http://www.djmarkanthony.com/djia-index-returns-2009/
Fisher Korea Latest Update Lotte Chilsung absorbs liquor affiliate by Fisher Capital Management Korea News
SEOUL, July 28 (Yonhap) — South Korea’s top soft drink maker Lotte Chilsung Beverage Co. said Thursday that it decided to absorb and merge with Lotte Liquor BG Co., its alcoholic beverage affiliate, to boost shareholder value.
Lotte Chilsung said the merger will take effect on Oct. 1, and the merger ratio will be 1:0. Lotte Chilsung holds a 100 percent stake in Lotte Liquor.
“The merger is aimed at maximizing shareholder value by improving our earnings structure and laying the foundation for sustainable growth,” Lotte Chilsung said in a statement.
Lotte Chilsung set up Lotte Liquor in 2009 when it took over the liquor business of Doosan Corp. for 503 billion won (US$447.9 million).
Lotte Chilsung reported 1.3 trillion won in sales in 2010, with Lotte Liquor’s revenue reaching 404 billion won in sales. Lotte Chilsung is a subsidiary of Lotte Group, one of the leading conglomerates in South Korea.
Shares of Lotte Chilsung rose 0.14 percent to 1.46 million won on the Seoul bourse as of 10:45 a.m.
Market Overview December 2009: Fisher Capital Management
Market Overview December 2009: Fisher Capital Management – Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.
Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.
For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month.
Market Overview December 2009: Fisher Capital Management – Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of “risk” had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developed markets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1%, adding to their impressive year-to-date (YTD) returns.
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Fisher Capital Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world. As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.
2009 Stock Market Returns -The Dow Holds the TITLE, its time to Celebrate!