Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Samsung Electronics - Prefs Trading Cheap

Event-Driven

Samsung Electro Mechanics Co, Ltd. / Event-Driven

Samsung Electro Mechanics Co, Ltd. (009150 KS)

<div><p>Samsung Electro-Mechanics has two classes of stock: common shares <a href="https://www.smartkarma.com/entities/samsung-electro-mechanics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:539:1">Samsung Electro Mechanics Co, Ltd. (009150 KS)</a> <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:191:1"></a>and the preferred shares 009155 KS. Since mid 2019, the common shares have outperformed the preferred shares as the stock has moved higher, helped by short covering.</p></div><div><p>Currently, the preferred shares are trading at the cheaper end of the band. We expect the preferred shares to outperform the common shares by around 4% absolute as the short covering on the common shares comes to an end.</p></div>

Samsung Electro-Mechanics has two classes of stock: common shares Samsung Electro Mechanics Co, Ltd. (009150 KS) and the preferred shares 009155 KS. Since mid 2019, the common shares have outperformed the preferred shares as the stock has moved higher, helped by short covering.Currently, the preferred shares are trading at the cheaper end of the band. We expect the preferred shares to outperform the common shares by around 4% absolute as the short covering on the common shares comes to an end.

Samsung ElectroMechanics - Common Short Covering Widens Pref Discount