Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/gaeasoft" target="_blank" data-smartkarma-citation="entities:12164:1" rel="noopener">Gaeasoft (051160 KS)</a> is a very interesting small cap stock in Korea that is worth further study. Gaeasoft currently has a market cap of 351 billion won. Gaesoft owns a 79.4% in a private company called Oasis Corp ("Oasis Market"), which operates an e-commerce platform for eco-friendly organic food products. In early July, <a href="https://www.kedglobal.com/newsView/ked202107070008" target="_blank" rel="noopener">Oasis Corp</a> received a 50 billion won investment from a private equity firm called Unison Capital, which put the valuation of the company at 750 billion won, up from the valuation of 315 billion won Oasis Corp received in March 2021.</p><div class="content-highlight">
<p><strong>In our view, the value of Oasis Corp is likely to increase to nearly 1.5 trillion won over the next 12 months, doubling in the valuation from July 2021. If Oasis Corp is valued at 1.5 trillion won, a 79.4% stake would be worth 1.2 trillion won, which would be 239% higher than Gaesoft's market cap. </strong></p>
<p>Oasis Corp's major competitors include SSG.com, Kurly, and Coupang. Similar to its competitors, Oasis Corp has experienced strong growth in sales. Unlike its competitors, Oasis Corp is already profitable. </p>
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Gaeasoft (051160 KS) is a very interesting small cap stock in Korea that is worth further study. Gaeasoft currently has a market cap of 351 billion won. Gaesoft owns a 79.4% in a private company called Oasis Corp ("Oasis Market"), which operates an e-commerce platform for eco-friendly organic food products. In early July, Oasis Corp received a 50 billion won investment from a private equity firm called Unison Capital, which put the valuation of the company at 750 billion won, up from the valuation of 315 billion won Oasis Corp received in March 2021.
In our view, the value of Oasis Corp is likely to increase to nearly 1.5 trillion won over the next 12 months, doubling in the valuation from July 2021. If Oasis Corp is valued at 1.5 trillion won, a 79.4% stake would be worth 1.2 trillion won, which would be 239% higher than Gaesoft's market cap. 
Oasis Corp's major competitors include SSG.com, Kurly, and Coupang. Similar to its competitors, Oasis Corp has experienced strong growth in sales. Unlike its competitors, Oasis Corp is already profitable. 


Korea Small Cap Gem #10: Gaeasoft - Its Stake in Oasis May Be At Least 200% Higher Than Its Mkt Cap

South Korea

Gaeasoft designs, develops, produces, and markets mobile Internet solutions, platforms, and services.  The Company also produces Internet geographic information system (GIS) software and provides its products to KT Freetel, LG Telecom, and KTICOM.

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Korea Small Cap Gem #10: Gaeasoft - Its Stake in Oasis May Be At Least 200% Higher Than Its Mkt Cap

Gaeasoft (051160 KS) owns a 79.4% in a private company called Oasis Corp which operates an e-commerce platform for eco-friendly, organic food...

Douglas Kim