Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<a href="https://www.smartkarma.com/entities/26703" target="_blank" data-smartkarma-citation="entities:26703:1">SK Lubricants Co Ltd (0179791D KS)</a> is getting ready for an IPO in 2018. SK Lubricants is likely to be one of the largest IPOs in Korea in 2018. Established in 1968, SK Lubricants is 100% owned by <a href="https://www.smartkarma.com/entities/1268" target="_blank" data-smartkarma-citation="entities:1268:1">SK Innovation Co Ltd (096770 KS)</a>. There could be some additional interest in SK Innovation as the potential for the IPO of SK Lubricants becomes a closer reality. A potential IPO of SK Lubricants has been discussed as early as 2013 but has faced numerous delays. A major investment thesis of SK…

SK Lubricants Co Ltd (0179791D KS) is getting ready for an IPO in 2018. SK Lubricants is likely to be one of the largest IPOs in Korea in 2018. Established in 1968, SK Lubricants is 100% owned by SK Innovation Co Ltd (096770 KS). There could be some additional interest in SK Innovation as the potential for the IPO of SK Lubricants becomes a closer reality. A potential IPO of SK Lubricants has been discussed as early as 2013 but has faced numerous delays. A major investment thesis of SK…

SK Lubricants IPO Preview (Part 1) - A Solid Business Weighed Down by Long-Term Pressures from EVs

Thematic (Sector/Industry)

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With 2017 nearly over, we look forward to the major IPOs in Korea in 2018. This is our "Third Annual Edition of the Major IPOs Pipeline Preview" already at Smartkarma! In this report, we have identified 33 companies that are expected to complete their IPOs in the Korean Stock Market in 2018. 
2018 ("Year of the Dog") appears to be an exciting year for IPOs in Korea. Among the IPOs next year that we think that the following ten companies could experience strong attention among institutional…
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With 2017 nearly over, we look forward to the major IPOs in Korea in 2018. This is our "Third Annual Edition of the Major IPOs Pipeline Preview" already at Smartkarma! In this report, we have identified 33 companies that are expected to complete their IPOs in the Korean Stock Market in 2018. 
2018 ("Year of the Dog") appears to be an exciting year for IPOs in Korea. Among the IPOs next year that we think that the following ten companies could experience strong attention among institutional…


Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

MSCI Emerging Markets Index / Technical Analysis

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018.  Elsewhere, Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness.  Today’s report includes a complete summary of our EM views as well as a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018.  Elsewhere, Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness.  Today’s report includes a complete summary of our EM views as well as a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

EM Outlook: Bullish, Led by BRIC and Asia

<h2>JAPAN</h2>NTT DOCOMO - Travis Lundy writes about this company in his note, <a href="https://www.smartkarma.com/insights/ntt-docomo-tender-offer-buyback-event" target="_blank" data-smartkarma-citation="insights:16046">NTT Docomo : Tender Offer Buyback Event</a>. Travis says that he would want to be long NTT Docomo and short NTT for a "drift trade" over the next 3 months. There will be buying support on NTT Docomo whereas the NTT buyback pressure putting a cushion under the stock price is likely done for now. The structure of the buyback also suggests that Docomo would buy back some 10-15% of ADV between mid-January and late March to complete…

JAPANNTT DOCOMO - Travis Lundy writes about this company in his note, NTT Docomo : Tender Offer Buyback Event. Travis says that he would want to be long NTT Docomo and short NTT for a "drift trade" over the next 3 months. There will be buying support on NTT Docomo whereas the NTT buyback pressure putting a cushion under the stock price is likely done for now. The structure of the buyback also suggests that Docomo would buy back some 10-15% of ADV between mid-January and late March to complete…

The Week That Was in NorthAsia@Smartkarma: 5G, Xi-Moon Meeting, & Independent Research

Event-Driven

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It was reported today in local Korean media that the SK Group wants to acquire <a href="https://www.smartkarma.com/entities/10811" target="_blank" data-smartkarma-citation="entities:10811:1">Kumho Tire Co Inc (073240 KS)</a>, by injecting 700 billion won in the company in a rights offering. The SK Group expects additional synergies from its automotive parts business with the company's tire business. If this deal goes through, SK Group would have at least 30% stake in Kumho Tire, which would be enough for the management control. </li>
<li>As of December 14th, Kumho Tire's market cap was 635 billion won, so the…</li>
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It was reported today in local Korean media that the SK Group wants to acquire Kumho Tire Co Inc (073240 KS), by injecting 700 billion won in the company in a rights offering. The SK Group expects additional synergies from its automotive parts business with the company's tire business. If this deal goes through, SK Group would have at least 30% stake in Kumho Tire, which would be enough for the management control. 
As of December 14th, Kumho Tire's market cap was 635 billion won, so the…


Korea M&A Spotlight: SK Group Plans to Acquire Kumho Tire

South Korea

SK Innovation Co., Ltd. refines, markets, and distributes oil.  The Company produces a variety of petroleum products, such as gasoline, kerosene, liquefied petroleumgas (LPG), and diesel oil.  SK Energy also manufactures petrochemical p roducts, including paraxylene, synthetic resins, styrene monomer, and ethylene.

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SK Innovation (096770 KS)

SK Lubricants IPO Preview (Part 1) - A Solid Business Weighed Down by Long-Term Pressures from EVs

SK Lubricants Co Ltd (0179791D KS) is getting ready for an IPO in 2018. SK Lubricants is likely to be one of the largest IPOs in Korea in...

Douglas Kim

2018 Major IPOs Pipeline in Korea

With 2017 nearly over, we look forward to the major IPOs in Korea in 2018. This is our "Third Annual Edition of the Major IPOs Pipeline Preview"...

Douglas Kim

EM Outlook: Bullish, Led by BRIC and Asia

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs....

Vermilion Research

The Week That Was in NorthAsia@Smartkarma: 5G, Xi-Moon Meeting, & Independent Research

JAPANNTT DOCOMO - Travis Lundy writes about this company in his note, NTT Docomo : Tender Offer Buyback Event. Travis says that he would want to be...

Douglas Kim

Korea M&A Spotlight: SK Group Plans to Acquire Kumho Tire

It was reported today in local Korean media that the SK Group wants to acquire Kumho Tire Co Inc (073240 KS), by injecting 700 billion won in the...

Douglas Kim

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