Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Choheung - Benefiting from 10x Growth of Frozen Pizzas in Korea in Two Years

Innovative Foods = Portfolio Outperformance

Equity Bottom-Up

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<strong><a href="https://www.smartkarma.com/entities/7999" target="_blank" data-smartkarma-citation="entities:7999:1">Choheung Corp (002600 KS)</a> reported a breakout results for 1Q17</strong> this afternoon and the stock surged 20% today. It reported sales of 40.3 billion won (up 36% YoY), operating profit of 5.6 billion won (up 63% YoY), and net profit of 5.1 billion won (up 76% YoY). Its market cap rose to 171 billion won (US$153 million). In 1Q17, it had positive operating cash flow of 6.0 billion won and positive free cash flow of 3.1 billion won versus  negative operating cash flow of 5.5 billion won negative free…</li></ul>


Choheung Corp (002600 KS) reported a breakout results for 1Q17 this afternoon and the stock surged 20% today. It reported sales of 40.3 billion won (up 36% YoY), operating profit of 5.6 billion won (up 63% YoY), and net profit of 5.1 billion won (up 76% YoY). Its market cap rose to 171 billion won (US$153 million). In 1Q17, it had positive operating cash flow of 6.0 billion won and positive free cash flow of 3.1 billion won versus  negative operating cash flow of 5.5 billion won negative free…

Choheung - A Breakout Quarter Driven by Surging Frozen Pizza Sales