Daily BriefsSouth Korea

Daily Brief South Korea: DB Hitek Co., Ltd. and more

In today’s briefing:

  • DB Hitek: KCGI Goes Activist & A Potential Inclusion in MSCI Korea Standard Index in 2023

DB Hitek: KCGI Goes Activist & A Potential Inclusion in MSCI Korea Standard Index in 2023

By Douglas Kim

  • It was announced on 30 March that a local activist firm called KCGI has invested 7.05% stake in DB Hitek, spending 196.4 billion won on buying this amount.
  • KCGI mentioned that DB Hitek’s corporate value is extremely undervalued that the company should cancel its treasury shares and establish independent Board of Directors. 
  • The probability of DB Hitek being included in MSCI Korea Standard could rise materially if its market cap climbs to more than 4 trillion won in the coming weeks.

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars