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

Insiders Related Daisy Partners Sells About 270 Billion Won of Ecopro Co and Ecopro BM

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Ecopro BM: Announces It Will Switch Listing from KOSDAQ to KOSPI

Overhang Concerns from Remaining Irum TNC Exchangeable Bonds Conversion on Ecopro BM Shares

Insiders Selling at Ecopro BM and Kum Yang

Potential Inclusions & Exclusions for KOSPI 200 and KOSDAQ 150 in May 2023 Highlighted by Locals

Event-Driven

<ul>
<li>On 26 October, it was announced that Ecopro Innovation is selling 160k shares of Ecopro BM shares (0.2% of outstanding shares), representing about 32 billion won.</li>
<li>Although the percentage of shares is small relative to its outstanding shares, this additional selling is likely to further negatively impact Ecopro BM's shares in the near term.</li>
<li>Ecopro BM's shares have seen a significant drop in price over the past few months, but its current P/E (87.3x in 2023) and EV/EBITDA (46.9x in 2023) multiples remain unattractive.</li>
</ul>


On 26 October, it was announced that Ecopro Innovation is selling 160k shares of Ecopro BM shares (0.2% of outstanding shares), representing about 32 billion won.
Although the percentage of shares is small relative to its outstanding shares, this additional selling is likely to further negatively impact Ecopro BM's shares in the near term.
Ecopro BM's shares have seen a significant drop in price over the past few months, but its current P/E (87.3x in 2023) and EV/EBITDA (46.9x in 2023) multiples remain unattractive.


Ecopro Innovation Is Selling Ecopro BM Shares