The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Helped by large-scale fundraising in 2021, Company K’s AUM now reaches around W785bn. It should enjoy stable revenue flow in 2022 and continued brisk earnings growth going forward.Fund management fee
SK Bioscience, a company that develops vaccines and produces biopharmaceuticals on a contract basis, has been found to be the best-performing IPO in the world in 2021.According to a report by Bloomberg, SK Bioscience is the top gainer among the initial public offerings that raised more than $1 billi
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. - After a spin-off from SK Telecom (SKT), SK Square resumed trading as a new stock on Nov 29, with a starting price of W82,000. SK Square’s share price tumbled shortly afterwards amid broader sto
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. On Nov 29, SKT and SK Square are to resume trading after completion of the spin-off process. With the differentiated strengths of each company set to shine, respective EV appreciation is anticipa
SK Group acquired a European gene and cell therapy (GCT) contract manufacturing organization (CMO) company in March. Now it is in talks to take over a U.S. company in the same business field.SK Inc., the group’s holding company, announced on Nov. 16 that it was in exclusive talks with the Center for
CJ Group chairman Lee Jae-hyun has unveiled a plan to invest 10 trillion won in four major growth engine areas by 2023 to drive innovation and future growth. It is the first time in 11 years that Lee has come to the forefront and presented his vision.Lee appeared in an in-house broadcast program to
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. Yuhan plans to apply for breakthrough therapy approval for Lazertinib within the year, with the results of its CHRYSALIS-2 clinical trials and entry in the US expected to materialize in 2022. Noting
The Korea Institute of Machinery and Materials (KIMM), an institute under the jurisdiction of the Ministry of Science and ICT, has successfully developed technology for the mass-production of microfluidic chips. These are, in turn, used to uniformly mass-produce lipid nanoparticles such as liposomes
A total of 10 South Korean startups attracted an investment of at least 100 billion won each between January and July this year. For reference, the number stood at four in 2020 as a whole. Half of the 10 startups are aiming to go public abroad.The 10 include Yanolja, IYUNO Media and Riiid, which hav
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. In a recent report on CNBC, it was stated that China will continue to allow Chinese companies to go public in the United States, as long as they meet listing requirements. If insura
The author is an analyst of KB Securities. He can be reached at drlee@kbfg.com. -- Ed. 2Q21 review: Earnings shock due to increases in marketing expense, labor cost— Netmarble reported 2Q21 revenue of KRW577.2bn (+1.2% QoQ, -15.8% YoY) and OP of KRW16.2bn (-70.1% QoQ, -80.2% YoY), missing the market
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Since listing its subsidiaries is not its end-goal but rather a step towards growth, securing funds through IPOs is to increase the Kakao’s platform value and overall EV.Listing of subsidiaries t
SK Inc. will pay an interim dividend of 1,500 won per share, the largest amount since it started to distribute an interim dividend in 2018.The company made the decision in a board meeting on July 21. The total amount of the interim dividend payout is 79.3 billion won, up about 50 percent from 52.8 b
The author is an analyst of Shinhan Investment Corp. He can be reached at mj1224@shinhan.com. -- Ed. 2Q21 OP forecast at KRW173.7bn (+10.2% QoQ)We now expect Kakao to report operating profit of KRW173.7bn (+10.2% QoQ) on sales of KRW1.34tr (+6.8% QoQ) for 2Q21, slightly missing the KRW179.6bn consen
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY and raise TP by 4.2% to KRW12,500 We maintain BUY on Mirae Asset Securities as we lift our TP by 4.2% to KRW12,500. We have revised up 2Q21E consolidated NP (attributable to controlling interests)
SK Telecom announced on June 10 that its board of directors has approved the plan to split the company into SK Telecom (surviving entity) and SKT Investment (new entity, tentatively named) through a horizontal spin-off. The spin-off ratio has been set at 0.6073625 (surviving entity) to 0.3926375 (ne
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Details of planned spin-off announced on Jun 10— SK telecom (SKT) on Jun 10 revealed details of its planned spin-off (mainstay telecom business vs. intermediary holding company), first announced on Apr 1
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. With the NPS having decided to expand ESG investments to 50% of total assets, the size of publicly offered funds focused on ESG stocks in Korea is growing rapidly. The final corporate governanc
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Value of SKT’s non-telecom domains to garner greater attention following planned spin-offSKT’s subsidiaries, including not only SK Hynix but also ADT Caps, 11st, Onestore, WAVVE, and T-Map Mobili
The author is an analyst of KB Securities. He can be reached at drlee@kbfg.com. -- Ed. Maintain BUY; Revise up TP by 4.7% to KRW135,000 We maintain BUY on Kakao as we lift our TP by 4.7% to KRW135,000. While our revenue and OP forecasts have been left largely unchanged, we have revised up 2021E and