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

Initial Thoughts on the Hyundai Oilbank IPO & NAV Analysis on Hyundai Heavy Industries Holdings

KOSE (Long) Vs. HHI Holdings (Short) Pair Trade on Hyundai Oilbank IPO

Hyundai Heavy Industries - Will EU & Japan Finally Block the Acquisition of DSME?

Korea M&A Spotlight: Saudi Aramco Plans to Buy Up To 19.9% Stake in Hyundai Oilbank

Korea M&A Spotlight: KDB Is Ready to Sell Its Stake in DSME to Hyundai Heavy Industries Holdings

Hyundai Heavy Industries Holdings: A Big Share Buyback & SOTP Valuation Sensitivity Analysis

SK Innovation's Big Share Buyback = Improved "G" In ESG

SK Holdings SoTP Valuation Sensitivity Analysis

Event-Driven

<p>It was reported on <a href="https://www.hankyung.com/economy/article/2020102331011" target="_blank" rel="noopener">Hankyung Daily</a> on 23 October that Hyundai Global Service, which is currently 100% owned by <a href="https://www.smartkarma.com/entities/hyundai-heavy-industries-holdings" target="_blank" data-smartkarma-citation="entities:24075:1" rel="noopener">Hyundai Heavy Industries Holdings (267250 KS), </a>is negotiating with KKR for a potential major investment. </p><p>Hyundai Global Service generated excellent growth in sales and profits in the past three years. The company had sales of 809 billion won (up 95.2% YoY) and an operating profit of 108.5 billion won (up 48.8% YoY) in 2019.</p><div class="content-highlight"><p>All in all, HHIH has been a disappointing stock this year. In fact, most of the major oil &amp; gas, refinery related companies have underperformed this year. However, depending on some key catalysts including the US election in November, improved COVID-19 new cases/deaths figures globally, and the potential completion of a stake sale in Hyundai Global Service could result in investors getting interested in Hyundai Heavy Industries Holdings once again.  </p></div>

It was reported on Hankyung Daily on 23 October that Hyundai Global Service, which is currently 100% owned by Hyundai Heavy Industries Holdings (267250 KS), is negotiating with KKR for a potential major investment. Hyundai Global Service generated excellent growth in sales and profits in the past three years. The company had sales of 809 billion won (up 95.2% YoY) and an operating profit of 108.5 billion won (up 48.8% YoY) in 2019.All in all, HHIH has been a disappointing stock this year. In fact, most of the major oil &amp; gas, refinery related companies have underperformed this year. However, depending on some key catalysts including the US election in November, improved COVID-19 new cases/deaths figures globally, and the potential completion of a stake sale in Hyundai Global Service could result in investors getting interested in Hyundai Heavy Industries Holdings once again.  

Korea M&A Spotlight: Hyundai Global Service Negotiating with KKR for a Potential Major Investment

HD Hyundai

Korea M&A Spotlight: Hyundai Global Service Negotiating with KKR for a Potential Major Investment