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

A 140% Increase in Share Cancellations by Korean Companies from 2021 to 2023

A First Major Class Action Lawsuit Against KT&G's Directors by FCP + KT&G's Results Analysis in 2023

Samsung C&T: Share Cancellation of Nearly 1.1 Trillion Won Worth of Treasury Shares in 2024

KT&G: First Shares Cancellation in 14 Years

KT&G: A New Shareholder Return Policy Worth 2.8 Trillion Won Over Next 3 Years

Equity Bottom-Up

<ul>
<li>
<strong>KT&amp;G is a high conviction pick in 2024.</strong><strong>We believe KT&amp;G Corporation (033780 KS) is likely to announce cigarette price hikes in 2H 2024.</strong>
</li>
<li>Three major reasons include a) no cigarette price hikes in nearly 9 years, b) Korean legislative election will be in April 2024, and c) reduce government tax revenue shortfall.</li>
<li>We believe that the Korean government could raise cigarette prices to about 7,000 won to 8,000 won per pack from current price of 4,500 won. </li>
</ul>



KT&amp;G is a high conviction pick in 2024.We believe KT&amp;G Corporation (033780 KS) is likely to announce cigarette price hikes in 2H 2024.

Three major reasons include a) no cigarette price hikes in nearly 9 years, b) Korean legislative election will be in April 2024, and c) reduce government tax revenue shortfall.
We believe that the Korean government could raise cigarette prices to about 7,000 won to 8,000 won per pack from current price of 4,500 won. 


2024년 높은 확신: [KT&amp;G - 2024년 하반기 담배 가격 인상 발표 가능성]

KT&G Corporation

2024년 높은 확신: [KT&G - 2024년 하반기 담배 가격 인상 발표 가능성]

KT&G Corporation

2024년 높은 확신: [KT&amp;G - 2024년 하반기 담배 가격 인상 발표 가능성]

2024년 높은 확신: [KT&G - 2024년 하반기 담배 가격 인상 발표 가능성]