Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>Street chatter points to Samsung buyback board approval likely landing in the first half of next month, pre mid month, with management increasingly focused on Hynix market cap flip risk.</li>
<li>Samsung common outperforms prefs today. Street reads it as management leaning into Hynix relative performance and skewed toward common driven flow impact.</li>
<li>Lean into Hynix ADR setup with overhang reinforcing long Samsung short Hynix. July buyback flow adds tailwind. Square Hynix outperformance may re lock into listing window despite today's pullback.</li>
</ul>


Street chatter points to Samsung buyback board approval likely landing in the first half of next month, pre mid month, with management increasingly focused on Hynix market cap flip risk.
Samsung common outperforms prefs today. Street reads it as management leaning into Hynix relative performance and skewed toward common driven flow impact.
Lean into Hynix ADR setup with overhang reinforcing long Samsung short Hynix. July buyback flow adds tailwind. Square Hynix outperformance may re lock into listing window despite today's pullback.


Samsung Electronics Pref Shares (005935 KS)

Samsung July Buyback: Impact on the Hynix ADR Listing Setup

SK Square

Samsung July Buyback: Impact on the Hynix ADR Listing Setup