HOUSE_OVERSIGHT_012091.jpg
1.74 MB
Extraction Summary
1
People
3
Organizations
6
Locations
2
Events
1
Relationships
4
Quotes
Document Information
Type:
Financial analysis report / market outlook
File Size:
1.74 MB
Summary
This document is page 13 of a 'Global Foresight' financial report from the Third Quarter of 2017. It analyzes Asian market valuations, arguing that South Korean sectors (automobiles, utilities, and banks) are undervalued compared to Japanese and Italian peers. It discusses the potential for market correction through corporate governance reform regarding 'chaebols' under the new Korean administration and references Dr. Mariela Vargova. The document bears the Bates stamp HOUSE_OVERSIGHT_012091, indicating it was part of a document production to the US House Oversight Committee.
People (1)
| Name | Role | Context |
|---|---|---|
| Dr. Mariela Vargova | Author/Expert |
Referenced as the author of a related article on corporate governance in South Korea.
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Organizations (3)
| Name | Type | Context |
|---|---|---|
| MSCI |
Referenced for market indices (MSCI ACWI, MSCI Korea, MSCI Asia ex. Japan).
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| Bloomberg |
Source for the charts provided.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
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Locations (6)
| Location | Context |
|---|---|
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Mentioned in market performance analysis.
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Mentioned in market performance analysis.
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Primary focus of the analysis (referred to as Korea).
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Used as a comparative benchmark for valuations.
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Used as a comparative benchmark for bank valuations.
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Mentioned regarding a regional electricity producer.
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Relationships (1)
Text refers readers to an article by Dr. Mariela Vargova.
Key Quotes (4)
"MSCI Korea’s price-to-book (P/B) ratio of 1.1x and price-to-earnings (P/E) (12 month forward) ratio of 9.4x are 30% and 31% lower than MSCI Asia ex. Japan Index"Source
HOUSE_OVERSIGHT_012091.jpg
Quote #1
"Korean OEMs trade at a P/B ratio near 0.5x book, which is a steep discount to their Japanese rivals."Source
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Quote #2
"We are not advocating that the new government implement heavy-handed methods to incite change among the chaebols."Source
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Quote #3
"working with the chaebols in enhancing governance... would be well received by global investors"Source
HOUSE_OVERSIGHT_012091.jpg
Quote #4
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