Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

<ul>
<li>On 3 July 2023, the Ministry of Commerce of China announced that it will restrict exports of gallium and germanium starting next month.</li>
<li>YMC is one of the key beneficiaries in Korea of China's restriction of gallium exports. YMC makes silicon carbide which can be a substitute material for gallium.</li>
<li>YMC's valuation is relatively cheap. Given that YMC currently has a market cap of 150 billion won, this would represent P/E of 7.3x (using 2022 net profit). </li>
</ul>


On 3 July 2023, the Ministry of Commerce of China announced that it will restrict exports of gallium and germanium starting next month.
YMC is one of the key beneficiaries in Korea of China's restriction of gallium exports. YMC makes silicon carbide which can be a substitute material for gallium.
YMC's valuation is relatively cheap. Given that YMC currently has a market cap of 150 billion won, this would represent P/E of 7.3x (using 2022 net profit). 


Korea Small Cap Gem #22: YMC (Beneficiary of China's Restriction of Gallium Exports)

Korea / Special Situations, Clepsydra Capital

Sanghyun Park

Korea / Special Situations

Equity Capital Markets

<p>KoMiCo provides precision cleaning and special coating services for devices and tools used in several key semiconductor manufacturing processes (cleaning etch device parts, CVDs and sputters). KoMico was founded in 2013 from MiCo (which was established in 1996) by separating precision cleaning and special coating business for devices and tools used in semiconductor manufacturing.</p>

KoMiCo provides precision cleaning and special coating services for devices and tools used in several key semiconductor manufacturing processes (cleaning etch device parts, CVDs and sputters). KoMico was founded in 2013 from MiCo (which was established in 1996) by separating precision cleaning and special coating business for devices and tools used in semiconductor manufacturing.

KoMiCo IPO Summary - Another Small & Beauty & Solid Tech Stock

South Korea

YMC Co., Ltd. manufactures sputtering targets used in the vapor deposition process of flat panel display (FPD) production process.  The Company also produce backing plates used to hold sputtering targets in chambers and other FPD parts.

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Ymc Co Ltd (155650 KS)

Korea Small Cap Gem #22: YMC (Beneficiary of China's Restriction of Gallium Exports)

YMC is one of the key beneficiaries in Korea of China's restriction of gallium exports. YMC makes silicon carbide which can be a substitute...

Douglas Kim

KoMiCo IPO Summary - Another Small & Beauty & Solid Tech Stock

KoMiCo provides precision cleaning and special coating services for devices and tools used in several key semiconductor manufacturing processes...

Sanghyun Park

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