Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Equity Capital Markets

<ul>
<li>LG Electronics has already picked the bankers for the Indian IPO. JP Morgan and Morgan Stanley are on board as the lead underwriters, along with two unnamed local Indian banks.</li>
<li>LGEIL is aiming to submit the Draft Red Herring Prospectus (DRHP) to India's SEBI by the fourth quarter of this year.</li>
<li>LG Electronics plans to raise about USD 700 million by selling around 25% of its stake in a secondary offering.</li>
</ul>


LG Electronics has already picked the bankers for the Indian IPO. JP Morgan and Morgan Stanley are on board as the lead underwriters, along with two unnamed local Indian banks.
LGEIL is aiming to submit the Draft Red Herring Prospectus (DRHP) to India's SEBI by the fourth quarter of this year.
LG Electronics plans to raise about USD 700 million by selling around 25% of its stake in a secondary offering.


Latest Information on LG Electronics India Subsidiary's IPO on the Indian Stock Market

Event-Driven

<ul>
<li>LG Electronics aims for 7% growth, a 7x EV/EBITDA multiple, and a ₩1,000 DPS with a 25% payout ratio, likely disclosing details by late October or early November.</li>
<li>LG Electronics' value-up disclosure highlights major non-financial companies' participation before the value-up index launch, driven by regulatory pressure and concerns about index inclusion.</li>
<li>Samsung and Hyundai are likely to disclose value-up plans by early September, prompting an upward revision of flow size predictions for the value-up index launch.</li>
</ul>


LG Electronics aims for 7% growth, a 7x EV/EBITDA multiple, and a ₩1,000 DPS with a 25% payout ratio, likely disclosing details by late October or early November.
LG Electronics' value-up disclosure highlights major non-financial companies' participation before the value-up index launch, driven by regulatory pressure and concerns about index inclusion.
Samsung and Hyundai are likely to disclose value-up plans by early September, prompting an upward revision of flow size predictions for the value-up index launch.


LG Electronics' Value-Up Disclosure Today: Impact on Initial Flow Sizing for the Value-Up Index

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>In this insight, we provide the major highlights of the solid Corporate Value Up plan announced by LG Corp on 22 November. </li>
<li>The key highlights include about 500 billion won worth of share cancellation by 2026, improved dividend policy, and higher ROE target.</li>
<li>Our base case NAV valuation analysis of LG Corp suggests implied NAV of 16.1 trillion won or NAV per share of 102,426 won, which is 33.4% higher than current price.</li>
</ul>


In this insight, we provide the major highlights of the solid Corporate Value Up plan announced by LG Corp on 22 November. 
The key highlights include about 500 billion won worth of share cancellation by 2026, improved dividend policy, and higher ROE target.
Our base case NAV valuation analysis of LG Corp suggests implied NAV of 16.1 trillion won or NAV per share of 102,426 won, which is 33.4% higher than current price.


LG Corp: Key Highlights from Its Corporate Value-Up Plan and Updated NAV Valuation

<ul>
<li>According to local media, LG Electronics is reviewing for a potential IPO of LG Electronics India. LG Electronics has approached JP Morgan and Morgan Stanley to be potential IPO underwriters.</li>
<li>If LG Electronics' Indian subsidiary is listed, it is expected to be able to raise at least $500 million from the stock market.</li>
<li>Post IPO, the market value of LG Electronics India is estimated to be between $2.1 billion (3 trillion won) and $4.3 billion (6 trillion won).</li>
</ul>


According to local media, LG Electronics is reviewing for a potential IPO of LG Electronics India. LG Electronics has approached JP Morgan and Morgan Stanley to be potential IPO underwriters.
If LG Electronics' Indian subsidiary is listed, it is expected to be able to raise at least $500 million from the stock market.
Post IPO, the market value of LG Electronics India is estimated to be between $2.1 billion (3 trillion won) and $4.3 billion (6 trillion won).


Initial Thoughts on LG Electronics India IPO

<ul>
<li>LG Electronics’ Indian subsidiary, fully owned, saw 2023 sales grow 17% to ₩3.3T and net profit rise 14% to ₩231.3B, driven by strong appliance demand.</li>
<li>LG Electronics aims for a ₩5T-₩6T valuation, planning to sell 15-20% of their Indian subsidiary to raise at least $500M.</li>
<li>LG Electronics plans to invest the $500M raised into their EV components business, moving quickly with the IPO due to urgent funding needs in the downturn-hit sector.</li>
</ul>


LG Electronics’ Indian subsidiary, fully owned, saw 2023 sales grow 17% to ₩3.3T and net profit rise 14% to ₩231.3B, driven by strong appliance demand.
LG Electronics aims for a ₩5T-₩6T valuation, planning to sell 15-20% of their Indian subsidiary to raise at least $500M.
LG Electronics plans to invest the $500M raised into their EV components business, moving quickly with the IPO due to urgent funding needs in the downturn-hit sector.


LG Electronics' Indian Subsidiary Is Gearing up for an IPO on the Indian Stock Market

South Korea

LG Electronics Inc. manufactures and markets digital display equipment and home appliances. The Company produces and markets flat panel televisions, A/V products, washing machines, air conditioners and refrigerators as well as telecommunications equipment such as smart phones and tablets.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

LG Electronics (066570 KS)

Latest Information on LG Electronics India Subsidiary's IPO on the Indian Stock Market

This post offers the latest updates from Korea's local media and industry sources about the upcoming IPO of LG Electronics' Indian subsidiary on...

Sanghyun Park

LG Electronics' Value-Up Disclosure Today: Impact on Initial Flow Sizing for the Value-Up Index

This post explores how LG Electronics' value-up disclosure today affects the initial flow sizing of the value-up index, set to launch next month.

Sanghyun Park

LG Corp: Key Highlights from Its Corporate Value-Up Plan and Updated NAV Valuation

The key highlights of LG Corp's Corporate Value Up plan include about 500 billion won worth of share cancellation by 2026, improved dividend...

Douglas Kim

Initial Thoughts on LG Electronics India IPO

LG Electronics is reviewing for a potential IPO of LG Electronics India. Post IPO, the market value of LG Electronics India is estimated to be...

Douglas Kim

LG Electronics' Indian Subsidiary Is Gearing up for an IPO on the Indian Stock Market

This post shares the latest updates circulating in the local market regarding the listing of LG Electronics' Indian subsidiary on the Indian stock...

Sanghyun Park

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)