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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Event-Driven

A consortium of Samsung Group’s financial affiliates (led by Samsung SRA Asset Management) has won the bid to acquire Commerzbank Tower in Frankfurt, the tallest building in Germany. The building is priced at around ₩900bil (US$801mil). The consortium involves Samsung Securities (016360), Samsung Life Insurance (032830) and Samsung Fire &amp; Marine Insurance (000810).* Commerzbank plans to continue to use the building on lease after the sale.  Samsung plans that Samsung’s three financial affiliates…

A consortium of Samsung Group’s financial affiliates (led by Samsung SRA Asset Management) has won the bid to acquire Commerzbank Tower in Frankfurt, the tallest building in Germany. The building is priced at around ₩900bil (US$801mil). The consortium involves Samsung Securities (016360), Samsung Life Insurance (032830) and Samsung Fire &amp; Marine Insurance (000810).* Commerzbank plans to continue to use the building on lease after the sale.  Samsung plans that Samsung’s three financial affiliates…

Creation of Samsung's Intermediate Financial Holding Co May Be Already in Progress

The Financial Supervisory Service and creditor banks assessed the credit risks of 602 Korean companies, each having a loan of at least KRW50bil, and selected 32 of them as restructuring targets of this year. 13 out of the 32 received a C grade for corporate workout while the rest received D for court receivership. All of the companies who received either C or D should immediately apply for corporate workout or court receivership. 17 out of the 32 are shipbuilders, builders, shipping companies…

The Financial Supervisory Service and creditor banks assessed the credit risks of 602 Korean companies, each having a loan of at least KRW50bil, and selected 32 of them as restructuring targets of this year. 13 out of the 32 received a C grade for corporate workout while the rest received D for court receivership. All of the companies who received either C or D should immediately apply for corporate workout or court receivership. 17 out of the 32 are shipbuilders, builders, shipping companies…

Possible Correlation Between FSS' Credit Risk Assessment & Samsung's Magneti Marelli Deal

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

Korean companies are showing increasing willingness to buyback shares. Korea Stock Exchange announced that from beginning of this year to as of 27 July 2016, there were 64 listed companies that announced share buybacks, up 36% YoY.<div class="content-highlight">The alpha generation for share buybacks in Korea can be found in KOSDAQ listed companies. Of the 64 companies that announced share buybacks, 35 of them were listed in KOSDAQ. (The average price performance of these 35 companies were 8.5% from beginning of this year as…</div>

Korean companies are showing increasing willingness to buyback shares. Korea Stock Exchange announced that from beginning of this year to as of 27 July 2016, there were 64 listed companies that announced share buybacks, up 36% YoY.The alpha generation for share buybacks in Korea can be found in KOSDAQ listed companies. Of the 64 companies that announced share buybacks, 35 of them were listed in KOSDAQ. (The average price performance of these 35 companies were 8.5% from beginning of this year as…

Alpha Generation & Share Buybacks in Korea

Asia focused research insights & advisory, Asia Advisors

Vinay Patel

Asia focused research insights & advisory

Asia Advisors

Asia Advisors is an independent financial advisory and research firm working closely with corporates and institutions to provide consulting solutions & research insights. We provide advisory services including capital solutions, business strategy and investment insights.
Firm is headed by Vinay Patel who has close to two decades of experience in research and business development at large, international investment banks such as HSBC and ICICI Securities. Led research efforts in areas of Macroeconomics, Asset Allocation & Investment Strategy for close to a decade in global & domestic research teams. As a business head in Singapore, advised top global investment management firms & Portfolio managers in Asia for India related investments.
Vinay was recently joined by Swapnil Manish, an investment banker and ex-ecommerce entrepreneur with more than 12 years of experience. Swapnil was the TMT banker at BNP Paribas and was part of several large M&A and ECM transactions (Bharti-Zain, Bharti Infratel IPO, Schneider-Zicom among several others). He's also had a stint as an ecommerce entrepreneur having launched & led Mumbai's first online grocery player.

Fullerton India Credit Company Ltd, a locally registered Non-Banking Finance Company (NBFC) owned by Temasek via Fullerton Singapore, plans to issue masala bonds to international investors in order to diversify its funding sources. Masala bonds are rupee denominated offshore bonds quite similar to dim sum bonds issued by Chinese companies. After HDFC, the largest mortgage lender in India, became the first company last week to successfully place a Masala Bond issue more companies are eyeing this…

Fullerton India Credit Company Ltd, a locally registered Non-Banking Finance Company (NBFC) owned by Temasek via Fullerton Singapore, plans to issue masala bonds to international investors in order to diversify its funding sources. Masala bonds are rupee denominated offshore bonds quite similar to dim sum bonds issued by Chinese companies. After HDFC, the largest mortgage lender in India, became the first company last week to successfully place a Masala Bond issue more companies are eyeing this…

Fullerton India to Issue Masala Bonds for Local Ops; Investors in Yield Hunt Chase Cos for Issuance

It is now official that Samsung SDS will keep BPO and ITS as separate entities. That is, Samsung SDS has no plan to sell BPO to Samsung C&amp;T.* Samsung SDS said in a regulatory filing, “We have not reviewed, nor plan to consider, either selling our logistics business or merging it with Samsung C&amp;T after spinning it off.”So, it is almost certain that Samsung SDS will spin off BPO through equity spinoff, which is not the worst case scenario for SDS shareholders. As a result, BPO and ITS will be…

It is now official that Samsung SDS will keep BPO and ITS as separate entities. That is, Samsung SDS has no plan to sell BPO to Samsung C&amp;T.* Samsung SDS said in a regulatory filing, “We have not reviewed, nor plan to consider, either selling our logistics business or merging it with Samsung C&amp;T after spinning it off.”So, it is almost certain that Samsung SDS will spin off BPO through equity spinoff, which is not the worst case scenario for SDS shareholders. As a result, BPO and ITS will be…

Update on SDS Equity Spinoff and Ownership Stake in SEC

South Korea

Samsung Life Insurance Co., Ltd. provides insurance services. The Company offers life and health insurance services. Samsung Life Insurance serves customers in South Korea.

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Samsung Life Insurance (032830 KS)

Creation of Samsung's Intermediate Financial Holding Co May Be Already in Progress

A consortium of Samsung Group’s financial affiliates (led by Samsung SRA Asset Management) has won the bid to acquire Commerzbank Tower in...

Sanghyun Park

Possible Correlation Between FSS' Credit Risk Assessment & Samsung's Magneti Marelli Deal

The Financial Supervisory Service and creditor banks assessed the credit risks of 602 Korean companies, each having a loan of at least KRW50bil,...

Sanghyun Park

Fullerton India to Issue Masala Bonds for Local Ops; Investors in Yield Hunt Chase Cos for Issuance

Fullerton India Credit Company Ltd, a locally registered Non-Banking Finance Company (NBFC) owned by Temasek via Fullerton Singapore, plans to...

Asia Advisors

Update on SDS Equity Spinoff and Ownership Stake in SEC

It is now official that Samsung SDS will keep BPO and ITS as separate entities. That is, Samsung SDS has no plan to sell BPO to Samsung C&T.*...

Sanghyun Park

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52-week Range

Market Cap (USDm)

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Creation of Samsung's Intermediate Financial Holding Co May Be Already in Progress

A consortium of Samsung Group’s financial affiliates (led by Samsung SRA Asset Management) has won the bid to acquire Commerzbank Tower in...

Sanghyun Park

Possible Correlation Between FSS' Credit Risk Assessment & Samsung's Magneti Marelli Deal

The Financial Supervisory Service and creditor banks assessed the credit risks of 602 Korean companies, each having a loan of at least KRW50bil,...

Sanghyun Park

Alpha Generation & Share Buybacks in Korea

Korean companies are showing increasing willingness to buyback shares. Korea Stock Exchange announced that from beginning of this year to as of 27...

Douglas Kim

Fullerton India to Issue Masala Bonds for Local Ops; Investors in Yield Hunt Chase Cos for Issuance

Fullerton India Credit Company Ltd, a locally registered Non-Banking Finance Company (NBFC) owned by Temasek via Fullerton Singapore, plans to...

Asia Advisors

Update on SDS Equity Spinoff and Ownership Stake in SEC

It is now official that Samsung SDS will keep BPO and ITS as separate entities. That is, Samsung SDS has no plan to sell BPO to Samsung C&T.*...

Sanghyun Park