Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Quantitative Analysis

<div><p>The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.</p></div><div><p>Hong Kong saw shorts rise on <a href="https://www.smartkarma.com/entities/ind-comm-bk-of-china-h" target="_blank" data-smartkarma-citation="entities:1119:1" rel="noopener">ICBC (H) (1398 HK)</a>, <a href="https://www.smartkarma.com/entities/china-mobile-ltd" target="_blank" data-smartkarma-citation="entities:27:1" rel="noopener">China Mobile (941 HK)</a>, <a href="https://www.smartkarma.com/entities/cnooc-ltd" target="_blank" data-smartkarma-citation="entities:175:1" rel="noopener">CNOOC Ltd (883 HK)</a> and <a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> while there was short covering on <a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a>, <a href="https://www.smartkarma.com/entities/xinyi-solar-holdings-ltd" target="_blank" data-smartkarma-citation="entities:318:1" rel="noopener">Xinyi Solar Holdings (968 HK)</a>, <a href="https://www.smartkarma.com/entities/hong-kong-exchanges-clearing" target="_blank" data-smartkarma-citation="entities:490:1" rel="noopener">HKEX (388 HK)</a> and <a href="https://www.smartkarma.com/entities/jd-com-inc" target="_blank" data-smartkarma-citation="entities:29043:1" rel="noopener">JD.com (HK) (9618 HK)</a>. Shorts increased on Communication Services, Energy and Consumer Staples, and decreased on Information Technology, Financials and Consumer Discretionary.</p></div><div><p>In Japan, stocks that saw the most shorts were <a href="https://www.smartkarma.com/entities/change-inc" target="_blank" data-smartkarma-citation="entities:27414:1" rel="noopener">Change Inc (3962 JP)</a>, <a href="https://www.smartkarma.com/entities/advantest-corp" target="_blank" data-smartkarma-citation="entities:18107:1" rel="noopener">Advantest Corp (6857 JP)</a>, <a href="https://www.smartkarma.com/entities/renova-inc" target="_blank" data-smartkarma-citation="entities:26753:1" rel="noopener">RENOVA Inc (9519 JP)</a> and <a href="https://www.smartkarma.com/entities/shimamura-co-ltd" target="_blank" data-smartkarma-citation="entities:15213:1" rel="noopener">Shimamura (8227 JP)</a> while shorts decreased on <a href="https://www.smartkarma.com/entities/honda-motor-co-ltd" target="_blank" data-smartkarma-citation="entities:154:1" rel="noopener">Honda Motor (7267 JP)</a>, <a href="https://www.smartkarma.com/entities/kao-corp" target="_blank" data-smartkarma-citation="entities:12933:1" rel="noopener">Kao Corp (4452 JP)</a>, <a href="https://www.smartkarma.com/entities/canon-inc" target="_blank" data-smartkarma-citation="entities:1:1" rel="noopener">Canon Inc (7751 JP)</a> and <a href="https://www.smartkarma.com/entities/bridgestone-corp" target="_blank" data-smartkarma-citation="entities:8914:1" rel="noopener">Bridgestone Corp (5108 JP)</a>. Sectorally, shorts increased on Utilities and Communication Services, while decreasing on Consumer Discretionary, Consumer Staples, Information Technology and Industrials.</p></div><div><p>In Korea, there were short positions put on in <a href="https://www.smartkarma.com/entities/kt-corp" target="_blank" data-smartkarma-citation="entities:1112:1" rel="noopener">KT Corp (030200 KS)</a>, <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" data-smartkarma-citation="entities:191:1" rel="noopener">Samsung Electronics (005930 KS)</a>, <a href="https://www.smartkarma.com/entities/lg-uplus-corp" target="_blank" data-smartkarma-citation="entities:1113:1" rel="noopener">LG Uplus Corp (032640 KS)</a> and <a href="https://www.smartkarma.com/entities/kakao-corp" target="_blank" data-smartkarma-citation="entities:15002:1" rel="noopener">Kakao Corp (035720 KS)</a>. </p></div><div><p>Stocks in Taiwan that saw the highest increase in shorts were <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">TSMC (2330 TT)</a>, <a href="https://www.smartkarma.com/entities/largan-precision-co-ltd" target="_blank" data-smartkarma-citation="entities:9126:1" rel="noopener">Largan Precision (3008 TT)</a>, <a href="https://www.smartkarma.com/entities/pegatron-corp" target="_blank" data-smartkarma-citation="entities:12852:1" rel="noopener">Pegatron Corp (4938 TT)</a> and <a href="https://www.smartkarma.com/entities/asustek-computer-inc" target="_blank" data-smartkarma-citation="entities:13002:1" rel="noopener">Asustek Computer (2357 TT)</a> while shorts were covered on <a href="https://www.smartkarma.com/entities/evergreen-marine-corp-ltd" target="_blank" data-smartkarma-citation="entities:15428:1" rel="noopener">Evergreen Marine Corp (2603 TT)</a>, <a href="https://www.smartkarma.com/entities/walsin-technology-corp" target="_blank" data-smartkarma-citation="entities:11084:1" rel="noopener">Walsin Technology (2492 TT)</a>, <a href="https://www.smartkarma.com/entities/richwave-technology-corp" target="_blank" data-smartkarma-citation="entities:18629:1" rel="noopener">Richwave Technology (4968 TT)</a> and <a href="https://www.smartkarma.com/entities/pan-jit-international-inc" target="_blank" data-smartkarma-citation="entities:12501:1" rel="noopener">Pan Jit International (2481 TT)</a>. </p></div>

The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong Kong, Japan, Korea and Taiwan using the last available data published by the relevant authorities.Hong Kong saw shorts rise on ICBC (H) (1398 HK), China Mobile (941 HK), CNOOC Ltd (883 HK) and BYD (1211 HK) while there was short covering on Xiaomi Corp (1810 HK), Xinyi Solar Holdings (968 HK), HKEX (388 HK) and JD.com (HK) (9618 HK). Shorts increased on Communication Services, Energy and Consumer Staples, and decreased on Information Technology, Financials and Consumer Discretionary.In Japan, stocks that saw the most shorts were Change Inc (3962 JP), Advantest Corp (6857 JP), RENOVA Inc (9519 JP) and Shimamura (8227 JP) while shorts decreased on Honda Motor (7267 JP), Kao Corp (4452 JP), Canon Inc (7751 JP) and Bridgestone Corp (5108 JP). Sectorally, shorts increased on Utilities and Communication Services, while decreasing on Consumer Discretionary, Consumer Staples, Information Technology and Industrials.In Korea, there were short positions put on in KT Corp (030200 KS), Samsung Electronics (005930 KS), LG Uplus Corp (032640 KS) and Kakao Corp (035720 KS). Stocks in Taiwan that saw the highest increase in shorts were TSMC (2330 TT), Largan Precision (3008 TT), Pegatron Corp (4938 TT) and Asustek Computer (2357 TT) while shorts were covered on Evergreen Marine Corp (2603 TT), Walsin Technology (2492 TT), Richwave Technology (4968 TT) and Pan Jit International (2481 TT). 

Asia Short Interest: China Mobile, CNOOC, Xiaomi, JD, Change, KT, Samsung, TSMC, Largan

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

<p>This morning, <a href="https://www.smartkarma.com/entities/sk-telecom-co-ltd-bbccd86c-474d-4a4d-946d-10e911a225a2" target="_blank" data-smartkarma-citation="entities:395:1" rel="noopener">SK Telecom (017670 KS)</a> announced that it will buy back 500 billion won worth of its shares, representing 2.5% of its shares outstanding. Currently, SK Telecom has 80.745 million common shares outstanding, of which 7.609 million shares are for treasury (9.4% of shares outstanding). After the completion of this share buyback program, SK Telecom will have nearly 11.9% shares in the treasury. The consensus expects SK Telecom to generate free cash flow of 1.3 trillion won in 2020 so this share buyback represents about 38% of its free cash flow this year. </p><p>SK Telecom has been rallying versus LG Uplus in the past several months with the former stock up 13.7% in the past three months and the latter stock down 8.0% during the same period. This is despite the fact that LG Uplus reported a much better 2Q20 earnings report than SK Telecom. Why? We believe the following are the major reasons:</p><ul>
<li><strong>IPOs of SK Telecom affiliates</strong></li>
<li><strong>Share buyback by SK Telecom</strong></li>
<li><p><strong>U.S. Government Requests LG Uplus to Stop Using Huawei Products</strong></p></li>
</ul>

This morning, SK Telecom (017670 KS) announced that it will buy back 500 billion won worth of its shares, representing 2.5% of its shares outstanding. Currently, SK Telecom has 80.745 million common shares outstanding, of which 7.609 million shares are for treasury (9.4% of shares outstanding). After the completion of this share buyback program, SK Telecom will have nearly 11.9% shares in the treasury. The consensus expects SK Telecom to generate free cash flow of 1.3 trillion won in 2020 so this share buyback represents about 38% of its free cash flow this year. SK Telecom has been rallying versus LG Uplus in the past several months with the former stock up 13.7% in the past three months and the latter stock down 8.0% during the same period. This is despite the fact that LG Uplus reported a much better 2Q20 earnings report than SK Telecom. Why? We believe the following are the major reasons:
IPOs of SK Telecom affiliates
Share buyback by SK Telecom
U.S. Government Requests LG Uplus to Stop Using Huawei Products


SK Telecom - Announces Share Buyback of 500 Billion Won

Global TMT analyst with Asia ex-Japan focus.

Mitchell Kim

Thematic (Sector/Industry)

<ul type="disc">
<li>
<strong>In this report, we highlight the best money making ideas by identifying the winners and the losers of the sectors in the 5G value chain. </strong>For investors looking for 5G thematic ideas, we provide a snapshot of the sectors in the 5G value chain.  To distill our ideas, we focus on three positive factors: 1) does 5G generate new customers or revenue sources? 2) does it lead to market share changes? And 3) are the sectors in the upward cycle still in play? </li>
<li>
<strong>The sectors we like in the 5G context are Internet technology platforms, smartphones/devices, 5G infrastructure vendors, PCB and small cell technology providers, and selective telecom operators. </strong>We are bullish on Southeast Asian telcos but bearish on North Asian telcos.  </li>
</ul><ul type="disc"><li>
<strong>Our contrarian buys in the telecom sector are <a href="https://www.smartkarma.com/entities/advanced-info-service-pcl" target="_blank" data-smartkarma-citation="entities:947:1" rel="noopener">Advanced Info Service (ADVANC TB)</a> and <a href="https://www.smartkarma.com/entities/globe-telecom-inc" target="_blank" data-smartkarma-citation="entities:1926:1" rel="noopener">Globe Telecom (GLO PM)</a>.</strong> They operate in markets with low fixed broadband penetration and weak incumbent fixed broadband operators.  5G FWA (fixed wireless access) will allow these operators to expand fixed broadband penetration and also gain market share.  </li></ul><ul type="disc">
<li>
<strong>Avoid North Asia telecom operators.</strong> North Asian telecom stocks languished because they did not generate sufficient returns on 3G and 4G. 5G is no different.    </li>
<li>
<strong>5G provides low priced smartphone maker <a href="https://www.smartkarma.com/entities/xiaomi-corp" target="_blank" data-smartkarma-citation="entities:24409:1" rel="noopener">Xiaomi Corp (1810 HK)</a> another opportunity to gain market share as did 4G</strong>, but it will not lead to total handset shipment growth for top brands, in our view. </li>
<li>
<strong>The best time to take a position in telecom equipment vendors is pre-launch and in the first two years of the new generation technology launch</strong>. <strong><a href="https://www.smartkarma.com/entities/zte-corp-h" target="_blank" data-smartkarma-citation="entities:6922:1" rel="noopener">Zte Corp H (763 HK)</a></strong> is trading below its 10-year mean P/E.  </li>
</ul><hr><div class="content-highlight">
<h2>What’s Original?</h2>
<p>We set out in this report to be different from others by avoiding a menu of stocks and the size of the markets in the 5G ecosystem and, instead, recommend several key thematic ideas distilled by analyzing more in-depth the drivers of three key sectors to determine where the market is overly bullish or overlooking the opportunities or where the 5G factor has not yet been priced-in. </p>
<ul>
<li>We analyzed the stock price performances of these sectors to review how they behaved during the 4G deployment to ascertain how they may react to 5G.</li>
<li>We conducted a proprietary analysis of the size of the potential revenue from billions of IoT connections that the industry is touting in the long term.</li>
<li>We provide a RoIC analysis of the Chinese telecom operators' 3G/4G investments to better understand why the Chinese telecom operators invest less in 5G than the figures promoted by the governments or the industry research firms.   </li>
<li>We compare our Capex forecasts with the industry projection to assess the opportunities and risks. </li>
</ul>
</div>



In this report, we highlight the best money making ideas by identifying the winners and the losers of the sectors in the 5G value chain. For investors looking for 5G thematic ideas, we provide a snapshot of the sectors in the 5G value chain.  To distill our ideas, we focus on three positive factors: 1) does 5G generate new customers or revenue sources? 2) does it lead to market share changes? And 3) are the sectors in the upward cycle still in play? 

The sectors we like in the 5G context are Internet technology platforms, smartphones/devices, 5G infrastructure vendors, PCB and small cell technology providers, and selective telecom operators. We are bullish on Southeast Asian telcos but bearish on North Asian telcos.  

Our contrarian buys in the telecom sector are Advanced Info Service (ADVANC TB) and Globe Telecom (GLO PM). They operate in markets with low fixed broadband penetration and weak incumbent fixed broadband operators.  5G FWA (fixed wireless access) will allow these operators to expand fixed broadband penetration and also gain market share.  

Avoid North Asia telecom operators. North Asian telecom stocks languished because they did not generate sufficient returns on 3G and 4G. 5G is no different.    

5G provides low priced smartphone maker Xiaomi Corp (1810 HK) another opportunity to gain market share as did 4G, but it will not lead to total handset shipment growth for top brands, in our view. 

The best time to take a position in telecom equipment vendors is pre-launch and in the first two years of the new generation technology launch. Zte Corp H (763 HK) is trading below its 10-year mean P/E.  

What’s Original?
We set out in this report to be different from others by avoiding a menu of stocks and the size of the markets in the 5G ecosystem and, instead, recommend several key thematic ideas distilled by analyzing more in-depth the drivers of three key sectors to determine where the market is overly bullish or overlooking the opportunities or where the 5G factor has not yet been priced-in. 

We analyzed the stock price performances of these sectors to review how they behaved during the 4G deployment to ascertain how they may react to 5G.
We conducted a proprietary analysis of the size of the potential revenue from billions of IoT connections that the industry is touting in the long term.
We provide a RoIC analysis of the Chinese telecom operators' 3G/4G investments to better understand why the Chinese telecom operators invest less in 5G than the figures promoted by the governments or the industry research firms.   
We compare our Capex forecasts with the industry projection to assess the opportunities and risks. 



<p>This morning, it was widely reported in several <a href="https://n.news.naver.com/article/016/0001702806?cds=news_edit" target="_blank" rel="noopener">local media</a> that the Robert Strayer (Deputy Assistant Secretary at the U.S. State Department's Bureau of Economic and Business Affairs for Cyber and International Communications and Information Policy ) has formally requested <a href="https://www.smartkarma.com/entities/lg-uplus-corp" target="_blank" data-smartkarma-citation="entities:1113:1" rel="noopener">LG Uplus Corp (032640 KS)</a> to stop using Huawei's telecom products and discontinue all transactions with Huawei since this is a <a href="http://world.kbs.co.kr/service/news_view.htm?lang=e&amp;Seq_Code=155046" target="_blank" rel="noopener">"serious safety issue." </a>Instead, LG Uplus should switch to "trusted vendors." </p><div class="content-highlight">
<p><strong>The most likely issue is to delay as much as possible on making any change to the current structure of LG Uplus continuing to depend on Huawei for a big portion of its 5G telecom equipment products.</strong></p>
<p><strong>Impact on LG Uplus - </strong>We believe that the U.S. government's formal request for LG Uplus to stop using Huawei's telecom equipment products is a clear negative on the share price of LG Plus since it brings into play too much government interference. Operating a major telecom service business is as tough as it is, once you get this much political interference involving the three major countries (U.S., China, and Korea), there are bound to be some negative impact on the perception of this stock in the near term. (Today, LG Uplus's share price has fallen 5% to 11,500 won).</p>
</div>

This morning, it was widely reported in several local media that the Robert Strayer (Deputy Assistant Secretary at the U.S. State Department's Bureau of Economic and Business Affairs for Cyber and International Communications and Information Policy ) has formally requested LG Uplus Corp (032640 KS) to stop using Huawei's telecom products and discontinue all transactions with Huawei since this is a "serious safety issue." Instead, LG Uplus should switch to "trusted vendors." 
The most likely issue is to delay as much as possible on making any change to the current structure of LG Uplus continuing to depend on Huawei for a big portion of its 5G telecom equipment products.
Impact on LG Uplus - We believe that the U.S. government's formal request for LG Uplus to stop using Huawei's telecom equipment products is a clear negative on the share price of LG Plus since it brings into play too much government interference. Operating a major telecom service business is as tough as it is, once you get this much political interference involving the three major countries (U.S., China, and Korea), there are bound to be some negative impact on the perception of this stock in the near term. (Today, LG Uplus's share price has fallen 5% to 11,500 won).


The U.S. Government Formally Requests LG Uplus to Stop Using Huawei Products

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Event-Driven

<p>LG Uplus and SK Telecom are probably the tightest sector duo for pair trade. As shown below, they are highly correlated and tightly integrated. The 2-yr correlation coefficient is 0.88. The 120D also sits at close to 0.9.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/133/169/original/3.png?1589340984" class="editor-image img-responsive" data-smartkarma-image-id="133169"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/133/174/original/chart%20%286%29.png?1589341138" class="editor-image img-responsive" data-smartkarma-image-id="133174"></figure><p>Where are they now on a 20D MA? Well, they are currently at +2.7σ. Both have performed quite strongly lately, thanks to the "UNTACT" trend (a newly coined word in Korea by adding the prefix "un" to "contact" to indicate no contact). But between them, LG Uplus has substantially outperformed SK Telecom. Now, it is getting a little too extreme. The price ratio is at the highest in two years.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/133/168/original/1.png?1589340973" class="editor-image img-responsive" data-smartkarma-image-id="133168"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/133/175/original/5.png?1589341983" class="editor-image img-responsive" data-smartkarma-image-id="133175"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/133/170/original/2.png?1589340997" class="editor-image img-responsive" data-smartkarma-image-id="133170"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/133/171/original/chart.png?1589341024" class="editor-image img-responsive" data-smartkarma-image-id="133171"></figure><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/133/172/original/chart%20%283%29.png?1589341035" class="editor-image img-responsive" data-smartkarma-image-id="133172"></figure>

LG Uplus and SK Telecom are probably the tightest sector duo for pair trade. As shown below, they are highly correlated and tightly integrated. The 2-yr correlation coefficient is 0.88. The 120D also sits at close to 0.9.Where are they now on a 20D MA? Well, they are currently at +2.7σ. Both have performed quite strongly lately, thanks to the "UNTACT" trend (a newly coined word in Korea by adding the prefix "un" to "contact" to indicate no contact). But between them, LG Uplus has substantially outperformed SK Telecom. Now, it is getting a little too extreme. The price ratio is at the highest in two years.

LG Uplus at 2-Yr High Relative to SK Telecom: Time to Trade

South Korea

KINX INC is the Internet linkage and line adapter service providing firm.  The Company provides IX and Internet Data Center service to the network service providers to reduce the traffic and to contruct Internet infrastructure.  KINX also provides VoIP service.

Sejong Telecom, Inc. develops and provides various telecom service.  The Company's main service include international phone call, Internet phone call, and long distance call.

ECS Telecom Co.,Ltd. is a provider of communication products and services.  The company offers private branch exchange (PBX), IP telephony, contact center solution, and trading system.

KT Corporation provides telecommunication services including local, long distance, and international calling, satellite communication, data transmission, and wireless telephone services in South Korea.  The Company also offers network portal and high-speed Internet access services using asymmetric digital subscriber lines (ADSLs).

Netmarble Corporation develops and publishes mobile games. The Company develops and publishes casual games, action, sports games, strategy, simulation games, and social casino games. Netmarble offers services worldwide.

KRTnet Corporation provides radio relay services for mobile phone companies by building and maintaining relay station.  The Company also manufactures telecommunication equipment used for radio relay station.

Pearl Abyss Corp. operates as a computer games making company. The Company offers games development, games exporting, and other services. Pearl Abyss serves customers worldwide.

Kakao Games Corp. operates as a multiply platform gaming company. The Company provides mobile games, computer games, virtual reality games, and other related products. Kakao Games markets its products worldwide.

LS Cable & System Asia Ltd. provides and offers cable products.  The Company manufactures and markets electric and telecommunication cables, head transmission lines, voltage cables and industrial specialty cables for the energy, infrastructure, construction, automotive, railway, telecommunication and electronics industries.

HYBE Co., Ltd. operates as an entertainment company. The Company provides music production, album distribution, entertainers management, publicity, planning, training, and other services. HYBE also makes television shows.

Iridium Communications, Inc. offers mobile satellite communications services. The Company's satellites operate in a low-earth orbit and provide 100% global coverage.  Iridium Holdings offers voice and data communications services to the United States and foreign governments; businesses; non-governmental organizations; and consumers.

Cogent Communications Holdings Inc. is a next generation optical Internet servic e provider focused on delivering ultra-high speed Internet access and transport services.The Company serves businesses in the multi-tenant marketplace and servi ce providers located in major metropolitan areas across the United States.

Proximus SA provides communication services and products to residential, business and corporate customers both domestically and internationally.  The Group offers multimedia products, payphones, pagers, operator services and calling cards.  Proximus SA also provides mobile phone and Internet services.

Bezeq Israeli Telecommunication Corporation Ltd. offers local, long-distance, and international telecommunications services in Israel.  The Company also offers Internet access lines, calling cards, and high volume data transfer networks.

PCCW Limited, through its subsidiaries, provides telecommunications, Internet access, multimedia services and related equipment.  The Company also offers computer, engineering, and other technical services in Hong Kong.  In addition, PCCW invests in and develops system integration and technology-related business, infrastructure and properties in Hong Kong and China.

China Communications Services Corporation Limited provides specialized telecommunications support services to telecommunications operators.  The Company offers telecommunications infrastructure services, including design, construction and project supervision and management, business process outsourcing services , and applications, content and other services.

China Communications Services Corp Ltd. (552 HK)

Globalstar, Inc. provides mobile voice and data communications services via satellite. The Company primarily provides business and recreational communications to industry, government, and individual customers located in remote areas throughout the world.

United Internet AG operates as an internet services company. The Company provides landline and mobile internet access products, as well as cloud applications at data centers with fixed monthly fees and volume-based charges. United Internet serves consumers and business clients worldwide.

NetLink NBN Trust designs, builds, owns, and operates fiber network infrastructures. The Company offers fiber network resources, including ducts, manholes, and cables. NetLink NBN Trust also focuses on leasing telecommunication infrastructures to telecommunication service providers. NetLink NBN Trust serves customers in Singapore.designs, builds, owns, and operates fiber network infrastructures. The Company offers fiber network resources, including ducts, manholes, and cables. NetLink NBN Trust also focuses on leasing telecommunication infrastructures to telecommunication service providers. NetLink NBN Trust serves customers in Singapore.

Zegona Communications plc is an investment company. The Company buys and sells businesses in the European Telecommunications, Media and Technology (''TMT'') sectors.

LG Uplus Corp., an affiliate of LG Group, provides a wide range of personal communications services (PCS) using code division multiple access (CDMA) technology.  The Company offers call forwarding, call and data transfer, call waiting, voice mail, Internet-phone, prepaid call, and authentication text-to-speech (TTS) services.

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LG Uplus Corp (032640 KS)

Asia Short Interest: China Mobile, CNOOC, Xiaomi, JD, Change, KT, Samsung, TSMC, Largan

The weekly short interest report looks at large moves across HK, Japan, Korea and Taiwan stocks and helps in determining market interest that could...

Brian Freitas

Road to 5G: How to Make Money in 5G

In this report, we highlight the best money making ideas by identifying the winners and the losers of the sectors in the 5G value chain. For...

Mitchell Kim

The U.S. Government Formally Requests LG Uplus to Stop Using Huawei Products

This morning, it was widely reported in several local media that the Robert Strayer (Deputy Assistant Secretary at the U.S. State Department's...

Douglas Kim

LG Uplus at 2-Yr High Relative to SK Telecom: Time to Trade

LG Uplus and SK Telecom are probably the tightest sector duo for pair trade. As shown below, they are highly correlated and tightly integrated. The...

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

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Asia Short Interest: China Mobile, CNOOC, Xiaomi, JD, Change, KT, Samsung, TSMC, Largan

The weekly short interest report looks at large moves across HK, Japan, Korea and Taiwan stocks and helps in determining market interest that could...

Brian Freitas

SK Telecom - Announces Share Buyback of 500 Billion Won

This morning, SK Telecom (017670 KS) announced that it will buy back 500 billion won worth of its shares, representing 2.5% of its shares...

Douglas Kim

Road to 5G: How to Make Money in 5G

In this report, we highlight the best money making ideas by identifying the winners and the losers of the sectors in the 5G value chain. For...

Mitchell Kim

The U.S. Government Formally Requests LG Uplus to Stop Using Huawei Products

This morning, it was widely reported in several local media that the Robert Strayer (Deputy Assistant Secretary at the U.S. State Department's...

Douglas Kim

LG Uplus at 2-Yr High Relative to SK Telecom: Time to Trade

LG Uplus and SK Telecom are probably the tightest sector duo for pair trade. As shown below, they are highly correlated and tightly integrated. The...

Sanghyun Park