In today’s briefing:
- Fresh Intel on Samsung’s Foundry Spin-Off Plan
- D’Alba Global: Financial Investors Could Unload 19% of Shares Once Lockup Ends on 22 June
- Korea FSC Plans KRX to Match NXT Trading Hours and Move to T+1 Settlement
- Samsung Electronics (005930 KS) Outlook as Foundry Spin-Off Gains Momentum
Fresh Intel on Samsung’s Foundry Spin-Off Plan
- Insiders say Google’s fast-growing phone biz now overlaps Samsung’s, sparking serious rivalry fears. This “Google shock” has become a major topic among Samsung’s top execs lately.
- Sammy’s crisis plan involves carving out System LSI from foundry, with a likely spin-off of the foundry biz as a separate entity—insiders say that’s the favored move now.
- Samsung’s restructuring sparks a tug-of-war between shareholder value erosion and foundry re-rating. A spin-off looks likely, with recent stock moves showing investor optimism.
D’Alba Global: Financial Investors Could Unload 19% of Shares Once Lockup Ends on 22 June
- D’Alba Global has been one of the best performing IPOs in Korea this year. Its share price has risen to 172,5000 won, an increase of 160% from it IPO price.
- A total of 19% of outstanding shares of D’Alba Global could start to be sold starting 22 June. That is a lot of shares!
- These are likely to put negative pressure on the shares of D’Alba Global. Therefore, we change our view on this company to Negative over the next 6-12 months.
Korea FSC Plans KRX to Match NXT Trading Hours and Move to T+1 Settlement
- If KRX adopts NXT’s pre- and after-hours fully, liquidity spreads out, weakening gap open plays and shifting focus to large-cap, event-driven LP-driven flows.
- With T+1 settlement coming, traders expect settlement pressure to fuel price dislocations—especially in ETF rebalancing and foreign-heavy stocks, where flow and FX risks may drive fresh discounts and volatility.
- Though launched pre-new admin, FSC’s plans align with the government’s push to boost KOSPI liquidity, making cancellations unlikely. Expect fast rollout—time to prep trading setups now.
Samsung Electronics (005930 KS) Outlook as Foundry Spin-Off Gains Momentum
- Sanghyun Park has reported in detail about what seems to be going on behind closed doors at Samsung in regard to the foundry spin-off: read his insight – highly recommended.
- We maintain our BUY recommendation for Samsung Electronics (005930 KS) and although we have not yet seen a strong rally, we see the stock slowly drifting upward from its bottom.
- Our short-term tactical perspective covering the next 2–3 weeks is presented in this insight.
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