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

October Semi Revenues Released: Even Farther Above Trend

Equity Bottom-Up

<ul>
<li>Global PMX is an auto parts maker in Taiwan which could be a key beneficiary of a recovery in cars ships shortage. </li>
<li>Volkswagen's CEO Herbert Diess recently mentioned that the worst of the global chip shortage may be in the rear-view mirror.</li>
<li>Our base case valuation of Global PMX is implied price of 250 TWD per share. This represents 39% higher than the current price. </li>
</ul>


Global PMX is an auto parts maker in Taiwan which could be a key beneficiary of a recovery in cars ships shortage. 
Volkswagen's CEO Herbert Diess recently mentioned that the worst of the global chip shortage may be in the rear-view mirror.
Our base case valuation of Global PMX is implied price of 250 TWD per share. This represents 39% higher than the current price. 


Global PMX - A Key Beneficiary in Taiwan of a Recovery in Cars Chips Shortage