We reinstate coverage of SK Innovation. The company looks promising as its: 1)refining margin is on a longer-term uptrend; 2) chemical earnings should keepgrowing amid an expansion phase of the NCC cycle; and 3) shares are offeringhigher dividends while remaining attractively valued.
We recommend BUY a with a 12-month target price of KRW260,000(based on 1.17x2018P/B). The company, as an added bonus, has a battery business that shouldeventually benefit from EV market growth.
The [Fair name] is coming soon. We will join as an exhibiter in [location]. We are supplying [products], and the customers are from all over the world. We are sincerely to invite you to come to visit us. Hoping we will have a chance to talk to you closely.
Booth NO. :
Please kindly take your time to visit us. From now on, we hope to work as your partner and help you to enlarge the business.
We are looking forward to the close and nice talk with you soon.
The [Fair name] again! This is the [company].
Do you know [products] will be the hottest style for 2017? [pictures ].
Please come and visit us at Booth [No.]. [Map ].
We have prepared a hot list for you and you can order immediately for in stock items now.
We hereby sincerely invite you and your company representatives to visit our booth at The [Fair name] from [time] to [time].
We’re one of the manufacturers specialized in [products]. Our new models offer superb design and their new features give them distinct advantages over similar products from other manufacturers.
It would be a great pleasure to meet you at the exhibition. We expect to establish long-term business relations with your company in future.
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