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

Doosan Robotics (Number One Player in Collaborative Robots in Korea) & NAV Analysis of Doosan Corp

Gap Trades in Korean Prefs Vs Common Share Pairs in 2Q 2023

IPO Price Band Widening, Cornerstone Investors Requirement, & Top 8 IPOs in Korea in 2H 2023

Close the Gap: Korean Pref Vs. Common Shares Post New South Korean President Yoon Suk-Yeol

Gap Trades in Korean Prefs Vs Common Share Pairs in 4Q 2022

Close the Gap: Korean Pref Vs. Common Shares Post Restart of Allowing Short Selling of Stocks

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

Cross Asset Strategy

<ul>
<li>In this insight, we discuss numerous gap trades involving Korean preferred and common shares in 1Q 2023. </li>
<li>The pref/common shares ratio of the 28 companies in this insight declined from 68.9% on 16 July 2022 to 65% on 16 January 2023, which is a short term reversal.</li>
<li>We see some attractive longer-term opportunities for Amorepacific Corp, Doosan Fuel Cell, LG H&amp;H, and LG Chem, which have high discounts for the preferred shares versus their counterpart common shares.</li>
</ul>


In this insight, we discuss numerous gap trades involving Korean preferred and common shares in 1Q 2023. 
The pref/common shares ratio of the 28 companies in this insight declined from 68.9% on 16 July 2022 to 65% on 16 January 2023, which is a short term reversal.
We see some attractive longer-term opportunities for Amorepacific Corp, Doosan Fuel Cell, LG H&amp;H, and LG Chem, which have high discounts for the preferred shares versus their counterpart common shares.


Korea Investment Holdings Co, Ltd. (071050 KS)

Gap Trades in Korean Prefs Vs Common Share Pairs in 1Q 2023