bullish
Douzone Bizon: Deeply Oversold, Ready for a Turnaround
409 Views06 Jun 2023 06:09
SUMMARY
- We believe shares of Douzone Bizon are deeply oversold and ready for a turnaround.
- The company is increasingly buying back shares. Treasury shares as a percentage of total outstanding shares increased from 0% at end of 2021 to 9.3% at end of 1Q 2023.
- Korean government's plans to boost the domestic software industry by spending more than 560 billion won in the software industry is also likely to positively benefit the company this year.
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