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

Nexon Sale: Sort Out Recent Reports from Local Sources on Key Issues

Korea M&A Spotlight: SK Hynix to Acquire Magnachip's Foundry Business?

Korean Air Lines Pref: Time to Take Profits (Up 95% YTD)

Thematic (Sector/Industry)

The top 10 events impacting the Korean stock market, economy, &amp; politics in April were as follows:<ul>
<li>TERRIBLE GDP IN 1Q19 </li>
<li>SAMSUNG ELECTRONICS' 133 TRILLION WON INVESTMENT IN NON-MEMORY, FOUNDRY BUSINESS</li>
<li>FAST TRACK OF REFORM BILLS (KOREAN NATIONAL ASSEMBLY) </li>
<li>LG ELECTRONICS CLOSING THE SMARTPHONE OPERATIONS IN KOREA</li>
<li>SK HYNIX INTERESTED IN ACQUIRING MAGNACHIP'S FOUNDRY BUSINESS</li>
<li>ONGOING NEXON M&amp;A DEAL</li>
<li>HANJIN KAL, KOREAN AIR, &amp; KCGI</li>
<li>ASIANA AIRLINES M&amp;A DEAL</li>
<li>KOGAS PLANS TO INVEST 4.7 TRILLION WON IN HYDROGEN INDUSTRY </li>
</ul><hr>The top three reports we wrote in April related to the Korean market were as follows (in terms of views &amp; appreciates): <ul>
<li><a href="https://www.smartkarma.com/insights/korea-m-a-spotlight-sk-hynix-to-acquire-magnachip-s-foundry-business" target="_blank" data-smartkarma-citation="insights:29332">Korea M&amp;A Spotlight: SK Hynix to Acquire Magnachip's Foundry Business?</a></li>
<li><a href="https://www.smartkarma.com/insights/korean-air-lines-pref-time-to-take-profits-up-95-ytd" target="_blank" data-smartkarma-citation="insights:29287">Korean Air Lines Pref: Time to Take Profits (Up 95% YTD)</a></li>
<li><a href="https://www.smartkarma.com/insights/cafe24-a-compelling-e-commerce-growth-story-at-attractive-prices" target="_blank" data-smartkarma-citation="insights:29396">Cafe24: A Compelling E-Commerce Growth Story at Attractive Prices</a></li>
</ul>Our model portfolio was up net 3.8% in April (cash is 35% of model portfolio), outperforming KOSPI which was up 2.9% in April. Our model portfolio is equal-weighted at the beginning of each month. The top performing stocks in our model portfolio in April included Korean Air Line Pref, Sindoh, and NCsoft.

The top 10 events impacting the Korean stock market, economy, &amp; politics in April were as follows:
TERRIBLE GDP IN 1Q19 
SAMSUNG ELECTRONICS' 133 TRILLION WON INVESTMENT IN NON-MEMORY, FOUNDRY BUSINESS
FAST TRACK OF REFORM BILLS (KOREAN NATIONAL ASSEMBLY) 
LG ELECTRONICS CLOSING THE SMARTPHONE OPERATIONS IN KOREA
SK HYNIX INTERESTED IN ACQUIRING MAGNACHIP'S FOUNDRY BUSINESS
ONGOING NEXON M&amp;A DEAL
HANJIN KAL, KOREAN AIR, &amp; KCGI
ASIANA AIRLINES M&amp;A DEAL
KOGAS PLANS TO INVEST 4.7 TRILLION WON IN HYDROGEN INDUSTRY 
The top three reports we wrote in April related to the Korean market were as follows (in terms of views &amp; appreciates): 
Korea M&amp;A Spotlight: SK Hynix to Acquire Magnachip's Foundry Business?
Korean Air Lines Pref: Time to Take Profits (Up 95% YTD)
Cafe24: A Compelling E-Commerce Growth Story at Attractive Prices
Our model portfolio was up net 3.8% in April (cash is 35% of model portfolio), outperforming KOSPI which was up 2.9% in April. Our model portfolio is equal-weighted at the beginning of each month. The top performing stocks in our model portfolio in April included Korean Air Line Pref, Sindoh, and NCsoft. 

Korea Stock Market Monthly Recap #35 (April 2019)