In today’s briefing:
- Is Homeplus Debacle a Key Negative Tipping Point for MBK?
- Kakao Corp: Insiders Are Buying and Cancellation of Treasury Shares
- Annual Tire Company Results Show Pace Of Change
Is Homeplus Debacle a Key Negative Tipping Point for MBK?
- In this insight, we discuss how the Homeplus debacle is causing a major negative sentiment on MBK Partners from both the Korean government and the media.
- This negative sentiment has grown so much that it could have a legitimate negative impact in the upcoming proxy vote for the control of Korea Zinc.
- The Korean government has targeted MBK for tax probe. Plus, a coalition of securities firms is expected to file a lawsuit against Homeplus and MBK.
Kakao Corp: Insiders Are Buying and Cancellation of Treasury Shares
- Kakao Corp (035720 KS) has two near-term positive catalysts. First is treasury shares cancellation. Second is insiders buying of its shares.
- These moves suggest the management’s confidence in the company’s outlook ahead of the AGM on 26 March.
- In our view, one of the major reasons why the insiders are buying could be due to Kakao’s collaboration with OpenAI.
Annual Tire Company Results Show Pace Of Change
- The tire majors losing volume
- Smaller tire makers gaining prominence
- Most tire majors saw flat or drop in profits
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