Daily Brief South Korea: Samsung Electronics, Y G 1 Co Ltd and more

• Back on October 24th we forecastedSamsung Electronics (005930 KS)‘s pullback. Samsung pulled back 1 week after, ended in the support BUY zone we predicted and rallied higher from there.
• Now, fast-forward to December 8th, Samsung Electronics (005930 KS) is getting very close to the previous top at 112,400. Our model says the stock is overbought. 
• Double top? Not necessarily, but in the short-term the stock is about to pullback again. Our analysis tries to identify when the pullback can happen and where to enter LONG.

• Y G-1 is a major global manufacturer of cutting tools, ranking among the top five worldwide in the end mill sector. The company possesses a diversified product portfolio serving various industries, including automotive and aerospace, which are key demand drivers.
• The company’s financial performance has been challenged recently, with declining net income and margins over the past three years, alongside volatile and often negative cash flow. This reflects the cyclical nature of its end markets and intense industry competition.
• Forward-looking, the company’s growth is tied to the recovery and expansion of global manufacturing, particularly in high-value sectors like electric vehicles and aerospace. Its success will depend on navigating raw material price fluctuations and leveraging technological advancements in cutting tools.

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