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 Electronics: Lee Jae-Yong Orders the Creation of a New Task Force to Raise Shareholder Value

Trading Ideas on the Possibility of Samsung Electronics' Special Shareholder Returns

Softbank Seeking A "Strategic Alliance" Between Samsung Electronics and ARM?

Samsung's Lee Jae-Yong Receives Pardon & Get Out of Jail Card: A Signal of Major M&As by Samsung?

Samsung C&T: Deep Discount NAV, Capital Shifting to Value/Holdcos, & Trading Business Boost

Samsung C&T and Hyundai E&C: Two Main Beneficiaries of Neom (World's Biggest Construction Project)

Equity Bottom-Up

<ul>
<li>Our base case NAV valuation of Samsung C&amp;T is 147,095 won per share, representing 20% higher than current share price.</li>
<li>Samsung C&amp;T is up 4.7% YTD, significantly outperforming the market and its major affiliates including Samsung Electronics (down 24.9% YTD).</li>
<li>We mention four major factors leading Samsung C&amp;T to outperform Samsung Electronics' shares this year including shift to value stocks, Neom project, higher commodity prices, and downturn in semiconductor sector.</li>
</ul>


Our base case NAV valuation of Samsung C&amp;T is 147,095 won per share, representing 20% higher than current share price.
Samsung C&amp;T is up 4.7% YTD, significantly outperforming the market and its major affiliates including Samsung Electronics (down 24.9% YTD).
We mention four major factors leading Samsung C&amp;T to outperform Samsung Electronics' shares this year including shift to value stocks, Neom project, higher commodity prices, and downturn in semiconductor sector.


삼성물산, NAV 할인율 격차 해소