Mirae Asset Securities Korean stock recommendation (February 2024)
I heard it during the holidays Warren Buffett Next Door: The World’s Best Investor You’ve Never Heard Of. Despite being published in 2010 The book remains an interesting read because none of the investors profiled use the same investment strategies or resources to find and analyze stocks to invest in. And as profiled in the classic book, The Millionaire Next Door: Surprising Secrets of America’s Richest PeopleThey are mostly normal or almost normal people…
One of the investors featured was: Christopher Reese (Lease Capital Management) He never went to college and spent most of his early adult life wandering the world doing odd jobs, before taking it upon himself to teach himself and learn about investing to fund his adventures.
The book states that the core of Rees’ strategy is:
…Extreme aversion to losing money, or protect his shortcomings. Rees says: “My basic philosophy is that I don’t believe successful investing is about finding things that are going up. I think about Find something that won’t go down.”
What stuck in my mind as useful for evaluating emerging markets, frontier markets and international stocks in general were the following metrics he uses:
To that end, Rees sticks to the company’s decisions. Tangible asset valueAlso known as . type book value. In conversation, he sometimes refers to this as liquidation value.
Tangible asset value is defined as a company’s assets minus its liabilities.. However, from these assets are deducted some vague factors that tend to inflate the numbers, such as “goodwill,” which can measure the value of the brands acquired during an acquisition. Another intangible asset that Rees can deduct is an estimate of obsolete inventory. Typically, Rees looks for companies to sell for significantly less than his estimate of tangible asset value per share.
and:
Strategy Tips
Rees has a warning for investors: Don’t confuse his tangible asset value with the book value figures commonly quoted on dozens of websites.include yahoo finance. Book value can be inflated by intangible assets such as goodwill or old inventory. “The book value is so unstable and soggy.” Reese says:
But I include Price/Book (most recent quarter) ratio plus Forward or backward P/E and dividend yield Yahoo! Because the financial statistics page of this post has to start somewhere. these are Quick and dirty numbers to help you decide whether to spend more time on the more complex book value calculations that Rees does..
Rees’ purchasing rule goes beyond actual book value.
Lease’s Investment Rules
purchasing rules
Look for companies with low debt and an equity ratio below 50%.
Focus on tangible asset value (also known as tangible book value) and watch out for intangible assets that may inflate asset value.
Look at realistic future earning potential.
Yahoo again! Finance’s stats page and a good stock screener should be able to screen for these quick and dirty stats. But how accurate it is is up to you…
Back to Korean stocks, amazing asset securities (KRX: 006800 /KRX: 520003) It is Korea’s largest investment bank and stock brokerage firm by market capitalization. They consistently release free research materials and post them on their website. Korean stock recommendations.
Stocks to research for this month february This post includes (in the order covered, from most recent to the beginning of the month):
LX Hausys, Dentium, Korea Gasscope, HYBE, Kolmar Korea, Hanwha Systems, Hanwha Aerospace, KEPCO, InBody, Hanwha Solutions, Iljin Hysolus, Hyundai Livart Furniture, Jeju Air, Socar, SK Marine Plant, CS Wind , Ray, Seegene, HD Hyundai Electric, Korea Aerospace Industries, Donga ST, Pearl Abyss, Kakao, Classys, Neowiz, Vieworks, Pan Ocean, CJ Logistics, SM Entertainment, Krafton, KT, NCSoft, CS Bearing, Kakao Games, LIG Nex1, Lotte Rental, LG U+, Lotte Chemical, Netmarble, Wemade, OCI Holdings, SoluM, Yuhan Corporation, SK Innovation, SKC, Vatech, Hankook Tire & Technology, HL Mando, SK Telecom, Daewoong Pharmaceuticals, Koyoung Technology, Hanmi Pharmaceutical, LX Corporation, S-Oil, Naver, ST Pharm, Hyundai Rotem, DL Construction, GS Construction, Kowintech, LG Household & Health Care, Samsung Electro-Mechanics, Samsung C&T, POSCO International, Samsung Electronics, LG Chemicals, Samsung SDI
As mentioned earlier, the Korean government “Corporate Value Improvement Program” The goal is so-called closure. “Korea Discount:”
📰 Foreign investors flock to ‘undervalued’ stocks (Korea Herald) February 2024
South Korea The average PBR of listed companies is 1.1. According to the Financial Services Commission, as of last year, it is lower than the United States’ 4.5, India’s 3.69, Taiwan’s 2.41, and Japan’s 1.4.
Many of the Korean stocks in this post are Price/Book Ratio Less than 1.00 – (on the surface…) indicates that it is or could be undervalued…
Mirae Asset Securities publishes Korean stock recommendation research in English. When I click on that item website, i received No pop-ups They ask me what type of investor I am or where I am located. But there is this disclaimer. End of each research report PDF file:
This post is no You should quote directly from the website or the research document itself (beyond just stating the title of the report – keep the disclosures above in mind).
However, the summary and more detailed study included in the PDF file no Include a good long-term technical chart, a description of what the company does or a link to the investor relations page of your stock pick, current quotes or latest statistics, etc. It’s everything I hate whenever it’s unavailable.
To make your life easier, this post includes:
A title containing the stock name.
IR page link and Yahoo! This is a brief explanation of stock prices. Jae Won.
Link to Wikipedia page (for what it’s worth…)
The title of the report is linked to a brief summary overview of the report. amazing asset securities Website.
The link is amazing asset securities research report PDF file About stock selection.
It is the price/book (most recent quarter) ratio plus the forward or trailing P/E plus the dividend yield tied back to Yahoo! This is a financial statistics page.
The latest long-term technical charts financial resources linked back to Yahoo!
And as always, this post Provided for informational purposes only (And again, to make your life easier…). This does not constitute investment advice and/or recommendations…
Keep in mind that Mirae Asset Securities will do this to some extent. We are conducting sales research. You will probably see no or very few sell recommendations from them (along with all the usual conflicts of interest that would arise from doing so). Just like you rarely see sell recommendations coming from Wall Street…
But their stock research comes with good stock financing and is in English. (Again, many Korean stocks do not yet have IR pages or financial reports in English.) a good starting point Information for anyone interested in investing directly in Korean stocks.
LX Hausys Co., Ltd. (KRX: 108670) We manufacture and sell building materials in Korea and overseas. It is operated in two divisions, Construction materials and automobile materials/industrial films. provided by the company building productsWindows, plastic windows, functional glass, artificial marble, insulation, aluminum windows, etc.; We supply interior materials such as wallpaper, flooring, phenolic foam insulation, Eastern, and solid surfaces to construction companies and consumers. It also provides car materialsIncludes automotive fabrics, general parts, lightweight parts, etc. There are industrial films such as decorative films, interior films, home appliance films, and advertising films. Additionally, the company operates the following services: online store.
The company name was changed from LG Hausys Co., Ltd. to LX Hausys Co., Ltd. in July 2021.
this (KRX: 145720) Is Dental medical device company producing Implant products. It has grown into a global company exporting implant products to over 70 countries around the world, including Europe, China, Russia, the Middle East, Asia, and Central and South America.
The main business is Korea Gas Corporation (KRX: 036460) is Building terminals and gas supply pipeline networksThis is a business that imports LNG, regasifies it at the terminal, and supplies it stably to local gas companies and power plants. LNG is mainly imported from the Middle East (Qatar, Oman, Yemen, Egypt), Southeast Asia (Indonesia, Malaysia), Russia (Sakhalin), Australia, and the United States.
KOGAS has grown into the world’s largest LNG importer. Currently, we are operating more than 5,027 pipeline networks nationwide (as of January 2022) and supply natural gas to 19.25 million households in 212 cities and counties with a penetration rate of 83.4% of all households nationwide (as of December 2020).
