What smart money is saying about Gabia
079940.KQ
No fund has written a full thesis on Gabia in our archive, but 1 fund letter reports a position in it, most recently AVI Global Special Situations in July 2026.
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1
Reported positions
0
Bought
1
Sold
1
Letter
Position history
Every position in Gabia on record in the archive was reported in Q3 2026, across 1 fund letter, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 1 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 1 position · 1 move
- July 2026
“GABIA: GABIA is a Korean-listed holding company and technology platform operating across Korea’s digital infrastructure market. Founded in 1999, the company has evolved into three principal businesses: cloud and IT services, internet domains and web hosting, and network security. It is Korea’s largest domain-registration provider, with more than 65% market share, while its cloud and IT services business benefits from low customer churn and recurring revenues from website-domain customers. The group has delivered revenue growth of 9% CAGR over the past twenty years. On top of the high-quality business model, the company’s balance sheet is significantly overcapitalised, with three listed stakes and a portfolio of real estate amounting to c.77% of market cap. During the month, the company received an unsolicited tender offer from Macquarie at KRW48,000 per share, resulting in a 58% increase in the share price. We believe the proposal significantly undervalues the company, both relative to the value of its underlying assets and the earnings potential of its core operations. The offer has also been opposed by activist investors Align Partners and Miri Capital, which together own close to 40% of the shareholder register. They have argued that the offer price does not reflect fair value and that the process falls short of appropriate governance standards for a going- private transaction. While the share-price reaction narrowed the discount, we reduced the position by c. 1/3rd during the month.”
Gabia
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