Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Capital Markets

<ul><li>The entire value chain for EVs and rechargeable batteries manufacturing will be one of the key themes of the Fourth Industrial Revolution in the coming decade. See our report, <a href="https://www.smartkarma.com/insights/the-fourth-industrial-revolution-a-boom-bust-and-a-boom" target="_blank" data-smartkarma-citation="insights:13037">The Fourth Industrial Revolution: A Boom, Bust, and a Boom</a>.</li><li><strong>There is another interesting small-cap rechargeable batteries equipment manufacturer called Mplus Corp which is expected to complete its IPO in Korea in September. </strong></li><li>Mplus Corp makes various rechargeable batteries production equipment such as notching, stacking, and tab welding systems (see pictures below). Mplus Corp manufactures these types of equipment to customers such as SK Innovation on a turnkey basis. A key competitive advantage of <strong>Mplus Corp</strong> is the fact that it is the domestic leader in providing a wide range of rechargeable batteries related assembly related equipment such as notching, degassing, and stacking systems.  </li><li>MPlus Corp has been experiencing some explosive sales growth in the past three years. Its sales skyrocketed nearly 7x from 3.6 billion won in 2014 to 28.0 billion won in 2016. Its sales were 28.9 billion won in 1H17, which was more than the total sales in 2016. </li></ul>

The entire value chain for EVs and rechargeable batteries manufacturing will be one of the key themes of the Fourth Industrial Revolution in the coming decade. See our report, The Fourth Industrial Revolution: A Boom, Bust, and a Boom.There is another interesting small-cap rechargeable batteries equipment manufacturer called Mplus Corp which is expected to complete its IPO in Korea in September. Mplus Corp makes various rechargeable batteries production equipment such as notching, stacking, and tab welding systems (see pictures below). Mplus Corp manufactures these types of equipment to customers such as SK Innovation on a turnkey basis. A key competitive advantage of Mplus Corp is the fact that it is the domestic leader in providing a wide range of rechargeable batteries related assembly related equipment such as notching, degassing, and stacking systems.  MPlus Corp has been experiencing some explosive sales growth in the past three years. Its sales skyrocketed nearly 7x from 3.6 billion won in 2014 to 28.0 billion won in 2016. Its sales were 28.9 billion won in 1H17, which was more than the total sales in 2016. 

MPlus Corp IPO Preview (Part 1) - Rechargeable Batteries Assembly Equipment Manufacturer

South Korea

Wonik PNE Co., Ltd. manufactures and distributes battery formation system and test equipment. The Company develops and produces inverter, converter, rectifier, charger and discharger, secondary battery equipment, and other related products. Wonik PNE markets its products worldwide.

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Wonik PNE (217820 KS)

MPlus Corp IPO Preview (Part 1) - Rechargeable Batteries Assembly Equipment Manufacturer

The entire value chain for EVs and rechargeable batteries manufacturing will be one of the key themes of the Fourth Industrial Revolution in the...

Douglas Kim

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