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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Event-Driven

Japanese media Nikkei reported early today that Samsung Electronics sold all its shares (35.8 million shares, or a 0.7%) in Sharp. The value of the unloaded holdings is estimated at ¥4.6bil (US$45mil). On the surface, this decision seems to be another outcome of Samsung's on-going efforts to shed non-core businesses.Early this year, Samsung was said to be very interested in acquiring SDP (Sakai Display Products)’s LCD panel factory in Sakai, owned by both Sharp and Hon Hai Precision, each with a…

Japanese media Nikkei reported early today that Samsung Electronics sold all its shares (35.8 million shares, or a 0.7%) in Sharp. The value of the unloaded holdings is estimated at ¥4.6bil (US$45mil). On the surface, this decision seems to be another outcome of Samsung's on-going efforts to shed non-core businesses.Early this year, Samsung was said to be very interested in acquiring SDP (Sakai Display Products)’s LCD panel factory in Sakai, owned by both Sharp and Hon Hai Precision, each with a…

No Sharp but CSOT for Samsung's LCD - Implications

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

The global printer / copier market is huge (US$55bil) but it is a messy one. There’s the obvious splits between laserjet and inkjet, between black / white and colour, and between single function and multifunction. However, then there’s the split between home-office, SME, large-corporation and professional copying. There’s the split between purchase and leasing, with implications for how you pay for servicing and inks. Then there’s the split between what the printers can do: A3 or just A4…

The global printer / copier market is huge (US$55bil) but it is a messy one. There’s the obvious splits between laserjet and inkjet, between black / white and colour, and between single function and multifunction. However, then there’s the split between home-office, SME, large-corporation and professional copying. There’s the split between purchase and leasing, with implications for how you pay for servicing and inks. Then there’s the split between what the printers can do: A3 or just A4…

Are Stormclouds Gathering in the Distance for the Japanese Printer / Copier Players?

Asia and Global Semiconductor and Tech Research

Andrew Lu

Equity Bottom-Up

<h2>What's new?</h2>After Shenzhen China Star Optoelectronics Technology (CSOT)/TCL USA announced to invest US$7.8bn (US$3.2bn equity plus US$4.6bn debt) to build the China/World first generation 11 (G11)  LCD panel fabrication plant in Shenzhen to focus on 65" LCD TV market in May 2016, Samsung Display spokesman Cho Yong-woo commented (on Sep 13) to convert 8.18% of CSOT G8 fab outstanding shares to 9.8% of CSOT G11 fab outstanding shares on value of US$315mn (CSOT has 53% of shares, Shenzhen government…

What's new?After Shenzhen China Star Optoelectronics Technology (CSOT)/TCL USA announced to invest US$7.8bn (US$3.2bn equity plus US$4.6bn debt) to build the China/World first generation 11 (G11)  LCD panel fabrication plant in Shenzhen to focus on 65" LCD TV market in May 2016, Samsung Display spokesman Cho Yong-woo commented (on Sep 13) to convert 8.18% of CSOT G8 fab outstanding shares to 9.8% of CSOT G11 fab outstanding shares on value of US$315mn (CSOT has 53% of shares, Shenzhen government…

Samsung Display Fuels G10/G11 LCD Fab Race in China

Following the news that Samsung will source all its lithium batteries for the Galaxy Note 7 from Ampterex (ATL), a subsidiary of TDK (6762), there has been a debate as to whether TDK is in a position to meet not just this demand, but also any increase in iPhone 7 production resulting from Apple deciding to take advantage of Samsung's woes. Originally, TDK provided about 30% of the batteries for the Note 7 and was a major (probably the largest) supplier of batteries for the iPhone. As a…

Following the news that Samsung will source all its lithium batteries for the Galaxy Note 7 from Ampterex (ATL), a subsidiary of TDK (6762), there has been a debate as to whether TDK is in a position to meet not just this demand, but also any increase in iPhone 7 production resulting from Apple deciding to take advantage of Samsung's woes. Originally, TDK provided about 30% of the batteries for the Note 7 and was a major (probably the largest) supplier of batteries for the iPhone. As a…

TDK (6762) - Can It Meet Additional Demand for LiBs from IPhone / Note?

ATL (Amperex Technology Limited) is in the limelight, thanks to SEC's Note 7 battery explosion. ATL is now SEC's sole battery provider for Note 7. ATL has already received extra battery orders (4 million units) from SEC, and the company will likely get more orders from SEC unless SEC completely abandons Note 7 (which is being discussed now). * ATL is TDK's wholly owned subsidiary. TDK acquired ATL in 2005 for US$100mil. Since then, both companies have kept an extremely close tie in many aspects.…

ATL (Amperex Technology Limited) is in the limelight, thanks to SEC's Note 7 battery explosion. ATL is now SEC's sole battery provider for Note 7. ATL has already received extra battery orders (4 million units) from SEC, and the company will likely get more orders from SEC unless SEC completely abandons Note 7 (which is being discussed now). * ATL is TDK's wholly owned subsidiary. TDK acquired ATL in 2005 for US$100mil. Since then, both companies have kept an extremely close tie in many aspects.…

Toray BSF's LiBS Is the Cause of Note 7 Battery Explosion? Unexpected Gift to SK Innovation

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.

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Samsung Electronics (SMSD LI)

No Sharp but CSOT for Samsung's LCD - Implications

Japanese media Nikkei reported early today that Samsung Electronics sold all its shares (35.8 million shares, or a 0.7%) in Sharp. The value of the...

Sanghyun Park

Are Stormclouds Gathering in the Distance for the Japanese Printer / Copier Players?

The global printer / copier market is huge (US$55bil) but it is a messy one. There’s the obvious splits between laserjet and inkjet, between black...

Pelham Smithers Associates

Samsung Display Fuels G10/G11 LCD Fab Race in China

What's new?After Shenzhen China Star Optoelectronics Technology (CSOT)/TCL USA announced to invest US$7.8bn (US$3.2bn equity plus US$4.6bn debt) to...

Andrew Lu

TDK (6762) - Can It Meet Additional Demand for LiBs from IPhone / Note?

Following the news that Samsung will source all its lithium batteries for the Galaxy Note 7 from Ampterex (ATL), a subsidiary of TDK (6762), there...

Pelham Smithers Associates

Toray BSF's LiBS Is the Cause of Note 7 Battery Explosion? Unexpected Gift to SK Innovation

ATL (Amperex Technology Limited) is in the limelight, thanks to SEC's Note 7 battery explosion. ATL is now SEC's sole battery provider for Note 7....

Sanghyun Park

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