Domestic individual investors have surpassed the milestone of holding over 113 trillion won in overseas stocks, marking a historic high. With the KOSPI index rising by 3 percent in the first quarter of this year, major foreign markets such as the United States and Japan surged by over 10 percent, de
The National Pension Service (NPS) has come out against the reappointment of Cho Won-tae, president and chairman of Korean Air, as an inside director, sparking interest in the reasons behind the move.According to the aviation industry on March 17, the NPS’s Fund Management Committee is expected to v
The won-dollar exchange rate has been on the rise, leading to an influx of foreign selling. The KOSPI index experienced volatility as foreign investors unloaded their holdings, causing it to fall below the 2440 level from the previous day.On the morning of Jan. 18, the KOSPI is indicating a modest r
Amid a decline in overseas real estate prices, funds that invested in offices in the United States and Europe are facing potential losses. It has been estimated that over 1 trillion won was invested in mutual funds that were sold since 2018. The number of investors who have invested in these funds e
The Financial Supervisory Service (FSS) is launching a comprehensive investigation into related securities firms to gather more precise information and evidence regarding the suspected preferential redemption of the “Lime Fund.” Amid allegations that funds were returned only to certain influential f
The author is an analyst for NH Investment & Securities. He can be reached at yd.yoon@nhqv.com -- Ed.Daishin’s earnings turned positive thanks to sound trading sales and gains from overseas real estate. In 1Q23, the firm acquired Kasa Korea, a real estate fractional investment platform, and confirme
Samsung Electronics’ Q1 earnings announcement is scheduled for April 7. Securities firms' operating profit forecast is 720.1 billion won (US$547.3 million), down 94.9 percent year on year. This is the first time in 14 years that the Q1 profit estimate is less than 1 trillion won.SK Hynix posted
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed.Despite its main securities business remaining as solid as others, Daishin Securities turned to net loss in 4Q22 on one-off losses stemming from the booking of additional tax for Nine One Hannam. As
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. Despite being a mid-sized brokerage, Daishin Securities attracted investors’ attention over the past few years, thanks to its: 1) large-scale real estate-related gains; and 2) high DY. However, ami
Samsung Electronics maintained its No. 1 position in the global DRAM market in the third quarter of this year, but its market share dwindled.According to market research firm Omdia, global DRAM sales in the third quarter of this year stood at US$17,548 million, down 29.8 percent from US$24,984 milli
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. Downgrade from Positive to NeutralWe downgrade our investment rating on the domestic securities sector from Positive to Neutral, noting that the securities industry has been negatively affected by
An increasing number of experts are estimating South Korea’s 2023 real GDP growth at less than 2 percent, with its exports falling and domestic demand remaining sluggish.Daishin Securities estimated it at 1.6 percent on Nov. 4. The latest estimates of Hana Financial Group and Fitch Ratings are 1.8 p
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. ESG Digest: Unveiling key ESG factors for consideration by investors Environmental, social, and corporate governance (ESG) initiatives undertaken by a company help to shed light on industry conditions, k
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Due to: 1) recent stock market volatility; and 2) anticipated sound earnings, the attractiveness of financial stocks as high-dividend payers is growing. But, dividend visibility for banking and secur
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. Although we lower TP on Daishin from W23,000 to W20,000 to reflect a general slowdown in the securities industry, we maintain a Buy rating on: 1) the likely reflection of solid real estate financin
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. Boasting a rather unique business structure for a securities play, Daishin Securities is pursuing growth mainly along the two axes of securities and real estate finance business. Although securitie
LG Energy Solution has received preliminary approval for listing on the Korean stock market, the Korea Exchange said on Nov. 30.LG Energy Solution is a secondary battery manufacturer established in December 2020. LG Chem holds a 100 percent stake in the company. LG Energy Solution’s consolidated fin
The South Korean stock market is increasingly decoupling from the U.S. stock market. The latter reached a new high on Nov. 6 and continued to rise on Nov. 7 and 8 whereas the former is still moving around 3,000 points.On Nov. 8, the S&P 500 index rose 0.09 percent to close at an all-time high of 4,7
The Korea Financial Investment Association announced on Sept. 14 that individual stock investors’ money borrowed from securities companies totaled an all-time high of 25,654 billion won on Sept. 13. The previous high is 25,611.2 billion won, recorded on Aug. 18.“The Bank of Korea recently raised the
The stock price of Samsung Electronics fell on July 7 despite the company’s announcement of an earnings surprise. Stock market analysts say Samsung Electronics’ stock price has been stagnant for the past six months, which is an excessively long period, but the stagnation may continue as uncertaintie