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

Gap Trade Opportunities in Korean Prefs Vs Common Share Pairs in 3Q 2025

Gap Trade Opportunities in Korean Prefs Vs Common Share Pairs in 2Q 2025

Lee Jae-Myung's Campaign Pledge - Cancellation of Treasury Shares

NAV Valuations of Top Five Largest "Pure" Holdcos in Korea

Biggest One Day Move in Higher Share Performance YTD in 2025 for Major Korean Holdcos Today - Why?

HD Hyundai: Will It Increase Ownership Stake In HD Korea Shipbuilding & Offshore Engineering?

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>In this insight, we discuss the preferred shares of five major holding companies and how the share price gap relative to their common counterparts could decrease. </li>
<li>There is a relatively easy way to improve shareholder value of these holding companies which is to cancel the entire preferred shares that trade at discount to their common counterparts.</li>
<li>The common shares of these five companies have experienced an average share price appreciation of 33.2% YTD versus 28.7% appreciation for their preferred shares counterparts.</li>
</ul>


In this insight, we discuss the preferred shares of five major holding companies and how the share price gap relative to their common counterparts could decrease. 
There is a relatively easy way to improve shareholder value of these holding companies which is to cancel the entire preferred shares that trade at discount to their common counterparts.
The common shares of these five companies have experienced an average share price appreciation of 33.2% YTD versus 28.7% appreciation for their preferred shares counterparts.


Preferred Shares of Five Major Korean Holdcos - Likely to Close the Gap Further With Common Shares

SK Inc

Preferred Shares of Five Major Korean Holdcos - Likely to Close the Gap Further With Common Shares