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

Suprema (236200) - Global Leader in Fingerprint Biometrics Post Spin-Off (Part 1)

Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/22751" target="_blank" data-smartkarma-citation="entities:22751:1">Suprema Inc (236200 KS)</a> (mkt cap of US$155m) reported another solid results (on 16th August) post its spin-off as as separate entity. We continue to have a positive view on the company. In 2Q16, it reported sales of 10.8 billion won in 2Q16, up 15.4% QoQ, operating profit of 2.8 billion won, up 5.6% QoQ, and net profit of 2.9 billion won, up 14.2% QoQ. (We asked the company's management if it could disclose its 2Q15 results for YoY comparison and they told us that it was not available).…

Suprema Inc (236200 KS) (mkt cap of US$155m) reported another solid results (on 16th August) post its spin-off as as separate entity. We continue to have a positive view on the company. In 2Q16, it reported sales of 10.8 billion won in 2Q16, up 15.4% QoQ, operating profit of 2.8 billion won, up 5.6% QoQ, and net profit of 2.9 billion won, up 14.2% QoQ. (We asked the company's management if it could disclose its 2Q15 results for YoY comparison and they told us that it was not available).…

Suprema - Second Solid Quarterly Results Post Spin-Off