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

<p>SK Telecom delivered an 8.09% gain at a 3.63x DTV in the previous session.</p><p>The price peaked at ₩278,000, setting a new 52W high.</p><p>The announced quarterly dividend and SKT split were what drove up the price last Friday.</p><table class="table table-striped">
<colgroup>
<col width="70">
<col width="70">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Today"}'>Previous session (March 26, Friday)</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Name"}' data-sheets-numberformat='[null,5,"m\"/\"d\"/\"yy"]'>Name</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"SK Telecom Co Ltd"}' data-sheets-numberformat='[null,4,"[$₩]#,##0"]' data-sheets-formula='=googlefinance(R[1]C[0], "name")'>SK Telecom Co Ltd</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Ticker"}' data-sheets-numberformat='[null,5,"m\"/\"d\"/\"yy"]'>Ticker</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"017670"}' data-sheets-numberformat='[null,4,"[$₩]#,##0"]' data-sheets-formula='="017670"'>017670</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"MC (₩B)"}'>MC (₩B)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":22124.324814}' data-sheets-numberformat='[null,2,"#,##0.0"]' data-sheets-formula='=googlefinance(R[-1]C[0], "price")*googlefinance(R[-1]C[0], "shares")/1000000000'>22,124.3</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"DTV (₩B)"}'>DTV (₩B)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":76.70187402631579}' data-sheets-numberformat='[null,2,"#,##0.0"]' data-sheets-formula='=googlefinance(R[-2]C[0], "volumeavg")*average(index(googlefinance(R[-2]C[0], "price", today()-30, today()), 0,2))/1000000000'>76.7</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Close"}'>Close</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":274000}' data-sheets-numberformat='[null,4,"[$₩-412]#,##0"]' data-sheets-formula='=googlefinance(R[-3]C[0], "price")'>₩274,000</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Δ Daily"}'>Δ Daily</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.08086785009861933}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[0]C[1])/R[0]C[1]">8.09%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Open"}'>Open</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.06407766990291262}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[0]C[1])/R[0]C[1]">6.41%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"High"}'>High</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":-0.014388489208633094}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[0]C[1])/R[0]C[1]">-1.44%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Low"}'>Low</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.0682261208576998}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[0]C[1])/R[0]C[1]">6.82%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"x DTV"}'><strong>x DTV</strong></td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":3.6343745568121477}' data-sheets-numberformat='[null,2,"#,##0.00",1]' data-sheets-formula='=googlefinance(R[-8]C[0], "volume")/googlefinance(R[-8]C[0], "volumeavg")'><strong>3.63</strong></td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"TV (₩B)"}'>TV (₩B)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":301.933204}' data-sheets-numberformat='[null,2,"#,##0.0"]' data-sheets-formula='=googlefinance(R3C[0], "volume")*R[-6]C[0]/1000000000'>301.9</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"TV/SO"}'>TV/SO</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.013647114953263586}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula='=googlefinance(R[-10]C[0], "volume")/googlefinance(R[-10]C[0], "shares")'>1.36%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"x Open"}'>x Open</td>
<td style="text-align: right;" data-sheets-value='{"1":2,"2":"8.34%p"}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula='=if((R[-5]C[1]-R[-4]C[1])/R[-6]C[1]&gt;0.1, left((R[-5]C[1]-R[-4]C[1])/R[-6]C[1]*100, 5)&amp;"%p", left((R[-5]C[1]-R[-4]C[1])/R[-6]C[1]*100, 4)&amp;"%p")'>8.34%p</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Upper wick"}'>Upper wick</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":-0.18604651162790697}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=if((R[-9]C[0]-R[-7]C[1])&gt;0, (R[-9]C[0]-R[-6]C[1])/(R9C[1]-R10C[1]), (R[-7]C[1]-R[-6]C[1])/(R9C[1]-R10C[1]))">-18.60%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Body"}'>Body</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.7674418604651163}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-10]C[0]-R[-8]C[1])/(R9C[1]-R10C[1])">76.74%</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"Lower wick"}'>Lower wick</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":0.046511627906976744}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=if((R[-11]C[0]-R[-9]C[1])&gt;0, (R[-9]C[1]-R[-7]C[1])/(R9C[1]-R10C[1]), (R[-11]C[0]-R[-7]C[1])/(R9C[1]-R10C[1]))">4.65%</td>
</tr>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX"}'>Source: KRX</td></tr>
</tbody>
</table><table class="table table-striped">
<colgroup>
<col width="70">
<col width="70">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" style="width: 722.986px;" data-sheets-value='{"1":2,"2":"52W"}'>52W</td></tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"52WH"}'><strong>52WH</strong></td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":-0.014388489208633094}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-15]C[0]-R[0]C[1])/R[0]C[1]"><strong>-1.44%</strong></td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":" - Date"}'><strong>- Date</strong></td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":44281.64583333333}' data-sheets-numberformat='[null,5,"m\"/\"d\"/\"yy"]' data-sheets-formula='=index(googlefinance(R[-19]C[0], "all", today()-365, today()+2), (match(max(index(googlefinance(R[-19]C[0], "all", today()-365, today()+2), 0, 3)), index(googlefinance(R[-19]C[0], "all", today()-365, today()+2), 0, 3), 0)), 1)'><strong>3/26/21</strong></td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"52WL"}'>52WL</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.611764705882353}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-17]C[0]-R[0]C[1])/R[0]C[1]">61.18%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":" - Date"}'>- Date</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":43920.64583333333}' data-sheets-numberformat='[null,5,"m\"/\"d\"/\"yy"]' data-sheets-formula='=index(googlefinance(R[-21]C[0], "all", today()-365, today()+2), (match(MIN(index(googlefinance(R[-21]C[0], "all", today()-365, today()+2), 0, 4)), index(googlefinance(R[-21]C[0], "all", today()-365, today()+2), 0, 4), 0)), 1)'>3/30/20</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"20D SMA"}'>20D SMA</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.07863399271725224}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-19]C[0]-R299C[15])/R299C[15]">7.86%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"20D EMA"}'>20D EMA</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.06978897560576489}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-20]C[0]-R299C[16])/R299C[16]">6.98%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"120D SMA"}'>120D SMA</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.12600811629937844}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R[-21]C[0]-R299C[17])/R299C[17]">12.60%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"20D Δ"}'>20D Δ</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.10707070707070707}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[252]C[14])/R[252]C[14]">10.71%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"20D SD"}'>20D SD</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.0317752982836343}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=stdev.s(R[252]C[14]:R299C[14])/average(R[252]C[14]:R299C[14])">3.18%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"120D Δ"}'>120D Δ</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.15126050420168066}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[150]C[14])/R[150]C[14]">15.13%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"120D SD"}'>120D SD</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.04652453407071372}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=stdev.s(R[149]C[14]:R299C[14])/average(R[149]C[14]:R299C[14])">4.65%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"180D Δ"}'>180D Δ</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.21777777777777776}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=(R6C2-R[88]C[14])/R[88]C[14]">21.78%</td>
</tr>
<tr>
<td style="width: 351.134px;" data-sheets-value='{"1":2,"2":"180D SD"}'>180D SD</td>
<td style="text-align: right; width: 351.134px;" data-sheets-value='{"1":3,"3":0.05449534356371748}' data-sheets-numberformat='[null,3,"0.00%",1]' data-sheets-formula="=stdev.s(R[87]C[14]:R299C[14])/average(R[87]C[14]:R299C[14])">5.45%</td>
</tr>
<tr><td colspan="2" rowspan="1" style="width: 722.986px;" data-sheets-value='{"1":2,"2":"Source: KRX"}'>Source: KRX</td></tr>
</tbody>
</table><table class="table table-striped">
<colgroup>
<col width="70">
<col width="70">
</colgroup>
<tbody>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"RSI, %K, &amp; %D"}'>RSI, %K, &amp; %D</td></tr>
<tr>
<td data-sheets-value='{"1":2,"2":"RSI (14)"}'>RSI (14)</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":69.67481814704726}' data-sheets-numberformat='[null,2,"#,##0.00",1]' data-sheets-formula="=R[468]C[7]">69.67</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"%K"}'>%K</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":87.09677419354838}' data-sheets-numberformat='[null,2,"#,##0.00",1]' data-sheets-formula="=R[467]C[10]">87.10</td>
</tr>
<tr>
<td data-sheets-value='{"1":2,"2":"%D"}'>%D</td>
<td style="text-align: right;" data-sheets-value='{"1":3,"3":79.95818399044205}' data-sheets-numberformat='[null,2,"#,##0.00",1]' data-sheets-formula="=R[466]C[11]">79.96</td>
</tr>
<tr><td colspan="2" rowspan="1" data-sheets-value='{"1":2,"2":"Source: KRX"}'>Source: KRX</td></tr>
</tbody>
</table><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/197/743/original/chart.png?1616949737" class="editor-image img-responsive" data-smartkarma-image-id="197743"></figure></section><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/197/744/original/chart+%281%29.png?1616949748" class="editor-image img-responsive" data-smartkarma-image-id="197744"></figure></section><section class="figure"><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/197/745/original/chart+%282%29.png?1616949759" class="editor-image img-responsive" data-smartkarma-image-id="197745"></figure></section>

SK Telecom delivered an 8.09% gain at a 3.63x DTV in the previous session.The price peaked at ₩278,000, setting a new 52W high.The announced quarterly dividend and SKT split were what drove up the price last Friday.





Previous session (March 26, Friday)

Name
SK Telecom Co Ltd


Ticker
017670


MC (₩B)
22,124.3


DTV (₩B)
76.7


Close
₩274,000


Δ Daily
8.09%


Open
6.41%


High
-1.44%


Low
6.82%


x DTV
3.63


TV (₩B)
301.9


TV/SO
1.36%


x Open
8.34%p


Upper wick
-18.60%


Body
76.74%


Lower wick
4.65%

Source: KRX







52W

52WH
-1.44%


- Date
3/26/21


52WL
61.18%


- Date
3/30/20


20D SMA
7.86%


20D EMA
6.98%


120D SMA
12.60%


20D Δ
10.71%


20D SD
3.18%


120D Δ
15.13%


120D SD
4.65%


180D Δ
21.78%


180D SD
5.45%

Source: KRX







RSI, %K, &amp; %D

RSI (14)
69.67


%K
87.10


%D
79.96

Source: KRX



Short SK Telecom on Last Friday's Distorted Gain

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

<div class="content-highlight">
<p>On 25 March in the AGM, SK Telecom's CEO Park Jung-Ho emphasized that a major corporate governance reorganization will be completed this year. Following this announcement, SK Telecom's shares are up 8% today. For those investors following <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> closely, the company has hinted about this move for the past 5+ years.</p>
<p><em>So, is the company crying wolf this time around again? This time around, we do not believe SK Telecom is crying wolf. Rather, we believe there is a 95%+ probability that the company announces a major corporate reorganization plan sometime in April/May this year, which should unlock a greater value from SK Telecom. We continue to maintain a positive view of SK Telecom. </em></p>
</div>


On 25 March in the AGM, SK Telecom's CEO Park Jung-Ho emphasized that a major corporate governance reorganization will be completed this year. Following this announcement, SK Telecom's shares are up 8% today. For those investors following SK Telecom (017670 KS) closely, the company has hinted about this move for the past 5+ years.
So, is the company crying wolf this time around again? This time around, we do not believe SK Telecom is crying wolf. Rather, we believe there is a 95%+ probability that the company announces a major corporate reorganization plan sometime in April/May this year, which should unlock a greater value from SK Telecom. We continue to maintain a positive view of SK Telecom. 


SK Telecom's CEO Confirms A Major Corporate Governance Reorganization Will Be Completed in 2021

Equity Capital Markets

SK Biopharmaceuticals   / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/sk-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:393:1" rel="noopener">SK Holdings (034730 KS)</a> announced after the market close today that it plans to sell a significant amount of <a href="https://www.smartkarma.com/entities/sk-biopharmaceuticals-co-ltd" target="_blank" data-smartkarma-citation="entities:28966:1" rel="noopener">SK Biopharmaceuticals Co Ltd (326030 KS)</a> shares in a block deal (about $1 billion). The block deal price range of SK Biopharm is from 129,800 won to 134,225 won. </p><p><strong>Overall, we believe this deal is likely to be slightly positive on SK Holdings but negative on SK Biopharm. We believe that investors will be able to buy SK Biopharm shares even at lower prices than than the discounted block deal prices. This big block deal is likely to act as an ongoing OVERHANG on SK Biopharm shares in the coming months. </strong></p>

SK Holdings (034730 KS) announced after the market close today that it plans to sell a significant amount of SK Biopharmaceuticals Co Ltd (326030 KS) shares in a block deal (about $1 billion). The block deal price range of SK Biopharm is from 129,800 won to 134,225 won. Overall, we believe this deal is likely to be slightly positive on SK Holdings but negative on SK Biopharm. We believe that investors will be able to buy SK Biopharm shares even at lower prices than than the discounted block deal prices. This big block deal is likely to act as an ongoing OVERHANG on SK Biopharm shares in the coming months. 

SK Biopharm - A Block Deal Worth $1 Billion Sell Down by SK Holdings (A Big Overhang)

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<p><a href="https://www.smartkarma.com/entities/sk-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:393:1" rel="noopener">SK Holdings (034730 KS)</a> aims to raise US$1bn via selling 11% of <a href="https://www.smartkarma.com/entities/sk-biopharmaceuticals-co-ltd" target="_blank" data-smartkarma-citation="entities:28966:1" rel="noopener">SK Biopharmaceuticals Co Ltd (326030 KS)</a>.</p><p>The shares have more than tripled since listing and the IPO lock-up just expired last month.  While the discount appears tempting overall the stock doesn't score well on our framework.</p>

SK Holdings (034730 KS) aims to raise US$1bn via selling 11% of SK Biopharmaceuticals Co Ltd (326030 KS).The shares have more than tripled since listing and the IPO lock-up just expired last month.  While the discount appears tempting overall the stock doesn't score well on our framework.

SK Biopharma Placement - Juicy Discount but the Rest Looks Iffy

<div class="content-highlight">
<p><strong>According to<a href="https://mk.co.kr/news/business/view/2021/01/80854/" target="_blank" rel="noopener"> Maekyung Business Daily,</a> SK Holdings will form a partnership with <a href="https://www.smartkarma.com/entities/geely-automobile-holdings-ltd" target="_blank" data-smartkarma-citation="entities:127:1" rel="noopener">Geely Auto (175 HK) </a>in developing eco-friendly vehicles.</strong> SK Holdings and Geely will establish a joint fund for eco-friendly vehicle projects. Although the exact amount of the fund (as well as the contributions by each company) is yet unknown, it is reported that this fund is initially likely to be in the range of 300 billion won to 400 billion won (which could be expanded later on). </p>
<p>Through this joint fund, SK is expected to carry out projects with Geely in various eco-friendly mobility areas such as electric vehicles and hydrogen vehicles. <a href="https://www.smartkarma.com/entities/sk-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:393:1" rel="noopener">SK Holdings (034730 KS)</a>'s share price climbed 8.2% today to 355,000 won. SK Holdings' share price is already up 48% YTD.  </p>
</div>


According to Maekyung Business Daily, SK Holdings will form a partnership with Geely Auto (175 HK) in developing eco-friendly vehicles. SK Holdings and Geely will establish a joint fund for eco-friendly vehicle projects. Although the exact amount of the fund (as well as the contributions by each company) is yet unknown, it is reported that this fund is initially likely to be in the range of 300 billion won to 400 billion won (which could be expanded later on). 
Through this joint fund, SK is expected to carry out projects with Geely in various eco-friendly mobility areas such as electric vehicles and hydrogen vehicles. SK Holdings (034730 KS)'s share price climbed 8.2% today to 355,000 won. SK Holdings' share price is already up 48% YTD.  


A New Partnership Between SK Holdings & Geely for Eco-Friendly Vehicles

South Korea

SK Holdings Co., Ltd. is a holdings company that is engaged in various industries including energy, chemicals, information technology, semiconductors, marketing, and services businesses in South Korea and internationally.

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SK Inc (034730 KS)

Short SK Telecom on Last Friday's Distorted Gain

This post explains two reasons why we should short SK Telecom to capitalize on last Friday's distorted gain in the restructuring dynamic.

Sanghyun Park

SK Telecom's CEO Confirms A Major Corporate Governance Reorganization Will Be Completed in 2021

We believe there is a 95%+ probability that SK Telecom announces a major corporate reorganization plan sometime in April/May this year, which...

Douglas Kim

SK Biopharm - A Block Deal Worth $1 Billion Sell Down by SK Holdings (A Big Overhang)

SK Holdings plans to sell nearly $1 billion worth of SK Biopharm in a block deal. We believe this will act as a big overhang on SK BIopharm shares.

Douglas Kim

SK Biopharma Placement - Juicy Discount but the Rest Looks Iffy

SK Holdings (034730 KS) aims to raise US$1bn via selling 11% of SK Biopharmaceuticals Co Ltd (326030 KS). The shares have more than tripled since...

Sumeet Singh

A New Partnership Between SK Holdings & Geely for Eco-Friendly Vehicles

According to Maekyung Business Daily, SK Holdings will form a partnership with Geely Auto (175 HK) in developing eco-friendly vehicles

Douglas Kim

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