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

SK Chemicals - Announces A Big Improvement in Dividends and Bonus Issue

SK Chemicals Bonus Issue & New Shareholder Return Policy: Background & Impact

KOSPI/KOSDAQ Buybacks in Progress: Those with High Daily Flow Screened

SK Chemicals' Timely Spinoff Announcement Amid Metrica's Activist Move: What to Make of It

Metrica Partners Urges SK Chemicals to Partially Sell SK Bioscience & Pay Higher Dividends

SK Chemicals - Its Market Cap Is Only 19% of Its Stake in SK Bioscience

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Event-Driven

<p>On 13 September, <a href="https://www.smartkarma.com/entities/sk-chemicals-co-ltd-new" target="_blank" data-smartkarma-citation="entities:26190:1" rel="noopener">Sk Chemicals Co Ltd/New (285130 KS)</a> announced after the market close that it will be spinning off its utility business that makes industrial boilers and power generation facilities that produce electricity.</p><div class="content-highlight">
<p>Overall, we believe this spin-off of the utility business will have a positive impact on the company. The utility business is a non-core business of the company and it can realize higher value for this business as it separates this operation into a stand-alone unit.</p>
<p><em>With the six months lock-up ending on September 18th for SK Bioscience shares, investors will be watching carefully to see if indeed SK Chemicals partially sells its shares of SK Bioscience. There are still four trading days left this week and it is likely that investors will likely drive up price of SK Chemicals while drive down the share price of SK Bioscience this week.</em></p>
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On 13 September, Sk Chemicals Co Ltd/New (285130 KS) announced after the market close that it will be spinning off its utility business that makes industrial boilers and power generation facilities that produce electricity.
Overall, we believe this spin-off of the utility business will have a positive impact on the company. The utility business is a non-core business of the company and it can realize higher value for this business as it separates this operation into a stand-alone unit.
With the six months lock-up ending on September 18th for SK Bioscience shares, investors will be watching carefully to see if indeed SK Chemicals partially sells its shares of SK Bioscience. There are still four trading days left this week and it is likely that investors will likely drive up price of SK Chemicals while drive down the share price of SK Bioscience this week.


SK Chemicals - Spinning Off Its Utility Business & Creating Higher Value