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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Event-Driven

<a href="https://www.smartkarma.com/entities/7699" target="_blank" data-smartkarma-citation="entities:7699:1">HDC Holdings (012630 KS)</a> tender event has unfolded in ways that we'd very much like to see. The short-term payoff is already quite modest, but I think the optionality value is even bigger. <a href="https://www.smartkarma.com/entities/27395" target="_blank" data-smartkarma-citation="entities:27395:1">HDC I-Service Co Ltd (037140 KS)</a> IPO may be a tricky one to watch here, but I don't believe the HDC Group will do anything funny with this IPO to discourage tendering.So, in a nutshell, I'd say we should wait and tender Hyundai Dev Co shares rather than closing our short position now. This insight provides detailed numbers of where our current trade yields stand at and where our future tendering yields would stand at.<a href="https://www.smartkarma.com/entities/7699" target="_blank" data-smartkarma-citation="entities:7699:1"></a>

HDC Holdings (012630 KS) tender event has unfolded in ways that we'd very much like to see. The short-term payoff is already quite modest, but I think the optionality value is even bigger. HDC I-Service Co Ltd (037140 KS) IPO may be a tricky one to watch here, but I don't believe the HDC Group will do anything funny with this IPO to discourage tendering.So, in a nutshell, I'd say we should wait and tender Hyundai Dev Co shares rather than closing our short position now. This insight provides detailed numbers of where our current trade yields stand at and where our future tendering yields would stand at.

HDC Tender Event: Short-Term Payoff Vs. Optionality Value

Samsung restructuring now has another twist to come. <a href="https://www.smartkarma.com/entities/11109" target="_blank" data-smartkarma-citation="entities:11109:1">KCC Corp (002380 KS)</a> has a 8.97% stake in <a href="https://www.smartkarma.com/entities/481" target="_blank" data-smartkarma-citation="entities:481:1">Samsung C&amp;T (028260 KS)</a>, and it is being locally reported that KCC may sell out all (or at least a significant portion) of this C&amp;T stake in the near future. What is the story here? KCC mulls taking over US-based Momentive Performance Materials. Price tag is nearly US$3bil. As shown in the below regulatory filing put out on July 31, KCC acknowledged that it has been reviewing a number of strategies…

Samsung restructuring now has another twist to come. KCC Corp (002380 KS) has a 8.97% stake in Samsung C&amp;T (028260 KS), and it is being locally reported that KCC may sell out all (or at least a significant portion) of this C&amp;T stake in the near future. What is the story here? KCC mulls taking over US-based Momentive Performance Materials. Price tag is nearly US$3bil. As shown in the below regulatory filing put out on July 31, KCC acknowledged that it has been reviewing a number of strategies…

KCC's Samsung C&T Equity Block Deals May Happen Soon: It Worsens C&T Overhang Concern

South Korea

HDC Hyundai Development Co-Engineering & Construction offers construction services. The Company builds factories, office and retail buildings, hotels, and warehouses. HDC Hyundai Development Co-Engineering & Construction provides its services throughout Korea.

HDC Hyundai Development Co-Engineering & Construction (294870 KS)

HDC Hyundai Development Co-Engineering & Construction

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HDC Hyundai Development Co-Engineering & Construction (294870 KS)

HDC Tender Event: Short-Term Payoff Vs. Optionality Value

HDC Holdings (012630 KS) tender event has unfolded in ways that we'd very much like to see. The short-term payoff is already quite modest, but I...

Sanghyun Park

KCC's Samsung C&T Equity Block Deals May Happen Soon: It Worsens C&T Overhang Concern

Samsung restructuring now has another twist to come. KCC Corp (002380 KS) has a 8.97% stake in Samsung C&T (028260 KS), and it is being locally...

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)