mst@fyi:~$ compare holdco_discount_cases

Discounts close only when mechanics are visible.

These pages compare SK Square and SK Inc with other listed holding-company wrappers. The focus is not just headline discount, but whether the mechanism can turn discount into NAV/share growth.

Structures

linked notes

pure wrapper

Prosus / Naspers

Tencent-backed wrapper with explicit sell-stake/buy-discounted-shares mechanism.

complex allocator

SoftBank Group

Large stated NAV, Arm concentration, Vision Fund marks, leverage, and buyback optionality.

family allocator

Exor

European family-controlled allocator with Ferrari, Stellantis, Philips, CNH, cash, and low LTV.

Korea value-up

Samsung C&T / LG Corp

Local peer set for Korean governance, affiliate dividends, treasury retirement, and Value-Up credibility.

control wrapper

Porsche SE

VW and Porsche AG exposure with voting control, legal history, and a persistent structural discount.