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

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Hong Ra-Hee Block Deals on Samsung Electronics: Likely Pushed Back to Early Next Year

KOSPI Overhang Stocks: Krafton, Kakao Bank, SKIET, Samsung Elec, & Samsung SDS

Samsung Electronics Dividend Situation Update Based on 3Q Results

Samsung Founding Family's Stake Sale: Impact on SamE Share Buyback Vs. Special Dividend

Samsung Electronics Yearend Special Dividend Possibility Checkup

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Event-Driven

<ul>
<li>The 4Q consensus DPS is ₩584, implying that this year's special dividend is ₩223 and the 4Q CAPEX is ₩12.62T.</li>
<li>From the 1P/Ord pair trade perspective, the possibility that the 1P discount will rise above 10% again is low in the short term.</li>
<li>We may have to prepare a trading setup aimed at the possibility that the CAPEX concerns may push the futures/spot into contango, leading to a spread opening.</li>
</ul>


The 4Q consensus DPS is ₩584, implying that this year's special dividend is ₩223 and the 4Q CAPEX is ₩12.62T.
From the 1P/Ord pair trade perspective, the possibility that the 1P discount will rise above 10% again is low in the short term.
We may have to prepare a trading setup aimed at the possibility that the CAPEX concerns may push the futures/spot into contango, leading to a spread opening.


Samsung Electronics Pref Shares (005935 KS)

Samsung Electronics Yearend DPS Revised Down