Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

2024 High Conviction: [KT&G - Likely To Announce Cigarette Price Hikes in 2H24]

A 140% Increase in Share Cancellations by Korean Companies from 2021 to 2023

A First Major Class Action Lawsuit Against KT&G's Directors by FCP + KT&G's Results Analysis in 2023

An Interview with Flashlight Capital Partners CEO Lee Sanghyun on KT&G

KT&G: First Shares Cancellation in 14 Years

Event-Driven

<ul>
<li>KT&amp;G announced a new shareholder return policy worth 2.8 trillion won (including dividend payout of 1.8 trillion won and treasury shares purchase/cancellation of 1.0 trillion won) over next three years.</li>
<li>In addition, the company plans to cancel about 7.5% of the company's existing treasury shares which represents about 142 billion won (1.2% of outstanding shares). </li>
<li>Although this 2.8 trillion won in shareholder return policy is large, the company could have announced even larger shareholder return policy, including cancellation of its entire treasury shares. </li>
</ul>


KT&amp;G announced a new shareholder return policy worth 2.8 trillion won (including dividend payout of 1.8 trillion won and treasury shares purchase/cancellation of 1.0 trillion won) over next three years.
In addition, the company plans to cancel about 7.5% of the company's existing treasury shares which represents about 142 billion won (1.2% of outstanding shares). 
Although this 2.8 trillion won in shareholder return policy is large, the company could have announced even larger shareholder return policy, including cancellation of its entire treasury shares. 


KT&G: A New Shareholder Return Policy Worth 2.8 Trillion Won Over Next 3 Years

KT&G Corporation

KT&G: A New Shareholder Return Policy Worth 2.8 Trillion Won Over Next 3 Years