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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] On the 12th, DS Investment & Securities commented on Doosan Group, stating that "Doosan Bobcat needs to present a clear blueprint for enhancing shareholder value."
DS Investment & Securities explained that while Doosan Group has withdrawn its merger plan involving comprehensive stock exchanges between Bobcat and Robotics, concerns among Bobcat shareholders remain high. They noted that despite the withdrawal of the merger, Bobcat’s stock price has fallen by more than 5%, and it has decreased by 3.9% to date.
The firm highlighted that the market’s continued concern stems from the belief that the merger between Bobcat and Robotics might be reconsidered in the distant future. Shareholders are worried that during this period, Bobcat’s stock might struggle to rise and could be suppressed.
DS Investment & Securities further elaborated that the expectation of a possible future merger is based on Doosan Group’s ongoing efforts to integrate Bobcat into Robotics through the spin-off of Enervit. They emphasized the need for Doosan Group to provide assurances against future stock exchanges or mergers and to present a clear plan for improving shareholder value.
There is also an analysis suggesting that the potential for Doosan to conduct share buybacks remains open as part of its policy to enhance value.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
