Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Thoughts on Amazon –What Does Its Valuation Tells Us?

Netflix & Amazon Expand in Korea – Not a Coincidence

Okja: The Fight Between Netflix Vs. CJ CGV

Equity Bottom-Up

<ul>
<li>In this report, we compare the recent dynamic foreign tourists trend to Korea and Japan. In January 2019, the number of <a href="https://www.japantimes.co.jp/news/2019/02/20/national/number-foreign-visitors-japan-rises-7-5-2-69-million-january/#.XG4GyqIzbIV" target="_blank">foreign visitors to Japan</a> rose 7.5% YoY to 2.69 million. A total of 0.78 million from South Korea visited Japan in January (DOWN 3% YoY) followed by 0.75 million people from China (up 19.3% YoY).</li>
<li>According to Korea Ministry of Economy &amp; Finance (MoEF), the number of people from China to Korea increased 35.1% YoY in January 2019.</li>
<li>As evidenced by the better than expected Chinese visitors to Korea and worse than expected South Korean visitors to Japan in January, there is an increasing indication that this trend could continue in 2019. Many of the Korean related cosmetics stocks have positively reacted to the recent data. One of the interesting trades to be long on a basket of Korean cosmetics related stocks and be short on a basket of Japanese cosmetics related names. </li>
</ul>


In this report, we compare the recent dynamic foreign tourists trend to Korea and Japan. In January 2019, the number of foreign visitors to Japan rose 7.5% YoY to 2.69 million. A total of 0.78 million from South Korea visited Japan in January (DOWN 3% YoY) followed by 0.75 million people from China (up 19.3% YoY).
According to Korea Ministry of Economy &amp; Finance (MoEF), the number of people from China to Korea increased 35.1% YoY in January 2019.
As evidenced by the better than expected Chinese visitors to Korea and worse than expected South Korean visitors to Japan in January, there is an increasing indication that this trend could continue in 2019. Many of the Korean related cosmetics stocks have positively reacted to the recent data. One of the interesting trades to be long on a basket of Korean cosmetics related stocks and be short on a basket of Japanese cosmetics related names. 


A Comparison of Recent Visitors Trend to Korea and Japan

Amorepacific Holdings

A Comparison of Recent Visitors Trend to Korea and Japan