Holdings Co., Ltd. is a holdings company that is engaged in various industries including energy, chemicals, information technology, semiconductors, marketing, and services businesses in South Korea and internationally.

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SK Inc (034730 KS)

Curator's Cut: Memory's Hold on the KOSPI, Counting Down to SpaceX & Iron Ore's Cold Snap

Discover standout themes from Smartkarma's insights on KOSPI, SpaceX IPO, and iron ore prices in the latest Curator's Cut. Comment to suggest...

Pranav Rao

Doosan Corp to Acquire 100% Stake in SK Siltron - Positive Impact on SK Inc

Doosan Corp set to acquire SK Siltron, potentially benefiting SK Inc and providing Chairman Chey Tae-Won with significant cash for divorce...

Douglas Kim

The Stocks to Own in Asia – Vol. 54

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Four stocks remain, 10 new join the fray.

A. Stotz Investment Research

SK Inc: Cancellation of 20.3% of Outstanding Shares

Our updated NAV valuation of SK suggests a target NAV per share of 662,130 won, which is 82% higher than current price. SK Inc announced that it...

Douglas Kim

An Update on SK Inc (2026 High Conviction Pick)

We believe there is a 30% chance the Korean govt concludes mandatory treasury share cancellations by late February, a 40% chance in March, and a...

Douglas Kim

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Curator's Cut: Memory's Hold on the KOSPI, Counting Down to SpaceX & Iron Ore's Cold Snap

​Discover standout themes from Smartkarma's insights on KOSPI, SpaceX IPO, and iron ore prices in the latest Curator's Cut. Comment to suggest...

Pranav Rao

Doosan Corp to Acquire 100% Stake in SK Siltron - Positive Impact on SK Inc

​Doosan Corp set to acquire SK Siltron, potentially benefiting SK Inc and providing Chairman Chey Tae-Won with significant cash for divorce...

Douglas Kim

The Stocks to Own in Asia – Vol. 54

We highlight 14 stocks in Asia that look interesting to us based on our FVMR methodology. Portfolio changes: Four stocks remain, 10 new join the fray.

A. Stotz Investment Research

SK Inc: Cancellation of 20.3% of Outstanding Shares

Our updated NAV valuation of SK suggests a target NAV per share of 662,130 won, which is 82% higher than current price. SK Inc announced that it...

Douglas Kim

An Update on SK Inc (2026 High Conviction Pick)

We believe there is a 30% chance the Korean govt concludes mandatory treasury share cancellations by late February, a 40% chance in March, and a...

Douglas Kim

Discover standout themes from Smartkarma's insights on KOSPI, SpaceX IPO, and iron ore prices in the latest Curator's Cut. Comment to suggest...

Doosan Corp set to acquire SK Siltron, potentially benefiting SK Inc and providing Chairman Chey Tae-Won with significant cash for divorce...