In today’s briefing:
- Samsung’s 10T KRW Buyback Phase 2: The Timing of the Drop and How the Structure Is Looking
- Apple, Alibaba Join Forces to Bring AI to iPhones in China
- Last Week in Event SPACE: Trend Micro, Furukawa, Melco, Ingenia/Lifestyle
Samsung’s 10T KRW Buyback Phase 2: The Timing of the Drop and How the Structure Is Looking
- The 2nd phase of the buyback, around 3T KRW with a 3-month window, could drop this week, likely by mid- or end-week.
- The market’s worried Samsung might not retire the shares this time and could handle them differently.
- The latest talk is that Samsung will retire the shares immediately, like Phase 1. This could be an inflection point for solid short-term price action—time to set up positions.
Apple, Alibaba Join Forces to Bring AI to iPhones in China
Apple Inc. has teamed up with e-commerce giant Alibaba Group Holding Ltd. to develop artificial intelligence (AI) features for iPhones in China, sources familiar with the matter told Caixin.
The iPhone maker is intensifying its collaboration with Alibaba on AI large model technology, but it remains unclear whether Apple will work exclusively with a single company, according to three sources.
Apple and Alibaba haven’t replied to Caixin’s inquires.
Last Week in Event SPACE: Trend Micro, Furukawa, Melco, Ingenia/Lifestyle
- Reportedly buyout firms are “vying for” Trend Micro Inc (4704 JP). The stock went limit up today. Again. The stock is now getting to the expensive side.
- Furukawa (5715 JP) has changed their capital allocation policy for the third time. The company is a cyclical, and will likely always suffer the indignity of a cyclical multiple.
- While it often pays to follows where the family invests when assessing holdco structures, Melco International (200 HK)‘s NAV discount is simply too narrow for a simple holding company structure.
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