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

Kudos to Those that Participated in LINE IPO - Now What?

Equity Bottom-Up

There were no major negative surprises with <a href="https://www.smartkarma.com/entities/22772" target="_blank" data-smartkarma-citation="entities:22772:1">LINE Corp (3938 JP)</a>'s 2Q16 results. We continue to believe LINE Corp is a solid, long-term Buy. We do not expect any major changes to the analysts' earnings estimates post 2Q16 earnings. We highlight some of the positives and negatives of the 2Q16 results: Positives: <ul><li>
Solid revenue growth driven by advertising - Its revenues grew 35.7% YoY to 38.2 billion Yen in 2Q16. LINE Ads grew at a stellar rate of 86% YoY to 10.2 billion Yen in 2Q16. Advertising…</li></ul>

There were no major negative surprises with LINE Corp (3938 JP)'s 2Q16 results. We continue to believe LINE Corp is a solid, long-term Buy. We do not expect any major changes to the analysts' earnings estimates post 2Q16 earnings. We highlight some of the positives and negatives of the 2Q16 results: Positives: 
Solid revenue growth driven by advertising - Its revenues grew 35.7% YoY to 38.2 billion Yen in 2Q16. LINE Ads grew at a stellar rate of 86% YoY to 10.2 billion Yen in 2Q16. Advertising…

A Holdings

Thoughts on LINE's 2Q16 Results