Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

On Friday (March 30th), a top Chinese envoy, State Councilor Yang Jiechi, promised that China will reduce retaliation against South Korea due to the THAAD deployment. In particular, Yang Jeichi mentioned three specific measures below which should become more normalized in the coming weeks. <ul><li>
Normalization of Chinese group tours to South Korea - Prior to the Pyeongchang Winter Olympics, the Chinese government allowed group tours to South Korea from only a few specific cities such as Beijing but…</li></ul>

On Friday (March 30th), a top Chinese envoy, State Councilor Yang Jiechi, promised that China will reduce retaliation against South Korea due to the THAAD deployment. In particular, Yang Jeichi mentioned three specific measures below which should become more normalized in the coming weeks. 
Normalization of Chinese group tours to South Korea - Prior to the Pyeongchang Winter Olympics, the Chinese government allowed group tours to South Korea from only a few specific cities such as Beijing but…

China Promises Reduced Retaliation Against South Korea Due to THAAD

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.  Notable themes include:<ul><li>Energy and Materials stocks continue to strengthen, with the exception of Australian names. </li><li>Financial stocks are strengthening, excluding Australian names. </li><li>Regional casino and education stocks are exhibiting uptrends.</li></ul>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.  Notable themes include:Energy and Materials stocks continue to strengthen, with the exception of Australian names. Financial stocks are strengthening, excluding Australian names. Regional casino and education stocks are exhibiting uptrends.See the attached report for a complete list of our recommendations from this list.

Popular Stocks, Attractive and Unattractive Charts

Equity Capital Markets

Aekyung Co. announced its disappointing institutional investors' book building results today. Aekyung Co. IPO price was determined at 29,100 won, which was at the low end of the IPO price range. The institutional investors' demand was relatively low at 24.3 to 1, despite the recent excellent IPO market in Korea. Less than 1% of the total institutional demand carry a lock-up pledge of one month, which is also very low. The company is scheduled to complete the IPO allocation to the local retail…

Aekyung Co. announced its disappointing institutional investors' book building results today. Aekyung Co. IPO price was determined at 29,100 won, which was at the low end of the IPO price range. The institutional investors' demand was relatively low at 24.3 to 1, despite the recent excellent IPO market in Korea. Less than 1% of the total institutional demand carry a lock-up pledge of one month, which is also very low. The company is scheduled to complete the IPO allocation to the local retail…

Aekyung Co. IPO Preview (Part 4): Whimper Bookbuilding Results Confirmed

We would avoid the Aekyung IPO deal, which is expected to start trading on March 23rd. This IPO is likely to be a whimper, and the IPO price range which the bankers have presented are too high, in our view. The current IPO price range is from 29,100 won (low) to 34,100 won (high). In terms of market cap, this would be from 768 billion won (low) to 900 billion won (high). Our one year fair value of the company is 25,500 won, which is even lower than the low-end IPO price (29,100 won). One of the…

We would avoid the Aekyung IPO deal, which is expected to start trading on March 23rd. This IPO is likely to be a whimper, and the IPO price range which the bankers have presented are too high, in our view. The current IPO price range is from 29,100 won (low) to 34,100 won (high). In terms of market cap, this would be from 768 billion won (low) to 900 billion won (high). Our one year fair value of the company is 25,500 won, which is even lower than the low-end IPO price (29,100 won). One of the…

Aekyung Co. IPO Preview (Part 3): Valuation Whimper

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

Best World International / Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/4600" target="_blank" data-smartkarma-citation="entities:4600:1">Best World International Limited (BEST SP)</a> just reported its full FY 2017 with 10% increase in revenue, 4% gross margin contraction due to higher cost of sales, 31.6% increase in operating profit due to lower commissions paid to freelancers and other related sales expenses and a net margin expansion of 7% that results in 60% increase in net profit. Its share price has rallied 23% for the past 10 days. Is that all?<h2>Dissecting </h2>Despite having an origin in Singapore, Best World has always wanted to…

Best World International Limited (BEST SP) just reported its full FY 2017 with 10% increase in revenue, 4% gross margin contraction due to higher cost of sales, 31.6% increase in operating profit due to lower commissions paid to freelancers and other related sales expenses and a net margin expansion of 7% that results in 60% increase in net profit. Its share price has rallied 23% for the past 10 days. Is that all?Dissecting Despite having an origin in Singapore, Best World has always wanted to…

South Korea

LG H&H Co., Ltd. manufactures and distributes cosmetics. The Company produces whoo, o hui, sum 37, basic cosmetics, color cosmetics, and other related products. LG H&H also produces toothpaste, soap, detergents, healthy, personal care, and refreshing products.

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LG H&H (Pref) (051905 KS)

China Promises Reduced Retaliation Against South Korea Due to THAAD

On Friday (March 30th), a top Chinese envoy, State Councilor Yang Jiechi, promised that China will reduce retaliation against South Korea due to...

Douglas Kim

Popular Stocks, Attractive and Unattractive 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

Aekyung Co. IPO Preview (Part 4): Whimper Bookbuilding Results Confirmed

Aekyung Co. announced its disappointing institutional investors' book building results today. Aekyung Co. IPO price was determined at 29,100 won,...

Douglas Kim

Aekyung Co. IPO Preview (Part 3): Valuation Whimper

We would avoid the Aekyung IPO deal, which is expected to start trading on March 23rd. This IPO is likely to be a whimper, and the IPO price range...

Douglas Kim

Best World: Full Throttle 2018

Best World International Limited (BEST SP) just reported its full FY 2017 with 10% increase in revenue, 4% gross margin contraction due to higher...

Henry Soediarko

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