Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

Maeil Holdings Co., Ltd. / Equity Bottom-Up

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<a href="https://www.smartkarma.com/entities/6420" target="_blank" data-smartkarma-citation="entities:6420:1">Maeil Dairy Industry (005990 KS)</a> posted another solid financial results in 2Q16. It generated sales of 407.1 billion won (up 9.6% YoY), operating profit of 8.3 billion won (up 130.6% YoY), and net profit of 2 billion won (down 2.5% YoY). The company's operating profit was 13.5% below consensus in 2Q16, which was mainly due to higher losses of the baby/children apparel products (<a href="https://www.smartkarma.com/entities/17359" target="_blank" data-smartkarma-citation="entities:17359:1">Zero To Seven Inc (159580 KS)</a>  affiliate). </li>
<li>Maeil Dairy Industry's shares are down 26% from its recent highs in March…</li>
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Maeil Dairy Industry (005990 KS) posted another solid financial results in 2Q16. It generated sales of 407.1 billion won (up 9.6% YoY), operating profit of 8.3 billion won (up 130.6% YoY), and net profit of 2 billion won (down 2.5% YoY). The company's operating profit was 13.5% below consensus in 2Q16, which was mainly due to higher losses of the baby/children apparel products (Zero To Seven Inc (159580 KS)  affiliate). 
Maeil Dairy Industry's shares are down 26% from its recent highs in March…


Another Solid Quarterly Results Boosted by Domestic Dairy Business

<a href="https://www.smartkarma.com/entities/6420" target="_blank" data-smartkarma-citation="entities:6420">Maeil Dairy Industry</a> reported a mixed results in 1Q16. It reported sales of 393.2 billion won (up 6.1% YoY and 0.8% higher than consensus) in 1Q16. Its operating profit was 8.8 billion won (up 120.3% YoY but 9.4% below consensus) in 1Q16. Net profit was up 95.8% YoY and in line with consensus. Its strong growth in operating profit was driven by its baby formula, milk, and coffee businesses. Post its 1Q16 results, we do not expect any material changes to the consensus earnings estimates for 2016…

Maeil Dairy Industry reported a mixed results in 1Q16. It reported sales of 393.2 billion won (up 6.1% YoY and 0.8% higher than consensus) in 1Q16. Its operating profit was 8.8 billion won (up 120.3% YoY but 9.4% below consensus) in 1Q16. Net profit was up 95.8% YoY and in line with consensus. Its strong growth in operating profit was driven by its baby formula, milk, and coffee businesses. Post its 1Q16 results, we do not expect any material changes to the consensus earnings estimates for 2016…

Operating Profit Up 120% YoY in 1Q16 Bolstered by Its Coffee Business

South Korea

Zero To Seven Inc. operates an online retail store for baby and children's products. The Company offers baby clothing, diapers, toys, baby food, furniture, books, cosmetics, bedding, and other related products.

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Zero To Seven (159580 KS)

Another Solid Quarterly Results Boosted by Domestic Dairy Business

Maeil Dairy Industry (005990 KS) posted another solid financial results in 2Q16. It generated sales of 407.1 billion won (up 9.6% YoY), operating...

Douglas Kim

Operating Profit Up 120% YoY in 1Q16 Bolstered by Its Coffee Business

Maeil Dairy Industry reported a mixed results in 1Q16. It reported sales of 393.2 billion won (up 6.1% YoY and 0.8% higher than consensus) in 1Q16....

Douglas Kim

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