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

Goodai Global (Unlisted) - The Most Aggressive M&A Player in the Korean Cosmetics Industry

Hoban Construction Acquires a 17.4% Stake in HanjinKal

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>There are three major reasons why we would take profits on APR (278470 KS) at current levels. </li>
<li>They include lofty valuations, increased competition, and share price decline post large scale dividend payout announcement. </li>
<li>APR could be facing especially tough competition for the beauty device products from Amorepacific, LG H&amp;H, and others especially starting in 4Q 2025. </li>
</ul>


There are three major reasons why we would take profits on APR (278470 KS) at current levels. 
They include lofty valuations, increased competition, and share price decline post large scale dividend payout announcement. 
APR could be facing especially tough competition for the beauty device products from Amorepacific, LG H&amp;H, and others especially starting in 4Q 2025. 


APR: Time To Take Profits (Three Major Reasons)