Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

This report has two components. First, I discuss about my visit to the newly opened IKEA store in Korea. Second, I analyze the impact of the expansion of IKEA stores on <a href="https://www.smartkarma.com/entities/15584" target="_blank" data-smartkarma-citation="entities:15584:1">Hyundai Livart Co Ltd (079430 KS)</a>. Over this past weekend, I visited the new IKEA superstore in Goyang, Gyeonggi-do, located about thirty minutes northwest of central Seoul. This IKEA store in Goyang opened in October, 2017. IKEA has a great business in Korea and lots of Koreans love to shop at IKEA. The IKEA in Goyang is the…

This report has two components. First, I discuss about my visit to the newly opened IKEA store in Korea. Second, I analyze the impact of the expansion of IKEA stores on Hyundai Livart Co Ltd (079430 KS). Over this past weekend, I visited the new IKEA superstore in Goyang, Gyeonggi-do, located about thirty minutes northwest of central Seoul. This IKEA store in Goyang opened in October, 2017. IKEA has a great business in Korea and lots of Koreans love to shop at IKEA. The IKEA in Goyang is the…

Visit to the Newly Opened IKEA Store in Goyang & "The Catfish Effect"

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

MSCI Emerging Markets Index / Technical Analysis

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018.  Elsewhere, Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness.  Today’s report includes a complete summary of our EM views as well as a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs. MSCI EM), we see these trends continuing well into 2018.  Elsewhere, Russia is on the cusp of a breakout. The Philippines is breaking out. And Korea, a market that broke out earlier this year from a 6-year base, is a buy on weakness.  Today’s report includes a complete summary of our EM views as well as a wide variety of bottom-up recommendations, spanning most sectors and all market capitalizations.

EM Outlook: Bullish, Led by BRIC and Asia

Event-Driven

<a href="https://www.smartkarma.com/entities/15584" target="_blank" data-smartkarma-citation="entities:15584:1">Hyundai Livart Co Ltd (079430 KS)</a> announced today that it will merge with Hyundai H&amp;S. Following this news, Hyundai Livart shares were up 11% to 23,700 won. The following are the major terms of the merger between Hyundai Livart and Hyundai H&amp;S. <ul>
<li>Merger ratio: 1 share of Hyundai Livart for 3.276 shares of Hyundai H&amp;S. </li>
<li>Merger announcement date: September 18th, 2017</li>
<li>Shareholders' meeting to approve/disapprove this merger: November 3rd, 2017</li>
<li>Merger completion date: December 5th, 2017</li>
<li>Date when the newly…</li>
</ul>

Hyundai Livart Co Ltd (079430 KS) announced today that it will merge with Hyundai H&amp;S. Following this news, Hyundai Livart shares were up 11% to 23,700 won. The following are the major terms of the merger between Hyundai Livart and Hyundai H&amp;S. 
Merger ratio: 1 share of Hyundai Livart for 3.276 shares of Hyundai H&amp;S. 
Merger announcement date: September 18th, 2017
Shareholders' meeting to approve/disapprove this merger: November 3rd, 2017
Merger completion date: December 5th, 2017
Date when the newly…


Hyundai Livart Announces a Merger with Hyundai H&S

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

<a href="https://www.smartkarma.com/entities/991" target="_blank" data-smartkarma-citation="entities:991:1">Celltrion Inc (068270 KS)</a> said in a regulatory filing that it will have EGM at 10 AM on Aug 29 to decide whether it will move to KOSPI.<div class="content-highlight">Below is the link of this regulatory filing in DART.<a href="http://dart.fss.or.kr/dsaf001/main.do?rcpNo=20170821900093" target="_blank">http://dart.fss.or.kr/dsaf001/main.do?rcpNo=20170821900093</a></div>Apparently, a majority of Celltrion shareholders will approve KOSPI move. So, it now seems that this is almost a done deal. Of course, KOSPI move itself won't make much difference in terms of short trade volume. But what is important is that there is a very high possibility that Celltrion will be included in KOSPI200.Yes, KOSPI200 inclusion is a big thing. So, any trading opportunity here? Alright, let's find it out.

Celltrion Inc (068270 KS) said in a regulatory filing that it will have EGM at 10 AM on Aug 29 to decide whether it will move to KOSPI.Below is the link of this regulatory filing in DART.http://dart.fss.or.kr/dsaf001/main.do?rcpNo=20170821900093Apparently, a majority of Celltrion shareholders will approve KOSPI move. So, it now seems that this is almost a done deal. Of course, KOSPI move itself won't make much difference in terms of short trade volume. But what is important is that there is a very high possibility that Celltrion will be included in KOSPI200.Yes, KOSPI200 inclusion is a big thing. So, any trading opportunity here? Alright, let's find it out.

More Discussions on Impacts of Celltrion's KOSPI200 Inclusion

We recently visited Pottery Barn, Pottery Barn Kids, and West Elm home furnishing stores in the Hyundai City Mall in Moonjeongdong, located in the southeastern portion of Seoul. Pottery Barn (home furniture and home accessories), Pottery Barn Kids (baby and kids furniture and accessories), and West Elm (budget furniture and home decor products) are parts of the William Sonoma branded stores brought into Korea by<a href="https://www.smartkarma.com/entities/15584" target="_blank" data-smartkarma-citation="entities:15584:1">Hyundai Livart Co Ltd (079430 KS)</a>. The official opening date of these three stores…

We recently visited Pottery Barn, Pottery Barn Kids, and West Elm home furnishing stores in the Hyundai City Mall in Moonjeongdong, located in the southeastern portion of Seoul. Pottery Barn (home furniture and home accessories), Pottery Barn Kids (baby and kids furniture and accessories), and West Elm (budget furniture and home decor products) are parts of the William Sonoma branded stores brought into Korea byHyundai Livart Co Ltd (079430 KS). The official opening date of these three stores…

Visit to Newly Opened Pottery Barn and West Elm in Hyundai City Mall in Seoul

South Korea

Hyundai Livart Co Ltd designs and manufactures furniture.  The Company produces a variety of furniture, such as bed, chair, desk, and closet used in bedroom, living room, and office.

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Hyundai Livart (079430 KS)

Visit to the Newly Opened IKEA Store in Goyang & "The Catfish Effect"

This report has two components. First, I discuss about my visit to the newly opened IKEA store in Korea. Second, I analyze the impact of...

Douglas Kim

EM Outlook: Bullish, Led by BRIC and Asia

Asia and the BRIC segment continue to outperform the broad EM universe. Based on technical breakouts in each of their relative strength trends (vs....

Vermilion Research

Hyundai Livart Announces a Merger with Hyundai H&S

Hyundai Livart Co Ltd (079430 KS) announced today that it will merge with Hyundai H&S. Following this news, Hyundai Livart shares were up 11%...

Douglas Kim

More Discussions on Impacts of Celltrion's KOSPI200 Inclusion

Celltrion Inc (068270 KS) said in a regulatory filing that it will have EGM at 10 AM on Aug 29 to decide whether it will move to KOSPI. Below is...

Sanghyun Park

Visit to Newly Opened Pottery Barn and West Elm in Hyundai City Mall in Seoul

We recently visited Pottery Barn, Pottery Barn Kids, and West Elm home furnishing stores in the Hyundai City Mall in Moonjeongdong, located in the...

Douglas Kim

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