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

SEC Support Break, Korea Short/Long Levels and HSI Fade

Nov 26 MSCI EM Rebalancing on Korea & Samsung Elec

Samsung Elec C/1P Trade: 1P Still Overpriced Even with Year-End Dividend

Event-Driven

<div><p>Samsung Electronics has two classes of stock: ordinary shares <a href="https://www.smartkarma.com/entities/samsung-electronics-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:191:1">Samsung Electronics (005930 KS)</a> and the preferred shares <a href="https://www.smartkarma.com/entities/samsung-electronics-pref-shares" target="_blank" rel="noopener" data-smartkarma-citation="entities:23591:1">Samsung Electronics Pref Shares (005935 KS)</a>. Typically, these two classes trade in a tight band and arbitrageurs move in when the ratio of the two securities reaches either end of the band.</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 ordinary shares in the near term by around 3% absolute.</p></div>

Samsung Electronics has two classes of stock: ordinary shares Samsung Electronics (005930 KS) and the preferred shares Samsung Electronics Pref Shares (005935 KS). Typically, these two classes trade in a tight band and arbitrageurs move in when the ratio of the two securities reaches either end of the band.Currently, the preferred shares are trading at the cheaper end of the band. We expect the preferred shares to outperform the ordinary shares in the near term by around 3% absolute.

Samsung Electronics Pref Shares (005935 KS)

Samsung Electronics - Prefs Trading Cheap