A Hidden Champion in South Korea
Dominant in their niche, high insider ownership, PE 6, DY 5%.
Dear Readers,
Welcome to a bonus edition of ROE The Boat.
This newsletter recently became a Substack Best Seller which is very pleasing. Your support is greatly appreciated.
As a show of appreciation I thought I would publish a bonus edition for this month.
In this issue I’m highlighting another South Korean small cap that seems far too cheap for the nature of the business.
Every month we publish exclusive research on profitable growing small/microcaps trading at cheap prices.
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This particular family run holding company dominates a particular niche in South Korea, while the other part of the business generates high margin recurring revenue.
The company is expanding abroad, has a healthy balance sheet, and reward shareholders with a dividend too.
Despite these positives the shares trade on a P/E of 6.
Let’s dive in…
Please note: this article should act as an introduction to the company mentioned and is not a complete deep dive. Make sure you do your own research before investing in any company mentioned in this newsletter.