External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<ul><li>Demand Remains Resilient: In Q1FY27, our coverage universe reported pre-sales de-growth of ~40% YoY, amounting to ~Rs 10,300 Cr.</li><li>This was primarily due to the shift of major launches to H2, compared with the previous year’s quarter, which benefited from 2–3 high-value launches.</li><li>We observed sustenance sales traction in Oberoi, Prestige and Arvind, which performed in line with expectations. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Demand Remains Resilient: In Q1FY27, our coverage universe reported pre-sales de-growth of ~40% YoY, amounting to ~Rs 10,300 Cr.This was primarily due to the shift of major launches to H2, compared with the previous year’s quarter, which benefited from 2–3 high-value launches.We observed sustenance sales traction in Oberoi, Prestige and Arvind, which performed in line with expectations. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

High Conviction Ideas:Real Estate, Durable Goods & Hospitality

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/coway-co-ltd" target="_blank" data-smartkarma-citation="entities:3022:1" rel="noopener">Coway Co Ltd (021240 KS)</a> counts around 35% of its revenue from Southeast Asia particularly Malaysia and Thailand, where it recorded high growth, offsetting the mature domestic Korean market. </li>
<li>Due to the current haze season that may last until November, Coway's revenues are supposed to be carried up and its share price may see multiple expansion as well. </li>
<li>At &lt;2x PBV, 11x PER and 8x EV/EBITDA, a defensive stock that is committed to Value Up program, including cancellations of treasury and maintaining dividends, it sounds like a bargin. </li>
</ul>



Coway Co Ltd (021240 KS) counts around 35% of its revenue from Southeast Asia particularly Malaysia and Thailand, where it recorded high growth, offsetting the mature domestic Korean market. 
Due to the current haze season that may last until November, Coway's revenues are supposed to be carried up and its share price may see multiple expansion as well. 
At &lt;2x PBV, 11x PER and 8x EV/EBITDA, a defensive stock that is committed to Value Up program, including cancellations of treasury and maintaining dividends, it sounds like a bargin. 


External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

<ul><li>We believe LG Electronics (LGE) is on a clear profitability recovery trajectory, driven by the easing of cost/tariff risks and product mix improvements.</li><li>Home appliance solutions (HS): A higher share of production in North America is helping to mitigate tariff pressures, while ongoing price adjustments and enhanced operational efficiencies are likely to improve the unit’s margin profile.</li><li>In Korea, the home appliance subscription model is driving qualitative revenue growth by strengthening customer loyalty and supporting relatively high margins.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

We believe LG Electronics (LGE) is on a clear profitability recovery trajectory, driven by the easing of cost/tariff risks and product mix improvements.Home appliance solutions (HS): A higher share of production in North America is helping to mitigate tariff pressures, while ongoing price adjustments and enhanced operational efficiencies are likely to improve the unit’s margin profile.In Korea, the home appliance subscription model is driving qualitative revenue growth by strengthening customer loyalty and supporting relatively high margins.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LG Electronics (066570 KS/Buy)Fundamentals Improving...

<ul><li>Balancing External Risks with Domestic Fundamentals: The Q1FY27 earnings season unfolds against a backdrop of relatively better global conditions, making corporate earnings and management commentary increasingly important for market direction.</li><li>While external uncertainties, including elevated crude oil prices, a relatively weaker Indian rupee, geopolitical developments, and evolving global trade dynamics, remain key monitorable factors.</li><li>Although oil prices have moderated from the peaks seen during recent geopolitical events, they remain vulnerable to supply disruptions, keeping inflationary pressures and input costs elevated. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Balancing External Risks with Domestic Fundamentals: The Q1FY27 earnings season unfolds against a backdrop of relatively better global conditions, making corporate earnings and management commentary increasingly important for market direction.While external uncertainties, including elevated crude oil prices, a relatively weaker Indian rupee, geopolitical developments, and evolving global trade dynamics, remain key monitorable factors.Although oil prices have moderated from the peaks seen during recent geopolitical events, they remain vulnerable to supply disruptions, keeping inflationary pressures and input costs elevated. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>India's $15.2 billion trade deficit with South Korea, triple the 2010 level  is now a formal negotiating flashpoint as CEPA renegotiations restart following PM Modi's April 2026 summit with President.</li>
<li>Korean chaebols executed a legally clean but strategically aggressive playbook: zero-duty imports, record pre-IPO dividends, royalty hikes, and all-OFS listings. India's capital markets funded Seoul's balance sheet.</li>
<li>CEPA 2.0 demands are substantive: local content mandates, services reciprocity, pharma access but translating them into a binding deal before 2026-27 target date requires Govt to match Korean negotiating precision.</li>
</ul>


India's $15.2 billion trade deficit with South Korea, triple the 2010 level  is now a formal negotiating flashpoint as CEPA renegotiations restart following PM Modi's April 2026 summit with President.
Korean chaebols executed a legally clean but strategically aggressive playbook: zero-duty imports, record pre-IPO dividends, royalty hikes, and all-OFS listings. India's capital markets funded Seoul's balance sheet.
CEPA 2.0 demands are substantive: local content mandates, services reciprocity, pharma access but translating them into a binding deal before 2026-27 target date requires Govt to match Korean negotiating precision.


How Korea Turned a Trade Deal Into a Cash Extraction Machine?

South Korea

LG Electronics Inc. manufactures and markets digital display equipment and home appliances. The Company produces and markets flat panel televisions, A/V products, washing machines, air conditioners and refrigerators as well as telecommunications equipment such as smart phones and tablets.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

LG Electronics (066570 KS)

High Conviction Ideas:Real Estate, Durable Goods & Hospitality

This was primarily due to the shift of major launches to H2, compared with the previous year’s quarter, which benefited from 2–3 high-value launches.

Axis Direct

Coway (021240): Haze Beneficiary

Coway is the company in South Korea that sells and rents out air purifier, with a large market in Southeast Asia. With the current haze, it should...

Henry Soediarko