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

Makus: A Textbook Case Study of How Improving Shareholder Value Leads to Surging Share Price

A Review of Korea Small Cap Gem Series So Far in 2025 and Small Caps as Important Market Indicator

Top 100 Korean Firms with Highest Treasury Shares as % of Market Cap (Tender Offer and M&A Targets)

Telcoware: Tender Offer To Take the Company Private

Top 80 Companies in Korea by Short Interest and Days to Cover (Potential Short Squeeze Candidates)

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>Makus is #34 in our Korea Small Cap Gem series. Its treasury shares as  percentage of outstanding shares is 44%. Net cash as a percent of market cap is 78%.</li>
<li>With greater interest in companies that have a combination of high levels of treasury shares as a percentage of market cap, cheap valuations, and excellent fundamentals, Makus fits the bill.</li>
<li>Makus could be one of the targets for potential tender offers/M&amp;As and likely to outperform the market in the next 1-2 years. </li>
</ul>


Makus is #34 in our Korea Small Cap Gem series. Its treasury shares as  percentage of outstanding shares is 44%. Net cash as a percent of market cap is 78%.
With greater interest in companies that have a combination of high levels of treasury shares as a percentage of market cap, cheap valuations, and excellent fundamentals, Makus fits the bill.
Makus could be one of the targets for potential tender offers/M&amp;As and likely to outperform the market in the next 1-2 years. 


Makus Inc

Korea Small Cap Gem #34: Makus