In today’s briefing:
- Lower Corporate Tax Rate in Korea Could Be an Extra Alpha Kicker
- The Week That Was in ASEAN@Smartkarma – Metrodata Electronics, Arwana, and Emperador in Singapore
- CX Daily: Chinese Carmakers Jostle For An Edge In Autonomous Driving
- The Commodity Report #61
Lower Corporate Tax Rate in Korea Could Be an Extra Alpha Kicker
- We believe that there is a relatively high probability that the Korean government will lower the highest corporate tax rate bracket from 25% to 22% starting next year.
- A 3% change in corporate tax rate should result in about 4% higher net profit for Korean companies.
- Among the top 30 companies in Korea, we believe the companies with the biggest impact on lowering their tax rates include LG Electronics, Naver, Kakao Corp, SK Innovation, and KT&G.
The Week That Was in ASEAN@Smartkarma – Metrodata Electronics, Arwana, and Emperador in Singapore
- The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity bottom-up, from across South East Asia.
- The past week saw insights on PT Metrodata Electronics, Arwana Citramulia,Emperador (EMI SP), Cocoaland Holdings, Total Access Communication, and Thai Life Insurance (TLI TB).
- There were also insights in Thailand on Kasikornbank, PTT E&P, and Central Plaza Hotel as we enter results season plus SeaMoney (Sea Ltd (SE US)), and Adaro Energy.
CX Daily: Chinese Carmakers Jostle For An Edge In Autonomous Driving
- Chinese carmakers jostle for an edge in autonomous driving
- Nearly 9,000 people died in work safety incidents this year, ministry says
- China banking regulator pushes smaller banks to dispose of bad loans
The Commodity Report #61
- The war premium for energy components disappears
- High prices combined with slowing economic growth lead indeed to now visible demand destruction (see analysis by Pro Vision Macro below)
- Lots of speculative positioning is getting washed out of the market
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
