bearish

HMM Co., Ltd.

Privatization of HMM: Hapag-Lloyd, Harim, Dongwon, and LX Groups [Short-Listed Bidding Candidates]

623 Views22 Aug 2023 04:30
On 21 August, it was reported that Harim Group, Dongwon Group, LX Group, and Hapag-Lloyd have been short-listed as preliminary bidders for HMM. We continue to have a Negative view of HMM.
Boomeranged on Tue, 19 Sep 2023 23:33
Kim Jae-cheol, the honorary chairman of Dongwon Group, expressed his determination to acquire HMM today, saying, “I think the acquisition of HMM is culmination of a dream.” This is likely to further negatively impact Dongwon Industries (006040 KS) as more investors fear that Dongwon may overpay for HMM. Dongwon Industries' market cap is 1.5 trillion won, vs HMM's market cap of 8.1 trillion won.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 4-minute read)
Discussions
(Paid Plans Only)
chart-bar
x