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

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Event-Driven

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After the market close today, <a href="https://www.smartkarma.com/entities/lg-international-corp" target="_blank" data-smartkarma-citation="entities:3281:1" rel="noopener">Lg International (001120 KS) </a>announced that it will buy back 100 billion won worth of its shares, representing nearly 28% of its shares outstanding. 
LG International's share price is down 40% YTD and the senior management believes that its share price is excessively undervalued right now and this is a key reason for the share buyback. 
Given the very high share buyback, we think that the stock could recoup most of its losses this year. LG International's share price was trading in the 15,000 won in late 2019 and we think it is very possible for the share price to shoot up to this level next week. 
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After the market close today, Lg International (001120 KS) announced that it will buy back 100 billion won worth of its shares, representing nearly 28% of its shares outstanding. 
LG International's share price is down 40% YTD and the senior management believes that its share price is excessively undervalued right now and this is a key reason for the share buyback. 
Given the very high share buyback, we think that the stock could recoup most of its losses this year. LG International's share price was trading in the 15,000 won in late 2019 and we think it is very possible for the share price to shoot up to this level next week. 


LG International - Announces Share Buyback of Nearly 28% of Market Cap

LX International

LG International - Announces Share Buyback of Nearly 28% of Market Cap