Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Event-Driven

<ul>
<li>In this insight, we discuss recent, active insiders buying and selling their shares prior to the mandatory block deal pre-announcement requirement starting 24 July in Korea.</li>
<li>The three companies that announced insiders selling (July) are down on average 3% YTD. However, the three companies that announced insiders buying (July) are up on average 74% YTD. </li>
<li>LS Cable has been consistently increasing its ownership of LS Marine Solution, up from 46% stake as of 27 May 2024 to 56.14% as of 8 July 2024.</li>
</ul>


In this insight, we discuss recent, active insiders buying and selling their shares prior to the mandatory block deal pre-announcement requirement starting 24 July in Korea.
The three companies that announced insiders selling (July) are down on average 3% YTD. However, the three companies that announced insiders buying (July) are up on average 74% YTD. 
LS Cable has been consistently increasing its ownership of LS Marine Solution, up from 46% stake as of 27 May 2024 to 56.14% as of 8 July 2024.


Insiders Buying and Selling Prior To Mandatory Block Deal Pre-Announcement Requirement in Korea

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/motonic-corp" target="_blank" data-smartkarma-citation="entities:4404:1" rel="noopener">Motonic Corp (009680 KS)</a> is the 16th company in our Korea Small Cap Gems series. </li>
<li>Motonic's net cash (including treasury shares) total 432 billion won, which would represent 148% of the company's current market cap. </li>
<li>Established in 1974, Motonic Corp makes automobile parts in Korea. Its main products consist of liquefied petroleum injection (LPI) systems, clutches, and continuously variable valve lifts (CVVLs). </li>
</ul>



Motonic Corp (009680 KS) is the 16th company in our Korea Small Cap Gems series. 
Motonic's net cash (including treasury shares) total 432 billion won, which would represent 148% of the company's current market cap. 
Established in 1974, Motonic Corp makes automobile parts in Korea. Its main products consist of liquefied petroleum injection (LPI) systems, clutches, and continuously variable valve lifts (CVVLs). 


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

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  See the attached report for a complete list of our recommendations from this list.

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform using the Discovery Tool.  See the attached report for a complete list of our recommendations from this list.

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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

MBK Partners got another deal. Daesung-GS consortium chose MBK as a preferred bidder for Daesung Industrial Gases. MBK made a huge upset by beating TPG (Texas Pacific Group) at the last minute. MBK's bid is believed to be around ₩2tril, which is well above ₩1.5tril that Daesung-GS consortium set as the minimum price. MBK is said to be planning to complete this deal by April.1. ₩2tril price tag, this is EVHow much cash is MBK supposed to pay to Daesung-GS consortium? This ₩2tril price tag is…

MBK Partners got another deal. Daesung-GS consortium chose MBK as a preferred bidder for Daesung Industrial Gases. MBK made a huge upset by beating TPG (Texas Pacific Group) at the last minute. MBK's bid is believed to be around ₩2tril, which is well above ₩1.5tril that Daesung-GS consortium set as the minimum price. MBK is said to be planning to complete this deal by April.1. ₩2tril price tag, this is EVHow much cash is MBK supposed to pay to Daesung-GS consortium? This ₩2tril price tag is…

Stories Behind Another MBK Buyout, Daesung Industrial Gases For ₩2tril

Yesterday (Jan 23) in a regulatory filing, both SK Holdings (034730) and LG Corp. (003550) said that they reached to an agreement on the sale of 51% stake in LG Siltron. SK Holdings paid ₩620bil (US$531mil) to acquire 51% stake from LG Corp. LG Siltron produces wafer which is one of the key materials for semiconductor production.

Yesterday (Jan 23) in a regulatory filing, both SK Holdings (034730) and LG Corp. (003550) said that they reached to an agreement on the sale of 51% stake in LG Siltron. SK Holdings paid ₩620bil (US$531mil) to acquire 51% stake from LG Corp. LG Siltron produces wafer which is one of the key materials for semiconductor production.

SK & LG's Deal on Controlling Stake in Semiconductor Wafer Producer LG Siltron - Key Issues

South Korea

Deutsch Motors Inc. operates automobile dealership for new and used cars.  The Company also rents and leases the motor vehicles and provides after-sales services.  Deutsch Motors' cars include BMW and BMW's Mini.

The Leadcorp, Inc. specializes in small-scale consumer financing. The Company also distributes petroleum products and operates gas stations and highway rest stop businesses in Chungcheong region.

Lotte Himart Company, Ltd. offers retailing and distribution services for consum er electronics and household appliances.  The Company offers a wide range of ele ctronic goods including TV, cell phones, computers, printers, GPS, digital camer as and MP3 as well as household appliances including refrigerators, microwaves, hair dryers and vacuum cleaners.

Kolao Holdings retails new and used cars, and provided repairs and maintenance services in Laos.  The company also retails motorcycles and automobile parts.

LS Networks Co., Ltd. manufactures leather and athletic shoes, sports apparel, golf accessories, and leisure items.  The Company also operates a building leasing business.

Seobu T&D operates a truck terminal and gas stations. The Company also provides freight and real estate leasing services.

Shinsegae International Co., Ltd. was spun off from Shinsegae in 1996.  The company imports and distributes famous foreign brands and manufactures/distribut es domestic brand.  The Company's line of business includes the wholesale distribution of men's and women's apparel.

Bubang Co., Ltd manufactures and distributes household electrical appliances, especially rice cooker and steamer.

Cuckoo Homesys Co. Ltd. manufactures kitchen appliances. The Company produces and sells electric pressure cookers, dishwashers, blenders, water purifiers, and other products. Cuckoo Homesys also provides kitchen appliances exporting services. Cuckoo Homesys markets its products worldwide.

YES24 Co.,Ltd is an on-line retailer.  The company markets and sells books. The company also provides online advertising service.

Auto Italia Holdings Limited distributes brand-name products including motor vehicles. The Company serves customers in Hong Kong, Macau, mainland China, and elsewhere in Asia.

International Housewares Retail Company Limited operates retail houseware retail stores. The Company offers customers a variety of houseware products in Hong Kong, Singapore, West Malaysia, China and Macau.

International Housewares Retail (1373 HK)

Guangzhou Canudilo Fashion & Accessories Company Limited designs and develops own-brand high-end men's clothing, brand promotion, retail management and acts as a sales agent of international brands of apparel products. The Company's main product is high-end men's clothing.

Guangzhou Canudilo Fshn And Acsrs (002656 CH)

Shan-Loong Transportation Co., Ltd. transports containers.  The Company also operates in the auto repairing, warehousing, and gas station businesses.

Sportsman's Warehouse Holdings Inc. operates as a holding company. The Company, through its subsidiaries, provides sporting goods, sporting equipment, bicycles, footwear, electronics, and apparels. Sportsman's Warehouse distributes its products throughout the United States.

The Cato Corporation and its subsidiaries operate and manage stores in the United States.  The stores, under the names Cato, Cato Fashions, Cato Plus, and It's Fashion!, feature women's apparel and accessories for juniors, misses, and large sizes.  The Company's apparel includes dresses, careerware, coats, hosiery, shoes, handbags, and other related items.

China Harmony Auto Holding Limited is a dealership group that deals exclusively in luxury and ultra-luxury passenger vehicles in China. The Company's dealership outlets are located in populous and affluent cities in China.

SUNDAY CO., LTD. operates a chain of home center stores which specializes in providing home improvement products, leisure goods, and sundry goods.  The Company has stores in primarily Aomori Prefecture, and also in Hokkaido and the Tohoku region.

Mulsanne Group Holding Limited offers omni channel branding and marketing services. The Company offers online advertising, social media campaign, and other services. Mulsanne Group Holding provides its services throughout China.

Laox CO., LTD. operates a chain store known as Laox specialized in household appliances and computers based in Kanto region.  The Company also sells import goods, watch, and musical instruments.

Daesung Industrial Co., Ltd. purchases and distributes petroleum and gas products through its gasoline stations and propane gas filling stations. The Company also distributes electricity, offers construction services, and manufactures industrial machinery.  In addition, Daesung Industrial invests in venture capital through its subsidiary.

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Daesung Industrial (128820 KS)

Insiders Buying and Selling Prior To Mandatory Block Deal Pre-Announcement Requirement in Korea

In this insight, we discuss recent, active insiders buying and selling their shares prior to the mandatory block deal pre-announcement requirement...

Douglas Kim

Korea Small Cap Gem #16: Motonic Corp

Motonic's net cash (including treasury shares) total 432 billion won, which would represent 148% of the company's current market cap. Motonic is a...

Douglas Kim

Popular Stocks, Attractive Charts

Actionable Charts from Smart Karma’s Most-Searched Tickers.We ran through a list of the most frequently searched tickers on the SmartKarma platform...

Vermilion Research

Stories Behind Another MBK Buyout, Daesung Industrial Gases For ₩2tril

MBK Partners got another deal. Daesung-GS consortium chose MBK as a preferred bidder for Daesung Industrial Gases. MBK made a huge upset by beating...

Sanghyun Park

SK & LG's Deal on Controlling Stake in Semiconductor Wafer Producer LG Siltron - Key Issues

Yesterday (Jan 23) in a regulatory filing, both SK Holdings (034730) and LG Corp. (003550) said that they reached to an agreement on the sale of...

Sanghyun Park

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