In today’s briefing:
- FSS Puts a Break on Hyundai Motor Securities Rights Offering
- LG CNS Pre-IPO – Post-COVID Beneficiary
- Coupang Inc.: Its Efforts Towards International Expansion & Market Penetration & Other Major Drivers
FSS Puts a Break on Hyundai Motor Securities Rights Offering
- After the market close on 12 December, the Financial Supervisory Service (FSS) put a break on Hyundai Motor Securities’ rights offering worth 200 billion won.
- The proposed rights offering included issuing 30.1 million new shares, representing 95% of its current outstanding shares (31.7 million).
- We would try to capitalize on the short term bullish upside on its shares of Hyundai Motor Securities and sell into strength.
LG CNS Pre-IPO – Post-COVID Beneficiary
- LG CNS (LGCNSZ KS) is looking to raise around US$850m in its upcoming Korea IPO.
- LG CNS is a South Korean information technology company. The firm primarily provides comprehensive digital transformation services and solutions backed AI, big data, and cloud.
- In this note, we look at the firm’s past performance.
Coupang Inc.: Its Efforts Towards International Expansion & Market Penetration & Other Major Drivers
- Chevron Corporation’s third-quarter 2024 financial results demonstrated a mixture of positive operational achievements and financial headwinds.
- The company reported earnings of $4.5 billion or $2.48 per share, with adjusted earnings similarly at $4.5 billion or $2.51 per share.
- Despite these substantial earnings, this marked a decrease from the prior year largely due to lower liquids realizations and increased depreciation, depletion, and amortization (DD&A), particularly at the Tengizchevroil (TCO) project in Kazakhstan.
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