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

Smartkarma North Asia Weekly: Nikkei 225 Index Rebalance, Asia's Hydrogen Economy, Yatsen, & LG Corp

LG Group Announces the Formation of LG NewCo & Split of 4 Companies from LG Corp

Smartkarma North Asia Weekly: Asian Healthcare,JD Health, Evergrande Services, & LG NewCo + SpinOff

Transfer of Rechargeable Batteries Modules & Packs Business from LG Electronics to LG Chem?

LG Synthetic Stub: Both Stub and Swing Trades Would Work at This Point

LG International & LG Hausys To Split from the LG Group

Buffett's Investments in Japanese Trading Companies - Positive Boost to Korean Trading Companies?

Equity Bottom-Up

<div class="content-highlight">
In this insight, we provide an updated SoTP valuation analysis on <a href="https://www.smartkarma.com/entities/lg-corp" target="_blank" data-smartkarma-citation="entities:6653:1" rel="noopener">LG Corp (003550 KS)</a>. We have a positive view of this stock. Our base case valuation analysis suggests an implied price of 120,787 won per share, representing a 60% upside from current levels.
</div>
In addition to its deep discount versus its NAV, there are also 4 key catalysts for the company which are as follows:
<ul>
<li>Potential for higher dividends</li>
<li>IPO of LG Energy Solutions</li>
<li>
Split of LG International and LG Hausys from the LG Group 
</li>
<li> Time to Close to the Gaps With Major Affiliates </li>
</ul>


In this insight, we provide an updated SoTP valuation analysis on LG Corp (003550 KS). We have a positive view of this stock. Our base case valuation analysis suggests an implied price of 120,787 won per share, representing a 60% upside from current levels.

In addition to its deep discount versus its NAV, there are also 4 key catalysts for the company which are as follows:

Potential for higher dividends
IPO of LG Energy Solutions

Split of LG International and LG Hausys from the LG Group 

 Time to Close to the Gaps With Major Affiliates 


LG Corp

LG Corp: Deep Value + 4 Key Catalysts