I sent a text message to Eunyeong.
[I'll be a little late this evening because I have to meet a guest.]
[Are you coming in after dinner?]]
[Yes, so don't wait for me and eat first.]
[Okay. Don't drink too much.]
I went to Banyan Tree Hotel to eat out yesterday.
So I did not complain much about the fact that Eunyeong is coming in late today.
I went to Jamsil Lotte Hotel around 6 pm.
I took the elevator to the 32nd floor of the Chinese restaurant Dowon.
The branch manager of the securities firm came first and was looking hard at the smartphone.
"You're a little late. I'm sorry."
"Cha, isn't it? I should have gone to Yeouido, didn't
"No, it's fine here, too."
I decided to order a course meal.
"What shall I drink?"
"Let's just go with Jing Jiu. The price of alcohol here is very high, so I brought it separately."
The branch manager took out a bottle of alcohol from his shopping bag.
It was Maotai, a Chinese silk.
"Then should I cancel Jing Ji-woo?”
"No, we can't bring alcohol, so we can order Jing Jiwoo and drink Maotai."
"Can I?”
The branch manager bragged about Maotai.
"This liquor was given to me by a staff member during his business trip to China. People in China make poor industrial products, but they make good alcohol."
The branch manager poured me a drink and drank himself.
"Oh! That'sir.
The branch manager looked like a real drinker.
I thought it was all like that in Chinese, but the branch manager didn't.
The branch manager pretended to drink Jing Jiwoo when the restaurant employee came in, but drank Maotai when the employee left.
He seemed to really enjoy the form of closing his eyes gently when he was drinking.
"You like to drink."
"Not really. Let's have a drink like this if you like this. Nowadays, high-quality liquor such as high-quality liquid and crystal rooms come out in China, but Maotai was the best in the past."
"Is that so?"
And the branch manager told me good words about pork cutlet and draft beer.
"This is the liquor Mao Tse-tung served when President Nixon made a state visit to China in 1972 with Henry Kissinger."
The branch manager emptied the glass.
I filled the branch manager's empty glass with Maotai.
"This is also a drink that I asked to drink as a celebratory drink when the Chinese troops who participated in the Korean War returned to Beijing. It's also in the documentary that Zhou Enlai asked me to drink Maotai, a Chinese silk drink, because he won the war."
"Win the Korean War? When did they win?”
"The Korean War is called the War of Anti-U.S. Assistance and China promotes it as a war in which they defeated the U.S. and won. They helped us win the Vietnam War, and Japan also said they won the war by fighting against Japan."
"Ha, you all won. Even after it was broken like that's what happened. That's a great soup."
"By the way, what are you going to say to me today?"
"It's been a long time since I met the branch manager, and I wanted to meet you to thank you for recommending good employees. I also thought that there was a lot to learn from my junior colleagues when I met and talked about the world."
"Oh, my God, you're doing great, aren't you? You have a manufacturing company in Uiwang and a landmark E Tower building in Yeouido. You're so young."
"I didn't do it alone. It was acquired jointly with an American private equity firm called Woods & Moore. We have a lot of fans."
"Anyway, isn't that all you have to do? Director Chang told me that you can do all the interest carvers with just the rent income."
"That's true."
"That's enough. Isn't the real estate price going up and the rent going up according to the inflation rate more than the income from the bank interest or government bonds? So isn't the boss holding the building?"
"That's true."
"Good catch. Real estate doesn't go bankrupt, does it? Business is very difficult these days. They say everything is difficult except for a few large companies.“
"Is that so?"
"I'm under a lot of pressure from the company because I don't think the stock market is doing well these days."
"Why? Things like SillaJen are going up well these days."
I asked a question of SillaJen.
"Sinrazen? I've already received a lot of calls from customers today. Most of the calls come from SillaJen today."
I pulled my chair close and asked.
"So what did the branch manager say?”
"I said short-term high point.”
"So that's the story of flowing down.”
"Did JS Invest invest its customers' money in SillaJen?"
"No, I think one of my close relatives bought this."
"Are relatives long-term investments? Is it a single investment?”
"I think it's a long fight."
"Then there's nothing to worry about. Wouldn't you know better than I do?"
"That's what I see..."
"Our pharmaceutical and bio analysts at our brokerage house are sticking to prudence for now. It's been rising steeply, but isn't SillaJen still in the red?"
"You mean we can confirm our investment opinion only when we get our clinical results."
"Yes, it's hard to predict the outcome.”
"We'll have to wait and see."
"Yes, I'll have a warning if I don't miss it again early next week."
"Wouldn't it pop once more if I got the warning ticket off?”
"Well, I don't have any clinical results... so it's been nine months since SillaJen was listed on the KOSDAQ, but none of the securities firms offered investment opinions or target stock prices. That's how hard it is to predict."
I smiled and bowed my head and said,
"Honestly, do securities experts offer a lot of targeted stock prices?”
"Haha, boss. What's wrong with you? I'm out of alcohol. Let's have a drink.“
Then the branch manager poured Maotai into my glass.
"Come on, have a drink.”
The branch manager of the securities firm hit the glass with a cute little glass.
I only put a little bit of alcohol in my mouth, but the branch manager poured it in.
It was a course meal, so the waitress continued to come in and bring food.
said the branch manager.
"Our sales last year were 5.3 billion won, but we lost 46.8 billion won. Last year and the year before last."
"But is it because if something is developed, it's going to be awesome?"
"There's something hard to explain. The average trading volume of SillaJen was 8.37 million shares on the last 12 trading days. The average for the last 12 trading days is 680,000 shares, which is an increase of 1,125 percent."
"That means you're getting that much attention."
"I tried calling SillaJen. They said they're also considering large-scale IRs in the second half of the year because of the recent surge in trading volume and stock prices in a short period of time that has increased market interest."
"I'll tell you a rose-colored story in IR. So the ingredients are still alive."
"We are concerned about the significant increase in short selling."
"However, the volatility of stock prices must be quite high since the number of shares in circulation is so high."
"You've seen it. SillaJen has more than 30,000 minority shareholders. It's 81% of course. The largest shareholder has a 7.95 percent stake, and the stakes in the relationship are 14 percent."
"The volatility of the stock price must be great."
"The current upward trend is burning, and if we keep getting good news, we'll go up. But if you hear bad news, it's going to be as volatile as it has soared.“
"But is that anti-cancer drug working out well?”
"Wait a minute. I'll check with my relative's brother, who works at a pharmaceutical research institute."
The branch manager spoke to someone for a long time.
From the flow of professional medical terms, it was clear that the other person was working at a pharmaceutical research institute.
After hanging up the phone, the branch manager drank another Maotai.
The licking of his tongue really made him look like a drinker.
"What does the caller say?”
"Sinrazen's innovative drug, REGN2810, is jointly developed by the U.S. Riseneron Company and kidney cancer patients. We're going to enter the Global Clinical Phase 1/2 this year."
"That sounds like a story that's been in the media once."
"The REGN2810 will also be designated as a screening fast track and will be applied to the US FDA in the first quarter of next year."
"I don't know what it is, but it's got the ingredients.”
"Yes, as long as the ingredients are available, SillaJen will be alive and moving."
"Do you see it that way?"
"In addition, SillaJen, along with its European partner, Transjin, is cruising through the top three global awards for Pexaback liver cancer patients at the European Cancer Society."
"Then there's a high probability that SillaJen's stock will be warned and move again."
"If it's a long-term investment, just take it, and if it's a short-term investment, I think it's better for me to realize my profit and open my hands. Pipeline's attractive, but you also have to manage risk."
"Well, you're thinking the same thing as I am."
The waiter brought the food again.
The branch manager quickly hid the Maotai liquor bottle. When the waiter went out, the branch manager poured the wine into my glass and said,
"Do you like Maotai?"
"Good."
"But if you look at the third-rate martial arts magazine, isn't it bamboo-leaved rice wine or Yeo Ah-hong? In particular, there are many such sentences written by third-rate martial artists."
"I think I've seen it once."
"Juyeop cheongju or Yeo Ah-hong are cheap liquor. That's probably because the martial artist hasn't had a drink like this. I guess it's because I sat down and drank cheap beer with pork cutlet snacks."
The word "pork cutlet" made my heart water.
It was because I often do the same.
It seemed to me that I made a lot of money, but I still had a knack for it.
I'm not from a gold spoon in my mouth like a G-group rascal or the president of his friend, EMZ Eset.
I didn't think I could throw this habit away until I died.
That was the same as Samsung founder Lee Byung-chul's liking for soybean paste stew and Kolon's liking for jajangmyeon.
said the branch manager, pouring a glass of Maotai back into his mouth.
"I think there's enough upward momentum because it has materials for ongoing clinical trials and IRs."
"If you look at it like that, maybe the current price of 40,000 won is low."
"Yes, but bio shares need to manage their risks. If the clinical trial fails and falls sharply, it should be a weight that won't be lost. That's why if it's a long investment, we'd better take it as it is."
I nodded.
I asked one more question.
said in a low voice, with his head down.
"I hear rumors that some influential political figures have invested in this, right?"
"Well, I don't know that much. But there are 30,000 minority shareholders, so there are all sorts of people, right? Hahaha."
When we broke up, I couldn't drink well, so Mai Thai still has half more to go.
The branch manager took Maotai back and put it in his shopping bag. I said I'd leave it at home and drink it.
The next day came.
SillaJen Company's answer to the disclosure request came out.
[We reviewed the matter in relation to the request for inquiry disclosure to the Korea Exchange (2017.09.14), but there is no important information to disclose in relation to the recent significant market fluctuations (stock price increase, etc.)]
It was as I expected.
Pre-announcement of designation of investment warning items