Preferred Shares of Five Major Korean Holdcos - Likely to Close the Gap Further With Common Shares
In this insight, we discuss the preferred shares of five major holding companies and how the share price gap relative to their common counterparts could decrease.
There is a relatively easy way to improve shareholder value of these holding companies which is to cancel the entire preferred shares that trade at discount to their common counterparts.
The common shares of these five companies have experienced an average share price appreciation of 33.2% YTD versus 28.7% appreciation for their preferred shares counterparts.
