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

Korea - Buyback Fuels Hyundai Motors Short Covering

Korea - Hyundai Mobis Shorts Continue Covering

HMG Restructuring: New FTC Head, Union Wage Deal & Autoever Block Deals

Hyundai Motor ₩300bil Buyback: Execution Details & Current Status

Hyundai Motor 1PB at +2σ to C with Div. Yield Difference Still High

Event-Driven

<a href="https://www.smartkarma.com/entities/hyundai-motor-co" target="_blank" data-smartkarma-citation="entities:155:1" rel="noopener">Hyundai Motor Co (005380 KS)</a> announced today that is will conduct a share buyback program worth about 300 billion won, including 2.14 million of common shares (260 billion won) and 0.63 million of other Hyundai Motor pref shares (49 billion won). This represents 1% of its common shares.We expect this share buyback program to have a positive impact on Hyundai Motor's stock price. However, because the share buyback represents only 1% of shares outstanding and does not involve share cancellations, this share buyback is not likely to have an overwhelming positive impact on Hyundai Motor's stock price like the case of <a href="https://www.smartkarma.com/entities/sk-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:393:1" rel="noopener">SK Holdings (034730 KS)</a> whose share price has climbed 24% since it first announced its share buyback on October 1st.Two Additional Key Catalysts include:<ul>
<li>Strong Pre-Orders of the New Grandeur Model</li>
<li>Received Final Approval to Build the Tallest Skyscraper in Korea</li>
</ul>

Hyundai Motor Co (005380 KS) announced today that is will conduct a share buyback program worth about 300 billion won, including 2.14 million of common shares (260 billion won) and 0.63 million of other Hyundai Motor pref shares (49 billion won). This represents 1% of its common shares.We expect this share buyback program to have a positive impact on Hyundai Motor's stock price. However, because the share buyback represents only 1% of shares outstanding and does not involve share cancellations, this share buyback is not likely to have an overwhelming positive impact on Hyundai Motor's stock price like the case of SK Holdings (034730 KS) whose share price has climbed 24% since it first announced its share buyback on October 1st.Two Additional Key Catalysts include:
Strong Pre-Orders of the New Grandeur Model
Received Final Approval to Build the Tallest Skyscraper in Korea


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