Der einzige reinrassige Korea-Internetwert - 500 Beiträge pro Seite

[emw]

Lt. GlobalNETInvesting (v. 22.12.99) ist dies Korea Thrunet (WKN 929390, 60 Euro). Das Unternehmen wurde bereits 1996 gegründet und ging im Nov. 1999 an die Nasdaq. Lehmann Brothers hat als erster Broker das Coverage aufgenommen und eine Buy-Empf. ausgesprochen. Das Kursziel wurde auf 130 $ gesetzt. GlobalNETInvesting hält diese Schätzung für konservativ und setzt das Kursziel auf 200 Euro, was aus heutiger Sicht ca. 230% wären. Ich halte das ohne weiteres für machbar, wenn man bedenkt, daß es mit dem Fond nordasia.com einen ganz neuen Fond gibt, der sich nur auf asiatische Internetwerte spezialisiert. Dieser Fond wird ganz sicher Korea Thrunet ins Portfolio nehmen. Noch zum Unternehmen: der Umsatz für 1999 wird auf USD 8 Mio veranschlagt und soll in 2000 auf USD 55 Mio und in 2001 auf USD 190 Mio steigen.

Von diesem Wert ist in den Boards noch sehr wenig zu hören. Wer kann noch ein paar Facts beisteuern?

Grüße an alle Asienfans

[Ciccarelli]

Hi Emw,

na dann leiste ich Dir halt etwas Gesellschaft :-)

Bin heute zufällig auf Korea Thrunet gestoßen.
Im Asia Communication-Zertifikat von ABN-AMRO ist KOREA
gleichwertig mit China.com und Pacific Internet zu jeweils 4%
gewichtet.
Das Zertifikat beinhaltet desweiteren Firmen aus den Bereichen
Telekommunikation und Mobilfunk.
WKN 354 444,FRA Laufzeit: 4 Jahre

Korea Thrunet

naja, viel kann ich bisher noch nicht dazu sagen,
Lehman Brothers war zumindest IPO-Underwriter von Korea Thrunet,
ansonsten kann ich noch ein paar kurze Textauszüge reinkopieren.


Korea Thrunet Co., Ltd. is the leading provider of high-speed Internet services in Korea, with 112,995 end users as of
November 30, 1999. Thrunet service features ``always-on`` Internet access at speeds up to 100 times faster than traditional
dial-up Internet access, with compelling multimedia content ranging from on-demand music videos and Internet telephony to
multimedia bulletin board and multimedia chatting services. Korea Thrunet also provides facilities-based data
communications services to more than 150 corporate customers in Korea, including several major telecommunications
carriers such as SK Telecom Co. Ltd. and Shinsegi Telecomm Inc. Founded in July, 1996, Korea Thrunet`s principal offices
are located at 1338-5, Seocho-2 dong, Seocho-ku, Seoul, Korea 137-072.

Wednesday January 5, 10:52 am Eastern Time

Company Press Release

SOURCE: Korea Thrunet Co., Ltd.

Korea Thrunet Acquires Equity Ownership of Eight System
Operators

SEOUL, South Korea and NEW YORK, Jan. 5 /PRNewswire/ -- Korea Thrunet Co., Ltd. (Nasdaq: KOREA - news) today
announced that it acquired equity ownership in eight regional cable system operators in Korea with the ownership ratio
ranging from 9.2% to 100%. The total investment was KRW 58.3 billion or approximately US$50.6 million. Through this
investment, Korea Thrunet gained majority control or over 50% ownership of 6 out of 77 system operators nationwide.

The Korean government divides the whole nation into 77 areas and assigns one system operator to each area, granting an
exclusive license to render cable TV broadcasting services in each region.

Currently, Korea Thrunet and system operators cooperate in their regional co-marketing, customer maintenance, installation
and co-location services. The Company believes that the direct equity ownership in system operators would help achieve the
following objectives:

1) further enhance the quality of its services,
2) expand its service coverage, and
3) secure provision of more reliable network for broadband Internet

service.

Out of eight system operators in which Korea Thrunet acquired equity ownership, the Company already has a Business
Cooperation Agreement with five operators to provide broadband Internet service. The Company signed with the remaining
three operators a Business Cooperation Agreement, bringing total number of such partnerships to 36. The eight regional areas
have 1,572,380 homes with 649,486 home passed and 56,616 cable TV subscribers. The term ``home passed`` refers to the
number of homes that potentially can be served by a cable system. Two out of eight system operators in which Korea Thrunet
acquired equity ownership are outside of the areas serviced by cable network of Korea Electric Power Corporation
(KEPCO). Korea Thrunet plans to build its own network in these two regions.

Lehman lifts Thrunet target
again
Sees shares hitting $130 after `strong` Q3
results

By Bill Clifford, CBS MarketWatch
Last Update: 3:12 PM ET Dec 17, 1999
Net Stocks


SEOUL (CBS.MW) -- Just one day after Lehman
Brothers started coverage of Internet firm Korea Thrunet
Co. -- with an aggressive buy rating that helped give the
shares a 30-percent pop Thursday -- the U.S. investment
bank is at it again.

Lehman Brothers raised its near-term target price for
Thrunet (KOREA: news, msgs), to $130 a share from
$100, just before the open of U.S. equity trading on
Friday. The reason for its second target price in two
days: the South Korean provider of broadband services
posted third-quarter business results overnight which
Lehman said were way ahead of expectations.

Korea Thrunet shares
eased off 1/2 to 71
1/2 on Friday
afternoon.

The company, which
Lehman brought
public, is first
Korean Net stock to
trade in the U.S.
Since its IPO on
November 17, its
shares have risen as high as 84.

Thrunet posted revenues of $16.7 million (20.33 billion
won) in the three months through September, up 31
percent from the second quarter and a whopping 755
percent from a year earlier. The company`s net loss
widened to $16.2 million, seven times its loss in the
third quarter of 1998. See full story.

"Thrunet has blown away our forecasts across all key
business metrics for the third quarter and the last nine
months," Ravi Sarathy, head of Lehman`s Asia Internet
research team, told CBS.MarketWatch.com. "The
numbers are impressive both from a financial and an
operational standpoint."

For starters, Sarathy underestimated
Thrunet`s revenue by 16 percent with his
forecast of $15.4 million for the
quarter.

The company said most of its revenue
gains came from "steady but strong
growth in data communications
services, and a dramatic increase in
revenues from broadband Internet
services." See Korea Thrunet`s
third-quarter report.

Thrunet said its "immediate strategy
focuses on the expansion of our
subscriber base." Its Internet end users
reached 90,693 as of September 30, up
53 percent from 59,347 at the end of the
second quarter.

As of November 30, end users had
increased to 112,995 (about 62 percent
commercial, the rest residential). That figure, Sarathy
wrote in a note to clients, beat his year-end forecast.
What`s more, the recently opened Thrunet portal site
achieved 800,000 average daily page views, double his
forecast.

Living up to its first-mover status, Thrunet is rolling out
new services quickly. Among them, the "Open Bulletin
Board System," launched this month. It`s South Korea`s
first free bulletin-board service accessible to surfers
using not only computers but also mobile phones and
other wireless devices.

For its150 existing corporate clients and potential
customers, Thrunet launched in November a service that
provides dedicated fiber-optic lines directly connected
to their premises.

Rolling out new broadband services puts the pinch on
any Net company`s operating cash flow.

Sarathy noted that operating cash flow turned positive at
$1 million the in the July-September period, two
quarters earlier than expected, with operating cash flow
margins at six percent.

The absolute figure is not likely to remain positive, he
said. It`s a likely one-off that stems from an agreement
Thrunet reached with one of its main shareholders,
Korea Electric Power Corp. (KEP: news, msgs), lower
the lease fees it charges Thrunet for using its fiber-optic
cable network. The rates will be set to the pre-July 1
level, with retroactive effect that will result in lower
operating costs.

Lehman Brothers is not only raising its target price for
Thrunet shares.With the overall Korean Internet market
growing rapidly, it`s raising its estimates for Thrunet`s
end users, to 243,693 for calendar 2000, up from
208,644; for 1999 revenue, to $59 million from $55
million; and for revenue next year, to $112 million from
$99 million. Lehman thinks Thrunet will turn a profit in
2003.

Naja, viel isses noch nicht,kann nur noch besser werden!
Jedenfalls könnte es ein interessantes Investment werden.
Bis Bald, Ciccarelli :-):-):-)

[mendoza]

bin auch in korea drin. habe mir allerdings angesichts der sehr guten zahlen und der lehman-brothers-empfehlung mehr dynamik erhofft.

[emw]

Hallo Ciccarelli,

Dank für Deine Infos - ist schon hilfreich.

Die Dynamik fehlt zwar noch, aber die kann ja noch kommen, wenn der Wert bekannter ist; vielleich wird er das ja, wenn wir im Februar erfahren, was der nordasia.com alles drin hat.

Schlußkurs an der Nasdaq war 62,625 $.

So long
emw

[Glück]

Bei einer Rotation der Anlegergunst könnten letztere schnell mal auf
diesen Wert stoßen - zumal an der Nasdaq gelistet!!!

Glück

[emw]

Korea ist in New York schon über 65$. Ich glaube jetzt geht`s los.
Korea ist auch im spek. Depot bei www.suntraders.de enthalten.

So long