Daily BriefsSouth Korea

Daily Brief South Korea: HPSP, Megastudyedu Co, Ltd. and more

In today’s briefing:

  • Market Chats About What Really Went Down with HPSP This Morning
  • Megastudy Education: A Major Shareholder Return Policy in 2024-2026


Market Chats About What Really Went Down with HPSP This Morning

By Sanghyun Park

  • This morning’s HPSP (403870 KS) situation began with Maekyung’s report, indicating Crescendo PE contacted local bankers for the controlling stake sale.
  • The surge in HPSP’s stock price after Maekyung’s report suggests Crescendo PE’s tacit approval, implying their involvement in the news’s emergence.
  • Despite the likely confirmed sale of Crescendo PE’s stake, timing remains uncertain due to disclosure rules. Continued monitoring is vital, considering potential market reactions later.

Megastudy Education: A Major Shareholder Return Policy in 2024-2026

By Douglas Kim

  • On 16 April, Megastudyedu Co, Ltd. (215200 KS) announced a major shareholder return plan, driving up its share price by 14.2% to 60,400 won. 
  • Driven by this attractive shareholder return plan combined with improving fundamentals, we believe that Megastudy Education’s shares could continue to outperform the market in the next several months. 
  • The total shareholder returns including share buybacks/cancellation and dividends are 60% of the company’s non-consolidated net profit from 2024 to 2026.

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