Good ideas can be contagious

January 2024

Our two South Korean holdings are up about 20% this week, yet they still trade at 0.4x & 0.5x book value. This sits alongside strong earnings potential, net cash on the balance sheet and attractive dividend payouts. 

We feel there is plenty more to go – and hopefully this type of sensible contagion continues to catch on. 

For a local’s take on it, please see this link: Expectations rise for Korea's value-up program for underperforming stocks - The Korea Times

As usual, please find the monthly here.