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

President Moon Invests in NH-Amundi Victory Korea Fund (필승코리아 펀드)

Thematic (Sector/Industry)

Our model portfolio was down net 0.3% in August (cash was 50% of our model portfolio) outperforming  KOSPI which was down 2.8% in August. The top-performing stocks in our model portfolio in August included <a href="https://www.smartkarma.com/entities/haimarrow-food-service-co-ltd" target="_blank" data-smartkarma-citation="entities:28243:1" rel="noopener">Haimarrow Food Service Co Ltd (220630 KS)</a>and Shinheung SEC. The worst-performing stocks in our model portfolio included Segyung Hitech and <a href="https://www.smartkarma.com/entities/s-fuelcell-co-ltd" target="_blank" data-smartkarma-citation="entities:27423:1" rel="noopener">S-Fuelcell (288620 KS)</a>.The top four reports we wrote in August related to the Korean market were as follows (in terms of views &amp; appreciates):<ul>
<li><a href="https://www.smartkarma.com/insights/south-korea-terminates-gsomia-with-japan" target="_blank" data-smartkarma-citation="insights:31923" rel="noopener">South Korea Terminates GSOMIA with Japan</a> </li>
<li><a href="https://www.smartkarma.com/insights/south-korea-excludes-japan-from-its-whitelist-a-list-of-25-japanese-stocks-impacted-by-conflict" target="_blank" data-smartkarma-citation="insights:31680" rel="noopener">South Korea Excludes Japan from Its Whitelist &amp; A List of 25 Japanese Stocks Impacted by Conflict</a> </li>
<li><a href="https://www.smartkarma.com/insights/the-aftershocks-of-japan-excluding-south-korea-from-its-whitelist-of-preferred-trading-countries" target="_blank" data-smartkarma-citation="insights:31475" rel="noopener">The Aftershocks of Japan Excluding South Korea from Its Whitelist of Preferred Trading Countries</a> </li>
<li><a href="https://www.smartkarma.com/insights/a-downgrade-of-south-korea-s-credit-rating-by-moody-s-and-s-p-this-fall-due-to-conflict-with-japan" target="_blank" data-smartkarma-citation="insights:31556" rel="noopener">A Downgrade of South Korea's Credit Rating by Moody's and S&amp;P This Fall Due to Conflict with Japan?</a> </li>
</ul>The following top 10 events below are the ones that we believe are the most noteworthy that impacted the Korean stock market, economy, &amp; politics in August:<ul>
<li>THE ONGOING POLITICAL CONFLICT BETWEEN JAPAN &amp; SOUTH KOREA (END OF GSOMIA &amp; EXCLUSION OF WHITELIST)</li>
<li>CHO KUK - CAUSING DEEP, NEGATIVE IMPACT ON PRESIDENT MOON</li>
<li>RETRIAL FOR FORMER PRESIDENT PARK AND SAMSUNG'S LEE JAE-YONG</li>
<li>KOLON TISSUEGENE DELISTING</li>
<li>LOTTE REIT IPO PREVIEW</li>
<li>STRONG GROWTH OF 5G SERVICES &amp; LAUNCH OF WAVVE</li>
<li>PRESIDENT MOON INVESTS IN VICTORY KOREA FUND</li>
<li>HYOSUNG GROUP'S PLANS TO INVEST 1 TRILLION WON IN CARBON FIBER</li>
<li>ASIANA AIRLINES M&amp;A</li>
<li>DUZONBIZON DESTROYS SHAREHOLDER VALUE BUYING A PROPERTY</li>
</ul>

Our model portfolio was down net 0.3% in August (cash was 50% of our model portfolio) outperforming  KOSPI which was down 2.8% in August. The top-performing stocks in our model portfolio in August included Haimarrow Food Service Co Ltd (220630 KS)and Shinheung SEC. The worst-performing stocks in our model portfolio included Segyung Hitech and S-Fuelcell (288620 KS).The top four reports we wrote in August related to the Korean market were as follows (in terms of views &amp; appreciates):
South Korea Terminates GSOMIA with Japan 
South Korea Excludes Japan from Its Whitelist &amp; A List of 25 Japanese Stocks Impacted by Conflict 
The Aftershocks of Japan Excluding South Korea from Its Whitelist of Preferred Trading Countries 
A Downgrade of South Korea's Credit Rating by Moody's and S&amp;P This Fall Due to Conflict with Japan? 
The following top 10 events below are the ones that we believe are the most noteworthy that impacted the Korean stock market, economy, &amp; politics in August:
THE ONGOING POLITICAL CONFLICT BETWEEN JAPAN &amp; SOUTH KOREA (END OF GSOMIA &amp; EXCLUSION OF WHITELIST)
CHO KUK - CAUSING DEEP, NEGATIVE IMPACT ON PRESIDENT MOON
RETRIAL FOR FORMER PRESIDENT PARK AND SAMSUNG'S LEE JAE-YONG
KOLON TISSUEGENE DELISTING
LOTTE REIT IPO PREVIEW
STRONG GROWTH OF 5G SERVICES &amp; LAUNCH OF WAVVE
PRESIDENT MOON INVESTS IN VICTORY KOREA FUND
HYOSUNG GROUP'S PLANS TO INVEST 1 TRILLION WON IN CARBON FIBER
ASIANA AIRLINES M&amp;A
DUZONBIZON DESTROYS SHAREHOLDER VALUE BUYING A PROPERTY


Haimarrow Food Service Co Ltd (220630 KS)

Korea Stock Market Monthly Recap #39 (August 2019)