Kakao: SoTP Valuation & Cryptocurrency Exchange Optionality
Our SoTP valuation analysis of Kakao Corp (035720 KS) suggests 12.0 trillion won in implied market cap or 176,622 won per share, which represents...
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Kakao Valuation Study for GDR Bookbuilding
Kakao Corp (035720 KS)'s GDR roadshows began on last Monday (Jan 8). This means it is really time to be serious about Kakao's true valuation and at...
445 Views
Cafe24: Valuation Analysis
Our valuation analysis of Cafe24 (042000 KF) suggests that we would take this IPO deal. Our base one-year target price suggests a price target of...
423 Views
Last Week in Event SPACE – Kakao, Hopewell, Lotte, Hyosung
Last week, cryptocurrency fever undermined the Kakao Corp (035720 KS) GDR arb; Hopewell Holdings Ltd (54 HK) will be cashed up after exiting...
436 Views
China Mobile Ad Opportunity: Overhyped or Underappreciated?
Advertisers continue to search for cost-effective ways to reach users on digital platforms, where they are spending ever more of their time. Not...
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