Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

Fine dust has become one of the biggest environmental problems facing Korea today. A decade ago, it was not a major problem that it is today. In fact, fine dust has become a major campaign issue for all the the major candidates in the upcoming Korean Presidential election. In order to tackle the fine dust problem, many ideas are being discussed.  <div class="content-highlight">Today, it was reported that the Korean government may change its current regulations for LPG cars in Korea. The Korean government plans to announce new…</div>

Fine dust has become one of the biggest environmental problems facing Korea today. A decade ago, it was not a major problem that it is today. In fact, fine dust has become a major campaign issue for all the the major candidates in the upcoming Korean Presidential election. In order to tackle the fine dust problem, many ideas are being discussed.  Today, it was reported that the Korean government may change its current regulations for LPG cars in Korea. The Korean government plans to announce new…

Increased Use of LPG Cars in Korea: Could Reduce Fine Dust

<ul><li><a href="https://www.smartkarma.com/entities/11668" target="_blank" data-smartkarma-citation="entities:11668:1">E1 Corp (017940 KS)</a> has been a forgotten value stock that is worth rediscovering. Its market cap is US$340 million, has a high dividend yield of 4.5% (more than double the average of Korean companies), P/B of only 0.3x, and a major catalyst.</li><li>E1 Corp is the second largest company that distributes and sells LPG in Korea with a 22% market share.</li><li>The major catalyst is the change in regulation. Starting January 2017, anyone in Korea can purchase a used LPG car that is more than five years old. Current regulation restricts the use of LPG cars to taxis, rental cars, handicapped, national merit recepients, hybrid, and certain RVs. In addition, the consumers in Korea could purchase the rental LPG cars after five years of use.</li><li>The number of registered LPG vehicles peaked in 2010 at 2.45 million and this figure has been declining every year since then. At end of 2016, there were 2.16 million registered LPG vehicles in Korea. The change in regulation, combined with higher demand for LPG in the petrochemical sector, and greater demand for LPG vs. diesel vehicles are all positive trends that are likely to help E1 Corp in creating greater demand for LPG in Korea over the next several years.</li></ul>

E1 Corp (017940 KS) has been a forgotten value stock that is worth rediscovering. Its market cap is US$340 million, has a high dividend yield of 4.5% (more than double the average of Korean companies), P/B of only 0.3x, and a major catalyst.E1 Corp is the second largest company that distributes and sells LPG in Korea with a 22% market share.The major catalyst is the change in regulation. Starting January 2017, anyone in Korea can purchase a used LPG car that is more than five years old. Current regulation restricts the use of LPG cars to taxis, rental cars, handicapped, national merit recepients, hybrid, and certain RVs. In addition, the consumers in Korea could purchase the rental LPG cars after five years of use.The number of registered LPG vehicles peaked in 2010 at 2.45 million and this figure has been declining every year since then. At end of 2016, there were 2.16 million registered LPG vehicles in Korea. The change in regulation, combined with higher demand for LPG in the petrochemical sector, and greater demand for LPG vs. diesel vehicles are all positive trends that are likely to help E1 Corp in creating greater demand for LPG in Korea over the next several years.

E1 Corp - LPG Distributor (4.5% Dividend Yield + 0.3x P/B + Major Catalyst!) (Part 1)

South Korea

E1 Corp. imports and sells liquefied petroleum gas (LPG). The Company supplies its gas to the domestic market.

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E1 Corp (017940 KS)

Increased Use of LPG Cars in Korea: Could Reduce Fine Dust

Fine dust has become one of the biggest environmental problems facing Korea today. A decade ago, it was not a major problem that it is today. In...

Douglas Kim

E1 Corp - LPG Distributor (4.5% Dividend Yield + 0.3x P/B + Major Catalyst!) (Part 1)

E1 Corp (017940 KS) has been a forgotten value stock that is worth rediscovering. Its market cap is US$340 million, has a high dividend yield of...

Douglas Kim

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