Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

The Homeplus REIT IPO is surely a key landmark deal in the 20 year history of the Korean REIT market. We have a positive view on the Homeplus REIT IPO and believe it has a good chance of generating 6-9% return per year (including dividends and capital appreciation) in the next three years. The Homeplus REIT is geared towards the investors who are happy with 6-9% annual returns with relatively low downside risk. For the investors that are seeking 10%+ annual returns, this deal is probably not suitable for them. The following are the five major factors why we believe the Homeplus REIT market will be a success: <ul>
<li>Stable dividend yield of 6-7%.</li>
<li>Opportunity to get included in a global REIT index (such as EPRA Developed Asia Index).</li>
<li>Supermarkets related REITs are viewed safer than residential and commercial office building related REITs globally.</li>
<li>Global investors have wanted to invest in a big, liquid, safe retail REIT with stable dividends in Korea for a long time. The Homeplus REIT possesses many of these characteristics. </li>
</ul>

The Homeplus REIT IPO is surely a key landmark deal in the 20 year history of the Korean REIT market. We have a positive view on the Homeplus REIT IPO and believe it has a good chance of generating 6-9% return per year (including dividends and capital appreciation) in the next three years. The Homeplus REIT is geared towards the investors who are happy with 6-9% annual returns with relatively low downside risk. For the investors that are seeking 10%+ annual returns, this deal is probably not suitable for them. The following are the five major factors why we believe the Homeplus REIT market will be a success: 
Stable dividend yield of 6-7%.
Opportunity to get included in a global REIT index (such as EPRA Developed Asia Index).
Supermarkets related REITs are viewed safer than residential and commercial office building related REITs globally.
Global investors have wanted to invest in a big, liquid, safe retail REIT with stable dividends in Korea for a long time. The Homeplus REIT possesses many of these characteristics. 


Homeplus REIT IPO: A Key Landmark Deal in the History of the Korean REIT Market

Thematic (Sector/Industry)

<a href="https://www.smartkarma.com/entities/14560" target="_blank" data-smartkarma-citation="entities:14560">Mirae Asset Securities Co., Ltd.</a>  has emerged as the third major financial consortium to be interested in potentially acquiring <a href="https://www.smartkarma.com/entities/20637" target="_blank" data-smartkarma-citation="entities:20637">Hyundai Securities Co</a>, the fifth largest securities company in Korea. There are other major companies interested in acquiring <a href="https://www.smartkarma.com/entities/20637" target="_blank" data-smartkarma-citation="entities:20637">Hyundai Securities Co</a> including <a href="https://www.smartkarma.com/entities/14839" target="_blank" data-smartkarma-citation="entities:14839">Korea Investment Holdings Co., Ltd.</a> and <a href="https://www.smartkarma.com/entities/718" target="_blank" data-smartkarma-citation="entities:718">Kb Financial Group Inc</a> . With the recent acquisition of <a href="https://www.smartkarma.com/entities/12061" target="_blank" data-smartkarma-citation="entities:12061">Daewoo Securities Co Ltd</a> , <a href="https://www.smartkarma.com/entities/14560" target="_blank" data-smartkarma-citation="entities:14560">Mirae Asset Securities Co., Ltd.</a> has become the largest securities company in Korea. <a href="https://www.smartkarma.com/entities/14560" target="_blank" data-smartkarma-citation="entities:14560">Mirae</a>…

Mirae Asset Securities Co., Ltd.  has emerged as the third major financial consortium to be interested in potentially acquiring Hyundai Securities Co, the fifth largest securities company in Korea. There are other major companies interested in acquiring Hyundai Securities Co including Korea Investment Holdings Co., Ltd. and Kb Financial Group Inc . With the recent acquisition of Daewoo Securities Co Ltd , Mirae Asset Securities Co., Ltd. has become the largest securities company in Korea. Mirae…

Mirae Asset Securities + Hyundai Securities = Genghis Khan of Korea Securities Sector

South Korea

Kwang Hee Development-Oriented Self-Administered Real Estate Investment Trust Inc. is a self-managed real estate investment trust (REIT).  The Company purchases and invests in properties and residential buildings.

Kwang Hee Development Oriented Self Adm (140910 KS)

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Kwang Hee Development Oriented Self Adm (140910 KS)

Homeplus REIT IPO: A Key Landmark Deal in the History of the Korean REIT Market

The Homeplus REIT IPO is surely a key landmark deal in the 20 year history of the Korean REIT market. We have a positive view on the Homeplus REIT...

Douglas Kim

Mirae Asset Securities + Hyundai Securities = Genghis Khan of Korea Securities Sector

Mirae Asset Securities Co., Ltd. has emerged as the third major financial consortium to be interested in potentially acquiring Hyundai Securities...

Douglas Kim

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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