In today’s briefing:
- A Step Closer to Samsung Life Insurance Finally Selling Its Shares in Samsung Electronics?
- CJ Cheiljedang: Considering a Potential Sale of Its Bio Business
A Step Closer to Samsung Life Insurance Finally Selling Its Shares in Samsung Electronics?
- Amid Samsung Electronics announcing a huge buyback of 10 trillion won, one of the issues that has resurfaced is the potential sale of Samsung Electronics by Samsung Life Insurance.
- The total amount of Samsung Electronics that could be sold by Samsung Life Insurance and Samsung F&M Insurance is 25.6 trillion won (at current prices).
- We remain Positive on Samsung Electronics. The 10 trillion won buyback program is a positive sign on the company’s willingness to provide higher shareholder returns.
CJ Cheiljedang: Considering a Potential Sale of Its Bio Business
- CJ Cheiljedang announced that it is considering on potentially selling its bio business for about 5-6 trillion won which could be more than its market cap.
- CJ Cheiljedang’s bio business is expected to have more than 4 trillion won in sales and about 700 billion won in EBITDA in 2024.
- We are positive on the company’s efforts to sell its Bio Business and reinvest it in its food business.
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