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

Outin Futures Corp IPO - Valuations (Part 2)

CTK Cosmetics (Part 2) Valuation Analysis - Biggest Korean Cosmetics IPO in 2017

Global Consumer Thinker#1: Korea Cosmetics

Cosmecca Korea IPO Preview (Part 2) - What Is It Worth?

Update on Cosmecca Korea - Carving Out a Strong Niche in ODM Cosmetics

SD Biotechnologies Co IPO Preview (Part 2)

Equity Capital Markets

Cosmecca Korea   / Equity Capital Markets

Established in 2000, Outin Futures Corp is a Korean cosmetics company. It is expected to complete its IPO in early July. It has its own cosmetics brand name called Neogen, which is mainly sold at home shopping and health &amp; beauty shops such as Olive Young. Outin Futures Corp also operates a cosmetics ODM business as well as packaging and design business for various consumer items including cosmetics, medical, and drink products.  The company's business surged from 2014 to 2016. For example, its sales increased from 16.0 billion won in 2014 to 56.8 billion won in 2016, up 89% CAGR during this period. Its operating profit also increased from 1.8 billion won in 2014 to 9.6 billion won in 2016. Despite the strong growth from 2014 to 2016, the growth has slowed in 1Q17.One of the best selling products for the company is its Neogen Bio-Peel gauze peeling product.Basically, this product is not just an exfoliator, but it also involves a triple layer exfoliating function included cotton pad that's made with red wine. Users rave about it due to its ease of use and effectiveness without having to do a full facial scrub.Deal Specifics of the Outin Futures Corp IPO:<ul><li>Lead manager of the IPO: Hana Financial Investment Securities</li><li>Expected IPO offer price per share: 26,000 won (low)/ 30,000 won (high)</li><li>IPO base deal size: US$23m (low);  US$27m (high)</li></ul>

Established in 2000, Outin Futures Corp is a Korean cosmetics company. It is expected to complete its IPO in early July. It has its own cosmetics brand name called Neogen, which is mainly sold at home shopping and health &amp; beauty shops such as Olive Young. Outin Futures Corp also operates a cosmetics ODM business as well as packaging and design business for various consumer items including cosmetics, medical, and drink products.  The company's business surged from 2014 to 2016. For example, its sales increased from 16.0 billion won in 2014 to 56.8 billion won in 2016, up 89% CAGR during this period. Its operating profit also increased from 1.8 billion won in 2014 to 9.6 billion won in 2016. Despite the strong growth from 2014 to 2016, the growth has slowed in 1Q17.One of the best selling products for the company is its Neogen Bio-Peel gauze peeling product.Basically, this product is not just an exfoliator, but it also involves a triple layer exfoliating function included cotton pad that's made with red wine. Users rave about it due to its ease of use and effectiveness without having to do a full facial scrub.Deal Specifics of the Outin Futures Corp IPO:Lead manager of the IPO: Hana Financial Investment SecuritiesExpected IPO offer price per share: 26,000 won (low)/ 30,000 won (high)IPO base deal size: US$23m (low);  US$27m (high)

Outin Futures Corp IPO 미리보기 (1부)