Amorepacific Group: SoTP Valuation and Meaning of Min-Jung Suh Taking One Year Leave of Absence
About a week ago, it was announced that Chairman's elder daughter Min-Jung Suh will take a long one year leave of absence.
Chairman Suh is very dissatisfied with the company's results in the past three years and wants to shake up the company to improve its operations, in our view.
Our base case NAV valuation of Amorepacific Group (002790 KS) is 39,611 wo…
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