Satrec Initiative: Additional Selling Likely Post SpaceX IPO and Inclusion of KOSDAQ150
In this insight, I provide an update of Satrec Initiative (099320 KS) which was the 5th company in my Korea Small Cap Gem series.
Satrec’s improving financials along with the global theme of space exploration/satellite/SpaceX IPO as well as potential inclusion in KOSDAQ150 could drive Satrec Initiative’s share price higher in the short term.
However, the valuations of the company have reached very high levels. Therefore, over a longer period (12 months), it appears that the company is fairly valued.
Source: Company data
