Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

The "One-Shot Act" (also called The Special Act on the Corporate Revitalization) effectively started in Korea on 16 August when <a href="https://www.smartkarma.com/entities/8656" target="_blank" data-smartkarma-citation="entities:8656:1">Hanwha Chemical Corp (009830 KS)</a> became the first company to proactively file its application. The One-Shot Act was passed into law in February 2016. The One-Shot Act will help companies to accelerate spin-offs and mergers through simplified structures as well as provide tax benefits and subsidies for R&amp;D. The companies that want to benefit from the One-Shot Act need to…

The "One-Shot Act" (also called The Special Act on the Corporate Revitalization) effectively started in Korea on 16 August when Hanwha Chemical Corp (009830 KS) became the first company to proactively file its application. The One-Shot Act was passed into law in February 2016. The One-Shot Act will help companies to accelerate spin-offs and mergers through simplified structures as well as provide tax benefits and subsidies for R&amp;D. The companies that want to benefit from the One-Shot Act need to…

Start of One-Shot Act - The Good, Bad, and the Ugly

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

Taiwan Semiconductor (TSMC) / Equity Bottom-Up

<ul><li class="p1">At the Intel Developer Forum in San Francisco, Intel announced a flurry of news with far-reaching implications across the semiconductor landscape.</li><li class="p1">The most important announcement for Intel, in our view, is that the chip leader will be licensing technology from ARM Holdings to offer foundry customers access to ARM physical intellectual property at the 10-nanometer process node.</li><li class="p1">We note that this will allow Intel to compete with Taiwan Semiconductor Manufacturing and Samsung foundries for the business of the likes of Qualcomm and Apple.</li></ul>Analyst: Abhinav Davuluri

At the Intel Developer Forum in San Francisco, Intel announced a flurry of news with far-reaching implications across the semiconductor landscape.The most important announcement for Intel, in our view, is that the chip leader will be licensing technology from ARM Holdings to offer foundry customers access to ARM physical intellectual property at the 10-nanometer process node.We note that this will allow Intel to compete with Taiwan Semiconductor Manufacturing and Samsung foundries for the business of the likes of Qualcomm and Apple.Analyst: Abhinav Davuluri

Intel Announces Foundry Collaboration With ARM at Intel Developer Forum

Asia and Global Semiconductor and Tech Research

Andrew Lu

<h2>What's new?</h2>Announced at the Intel Developer Forum yesterday, Intel is licensing ARM's 64bit physical CPU core in order to win more foundry customers on 10nm process and announced that LG will use Intel's foundry business to manufacture 10nm smartphone application processor.<h2>Negative news to TSMC?</h2>Of course, this news is incremental negative to TSMC especially after 28% ytd performance on share price vs. Taiwan Weighted Index' 13% ytd. Two key incremental negatives are: 1) Intel has not given up…

What's new?Announced at the Intel Developer Forum yesterday, Intel is licensing ARM's 64bit physical CPU core in order to win more foundry customers on 10nm process and announced that LG will use Intel's foundry business to manufacture 10nm smartphone application processor.Negative news to TSMC?Of course, this news is incremental negative to TSMC especially after 28% ytd performance on share price vs. Taiwan Weighted Index' 13% ytd. Two key incremental negatives are: 1) Intel has not given up…

Intel Licenses 64bit ARM to Boost Foundry

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

Korea's OLED stocks continue to hit record highs ahead of the expected iPhone shift to AMOLED next year; along with stories of Chinese handset maker, Oppo, suffering from shortages for its new OLED handset. There is doubt that Samsung Electronics is the top manufacturer of OLED, and within Samsung's OLED supply chain, Advanced Process Systems (054620) and Dong A Eltek (088130) are two companies benefiting from the growing use of OLED displays. But the problem is these two companies and other…

Korea's OLED stocks continue to hit record highs ahead of the expected iPhone shift to AMOLED next year; along with stories of Chinese handset maker, Oppo, suffering from shortages for its new OLED handset. There is doubt that Samsung Electronics is the top manufacturer of OLED, and within Samsung's OLED supply chain, Advanced Process Systems (054620) and Dong A Eltek (088130) are two companies benefiting from the growing use of OLED displays. But the problem is these two companies and other…

Korea's OLED Rally: Stocks to Buy at This Time

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)

Start of One-Shot Act - The Good, Bad, and the Ugly

The "One-Shot Act" (also called The Special Act on the Corporate Revitalization) effectively started in Korea on 16 August when Hanwha Chemical...

Douglas Kim

Intel Announces Foundry Collaboration With ARM at Intel Developer Forum

At the Intel Developer Forum in San Francisco, Intel announced a flurry of news with far-reaching implications across the semiconductor...

Morningstar, Inc.

Intel Licenses 64bit ARM to Boost Foundry

What's new?Announced at the Intel Developer Forum yesterday, Intel is licensing ARM's 64bit physical CPU core in order to win more foundry...

Andrew Lu

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

Korea's OLED Rally: Stocks to Buy at This Time

Korea's OLED stocks continue to hit record highs ahead of the expected iPhone shift to AMOLED next year; along with stories of Chinese handset...

Sanghyun Park

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