Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Samsung Life's SamE Stake Sale: Situations & Trade Angles

Korea Synthetic Stubs: C&T at 2-Yr Low, Pure Stub Trade with Biologics

Samsung Life: Samsung Electronics-Pumped Dividend Revision Estimation

Event-Driven

Samsung C&amp;T was the most net purchased stock in Korea by local institutions last week (August 10~14).<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/153/428/original/8.png?1597776741" class="editor-image img-responsive" data-smartkarma-image-id="153428"></figure>Just in two trading days (August 12~13), local institutions had net purchased a total of ₩85bil.In contrast, they had net purchased only ₩21bil worth of Samsung Life shares during these two days.<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/153/398/original/2.png?1597772937" class="editor-image img-responsive" data-smartkarma-image-id="153398"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/153/399/original/1.png?1597773054" class="editor-image img-responsive" data-smartkarma-image-id="153399"></figure>It appears that they are putting their money on C&amp;T instead of Life for a possible stake transfer involving Sammy shares.

Samsung C&amp;T was the most net purchased stock in Korea by local institutions last week (August 10~14).Just in two trading days (August 12~13), local institutions had net purchased a total of ₩85bil.In contrast, they had net purchased only ₩21bil worth of Samsung Life shares during these two days.It appears that they are putting their money on C&amp;T instead of Life for a possible stake transfer involving Sammy shares.