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 Chem – Holdco Discount Narrowed Like a Charm… Time to Exit

LG Energy IPO – What to Watch Leading Into Listing Day

LG Chem: Still Cheap After LG Energy's Big Debut

LG Energy Solution - What Are the Locals Saying About This IPO?

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

LG Energy Solution IPO: Industry Analysis, Competitive Advantages, & Key Risk Factors

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

Equity Bottom-Up

<ul>
<li>Why has LG Chem's share price fallen so much in the past two months and why is this falling trend likely to be near its end? </li>
<li>With the IPO bookbuilding of LG Energy Solution only a week away, many investors are placing a greater positive emphasis on the potential value of LG Energy Solution.</li>
<li>Our base case NAV analysis of LG Chem is 744,246 won, which is 20.4% higher than the current price. We assume 424,093 won for LG Energy Solution target price. </li>
</ul>


Why has LG Chem's share price fallen so much in the past two months and why is this falling trend likely to be near its end? 
With the IPO bookbuilding of LG Energy Solution only a week away, many investors are placing a greater positive emphasis on the potential value of LG Energy Solution.
Our base case NAV analysis of LG Chem is 744,246 won, which is 20.4% higher than the current price. We assume 424,093 won for LG Energy Solution target price. 


NAV Analysis of LG Chem Suggests Excessive Selling Overdone

LG Chem Ltd

NAV Analysis of LG Chem Suggests Excessive Selling Overdone