Investors canvassed by the leads report that Goldman Sachs and JPMorgan will begin pre-marketing a 15% divestment in Daewoo Shipbuilding next Wednesday. Based on this Wednesday's closing share price of Won10,250, the deal will raise $243.5 million and represent only the third straight equity offering from Asia this year.
Timing is considered opportune, however, because the company has just been included in the MSCI index for the first time and ranks as one of the few strong outperformers on the Kospi so far this year.
The stock is currently up 46.43% on the year, versus a roughly 5% decline in the overall index, but analysts still feel it has upside...
