Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<ul><li>The entire value chain for EVs and rechargeable batteries manufacturing will be one of the key themes of the Fourth Industrial Revolution in the coming decade. See our report, <a href="https://www.smartkarma.com/insights/the-fourth-industrial-revolution-a-boom-bust-and-a-boom" target="_blank" data-smartkarma-citation="insights:13037">The Fourth Industrial Revolution: A Boom, Bust, and a Boom</a>.</li><li>There is another interesting small-cap rechargeable batteries equipment manufacturer called Mplus Corp which is expected to complete its IPO in Korea in September. </li><li>Mplus Corp makes various rechargeable batteries production equipment such as notching, stacking, and tab welding systems (see pictures below). Mplus Corp manufactures these types of equipment to customers such as SK Innovation on a turnkey basis. A key competitive advantage of Mplus Corp is the fact that it is the domestic leader in providing a wide range of rechargeable batteries related assembly related equipment such as notching, degassing, and stacking systems.  </li><li>MPlus Corp has been experiencing some explosive sales growth in the past three years. Its sales skyrocketed nearly 7x from 3.6 billion won in 2014 to 28.0 billion won in 2016. Its sales were 28.9 billion won in 1H17, which was more than the total sales in 2016. </li></ul>

The entire value chain for EVs and rechargeable batteries manufacturing will be one of the key themes of the Fourth Industrial Revolution in the coming decade. See our report, The Fourth Industrial Revolution: A Boom, Bust, and a Boom.There is another interesting small-cap rechargeable batteries equipment manufacturer called Mplus Corp which is expected to complete its IPO in Korea in September. Mplus Corp makes various rechargeable batteries production equipment such as notching, stacking, and tab welding systems (see pictures below). Mplus Corp manufactures these types of equipment to customers such as SK Innovation on a turnkey basis. A key competitive advantage of Mplus Corp is the fact that it is the domestic leader in providing a wide range of rechargeable batteries related assembly related equipment such as notching, degassing, and stacking systems.  MPlus Corp has been experiencing some explosive sales growth in the past three years. Its sales skyrocketed nearly 7x from 3.6 billion won in 2014 to 28.0 billion won in 2016. Its sales were 28.9 billion won in 1H17, which was more than the total sales in 2016. 

MPlus Corp IPO Preview (Part 1) - Rechargeable Batteries Assembly Equipment Manufacturer

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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

<a href="https://www.smartkarma.com/entities/24216" target="_blank" data-smartkarma-citation="entities:24216:1">HIMS Co., Ltd (238490 KS)</a> is very similar in many ways as <a href="https://www.smartkarma.com/entities/24202" target="_blank" data-smartkarma-citation="entities:24202:1">V-One Tech Co., Ltd (251630 KS)</a>. That is, like V-One Tech, HIMS is also specialized in machine vision for OLED production process. Just, HIMS' machine vision based OLED testing equipment monitors different areas of OLED panels. Already, we are hearing many positive reactions and responses from Korea's local institutions. First and foremost, everyone is kinda being excited by Korea's super OLED rally. Second, they are feeling HIMS' suggested IPO price (₩100bil market cap) is quite cheap. Third, Samsung's own investment arm called "Samsung Ventures - SVIC" is one of the company's early investors. SVIC is still holding 5% shares. Lastly, HIMS is turning profits.Alright, let's find out whether this IPO stock is really worth our attention.

HIMS Co., Ltd (238490 KS) is very similar in many ways as V-One Tech Co., Ltd (251630 KS). That is, like V-One Tech, HIMS is also specialized in machine vision for OLED production process. Just, HIMS' machine vision based OLED testing equipment monitors different areas of OLED panels. Already, we are hearing many positive reactions and responses from Korea's local institutions. First and foremost, everyone is kinda being excited by Korea's super OLED rally. Second, they are feeling HIMS' suggested IPO price (₩100bil market cap) is quite cheap. Third, Samsung's own investment arm called "Samsung Ventures - SVIC" is one of the company's early investors. SVIC is still holding 5% shares. Lastly, HIMS is turning profits.Alright, let's find out whether this IPO stock is really worth our attention.

HIMS IPO Summary - Another Solid OLED Stock IPO

South Korea

DA Technology Co Ltd provides production facilities for lithium-based batteries.

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Da Technology (196490 KS)

MPlus Corp IPO Preview (Part 1) - Rechargeable Batteries Assembly Equipment Manufacturer

The entire value chain for EVs and rechargeable batteries manufacturing will be one of the key themes of the Fourth Industrial Revolution in the...

Douglas Kim

HIMS IPO Summary - Another Solid OLED Stock IPO

HIMS Co., Ltd (238490 KS) is very similar in many ways as V-One Tech Co., Ltd (251630 KS). That is, like V-One Tech, HIMS is also specialized in...

Sanghyun Park

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