Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Samsung SDI (006400): When Is the Buying Opportunity?

Tech Supply Chain Tracker (06-May-2024): Samsung SDI boosts investment despite weak 1Q24.

Samsung SDI: Announces a 2 Trillion Won Rights Offering Capital Raise

Samsung SDI Capital Raise: A Mega Deal Rarely Seen in the Local Market

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>Samsung SDI (006400 KS) has lowered the rights offering capital raise amount by 14% to 1.7 trillion won, mainly due to the recent carnage in the global equity markets. </li>
<li>The expected rights offering price has been lowered to 146,200 won, which is 14.9% lower than current price.</li>
<li>We remain negative on Samsung SDI's rights offering capital raise mainly due to shares dilution risk. We also remain concerned that the weak demand for EVs globally could last longer.</li>
</ul>


Samsung SDI (006400 KS) has lowered the rights offering capital raise amount by 14% to 1.7 trillion won, mainly due to the recent carnage in the global equity markets. 
The expected rights offering price has been lowered to 146,200 won, which is 14.9% lower than current price.
We remain negative on Samsung SDI's rights offering capital raise mainly due to shares dilution risk. We also remain concerned that the weak demand for EVs globally could last longer.


Samsung SDI: Rights Offering Capital Raise Amount Lowered by 14% to 1.7 Trillion Won