Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

JKL Partners plans to sell 5% of <a href="https://www.smartkarma.com/entities/5279" target="_blank" data-smartkarma-citation="entities:5279:1">Pan Ocean Co Ltd (028670 KS)</a> (40% of their holding) to raise US$150m. JKL first bought a stake in Pan Ocean as a part of the rescue deal for Pan Ocean along with <a href="https://www.smartkarma.com/entities/24064" target="_blank" data-smartkarma-citation="entities:24064:1">Jeil Holdings (003380 KS)</a> in 2015. This would mark the first exit.The deal scores a borderline score on our framework as its strong price and earnings momentum are overshadowed by it's not so stellar track record. However, the deal represents only 7 days of ADV, analyst continue to remain bullish and…

JKL Partners plans to sell 5% of Pan Ocean Co Ltd (028670 KS) (40% of their holding) to raise US$150m. JKL first bought a stake in Pan Ocean as a part of the rescue deal for Pan Ocean along with Jeil Holdings (003380 KS) in 2015. This would mark the first exit.The deal scores a borderline score on our framework as its strong price and earnings momentum are overshadowed by it's not so stellar track record. However, the deal represents only 7 days of ADV, analyst continue to remain bullish and…

Pan Ocean Placement - White Knight Starts to Exit

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

Korea Stock Exchange Kospi Index / Technical Analysis

The two-month pullback in Korea KOSPI has created buying opportunities. In fact, this recent weakness is largely confined to auto and financial stocks, masking strength in other segments, such as tech and materials, where bullish inflections are visible.  In this report we highlight a variety of actionable investment themes.

The two-month pullback in Korea KOSPI has created buying opportunities. In fact, this recent weakness is largely confined to auto and financial stocks, masking strength in other segments, such as tech and materials, where bullish inflections are visible.  In this report we highlight a variety of actionable investment themes.

MSCI Emerging Markets Index / Technical Analysis

Our Emerging Market Screen &amp; Chart Book helps pinpoint leading stocks, weeding out lagging and stagnating trends.  This is performed through a relative strength price screen.  Only stocks trading within 5% of a 26-week relative strength high make the cut. From this list, we scan through each chart and highlight the most favorable set-ups.

Our Emerging Market Screen &amp; Chart Book helps pinpoint leading stocks, weeding out lagging and stagnating trends.  This is performed through a relative strength price screen.  Only stocks trading within 5% of a 26-week relative strength high make the cut. From this list, we scan through each chart and highlight the most favorable set-ups.

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Thematic (Sector/Industry)

As I said in my earlier comment, <a href="https://www.smartkarma.com/entities/22932" target="_blank" data-smartkarma-citation="entities:22932:1">Samsung Biologics Co., Ltd (207940 KS)</a> seems to be benefiting a lot from its inclusion in KOSPI200 index. Perhaps because of this, I am receiving some inquiries about who will be included and excluded in the upcoming reshuffle of KOSPI200 and KOSDAQ150. The decisions were already made and confirmed on May 16, and the changes will be officially made on June 9. But I guess many of us here on Smartkarma community wants a "concise" summary of this reshuffle. So, I…

As I said in my earlier comment, Samsung Biologics Co., Ltd (207940 KS) seems to be benefiting a lot from its inclusion in KOSPI200 index. Perhaps because of this, I am receiving some inquiries about who will be included and excluded in the upcoming reshuffle of KOSPI200 and KOSDAQ150. The decisions were already made and confirmed on May 16, and the changes will be officially made on June 9. But I guess many of us here on Smartkarma community wants a "concise" summary of this reshuffle. So, I…

Summary of KOSPI200 & KOSDAQ150 Upcoming Reshuffle

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

This report is part 2 of the Jeil Holdings IPO. Jeil Holdings is expected to complete its IPO in late June. Jeil Holdings is the Holdco for the biggest chicken producer &amp; dry bulk shipper in Korea.  <ul><li>Expected IPO offer price per share: 20,700 won (low)/ 22,700 won (high)</li><li>Number of Shares for IPO: 20.38 m shares (new shares)</li><li>IPO base deal size: US$377m (low);  US$519m (high)</li></ul>The following is how the bankers determined the IPO price range for Jeil Holdings: First, the value of its public affiliates, private affiliates, and brand value were added and net debt was subtracted, resulting in a value of 2.2 trillion won. After subtracting for holdco discount (20%), this resulted in a value of 1.8 trillion won. On a per share basis, this resulted in value per share of 25,300 won. After subtracting IPO discount rates of 10.3% to 18.2%, this suggested in IPO price range of 20,700 won to 22,700 won.

This report is part 2 of the Jeil Holdings IPO. Jeil Holdings is expected to complete its IPO in late June. Jeil Holdings is the Holdco for the biggest chicken producer &amp; dry bulk shipper in Korea.  Expected IPO offer price per share: 20,700 won (low)/ 22,700 won (high)Number of Shares for IPO: 20.38 m shares (new shares)IPO base deal size: US$377m (low);  US$519m (high)The following is how the bankers determined the IPO price range for Jeil Holdings: First, the value of its public affiliates, private affiliates, and brand value were added and net debt was subtracted, resulting in a value of 2.2 trillion won. After subtracting for holdco discount (20%), this resulted in a value of 1.8 trillion won. On a per share basis, this resulted in value per share of 25,300 won. After subtracting IPO discount rates of 10.3% to 18.2%, this suggested in IPO price range of 20,700 won to 22,700 won.

Jeil Holdings IPO (Part 2): Holdco for the Biggest Chicken Producer & Dry Bulk Shipper in Korea

South Korea

Pan Ocean Co., Ltd. is a Korean shipping company that engages in marine transportation business. The Company provides bulk cargo carrier, pure car and truck carrier, container and tanker services.

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Pan Ocean (028670 KS)

Pan Ocean Placement - White Knight Starts to Exit

JKL Partners plans to sell 5% of Pan Ocean Co Ltd (028670 KS) (40% of their holding) to raise US$150m. JKL first bought a stake in Pan Ocean as a...

Sumeet Singh

Pullback Opportunity in South Korea

The two-month pullback in Korea KOSPI has created buying opportunities. In fact, this recent weakness is largely confined to auto and financial...

Vermilion Research

EM Relative Strength Screen & Chart Book

Our Emerging Market Screen & Chart Book helps pinpoint leading stocks, weeding out lagging and stagnating trends. This is performed through a...

Vermilion Research

Summary of KOSPI200 & KOSDAQ150 Upcoming Reshuffle

As I said in my earlier comment, Samsung Biologics Co., Ltd (207940 KS) seems to be benefiting a lot from its inclusion in KOSPI200 index. Perhaps...

Sanghyun Park

Jeil Holdings IPO (Part 2): Holdco for the Biggest Chicken Producer & Dry Bulk Shipper in Korea

This report is part 2 of the Jeil Holdings IPO. Jeil Holdings is expected to complete its IPO in late June. Jeil Holdings is the Holdco for the...

Douglas Kim

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