Daily BriefsSouth Korea

Daily Brief South Korea: Com2us Corp and more

In today’s briefing:

  • Korea Small Cap Gem #29: Com2Us


Korea Small Cap Gem #29: Com2Us

By Douglas Kim

  • Com2Us’s net cash (including long-term financial investments) is 151% of its market cap. It is trading at P/B ratio of only 0.45x. 
  • The company paid out 2,600 won in DPS in FY23. If we assume the same DPS, this would suggest a dividend yield of 6.7% at current price of 38,900 won. 
  • Com2Us is a turnaround story. It had an operating profit of 1.2 billion won in 1Q 2024, improving from an operating loss of 13.3 billion won in 1Q 2023. 

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