Kakao: New Biz Turning To Profit In 2019 Is The Key

Feb. 15, 2019 12:46 AM ET
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Long/Short Equity, Deep Value, Growth At A Reasonable Price, Korea

Contributor Since 2015

HYUNDAI MOTOR SECURITIES Co., Ltd. is the investment banking arm of the Hyundai Motor Group. It is a Korea-based company specialized in the provision of securities and financial services. The Company mainly engages in the securities dealing and brokerage businesses, covering stocks, futures, options, government bonds, corporate bonds, foreign exchanges and financial derivative products. It also engages in the provision of investment consulting services, Internet banking services, corporate financing services, corporate analysis services, as well as operation of trust business.

Summary

  • 4Q18 results missed expectations.
  • Core businesses did well but the new businesses that the company hoped would provide fresh growth catalysts posted an operating loss.
  • Earnings fundamentals of core businesses such as advertising, content, and commerce are strengthening.

kakao

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: Hyundai Motor Company is a passive shareholder in our bank.

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