Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Timing of Acushnet IPO Draws Near - Could Be Re-Rated

Some Chinese Schools Start Formal Golf Lessons

Fila Korea - IPO of Acushnet Is the Tipping Point of Value Realization

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/10699" target="_blank" data-smartkarma-citation="entities:10699">Fila Korea Ltd</a> had poor 1Q16 results. Sales were 168.2 billion won in 1Q16 (down 22% YoY and 25% below consensus). Operating profit was 6.3 billion won in 1Q16, down 77% YoY and 75% below consensus. Net profit was 7.3 billion won (TB YoY, but 78% below consensus). 1Q16 Results came out on 13 May, after market close. Both domestic and overseas units reported weak sales. Domestic unit, which represent 41% of total sales, were down 21% YoY. Overseas unit, which represent 59% of total sales, were…

Fila Korea Ltd had poor 1Q16 results. Sales were 168.2 billion won in 1Q16 (down 22% YoY and 25% below consensus). Operating profit was 6.3 billion won in 1Q16, down 77% YoY and 75% below consensus. Net profit was 7.3 billion won (TB YoY, but 78% below consensus). 1Q16 Results came out on 13 May, after market close. Both domestic and overseas units reported weak sales. Domestic unit, which represent 41% of total sales, were down 21% YoY. Overseas unit, which represent 59% of total sales, were…

Dismal Results in 1Q16; Offset by Acushnet IPO Expectations

Fila Holdings

Dismal Results in 1Q16; Offset by Acushnet IPO Expectations