Search company, investor...

Predict your next investment

Corporation
FINANCE | Investment Banking
nhqv.com

Investments

60

Portfolio Exits

5

Funds

4

About NH Investment & Securities

NH Investment & Securities (KRX: 005940) provides brokerage, underwriting, and securities dealing services. It offers financial advisory services, online trading, corporate financing, research, foreign exchange service, beneficiary certificates, investment consulting, financial derivatives, bonds, and mutual funds. NH Investment & Securities was formerly known as Woori Investment & Securities. The company was founded in 1969 and is based in Seoul, South Korea.

Headquarters Location

NH Investment&Securities Co.Bldg 60 Yeoui-daero, Yeongdeungpo-gu

Seoul, 07325,

South Korea

1544-0000

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest NH Investment & Securities News

[Youngone] Feeling bittersweet

Nov 16, 2023

[Youngone] Feeling bittersweet The logo of NH Investment & Securities The author is an analyst for NH Investment & Securities. He can be reached at jiyoony@nhqv.com -- Ed. In 3Q23, Youngone’s OEM division sales slowed down first time in 10 quarters. Given the industry-outpacing OEM sales clip over the past 2 years, short-term negative effects are inevitable. But, given the valuation gap with the Taiwanese peers, we advise focusing on downstream recovery expectations rather than near-term earnings growth concerns. Share price facing headwinds despite still sound earnings Although sticking to a Buy rating, we lower our TP on Youngone by 8% to W70,000. We have downwardly adjusted our OEM sales estimates, in turn leading to cuts in our 2023 and 2024 OP forecasts of 6% and 5%, respectively. Dollar-denominated revenue growth rate (y-y) broke down as: -6% for Makalot > 12% for Hansae (non-consolidated) -12% > -18% for Youngone (OEM) > -29% for Eclat. Due to the record-breaking sales of the OEM division within the industry over the past 3 years, high-base effects are inevitable over 2H23~1Q24. However, absolute sales volume and margins are still superior to those at rivals. And, considering the valuation gap with the Taiwan peers, we view a recent order slowdown as being sufficiently reflected in the share price. Now is time to focus on downstream recovery expectations. 3Q23 review: OEM shows negative growth for first time in 10 quarters Youngone posted consolidated 3Q23 sales of W9,988bn (-14% y-y) and OP of W1,799bn (-35% y-y), with OP coming in 17% below consensus of W2,185bn. OEM: The OEM division booked sales of W5,973bn (-20% y-y) and OP of W1,607bn (-28% y-y). At end-2Q23, OEM inventory decreased 15% y-y, resulting in an 18% y-y fall in dollar-denominated sales growth rate. It seems that the most of volume from customers, excluding Lululemon and Arc'teryx (which have consistently shown order increases) have dropped down as of late. As of end-3Q23, OEM inventory had lessened to W428.7bn (-18% y-y), a development which requires consideration toward likely high-base effects in 4Q23. Brand: The brand division showed sales of W4,014bn (-4% y-y) and OP of W193bn (-64% y-y). SCOTT saw a sharp rise of 98% y-y in inventory as of end-3Q23, and a downward trend in margin levels continued in response to both European inflation and a decline in demand for mountain bikes (MTBs).

NH Investment & Securities Investments

60 Investments

NH Investment & Securities has made 60 investments. Their latest investment was in Quantec as part of their Series C - II on November 11, 2023.

CBI Logo

NH Investment & Securities Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/22/2023

Series C - II

Quantec

$6.9M

Yes

1

10/8/2023

Series A - II

Soldoc

$5.2M

Yes

2

6/15/2023

Seed

The origin

$10.37M

Yes

1

4/11/2023

Series A

Subscribe to see more

$99M

Subscribe to see more

10

11/28/2022

Series D

Subscribe to see more

$99M

Subscribe to see more

10

Date

11/22/2023

10/8/2023

6/15/2023

4/11/2023

11/28/2022

Round

Series C - II

Series A - II

Seed

Series A

Series D

Company

Quantec

Soldoc

The origin

Subscribe to see more

Subscribe to see more

Amount

$6.9M

$5.2M

$10.37M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

1

10

10

NH Investment & Securities Portfolio Exits

5 Portfolio Exits

NH Investment & Securities has 5 portfolio exits. Their latest portfolio exit was Coreline Soft on September 13, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/13/2023

Acq - Pending

$99M

1

7/28/2022

IPO

Subscribe to see more

$99M

Subscribe to see more

10

7/28/2022

IPO

Subscribe to see more

$99M

Subscribe to see more

10

7/21/2022

IPO

Subscribe to see more

$99M

Subscribe to see more

10

4/13/2021

Acq - Fin

Subscribe to see more

$99M

Subscribe to see more

10

Date

9/13/2023

7/28/2022

7/28/2022

7/21/2022

4/13/2021

Exit

Acq - Pending

IPO

IPO

IPO

Acq - Fin

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

NH Investment & Securities Acquisitions

3 Acquisitions

NH Investment & Securities acquired 3 companies. Their latest acquisition was ST Unitas on October 21, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/21/2022

$99M

Acquired

1

3/23/2021

Series C

Subscribe to see more

$99M

$99M

Subscribe to see more

10

9/24/2015

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/21/2022

3/23/2021

9/24/2015

Investment Stage

Series C

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

Subscribe to see more

Subscribe to see more

Sources

1

10

10

NH Investment & Securities Fund History

4 Fund Histories

NH Investment & Securities has 4 funds, including NH-AJU KOSDAQ Scale-up Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/10/2019

NH-AJU KOSDAQ Scale-up Fund

Expansions & Growth

Closed

$84.1M

1

12/3/2013

IBK-NH Small Giant PEF

Subscribe to see more

Subscribe to see more

$99M

10

9/11/2012

NH-LB Growth Champ 2011-4 PEF

Subscribe to see more

Subscribe to see more

$99M

10

4/15/2011

BLUE OCEAN Corporate's Financial Stabilization PEF No.1

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

6/10/2019

12/3/2013

9/11/2012

4/15/2011

Fund

NH-AJU KOSDAQ Scale-up Fund

IBK-NH Small Giant PEF

NH-LB Growth Champ 2011-4 PEF

BLUE OCEAN Corporate's Financial Stabilization PEF No.1

Fund Type

Expansions & Growth

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Closed

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$84.1M

$99M

$99M

$99M

Sources

1

10

10

10

NH Investment & Securities Team

2 Team Members

NH Investment & Securities has 2 team members, including current Chief Executive Officer, Sang-Il Jun.

Name

Work History

Title

Status

Sang-Il Jun

Chief Executive Officer

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Sang-Il Jun

Subscribe to see more

Work History

Title

Chief Executive Officer

Subscribe to see more

Status

Current

Subscribe to see more

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.