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Joined December 2010
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We've reimagined Smartkarma for the AI era, building on what has always been at our core: 𝗜𝗱𝗲𝗮𝘀. 𝗗𝗮𝘁𝗮. 𝗣𝗲𝗼𝗽𝗹𝗲.
A completely redesigned platform bringing together original investment insights, specialist alternative data and human expertise, all connected by AI and grounded in research.
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KISCO Corp (104700 KS): Parent's Fair Offer For Shares Not Held
— David Blennerhassett
--
$104700.KS
1/
Trading tight. It's doubtful the full tendering % will be satisfied. Expect a reload, possibly with more gruel. Elsewhere, Holdings is "cheap" on a implied stub and NAV discount basis.
4/
🎯 Price ratio of closely correlated ADR/local pair, Fomento Economico Mexicano SAB/Fomento Economico Mexica-Ubd is near -2 s.d.
Scores
• Actionability 4: room for price ratio to mean-revert
• Investability 4: fairly liquid pair
🔒 For Subs:
on.skr.ma/486Y16M
🔓 Free Research Previews —
• Fomento Economico Mexicano SAB $FMX:
on.skr.ma/4mI8ol2
• Fomento Economico Mexica-Ubd $FEMSAUBD.MM:
on.skr.ma/4mJSVRo
🔍 Access Smartkarma's premium tools & features here:
on.skr.ma/tools
The Hour Glass 1H FY2027: solid print, S$51m returned to shareholders.
Street coverage still thin. 1 Broker with big upside.
@MikeFritzell, @SameerTaneja41 and Punit Khanna provide independent coverage.
•Rev +20% to S$740m
•PATMI +27% to S$96.3m
•EPS +29% to 15.09c
•Buybacks 9.44m shares @ ~S$2.73 + FY26 final div
•Cash S$160m, zero bank debt
•Interim 2c payable 27 Nov
Lines up with prior Smartkarma notes on the Rolex/Patek agencies, margins and capital returns.
Results: links.sgx.com/FileOpen/THGL_…
Smartkarma: smartkarma.com/insights/prim…
Hate to say it... CZ is right...
Binance Founder, CZ, issues big WARNING.
"If a crypto exchange can be hacked, banks are in a worse position."
"This is not just a #crypto problem. This is actually a much wider information security problem."
% of Pairwise Correlations in S&P 500 #chartoftheday (via @dailychartbook)
"There are 124,750 possible pairs of companies within the S&P, and at present 40% are negatively correlated. That's a lot".
Smartkarma retweeted
We've reimagined Smartkarma for the AI era, building on what has always been at our core: 𝗜𝗱𝗲𝗮𝘀. 𝗗𝗮𝘁𝗮. 𝗣𝗲𝗼𝗽𝗹𝗲.
A completely redesigned platform bringing together original investment insights, specialist alternative data and human expertise, all connected by AI and grounded in research.
See it for yourself: smartkarma.com/dashboard
Apple’s ($AAPL) comments on memory prices have pushed the narrative that the entire sector is seeing broad-based margin expansion.
Looking past the headline print, the underlying tape shows a clear divergence:
DRAM and NAND dynamics have split, and supply discipline among Korean producers is beginning to show friction.
Here is what local channel checks in Seoul are pointing to:
How the divergence sets up moving forward:
• SK Hynix ($000660): Product mix remains skewed toward premium HBM nodes, limiting direct exposure to potential legacy pricing weakness.
• Cloud & Enterprise Buyers: Increased standard DRAM volume could help moderate overall memory bill-of-materials costs on general-purpose servers.
• Hardware OEMs: Still face elevated component costs for high-density configurations without clear consumer pricing power to pass it on.
Memory is no longer a uniform trade.
@MikeFritzell has been highlighting some single stock ideas on the theme as well in his recent write-ups.
For Subs: Sanghyun Park’s full analysis on Samsung’s supply posture and SK Hynix’s strategic response:
smartkarma.com/insights/sams…
