Ira Sohn London: Andrew Weiss, President and CIO of Weiss Asset Management Trade Idea: Korea, Hyundai Motor Co (KRX:005385) (OTCMKTS:HYMLF) Price Target: Valuation: 6.9 times earnings ordinary shares, 3.1x earnings for the preferred Themes: Andrew Weiss on Korean stocks Stocks are cheap compared to similar markets. Growth prospects, six times more graduates entering the work market than leaving. The best numeracy and literacy test scores of developed nations. Well developed infrastructure. Debt to GDP is 36%, less than 8% if you net out FX reserves and gold. Budget surplus for the past ten years. North Korea benefits the South Korea due to…
Andrew Weiss On South Korea’s Potential Upside
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