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

*TW3/North Asia* That Was The Week That Was 🇰🇷 🇯🇵 11th-17th February 2019 @Smartkarma

🇰🇷 🇯🇵 That Was The Week That Was North Asia - 15th-21st April 2019 @Smartkarma

Thematic (Sector/Industry)

In this report, we provide a finding which may surprise some of the readers. We have checked homepages of the top 100 companies in KOSPI by market cap to see which companies have recordings of their quarterly earnings conference calls (including the Q&amp;A session) available. We have found that out of these 100 companies, only 14 companies have their quarterly earnings conference calls (including the Q&amp;A session) available in English. We then tallied their share price performances since a) end of 2016 to present, b) end of 2017 to present, and c) YTD. We have found that their average share price performance crushed the market from end of 2016 to present (these 14 stocks were up on average 39% versus KOSPI which was up only 8.6% during this period).The main reason why stock prices go up is because of the companies' improving cash flow and earnings with improved investor capital inflow. Having an excellent investor relations (with quarterly earnings announcements conference call recording) IS NOT the leading cause of why stock prices go up. We believe the following are the two main reasons why these 14 companies choose to have their quarterly conference call recordings available:<ul>
<li>Strong investors' demands</li>
<li>Benchmarking the global best practices of investor relations vs. saving face</li>
</ul>

In this report, we provide a finding which may surprise some of the readers. We have checked homepages of the top 100 companies in KOSPI by market cap to see which companies have recordings of their quarterly earnings conference calls (including the Q&amp;A session) available. We have found that out of these 100 companies, only 14 companies have their quarterly earnings conference calls (including the Q&amp;A session) available in English. We then tallied their share price performances since a) end of 2016 to present, b) end of 2017 to present, and c) YTD. We have found that their average share price performance crushed the market from end of 2016 to present (these 14 stocks were up on average 39% versus KOSPI which was up only 8.6% during this period).The main reason why stock prices go up is because of the companies' improving cash flow and earnings with improved investor capital inflow. Having an excellent investor relations (with quarterly earnings announcements conference call recording) IS NOT the leading cause of why stock prices go up. We believe the following are the two main reasons why these 14 companies choose to have their quarterly conference call recordings available:
Strong investors' demands
Benchmarking the global best practices of investor relations vs. saving face


한국 주식 시장 초과 수익률과 분기 실적 컨퍼런스 콜 녹음의 놀라운 발견