In today’s briefing:
- China’s Export Restrictions on Rare Earth Minerals – Key Impact on Korean Companies
- Lotte Global Logistics IPO – Thoughts on Peer Comp and Valuation
China’s Export Restrictions on Rare Earth Minerals – Key Impact on Korean Companies
- In this insight, we discuss some of the key beneficiaries in Korea that could actually stand to gain from such export restrictions.
- We also discuss other Korean companies that could be negatively impacted by this move by the Chinese government.
- Despite the uncertainties related to China’s export restrictions of rare earths minerals, we do not expect sudden collapse of the entire semiconductor and EVs value-chain in Korea.
Lotte Global Logistics IPO – Thoughts on Peer Comp and Valuation
- Lotte Global Logistics (LGG KS) aims to raise around US$140m in its Korea IPO via selling a mix of primary and secondary shares.
- Lotte Global Logistics is a logistics and shipping company engaged in a comprehensive logistics service business including courier service, land transportation, 3PL, port loading and unloading, and international logistics.
- In our previous note, we looked at the firm’s past performance. In this note, we talk about the IPO valuations.
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