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

LG Energy Solution: Trading Strategy on End of ESOP Lockup & Valuation Comparisons

LG Energy Solution IPO Valuation Analysis: An Attractive IPO with a 40%+ Upside

A Pair Trade Between LG Chem & LG Energy Solution

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Equity Bottom-Up

<ul>
<li>On 27 January, LG Energy Solution provided financial and operational guidance for 2023.</li>
<li>We believe that the consensus is likely to reduce sales estimate by 3% and operating profit estimates by 10-15% in 2023.  </li>
<li>Out of the total of 3.4% of ESOP shares, about 0.5% to 1.5% of the shares could be sold in the first few weeks after the end of the lock-up. </li>
</ul>


On 27 January, LG Energy Solution provided financial and operational guidance for 2023.
We believe that the consensus is likely to reduce sales estimate by 3% and operating profit estimates by 10-15% in 2023.  
Out of the total of 3.4% of ESOP shares, about 0.5% to 1.5% of the shares could be sold in the first few weeks after the end of the lock-up. 


LG Energy Solution: Consensus Likely to Lower Sales and OP Estimates in 2023