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

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

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>We have found another gem in the Korean small cap industry. Messe ESANG is #39 in our Korea Small Cap Gem Series.</li>
<li>Messe ESANG (408920 KS) is the number one player in South Korea’s exhibition and convention industry. </li>
<li>The company has a combination of strong sales growth, excellent operating margins, improving ROE, sound balance sheet, and cheap valuations. </li>
</ul>


We have found another gem in the Korean small cap industry. Messe ESANG is #39 in our Korea Small Cap Gem Series.
Messe ESANG (408920 KS) is the number one player in South Korea’s exhibition and convention industry. 
The company has a combination of strong sales growth, excellent operating margins, improving ROE, sound balance sheet, and cheap valuations. 


Messe eSang

Korea Small Cap Gem #39: Messe ESANG