Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

I investigate special situations, pairs, and index rebalancing trades in Korea.

Korea / Special Sits, Pairs, Index Rebalancing

Kakao Update: What You Have to Do with Kakao Driver

Resurgence of Daum's Mobile App - Fueling Rally in Kakao

Kakao (035720): Planning Unconventional Credit Card Business But Need to Be Careful

Equity Bottom-Up

<p>On a consolidated basis, Kakao’s 1Q16 financials are expected to fall short of the market consensus. Its 1Q16 sales are expected to be slightly lower than the previous quarter. Moreover, Kakao seems to be still struggling to generate decent profits. Its OPM for 1Q16 is expected to be around 7.5 percent. Obviously, the first quarter is typically a slow season. But more importantly, Kakao is still spending a substantial amount of money on marketing and promotional activities for its ambitious new…</p>

On a consolidated basis, Kakao’s 1Q16 financials are expected to fall short of the market consensus. Its 1Q16 sales are expected to be slightly lower than the previous quarter. Moreover, Kakao seems to be still struggling to generate decent profits. Its OPM for 1Q16 is expected to be around 7.5 percent. Obviously, the first quarter is typically a slow season. But more importantly, Kakao is still spending a substantial amount of money on marketing and promotional activities for its ambitious new…

Kakao's Chauffeur Service Can Easily Double Its Current Operating Income, but Some Concerns Linger

Kakao Corp

Kakao's Chauffeur Service Can Easily Double Its Current Operating Income, but Some Concerns Linger