Industrials
Much deeper automation looks like the only realistic solution to S.Korea’s fertility / working age population crisis - Doosan with its 90.9% stake is aiming to IPO Doosan Robotics in H2 this year, which is expected to be worth 1trn+ KRW, and the spin out will become one of the few global pure-play ‘cobot’ names. The group also fits the energy transition theme - Doosan Enerbility has been busy strengthening its small modular reactor and liquefied hydrogen businesses. Sean Maher replaces THK (+67% since inception; more fully valued) with Doosan in his automation basket (+120%), and once the robotics IPO is complete, Doosan will move into his energy transition basket (+230%).
Edition: 156
- 17 March, 2023