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

Equity Bottom-Up

This is a follow-up on my previous note "<a href="https://www.smartkarma.com/insights/samsung-s-lee-jae-yong-buying-samsung-c-t-or-samsung-engineering" target="_blank">Samsung’s Lee Jae-Yong, Buying Samsung C&amp;T or Samsung Engineering?</a>" and "<a href="https://www.smartkarma.com/insights/samsung-electronics-005930-totally-new-view-on-samsung-s-electric-vehicle-business" target="_blank">Samsung Electronics (005930): Totally New View on Samsung’s Electric Vehicle Business</a>". The situation has changed. Now, the most likely scenario is as follows.1. Equity spinoff of Samsung C&amp;T<ul>
<li>Create a company that holds only 19.34 percent of Samsung Life.</li>
<li>Samsung C&amp;T currently holds 19.34 percent of Samsung Life.</li>
</ul>2. Equity spinoff of Samsung Life<ul><li>Create a company that holds 9.65 percent…</li></ul>

This is a follow-up on my previous note "Samsung’s Lee Jae-Yong, Buying Samsung C&amp;T or Samsung Engineering?" and "Samsung Electronics (005930): Totally New View on Samsung’s Electric Vehicle Business". The situation has changed. Now, the most likely scenario is as follows.1. Equity spinoff of Samsung C&amp;T
Create a company that holds only 19.34 percent of Samsung Life.
Samsung C&amp;T currently holds 19.34 percent of Samsung Life.
2. Equity spinoff of Samsung LifeCreate a company that holds 9.65 percent…

Update on Samsung's Succession Scenario: Which Stock Should You Buy?