Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Taekwang Industrial and more

In today’s briefing:

  • A Win for Truston Asset Mgmt: Corporate Activism Worked on Taekwang Industrial

A Win for Truston Asset Mgmt: Corporate Activism Worked on Taekwang Industrial

By Douglas Kim

  • This insight provides the details of how a local asset management company called Truston Asset Mgmt has been able to win a corporate activism battle against Taekwang Industrial.
  • Taekwang Industrial has repeatedly been boggled down by numerous corporate governance related issues for more than a couple of decades.
  • The overall result should be a modest positive sentiment on Taekwang Industrial’s shares in the near term which still trades at dirt cheap P/B multiple of 0.2x.

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