May 27, 2021
James Lim, Senior Research Analyst at Dalton Investments, was recently quoted in Bloomberg discussing the valuations of Korean family-owned conglomerates or chaebols, such as Samsung, Hyundai, SK Inc. and LG Corp. According to Lim when discussing these companies, “compared to their net asset value or estimated real net asset value, the discount can be easily 50% to 70%,” something not seen often in other markets. Although he believes such stocks are attractive, it could take investors several years to understand how to value them.
Read the article here.