Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Cross Asset Strategy

<ul>
<li>This insight is a book review of 주식투자절대원칙 (Absolute Principles of Stock Investment), which was written by a famous Korean retail investor called Park Young-Ok.</li>
<li>Park tries to capture his 30+ years of investing wisdom. I thought this book was excellent, especially because Park included a lot of local flavor of his mindset in investing. </li>
<li>This insight provides 11 major highlights of the book 'Absolute Principles of Stock Investment.'</li>
</ul>


This insight is a book review of 주식투자절대원칙 (Absolute Principles of Stock Investment), which was written by a famous Korean retail investor called Park Young-Ok.
Park tries to capture his 30+ years of investing wisdom. I thought this book was excellent, especially because Park included a lot of local flavor of his mindset in investing. 
This insight provides 11 major highlights of the book 'Absolute Principles of Stock Investment.'


Absolute Principles of Stock Investment (주식투자절대원칙) - A Book Review

Thematic (Sector/Industry)

<ul>
<li>There are three major reasons why we believe Korean casinos are likely to continue to outperform the market this year.</li>
<li>Three main reasons include hedge against rising inflation, Korea and other major countries are opening up for travel, and continued decline in gambling revenues in Macau.</li>
<li>Finally, among the four major Korean casino stocks, we have Positive views on GKL, Paradise, and Kangwon Land. We have Negative view on Lotte Tour Development due to valuation.</li>
</ul>


There are three major reasons why we believe Korean casinos are likely to continue to outperform the market this year.
Three main reasons include hedge against rising inflation, Korea and other major countries are opening up for travel, and continued decline in gambling revenues in Macau.
Finally, among the four major Korean casino stocks, we have Positive views on GKL, Paradise, and Kangwon Land. We have Negative view on Lotte Tour Development due to valuation.


Three Major Reasons Why Korean Casinos Are Likely to Outperform the Market This Year

<ul>
<li>In this insight, we discuss the recent COVID-19 stats including cases, deaths, and recovery/death rates.</li>
<li>In addition, we analyze the easing of travel restrictions among major Asian countries including Australia, India, Japan, Singapore, Thailand, and South Korea. </li>
<li>More countries are treating COVID-19 not as a pandemic but as a serious flu. </li>
</ul>


In this insight, we discuss the recent COVID-19 stats including cases, deaths, and recovery/death rates.
In addition, we analyze the easing of travel restrictions among major Asian countries including Australia, India, Japan, Singapore, Thailand, and South Korea. 
More countries are treating COVID-19 not as a pandemic but as a serious flu. 


A Review of COVID-19 Cases & The Easing of Travel Restrictions in Major Asian Countries

<ul>
<li>In this insight, we discuss the transition from the COVID-19 pandemic to <em>"live with"</em> COVID-19 endemic in Korea and the impact this will have on the reopening plays in Korea.</li>
<li>In many parts of the world in countries such as the U.K. and Denmark, numerous stringent mandates and restrictions related to COVID-19 have been removed.</li>
<li>The pandemic to endemic reopening could increasingly become a world-wide trend including in Korea and the 17 stocks highlighted in this insight could continue to outperform the market. </li>
</ul>


In this insight, we discuss the transition from the COVID-19 pandemic to "live with" COVID-19 endemic in Korea and the impact this will have on the reopening plays in Korea.
In many parts of the world in countries such as the U.K. and Denmark, numerous stringent mandates and restrictions related to COVID-19 have been removed.
The pandemic to endemic reopening could increasingly become a world-wide trend including in Korea and the 17 stocks highlighted in this insight could continue to outperform the market. 


Pandemic to Endemic Reopening Plays in Korea

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of KRX stocks as of Jul 17th. The aggregated short interest was USD15.1bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in TES, ISUPETASYS, PSK, Samsung Electronics, Samsung F&amp;M Insurance.</li>
</ul>


We analyzed the changes in short interest of KRX stocks as of Jul 17th. The aggregated short interest was USD15.1bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in TES, ISUPETASYS, PSK, Samsung Electronics, Samsung F&amp;M Insurance.


KRX Short Interest Weekly (Jul 17th): TES, ISUPETASYS, PSK, Samsung Electronics

South Korea

Paradise Co., Ltd. is a gaming company that operates casino facilities in South Korea and Kenya.  The Company offers games, such as roulette, black jack, baccarat, and big wheel.  Paradise, through its subsidiaries, operates retail and hotel business.

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Paradise Co Ltd (034230 KS)

Absolute Principles of Stock Investment (주식투자절대원칙) - A Book Review

This insight is a book review of 주식투자절대원칙 (Absolute Principles of Stock Investment), which was written by a famous Korean retail investor called...

Douglas Kim

Three Major Reasons Why Korean Casinos Are Likely to Outperform the Market This Year

We discuss three main reasons why we believe Korean casinos are likely to continue to outperform the market this year including a hedge against...

Douglas Kim

A Review of COVID-19 Cases & The Easing of Travel Restrictions in Major Asian Countries

We discuss the recent COVID-19 stats including cases, deaths, and recovery/death rates in major Asian countries. More countries are treating COVID...

Douglas Kim

Pandemic to Endemic Reopening Plays in Korea

The pandemic to endemic reopening could increasingly become a world-wide trend including in Korea and the 17 stocks highlighted in this insight...

Douglas Kim

KRX Short Interest Weekly (Jul 17th): TES, ISUPETASYS, PSK, Samsung Electronics

We analyzed KRX short interest report for the past week and highlighted short interest changes in TES, ISUPETASYS, PSK, Samsung Electronics,...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)