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Douzone Bizon: Deeply Oversold, Ready for a Turnaround

Douzone Bizon: Deeply Oversold, Ready for a Turnaround

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Douglas Kim
Aug 20, 2023
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Douglas Research Insights
Douglas Research Insights
Douzone Bizon: Deeply Oversold, Ready for a Turnaround
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  • We believe shares of Douzone Bizon are deeply oversold and ready for a turnaround.

  • The company is increasingly buying back shares. Treasury shares as a percentage of total outstanding shares increased from 0% at end of 2021 to 9.3% at end of 1Q 2023. 

  • Korean government's plans to boost the domestic software industry by spending more than 560 billion won i…

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