Summary of HDC Holdco/Opco Demerger
In this piece, I summarized Hyundai Development Co Engg & Cnstn (012630 KS)'s interesting demerger/holdco conversion event. On the surface,...
289 Views
The Week That Was in NorthAsia@Smartkarma: Chiyoda, Rise of JOLED, IFRS 15, & Japan Strategist
Below is the full list of Japan/Korea related reports published last week on Smartkarma. Chiyoda: interesting entry opportunity This Chiyoda...
239 Views
Hyundai Development Co. (HDC) Valuation Analysis: Holdco Conversion & Company Split
Valuation of Hyundai Development Co. Post Company SplitWe have a negative view of Hyundai Development Co Engg & Cnstn (012630 KS). Our...
249 Views
The "Trial of the Century", First 110 Days of Moon Jae-In Presidency, and Waiting for Tofu
This report has two parts. First, it discusses the impact of the "trial of the century" involving the Samsung Group heir Lee Jae-Yong as well as...
300 Views
Daewoo E&C - Downside Risks Ahead (Part 1)
We believe that Daewoo Engineering & Constr (047040 KS) is exposed to further downside risks in the coming months. Despite the company's...
245 Views