Warren Buffett's Increased Stakes in Japanese Trading Houses - Impact on Korean Trading Companies
In this insight, we discuss how Buffett's increased stakes in Japanese trading companies could positively impact Korean trading companies.
In addition, we look back at the past five years and compare how the major Korean trading companies have performed relative to their Japanese counterparts.
In Korea, we believe that the following 5 major Korean trading companies (POSCO International, Hanwha Corp, LX International, Samsung Corp, and Hyundai Corp) could continue to outperform the market.
One of the biggest stories in the Asian stock markets in the past week has been Warren Buffett's public statements that Berkshire Hathaway Inc Cl A (BRK/A US) would likely increase its stakes in the five major Japanese trading companies. Buffett mentioned that the five trading houses agreed to "moderately relax" limits that capped Berkshire's ownership stakes below 10%.
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