We Increase Our FVE for Naver to KRW 831,000
We have increased our fair value estimate for wide-moat Naver to KRW 831,000 per share from KRW 708,000 after increasing our revenue growth...
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Netmarble Games IPO Part 2 - Business Structure, Sales Breakdown & Valuation
Netmarble Enterprise as a business group is basically a mobile game development/publishing company. It also serves PC games, but PC games account...
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Bitcoin - The View From Lagos
In my research and investing I stress three things: people, structure, and value. I look for companies that are controlled and managed by quality...
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No More Defensive Play, Let's Assess SK Telecom from Business Fundamentals
Remember the last time SK Telecom (017670 KS) (and Korea's two other telcos) took center stage in Korean stock market about 3 years ago? We were...
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Alpha Generation from Share Buybacks in Korea (2017 YTD)
In this report, we have identified 26 stocks in the Korean stock market that have announced share buyback programs so far in 2017. These stocks...
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