Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<ul>
<li>This is our 9th "Annual Edition of the Major Korean IPOs Pipeline Preview" at Smartkarma.</li>
<li>This insight will feature 50 of the biggest potential IPOs in Korea in 2024.</li>
<li>These 50 IPOs in Korea are likely to represent more than 80% of all capital raised through IPOs in Korea next year.</li>
</ul>


This is our 9th "Annual Edition of the Major Korean IPOs Pipeline Preview" at Smartkarma.
This insight will feature 50 of the biggest potential IPOs in Korea in 2024.
These 50 IPOs in Korea are likely to represent more than 80% of all capital raised through IPOs in Korea next year.


Equity Bottom-Up

<ul>
<li>In the past several days, there have been numerous local news about a substantial defense cooperation between Saudi Arabia and South Korea. </li>
<li>This could result in billions of dollars in new military/defense related systems new orders for numerous companies in Korea in the coming decade. </li>
<li>If there are major long-term arms deal between Saudi Arabia and South Korea, it could benefit the top defense companies in Korea including Hanwha Aerospace and Korea Aerospace Industries. </li>
</ul>


In the past several days, there have been numerous local news about a substantial defense cooperation between Saudi Arabia and South Korea. 
This could result in billions of dollars in new military/defense related systems new orders for numerous companies in Korea in the coming decade. 
If there are major long-term arms deal between Saudi Arabia and South Korea, it could benefit the top defense companies in Korea including Hanwha Aerospace and Korea Aerospace Industries. 


A Major Defense Cooperation Between Saudi Arabia and South Korea Likely

<ul>
<li>LIG Nex1 produces a wide range of advanced precision electronic systems, including missile, radars, electronic warfare, avionics, tactical communication systems, fire control systems, and naval combat systems.</li>
<li>LIG Nex1's operating profit has jumped by nearly 10x from 2019 to 2022. However, its share price has not adequately reflected this growth.</li>
<li>The company reached its highest ever order backlog of 12.2 trillion won at the end of 2022. The company is benefiting from increased demand for precision guided weapons worldwide.</li>
</ul>


LIG Nex1 produces a wide range of advanced precision electronic systems, including missile, radars, electronic warfare, avionics, tactical communication systems, fire control systems, and naval combat systems.
LIG Nex1's operating profit has jumped by nearly 10x from 2019 to 2022. However, its share price has not adequately reflected this growth.
The company reached its highest ever order backlog of 12.2 trillion won at the end of 2022. The company is benefiting from increased demand for precision guided weapons worldwide.


LIG Nex1: 10x Increase in Operating Profit from 2019 to 2022 Not Adequately Reflected in Share Price

Event-Driven

<ul>
<li>In this insight, we discuss the five most aggressive corporate activist firms that have been moving the Korean equity market in the past year.</li>
<li>They include Align Partners Capital Management, KCGI, Flashlight Capital Partners, Truston, and LIFE Asset Management.</li>
<li>Share prices of 15 companies that the corporate activist firms have invested in Korea are up on average 9.7% YTD, outperforming KOSPI which is up 7.1% in the same period.</li>
</ul>


In this insight, we discuss the five most aggressive corporate activist firms that have been moving the Korean equity market in the past year.
They include Align Partners Capital Management, KCGI, Flashlight Capital Partners, Truston, and LIFE Asset Management.
Share prices of 15 companies that the corporate activist firms have invested in Korea are up on average 9.7% YTD, outperforming KOSPI which is up 7.1% in the same period.


Five Most Aggressive Corporate Activists Moving the Korean Market: Align, KCGI, FCP, Truston, & LIFE

Korea Aerospace Industries / Equity Bottom-Up

<ul>
<li>On 29 March, Hanwha Asset Management launched the first local stocks-focused, aerospace &amp; UAM (Urban Air Mobility) themed ETF named ‘ARIRANG iSelect Aerospace &amp; UAM ETF’.</li>
<li>The share prices of the 18 stocks included in this ETF are up on average 6% YTD, outperforming KOSPI which is down 7.8% in the same period.</li>
<li>As of 30 March, iSelect Aerospace &amp; UAM ETF had a market cap of 10.1 billion won which is likely to increase much higher in the coming months. </li>
</ul>


On 29 March, Hanwha Asset Management launched the first local stocks-focused, aerospace &amp; UAM (Urban Air Mobility) themed ETF named ‘ARIRANG iSelect Aerospace &amp; UAM ETF’.
The share prices of the 18 stocks included in this ETF are up on average 6% YTD, outperforming KOSPI which is down 7.8% in the same period.
As of 30 March, iSelect Aerospace &amp; UAM ETF had a market cap of 10.1 billion won which is likely to increase much higher in the coming months. 


First Local Aerospace & UAM (Urban Air Mobility) ETF in Korea

South Korea

LIG Nex1 Co., Ltd. manufactures military and defense weapon systems.  The Company develops missiles, radio equipment, torpedoes, radar equipment, and other defense products.  LIG Nex1 produces weapons for the global defense industry and operates throughout South Korea.

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LIG Nex1 Co (079550 KS)

2024 Major IPOs Pipeline in Korea

This insight will feature 50 of the biggest potential IPOs in Korea in 2024. This is our 9th "Annual Edition of the Major Korean IPOs Pipeline...

Douglas Kim

A Major Defense Cooperation Between Saudi Arabia and South Korea Likely

There is likely to be a major arms deal between Saudi Arabia and South Korea, which could benefit the top defense companies in Korea including...

Douglas Kim

Five Most Aggressive Corporate Activists Moving the Korean Market: Align, KCGI, FCP, Truston, & LIFE

In this insight, we discuss the five most aggressive corporate activist firms that have been moving the Korean equity market in the past year.

Douglas Kim

First Local Aerospace & UAM (Urban Air Mobility) ETF in Korea

On 29 March, Hanwha Asset Management launched the first local stocks-focused, aerospace & UAM (Urban Air Mobility) themed ETF named ‘ARIRANG...

Douglas Kim

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52-week Range

Market Cap (USDm)

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