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

Timing of Double Dividends Opportunities in Korea

44% of Korean Stocks Are Trading Below Book Value - FSC Wants to Improve This (Following Japan)

Korean Government to Announce Specific Measures to Increase Value of Low PBR Stocks in February

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 a pair trade between KOSPI200 and KOSDAQ150. Furthermore, we discuss about the low PBR stocks in KOSDAQ150.</li>
<li>Among 150 stocks in KOSDAQ150, 14 stocks are trading at less than 1x PBR (9% of total).</li>
<li>First trading strategy involves increasing capital allocation to a basket of 9 stocks in KOSDAQ150 with below 1x PBR and higher sales growth YoY in 1Q-3Q 2023.</li>
</ul>


In this insight, we discuss a pair trade between KOSPI200 and KOSDAQ150. Furthermore, we discuss about the low PBR stocks in KOSDAQ150.
Among 150 stocks in KOSDAQ150, 14 stocks are trading at less than 1x PBR (9% of total).
First trading strategy involves increasing capital allocation to a basket of 9 stocks in KOSDAQ150 with below 1x PBR and higher sales growth YoY in 1Q-3Q 2023.


Higher Capital Allocation to Low PBR Companies in KOSDAQ150 + Pair Trade KOSPI200/KOSDAQ150