Added to YB: 2026-10-15
Pitch date: 2026-10-12
011080.KQ [neutral]
HYUNGJI INNOVATION & CREATIVE Co.,Ltd
+21.66%
current return
Author Info
Sung Capital is an alternative asset management firm run by Oliver Sung. We invest capital for families, registered investment advisors, and accredited investors through a private investment fund. We pick underpriced stocks, usually in pockets of the market where large pools of capital (funds and institutions) can’t or won’t invest, but we flip every stone. We pick stocks only, use no leverage, and require a significant margin of safety in every investment. Sign up for the newsletter.
Company Info
HYUNGJI INNOVATION & CREATIVE Co.,Ltd operates as a fashion company in South Korea. The company manufactures and sells men’s and women’s clothing.
Market Cap
KRW 5.1B
Pitch Price
KRW 785.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
-2.00
P/E
-0.33
EV/Sales
0.23
Sector
Textiles, Apparel and Luxury Goods
Category
value
All Korean net nets #5: finding nuggets in the dirt - HYUNGJI INNOVATION & CREATIVE Co.,Ltd
011080.KQ (pass): Hyungji I&C looks optically cheap at 0.33x NCAV and 0.15x book, but is an easy pass for two reasons: first, its KRW5.2bn market cap could force a delisting, though delistings are currently stayed by a court ruling; second, repeated capital raises expanded the split-adjusted share count 5.5x in four years. It also began lending to its unlisted parent one month after last year’s KRW12bn rights issue.
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