Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: W Scope Corp and more

In today’s briefing:

  • W Scope (6619): Don’t Sell Too Early

W Scope (6619): Don’t Sell Too Early

By Henry Soediarko

  • Revised guidance with 17.6% higher sales that caused a 40% increase in operating profit and an increase in EPS by 344% by 1H 2022.
  • Spin off its Korean subsidiary by this August for up to KRW 900 bn or USD 692 million or almost as big as W Scope Corp (6619 JP)currently. 
  • The company is trading at a 65% PBR discount to its Chinese peers which are bigger but less growth catalysts. Don’t sell too early. 

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