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

Equity Capital Markets

<ul>
<li>Our base case valuation of Winia Aid is target price of 21,724 won per share, which is 34% higher than the high end of the IPO price range.</li>
<li>Winia Aid had ROE of 29% in 2021 which was much higher than the comps' average of 9.6% in 2021. </li>
<li>The company's core businesses include after sales service and logistics for Winia Group electronics related products and Apple after sales service and support.</li>
</ul>


Our base case valuation of Winia Aid is target price of 21,724 won per share, which is 34% higher than the high end of the IPO price range.
Winia Aid had ROE of 29% in 2021 which was much higher than the comps' average of 9.6% in 2021. 
The company's core businesses include after sales service and logistics for Winia Group electronics related products and Apple after sales service and support.


Winia Aid

Winia Aid IPO Valuation Analysis