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

Tving: Value Surges by Nearly 6x to 2 Trillion Won in 7 Months - Impact on CJ ENM

Korea Consumer Discretionary: A Pair Trade (Long CJ ENM and Short HYBE)

HYBE: Korean Govt Mandates BTS Members to Enlist in Military - 50% Further Downside Risk Ahead

Jcontentree: "All of Us Are Dead" Zombie Drama Surges to #1 in Netflix Global Charts

CJ E&M: (Parasite = Oscar?) A Turnaround Play After Six Years of Pain

Why Billions of People Will Bypass Internet to Use Metaverse & Surge in Metaverse ETFs AUM in Korea

A Equity-Based Partnership Between HYBE and Dunamu & The Upcoming Launch of BTS NFT

Event-Driven

<ul>
<li>According to a local media outlet called ETNews, CJ ENM is considering on selling about half of its stake in Netmarble to potentially acquire the controlling stake in S.M. Entertainment.</li>
<li>Although CJ ENM is the lead candidate to acquire SM Entertainment, other contenders including Kakao Corp and Naver are not totally out of the M&amp;A race. </li>
<li>Overall, we would wait on buying CJ ENM at current levels. We think that the market is still concerned about CJ ENM overpaying for SM Entertainment.</li>
</ul>


According to a local media outlet called ETNews, CJ ENM is considering on selling about half of its stake in Netmarble to potentially acquire the controlling stake in S.M. Entertainment.
Although CJ ENM is the lead candidate to acquire SM Entertainment, other contenders including Kakao Corp and Naver are not totally out of the M&amp;A race. 
Overall, we would wait on buying CJ ENM at current levels. We think that the market is still concerned about CJ ENM overpaying for SM Entertainment.


CJ ENM, 넷마블 지분 블록 매각 가능성과 기업 구조조정 우려