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

FSS Provides Further Details of Korean Companies That Plan to Change Dividend Payout System in 2024

Foreign Investors Allowed to Begin Buying Korean Stocks Without Prior Authorization on 14 December

HD Hyundai: NAV Boost From Record Results At Hyundai Oilbank + High Dividend Yield

Initial Thoughts on the Hyundai Oilbank IPO & NAV Analysis on Hyundai Heavy Industries Holdings

Initial Thoughts on the HD Hyundai Global Service IPO in 2024 - Impact on HD Hyundai

Hyundai Heavy Industries IPO Valuation Analysis

Equity Bottom-Up

<ul>
<li>On 10 November, it was announced that Ki-Sun Chung was promoted to Vice Chairman which could signal more positive news flow on HD Hyundai in the coming months.</li>
<li>The consensus expects DPS of 4,200 won for HD Hyundai in 2023, which suggests a dividend yield of 7.1%. HD Hyundai has one of the highest dividend yields in KOSPI200.</li>
<li>According to our NAV analysis, it suggests a base case valuation of 71,970 won per share for HD Hyundai, representing a 22% upside from current levels.</li>
</ul>


On 10 November, it was announced that Ki-Sun Chung was promoted to Vice Chairman which could signal more positive news flow on HD Hyundai in the coming months.
The consensus expects DPS of 4,200 won for HD Hyundai in 2023, which suggests a dividend yield of 7.1%. HD Hyundai has one of the highest dividend yields in KOSPI200.
According to our NAV analysis, it suggests a base case valuation of 71,970 won per share for HD Hyundai, representing a 22% upside from current levels.


HD Korea Shipbuilding & Offshore Engineering (009540 KS)

HD Korea Shipbuilding & Offshore Engineering

HD Hyundai

Asian Dividend Gems: HD Hyundai