Korea / Special Situations, Clepsydra Capital

Sanghyun Park

I investigate special situations in Korea.

Korea / Special Situations

Hyundai Eng Listing Date Confirmed as Feb 15: Passive Flow Schedule, Incl. Local Sector ETFs

Hyundai Engineering IPO Process Begins - A Key Catalyst for the Hyundai Motor Group Restructuring?

Step-By-Step Guide of Hyundai Motor Group Restructuring

Korea / Special Sits, Pairs, Index Rebalancing

Clepsydra Capital

Investigate special situations, pairs, and index rebalancing trades in Korea.

Equity Capital Markets

Hyundai Engineering   / Equity Capital Markets

<ul>
<li>The success of this IPO depends on whether Hyundai Engineering can present a growth story that can justify a valuation premium of up to twice that of the local peers.</li>
<li>Of course, Hyundai Engineering is indeed in an advantageous position compared to the local competitors because it can present synergies with Hyundai Motor Group affiliates.</li>
<li>However, it depends on how specific a picture of financial growth is presented, which will be a significant challenge for Hyundai Engineering as well.</li>
</ul>


The success of this IPO depends on whether Hyundai Engineering can present a growth story that can justify a valuation premium of up to twice that of the local peers.
Of course, Hyundai Engineering is indeed in an advantageous position compared to the local competitors because it can present synergies with Hyundai Motor Group affiliates.
However, it depends on how specific a picture of financial growth is presented, which will be a significant challenge for Hyundai Engineering as well.


Daewoo Engineering & Construction (047040 KS)

GS Engineering & Construction (006360 KS)

현대엔지니어링 IPO: 공모 세부 정보, 가치 평가 이슈, 지수 빠른 진입