Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<ul>
<li>Manyo Factory is well known for its functional skin care products made from naural ingredients. Its products have been enjoying excellent sales in Japan and Korea.</li>
<li>Given the company's superior sales growth and operating margins than its peers combined with the large IPO discount, there is likely to be a strong interest in Manyo Factory IPO. </li>
<li>Unlike other major Korean cosmetic companies with poor sales and operating profit in the past three years, Manyo Factory experienced excellent growth of its sales and profits in this period. </li>
</ul>


Manyo Factory is well known for its functional skin care products made from naural ingredients. Its products have been enjoying excellent sales in Japan and Korea.
Given the company's superior sales growth and operating margins than its peers combined with the large IPO discount, there is likely to be a strong interest in Manyo Factory IPO. 
Unlike other major Korean cosmetic companies with poor sales and operating profit in the past three years, Manyo Factory experienced excellent growth of its sales and profits in this period. 


South Korea

Kolmar Korea Holdings Co.,Ltd operates as a holding company. The Company through its subsidiaries, provide cosmetics manufacturing, health food manufacturing, pharmaceuticals development, and other services. Kolmar Korea Holdings offers services in Korea.

Tonymoly Co., Ltd. manufactures, markets, and distributes beauty products.  The Company produces cosmetics, skin care, hair care, and body care products.

Hankook Cosmetics Manufacturing Co Ltd manufactures and sells a variety of cosmetics and toiletries, such as makeup, skin care, body care, and hair care products for menand women.  The Company markets its products under the brand names Calli, Idem, Elesis, Ossion, and Pamess.

Hankook Cosmetics Manufacturing (003350 KS)

NeoPharm Co., Ltd. develops and manufactures skin care goods for dried skin and atopic dermatitis.  The Company's main products include skin cleaning cream, body lotion, and skin care cosmetics.

Able C&C Co., Ltd. develops and manufactures cosmetic products. The Company's products include makeup, skin care, and hair care, and body care.

It's Hanbul Co., Ltd. manufactures and markets personal care items. The Company produces cosmetics, make-up tools, hair & body products, and skin care products.

Bioland Ltd. produces a variety of plant extracts such as mulberry root, ginkgo, portulaca, and ginseng extract to be used in cosmetics.  The Company also uses biotechnology to develop fermented products.

HANKOOK COSMETICS CO., LTD. manufactures and sells a variety of cosmetics. The Company markets its products under the brand names Calli, Idem, Elesis, Ossion, and Pamess.

Cosmax BTI Inc. is a cosmetics manufacturer.  The Company develops and produces a variety of cosmetics for men and women, such as basic and special skin care, makeup, hair care, and other beauty and toilet products.  Cosmax BTI Inc. manufactures its products on original equipment manufacturing (OEM) basis.

Coreana Cosmetics Co., Ltd. manufactures and markets cosmetic products including skin care, make-up care, perfumes, hair and body care products.  The Company retails its products through departments and cosmetic stores.  Coreana Cosmetic's make-up line includes Entia, and Coreana.

COTA CO., LTD. manufactures and sells hair care products.  The Company offers an extensive line of perm, coloring, styling, and treatment products.

Nature's Sunshine Products, Inc. manufactures and distributes nutritional and personal care products.  The Company's products include herbal products, vitamins, homeopathics, oils and lotions, aloe vera gel, herbal shampoo, toothpaste, and skin cleanser.  Nature's Sunshine markets its products in the United States and internationally.

Henan Rebecca Hair Products Co., Ltd. manufactures wigs, fiber hair, and hair pieces used for hair styling, hair extension, and training purposes in beauty salons. The Company exports its products mainly to the United States and Europe.

Henan Rebecca Hair Products Co., (600439 CH)

Shanghai Jiaoda Onlly Co., Ltd. develops, manufactures, and markets biological products, healthcare food, ginseng products, and other nutritional supplements. Through its subsidiaries, the Company also provides advertising, medical, travel, and food services.

YA-MAN LTD. is a manufacturer of home facial equipment, and also sells its facial massager, cosmetics and laundry.

Liuzhou Liangmianzhen Co., Ltd. manufactures and markets oral hygiene products, cleaning products and feminine hygiene products. The company's main products include a variety of toothpaste with ingredients from traditional Chinese medicines. Liuzhou Liangmianzhen uses LMZ brand name.

Liuzhou Liangmianzhen Co, Ltd. (600249 CH)

Golden Throat Holdings Group Company Limited manufactures throat lozenges.  The Company offers its products throughout China.

Perfect Group Corp., Ltd. manufactures oral cleaning care products. The Company produces and sells toothbrushes, flosses, mouthwashes, oral spray, wipes, toothpastes, and other products. Perfect Group markets its products throughout China.

MANDOM CORPORATION manufactures and markets a variety of cosmetic products for men and women.  The Company's products include hair care and skin care cosmetics.

Medifast, Inc. combines physician-supervised weight loss programs with nutritional supplements and multidisciplinary patient education programs.  The Company provides an Internet-based physician and medical practitioner network to consumers.  Medifast also provides a corporate wellness program for large corporations, associations, and their health insurance carriers.

Manyo Co., Ltd. manufactures and distributes naturalism and functional skin care products. The Company produces cleansing, ampoule, essence, and other vegan cosmetics. Manyo markets its products throughout South Korea.

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Manyo (439090 KS)

Manyo Factory IPO Preview

Given the company's superior sales growth and operating margins than its peers combined with the large IPO discount, there is likely to be a strong...

Douglas Kim

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