In today’s briefing:
- Korea Small Cap Gem #24: Sindoh Co [Net Cash More than 220% of Market Cap]
- Samsung SDI (006400KS): Controversy on Battery Fire Impacting Reputation and Financial Performance
Korea Small Cap Gem #24: Sindoh Co [Net Cash More than 220% of Market Cap]
- Sindoh Co Ltd (029530 KS) is the 24th company in our Korea Small Cap Gems series.
- Sindoh has one of the highest net cash/market cap ratios in the entire Korean stock market. Net cash at end of 1Q 2023 was 226% of its market cap.
- Sindoh’s operations turned around in 1Q 2023. It had sales of 105.5 billion won (up 26.6% YoY) and operating profit of 9.8 billion won (turned black) in 1Q 2023.
Samsung SDI (006400KS): Controversy on Battery Fire Impacting Reputation and Financial Performance
- Samsung SDI is currently facing legal challenges in the United States stemming from a scooter fire during charging and a separate incident involving a lithium-ion battery fire.
- These incidents are part of a series of recurring battery fire controversies involving Samsung SDI dating back to 2016.
- Notably, the ESG (Environmental, Social, and Governance) risk level for Samsung SDI has been assessed as ‘High,’ supported by an ESG risk score of 2.7.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
