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

TOP TOY IPO: From China To The World — Rapid Growth and Solid Profitability Under MINISO Group

Curator's Cut: The Next Labubu, Crypto Equities & Tracking APAC Buybacks

[Japan Buybacks] - Buybacks Announced 26-30 May 2025 And Company Buyback History

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>Aurora World reported excellent results in 2Q 2025. It had sales of 77.1 billion won (up 26.5% YoY) and operating profit of 8.8 billion won (up 86.7% YoY).</li>
<li>The company's excellent results in 2Q 2025 was driven by the continued strong demand for its character toys (Palm Pals, YooHoo &amp; Friends, and Rolly Pets) in key overseas markets.</li>
<li>If we attach a 10x P/E on estimated net profit of 30.1 billion won, it would suggest a market cap of 301 billion won (2026E) (37% upside from current levels). </li>
</ul>


Aurora World reported excellent results in 2Q 2025. It had sales of 77.1 billion won (up 26.5% YoY) and operating profit of 8.8 billion won (up 86.7% YoY).
The company's excellent results in 2Q 2025 was driven by the continued strong demand for its character toys (Palm Pals, YooHoo &amp; Friends, and Rolly Pets) in key overseas markets.
If we attach a 10x P/E on estimated net profit of 30.1 billion won, it would suggest a market cap of 301 billion won (2026E) (37% upside from current levels). 


Aurora World - Palm Pals and YooHoo or Chairman's Love of Golf?