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

A Sharp Downturn in Price Momentum of Rechargeable Battery Stocks in Korea in January 2024

Ecopro Materials: Potential Selling by Second Largest Shareholder Post End of Lockup Period in May

KRX's Official SSF/SSO Reshuffle Results: Trading Considerations

LG Energy Solution IPO Valuation Analysis: An Attractive IPO with a 40%+ Upside

LGES: Slowing Sales in Europe & A Turning Point in Momentum for Korean Rechargeable Battery Sector?

LG Energy Solution - The Biggest IPO in 2021 in Korea?

The Blockchain Delusion. A (Mostly) Bearish Investment Thesis.

Equity Bottom-Up

<ul>
<li>LG Energy Solution reported disappointing preliminary earnings in 4Q 2023. The company reported operating profit of 338.2 billion won (43.5% lower than consensus).</li>
<li>Post a major earnings miss for LGES in 4Q 2023, the consensus is likely to reduce earnings estimates of the company in 2024 and 2025.</li>
<li>Major EV players such as Tesla were reducing prices in the past year causing higher pressures on EV battery makers such as LGES to reduce their prices as well. </li>
</ul>


LG Energy Solution reported disappointing preliminary earnings in 4Q 2023. The company reported operating profit of 338.2 billion won (43.5% lower than consensus).
Post a major earnings miss for LGES in 4Q 2023, the consensus is likely to reduce earnings estimates of the company in 2024 and 2025.
Major EV players such as Tesla were reducing prices in the past year causing higher pressures on EV battery makers such as LGES to reduce their prices as well. 


LG Energy Solution: A Big Earnings Miss in 4Q 2023