It trades at roughly a 38% premium to ticker 000660 based on tokenized swaps.
The 40T KRW buyback is projected to repurchase 20.7 million shares within 4 months. I haven't seen any stated limit on how many shares they can buy per day, but I assume there is one.
Over the previous 3 months, net 15 million shares to the upside and the stock went up 228%.
The last month saw net 50 million shares and the stock dropped 50%.
I assume $SK hynix(SKHY)$ will buy more shares up front and less as the price goes up. I also assume they do not plan to buy much above 1.66M KRW per share.
This is why the ADR is not moving up as much as the base stock on the tokenized exchanges.
The ADR will not be bought.
$Roundhill Memory ETF(DRAM)$ is based on the Korean stocks, so it will go up more, and thus a 2x ETF like $T-REX 2X Long DRAM Daily Target ETF(RAM)$ will benefit.
I also think the 3x ETF $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$ will go up a lot.
It would be smart for Samsung to buy back shares soon to keep buyback costs down.
$Micron Technology(MU)$ is not permitted to announce a buyback until 12/9 because of the Biden Chips Act.
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