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

Emart: A Turnaround Story With Improvement in Profit Margins

An Update to Our Pair Trade Between Emart & Coupang

Emart: Double Catalysts Of "Open on Sundays" + Focus on Low P/B Stocks

Ebay Korea To Be Sold to Emart Consortium & Why Did Bom Kim Resign as the Director of Coupang Corp?

Emart - A New CEO & Big Restructuring Ahead

Emart & Kurly - Double Down On the Pricing War Against Coupang

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Event-Driven

<ul>
<li>On 25 February, E Mart Inc (139480 KS) announced that it will buy back 1 million shares, representing 3.6% of its outstanding shares. Currently, Emart has 87,464 treasury shares.</li>
<li>We believe Emart's share price is well positioned to continue to outperform the market in the next several months, driven by the large buyback program. </li>
<li>Emart is currently trading at 0.4x P/B (38% lower than the historical valuation multiples). One could argue that Emart is valued at an excessive discount to the historical valuations.</li>
</ul>


On 25 February, E Mart Inc (139480 KS) announced that it will buy back 1 million shares, representing 3.6% of its outstanding shares. Currently, Emart has 87,464 treasury shares.
We believe Emart's share price is well positioned to continue to outperform the market in the next several months, driven by the large buyback program. 
Emart is currently trading at 0.4x P/B (38% lower than the historical valuation multiples). One could argue that Emart is valued at an excessive discount to the historical valuations.


Emart Announces A Major Share Buyback Program