Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

<p>Toptec Co Ltd (108230 KS) is a leading factory automation equipment manufacturer in Korea with a market cap of 1.05 trillion won. There is no sell-side coverage on this stock right now. <a href="https://www.smartkarma.com/entities/7332" target="_blank" data-smartkarma-citation="entities:7332:1">Toptec Co Ltd (108230 KS)</a> shares have been on a rollercoaster ride in the past week. On January 15th, there were media accounts that mentioned SK Telecom may be interested in acquiring Toptec. On January 16th, SK Telecom mentioned that it has been reviewing Toptec as a potential M&amp;A candidate. On January 17th, SK…</p>

Toptec Co Ltd (108230 KS) is a leading factory automation equipment manufacturer in Korea with a market cap of 1.05 trillion won. There is no sell-side coverage on this stock right now. Toptec Co Ltd (108230 KS) shares have been on a rollercoaster ride in the past week. On January 15th, there were media accounts that mentioned SK Telecom may be interested in acquiring Toptec. On January 16th, SK Telecom mentioned that it has been reviewing Toptec as a potential M&amp;A candidate. On January 17th, SK…

Toptec: A Leading Factory Automation Equipment Player in Korea

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

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Equity Capital Markets

Sunic System Ltd. / Equity Capital Markets

<p>The most important question for Sunic's IPO bookbuilding that is currently in progress is whether Sunic will receive more orders from LGD for the small-sized OLED panel production lines that will be housed in LGD's P10. Samsung Display won't do business with Sunic any time soon. In addition, those Chinese and Taiwanese display makers are still some years aways from turning to 6GH. Of course, mid capacity equipment is also an important element for Sunic's overall sales performance. But its success with this product segment also highly depends on its success in the large capacity equipment market since this allows Sunic to gain further trust even from mid capacity equipment buyers. So once again, the whole focus of this IPO bookbuilding is whether Sunic can get orders from LGD for P10 and if so how many.</p>

The most important question for Sunic's IPO bookbuilding that is currently in progress is whether Sunic will receive more orders from LGD for the small-sized OLED panel production lines that will be housed in LGD's P10. Samsung Display won't do business with Sunic any time soon. In addition, those Chinese and Taiwanese display makers are still some years aways from turning to 6GH. Of course, mid capacity equipment is also an important element for Sunic's overall sales performance. But its success with this product segment also highly depends on its success in the large capacity equipment market since this allows Sunic to gain further trust even from mid capacity equipment buyers. So once again, the whole focus of this IPO bookbuilding is whether Sunic can get orders from LGD for P10 and if so how many.

Sunic System IPO Part 2 - Key Considerations for Bookbuilding

South Korea

Rorze Systems Corporation manufactures various parts for liquid crystal display (LCD) products, and semiconductor manufacturing equipment.  The Company's main products include LCD cassette station, wafer cassette station, load port, and motors.  Rorze Systems also operates parts retail business, and offers consulting services.

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Rorze Systems (071280 KS)

Toptec: A Leading Factory Automation Equipment Player in Korea

Toptec Co Ltd (108230 KS) is a leading factory automation equipment manufacturer in Korea with a market cap of 1.05 trillion won. There is no...

Douglas Kim

Sunic System IPO Part 2 - Key Considerations for Bookbuilding

The most important question for Sunic's IPO bookbuilding that is currently in progress is whether Sunic will receive more orders from LGD for the...

Sanghyun Park

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52-week Range

Market Cap (USDm)

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