In today’s briefing:
- Oasis Corporation IPO – Thoughts on Valuation
- Hyundai Motor: Solid Earnings in 4Q 2022 + Shares Cancellation
- EQD | KOSPI2 Index: Buy Calls/Call Spreads into CPI Release – Update
Oasis Corporation IPO – Thoughts on Valuation
- OASIS Corp (370190 KS) is looking to raise up to US$166m in its upcoming Korea IPO.
- Oasis Corporation is an early morning delivery service business that delivers fresh food to consumers. It runs an e-commerce platform named ‘Oasis Market’ as well as offline stores.
- In our previous notes, we looked at the company’s past performance and peer comparison. In this note, we talk about valuations.
Hyundai Motor: Solid Earnings in 4Q 2022 + Shares Cancellation
- Hyundai Motor’s EV sales as a percentage of total sales increased from 4.3% in 4Q 2021 to 5.7% in 4Q 2022.
- Hyundai Motor announced that it will cancel 2.14 million common shares, representing 1% of its outstanding common shares.
- The company beat consensus sales and operating profit estimates in 4Q 2022 and the consensus is likely to revise up their earnings estimates.
EQD | KOSPI2 Index: Buy Calls/Call Spreads into CPI Release – Update
- On Jan 19th we recommended a call and call spread to play upside in the KOSPI2 Index
- Since then the market has rallied 3.75% and has moved through our first strikes
- We look at restructuring the trades to play further momentum
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