Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

<ul><li>SDC closes Slovakia branch due to declining competitiveness in European market, experiencing challenges in the region.</li><li>SSFC remains optimistic about growth in China's auto market despite market slowdown, seeing potential for expansion.</li><li>Global semiconductor industry strengthens in 2Q24, as per SEMI report, with Taiwanese IPC maker showcasing at Automation Expo 2024 in India.</li></ul>

SDC closes Slovakia branch due to declining competitiveness in European market, experiencing challenges in the region.SSFC remains optimistic about growth in China's auto market despite market slowdown, seeing potential for expansion.Global semiconductor industry strengthens in 2Q24, as per SEMI report, with Taiwanese IPC maker showcasing at Automation Expo 2024 in India.

Tech Supply Chain Tracker (21-Aug-2024): SDC closes Slovakia branch.

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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

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

Event-Driven

Samsung Electronics Pref Shares / Event-Driven

<ul>
<li>Local traders see interest rate cuts and value-up disclosures as key for timing Samsung Electronics 1P discount narrowing.</li>
<li>Samsung's only realistic value-up goal beyond 50% FCF return is improving ROE, likely through a pref-skewed buyback or cancellation program.</li>
<li>If Samsung announces a value-up plan during the Bank of Korea's rate cuts, local traders expect the 1P discount to reverse, targeting October-November for position entry.</li>
</ul>


Local traders see interest rate cuts and value-up disclosures as key for timing Samsung Electronics 1P discount narrowing.
Samsung's only realistic value-up goal beyond 50% FCF return is improving ROE, likely through a pref-skewed buyback or cancellation program.
If Samsung announces a value-up plan during the Bank of Korea's rate cuts, local traders expect the 1P discount to reverse, targeting October-November for position entry.


Local Market Observations on Timing Samsung Electronics 1P Discount Narrowing

<ul><li>SDC partners with Microsoft while VCs in India prioritize deep tech startups for innovation and growth.</li><li>Polish startup SEEDiA leads in smart urban infrastructure as AI hype in smart manufacturing is questioned for realistic outcomes.</li><li>Non-a-Si panels expected to dominate auto displays 2024-2029 as Indian opto-semiconductor maker acquires US-based IC equipment company.</li></ul>

SDC partners with Microsoft while VCs in India prioritize deep tech startups for innovation and growth.Polish startup SEEDiA leads in smart urban infrastructure as AI hype in smart manufacturing is questioned for realistic outcomes.Non-a-Si panels expected to dominate auto displays 2024-2029 as Indian opto-semiconductor maker acquires US-based IC equipment company.

Tech Supply Chain Tracker (13-Aug-2024): SDC signs contract with Microsoft.

<ul><li>CoSAI is a collaboration between tech giants like Intel, Google, and IBM to drive innovation in the automotive industry.</li><li>Knobs and buttons are making a comeback in car interfaces, reflecting a trend in automotive design for more tactile controls.</li><li>Apple opposes Tata-Vivo partnership as Vivo marks its 10th anniversary in India, while Biden admin shows support for CHIPS Act to boost packaging and testing industry.</li></ul>

CoSAI is a collaboration between tech giants like Intel, Google, and IBM to drive innovation in the automotive industry.Knobs and buttons are making a comeback in car interfaces, reflecting a trend in automotive design for more tactile controls.Apple opposes Tata-Vivo partnership as Vivo marks its 10th anniversary in India, while Biden admin shows support for CHIPS Act to boost packaging and testing industry.

Tech Supply Chain Tracker (01-Aug-2024): Top tech firms join CoSAI.

External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

External broker reports(aggregated public sources)

Founded in 1962, Daishin Securities is a leading financial services provider in Korea. Daishin securities does its best to provide high quality financial service and to satisfy the various needs of investors. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Earnings beat; preliminary revenue of W7.4tn, OP of W10.4tn</li><li>Earnings surprise reportedly resulted from DRAM/NAND price increases, release of large allowances set aside against inventory loss, and SDC’s improved OPM</li><li>Memory price hikes set to prompt enhanced profitability; expectations in place for HBM3E supply in 2H24</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Earnings beat; preliminary revenue of W7.4tn, OP of W10.4tnEarnings surprise reportedly resulted from DRAM/NAND price increases, release of large allowances set aside against inventory loss, and SDC’s improved OPMMemory price hikes set to prompt enhanced profitability; expectations in place for HBM3E supply in 2H24Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Samsung Electronics (005930 KS July 8, 2024)

South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

Samsung Electronics Pref Shares (005935 KS)

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Samsung Electronics Pref Shares (005935 KS)

Tech Supply Chain Tracker (21-Aug-2024): SDC closes Slovakia branch.

SDC closes Slovakia branch, SSFC looks to China growth, global semiconductor industry strengthens, Taiwanese maker at Expo 2024, Siemens Gamesa...

Tech Supply Chain Tracker

Local Market Observations on Timing Samsung Electronics 1P Discount Narrowing

Samsung Electronics and Hyundai Motor are expected to announce their value-up plans before the Korea Value-Up Index launches in mid-September....

Sanghyun Park

Tech Supply Chain Tracker (13-Aug-2024): SDC signs contract with Microsoft.

SDC partners with Microsoft, Indian VCs focus on deep tech startups, SEEDiA pioneers smart urban infrastructure, questioning AI hype in...

Tech Supply Chain Tracker

Tech Supply Chain Tracker (01-Aug-2024): Top tech firms join CoSAI.

CoSAI partners with tech giants, car interfaces embrace knobs, Apple opposes Tata-Vivo, Biden supports CHIPS Act, Micron ships 9th-gen NAND, Taiwan...

Tech Supply Chain Tracker

Samsung Electronics (005930 KS July 8, 2024)

Earnings surprise reportedly resulted from DRAM/NAND price increases, release of large allowances set aside against inventory loss, and SDC’s...

Daishin Securities

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