In today’s briefing:
- Updated NAV Analysis of Doosan Corp Amid IPO of Doosan Robotics
Updated NAV Analysis of Doosan Corp Amid IPO of Doosan Robotics
- Our updated NAV analysis of Doosan Corp (000150 KS) suggests implied market cap of 3.6 trillion won or target price of 217,392 won which is 47% higher than current price.
- To value Doosan Corp, we have assumed a market value of 2.8 trillion won for Doosan Robotics (454910 KS).
- The sharp increase in share price of Doosan Corp today (up 28%) is likely to have been a reflection of the initial strong demand for Doosan Robotics IPO.
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