if south korean companies are going to be punished for holding cash, what do you think of investing in those companies with a lot of cash? some of these are carrying a startling amount of cash.
here's a list, courtesy of chatgpt:
1. Samsung Electronics
Total Cash Holdings (2023): Around $100 billion.
Shares Outstanding (2023): Approximately 6.8 billion shares.
Estimated Cash Per Share:
≈ $14.70 per share
2. SK Hynix
Total Cash Holdings (2023): Around $12 billion.
Shares Outstanding (2023): Approximately 728 million shares.
Estimated Cash Per Share:
≈ $16.48 per share
3. Hyundai Motor Company
Total Cash Holdings (2023): Around $15 billion.
Shares Outstanding (2023): Approximately 213 million shares.
Estimated Cash Per Share:
≈ $70.42 per share
4. LG Electronics
Total Cash Holdings (2023): Around $5.5 billion.
Shares Outstanding (2023): Approximately 160 million shares.
Estimated Cash Per Share:
≈$34.38 per share
5. Naver Corp
Total Cash Holdings (2023): Around $4.5 billion.
Shares Outstanding (2023): Approximately 164 million shares.
Estimated Cash Per Share:
≈$27.44 per share
6. Kakao Corp
Total Cash Holdings (2023): Around $3 billion.
Shares Outstanding (2023): Approximately 442 million shares.
Estimated Cash Per Share:
≈ $6.79 per share
7. Posco Holdings
Total Cash Holdings (2023): Around $10 billion.
Shares Outstanding (2023): Approximately 87 million shares.
Estimated Cash Per Share:
≈ $114.94 per share
Notes:
The total cash holdings include cash, cash equivalents, and short-term investments as reported by these companies.
The values provided here are rough estimates based on recent financial data. For exact figures, a company’s most recent financial filings or annual reports should be referenced, as these provide official numbers.
It all depends on how they spend the money. Korean chaebol companies are notorious for spending on employee training (drinking) junkets. Could destroy a lot of value in bad acquisitions, or could buy back startling amount of float. The Koreans got crushed in their knock-in-knock-out derivatives crisis, so I'm not even against the cash holding. But yeah, the devil is in the spending details. I'm bullish the South Korean stock market generally though.
Found the reason, parent GungHo got an activist. Announced this morning. I am not that powerful lol. Not sure I would wait for the pullback, might never come
if south korean companies are going to be punished for holding cash, what do you think of investing in those companies with a lot of cash? some of these are carrying a startling amount of cash.
here's a list, courtesy of chatgpt:
1. Samsung Electronics
Total Cash Holdings (2023): Around $100 billion.
Shares Outstanding (2023): Approximately 6.8 billion shares.
Estimated Cash Per Share:
≈ $14.70 per share
2. SK Hynix
Total Cash Holdings (2023): Around $12 billion.
Shares Outstanding (2023): Approximately 728 million shares.
Estimated Cash Per Share:
≈ $16.48 per share
3. Hyundai Motor Company
Total Cash Holdings (2023): Around $15 billion.
Shares Outstanding (2023): Approximately 213 million shares.
Estimated Cash Per Share:
≈ $70.42 per share
4. LG Electronics
Total Cash Holdings (2023): Around $5.5 billion.
Shares Outstanding (2023): Approximately 160 million shares.
Estimated Cash Per Share:
≈$34.38 per share
5. Naver Corp
Total Cash Holdings (2023): Around $4.5 billion.
Shares Outstanding (2023): Approximately 164 million shares.
Estimated Cash Per Share:
≈$27.44 per share
6. Kakao Corp
Total Cash Holdings (2023): Around $3 billion.
Shares Outstanding (2023): Approximately 442 million shares.
Estimated Cash Per Share:
≈ $6.79 per share
7. Posco Holdings
Total Cash Holdings (2023): Around $10 billion.
Shares Outstanding (2023): Approximately 87 million shares.
Estimated Cash Per Share:
≈ $114.94 per share
Notes:
The total cash holdings include cash, cash equivalents, and short-term investments as reported by these companies.
The values provided here are rough estimates based on recent financial data. For exact figures, a company’s most recent financial filings or annual reports should be referenced, as these provide official numbers.
It all depends on how they spend the money. Korean chaebol companies are notorious for spending on employee training (drinking) junkets. Could destroy a lot of value in bad acquisitions, or could buy back startling amount of float. The Koreans got crushed in their knock-in-knock-out derivatives crisis, so I'm not even against the cash holding. But yeah, the devil is in the spending details. I'm bullish the South Korean stock market generally though.
lol you’re right about the employee training/drinking events. A lot of the employees live for those once a month outings.
Well, guess I’ll wait for a pullback.
Found the reason, parent GungHo got an activist. Announced this morning. I am not that powerful lol. Not sure I would wait for the pullback, might never come
$grvy mighty strong last two days. Looks like your articles move markets. I tried to buy at the open at $60 and never filled.
Well, 1,500 subscribers might actually be enough to move markets? I have my doubts, pivot to emerging markets is hot right now
Sheesh, that is a big move this morning though. Doesn't happen to everything I write about. Could be this idea was better than others?