Dispite recent rally on the back of improved relationship between South Korea and North Korea, I believe that HEC is overvalued by the market (all positives are priced-in, however there is a risk that relationship will not be improved significantly)
I belive that improved relationship between South and North Korea will lead to significant upside for HEC due to potential big infrastructure projects (Note: HEC has already undertaken W 700 bn construction work in North Korea)
Dispite recent rally on the back of improved relationship between South Korea and North Korea, I believe that HEC is overvalued by the market (all positives are priced-in, however there is a risk that relationship will not be improved significantly)
I belive that improved relationship between South and North Korea will lead to significant upside for HEC due to potential big infrastructure projects (Note: HEC has already undertaken W 700 bn construction work in North Korea)