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Related stocks are shaking for two days in a row over the news that Coupang has started listing on the New York Stock Exchange (NYSE). Investors are also in the midst of discovering related stocks. However, as there may be stocks with low business relationship with Coupang or rising regardless of corporate value, don’t ask, investment needs attention.
According to the Korea Exchange on the 16th, KCTC, which signed a partnership with Coupang’s logistics and warehousing business with Dongbang, which is in charge of Coupang’s logistics on the news of Coupang’s listing on the New York Stock Exchange, closed the transaction at the upper limit for two consecutive trading days. The stock price recorded 12,950 won and 7990 won, respectively, and renewed the 52-week reported price. In addition, KTH, which is supplying contents to Coupang’s OTT (online video service)’Coupang Play’, also recorded an upper limit and closed the market at 15,600 won.
As Coupang’s listing is expected to expand logistics, the corrugated board is also strong. This is because corrugated cardboard is essential in the parcel delivery business. By item, Daeyoung Packaging recorded an upper limit for two consecutive trading days, closing at 3080 won, and Yeongpoong Paper also exceeded 10,000 won by rising to the price limit.
Future life resources are also skyrocketing. Companion animal health functional foods are supplied to Coupang in an ODM (manufacturer development and production) method. The stock price rose 17.15% on this day.
Naver and E-Mart also rose 3.77% and 6.18%, respectively. This is because of the analysis of experts that Coupang’s listing on the NASDAQ could lead to a re-evaluation of the Korean e-commerce market.
Park Eun-kyung, a researcher at Samsung Securities, said, “Last year, Coupang and Naver Shopping’s transaction amount was 22 trillion won and 27 trillion won, respectively, and Naver Shopping exceeded Coupang by 25%, and the transaction growth rate was similar at 41% and 38%, respectively.” If listed at ~50 trillion won, Naver Shopping’s transaction value is expected to increase from 27 trillion won last year to 38 trillion won this year, and the corporate value of Naver Commerce will be evaluated at least 29 trillion won.”
Lee Ji-young, a researcher at NH Investment & Securities, said, “We recommend that you pay attention to similar domestic industries such as E-Mart’s SG (SSG).com, etc.). “This will increase competition in the market and increase the penetration rate of e-commerce, It is highly likely to act as a catalyst to accelerate market growth.”
The problem is that the stock price continues to surge, so investors are also exposed to risks.
An official in the financial investment industry said, “There are many companies that benefit from the listing of Coupang, but some stocks simply jump on the issue and rise,” said an official from the financial investment industry. We need to look closely to see if it has not risen.”
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