SK Square

SK Square: NAV Valuation Analysis, 2 IPOs of Affiliates in 1H22, & Higher Weighting in MSCI Korea

Equity Bottom-Up
207 Views, 18 Jan 2022 20:40
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EXECUTIVE SUMMARY
  • Our updated NAV analysis of SK Square suggests an implied price of 92,050 won per share, representing 46.3% upside from current levels.
  • Among the affiliated companies, OneStore and SK Shieldus are expected to be listed in the Korean stock market in 1H 2022.
  • MSCI is likely to increase the weight of SK Square in the MSCI Korea Index rebalance announcement on 10 February. 
detail (3-minute read)
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Douglas Kim
Korea/Asia, New Economy, IPOs, Events
South KoreaEquity Bottom-UpEquity Capital Markets

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following se... 

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