The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.In contrast to market concerns, KT should report healthy 2023 OP, as various expenses that occur each 4Q likely eased. We anticipate solid earnings at major subsidiaries and expect a highlighting
Samsung Electronics hosted the “Samsung Memory Tech Day 2023” on Oct. 20 (local time) at the McEnery Convention Center located in the Silicon Valley. At the event, Samsung showcased several groundbreaking memory solutions, including: the ultra-high-performance HBM3E DRAM Shinebolt, leading the innov
Correction 6/14 7:51am KST: A previous version of this story incorrectly stated that Altos Ventures had completed the 1st fundraising for the Altos Korea Opportunity Fund, instead of all fundraising. It also incorrectly named one contributor to the fund, which has been removed.Altos Ventures, a U.S.
Pulmuone announced on March 12 that it participated in the Natural Products Expo West 2023 which ran in Anaheim, California in the United States from March 8 to 11 (local time).The Natural Products Expo West 2023 is the world’s largest expo, celebrating its 42nd year. This year 3,182 companies parti
Pulmuone, one of Korea’s leading companies for wholesome foods, has sponsored the Global Plant-Forward Culinary Summit 2022 hosted by the Culinary Institute of America (CIA), one of the world's leading food research institutions, to showcase its sustainable, plant-oriented foods made with its to
The authors are analysts of Shinhan Investment Corp. They can be reached at sh.kim@shinhan.com and mintz95@shinhan.com, respectively. -- Ed. Over-20% YoY growth continues for both sales and OP in 4Q21NICE Information Service posted strong earnings growth through 4Q21 with sales reaching KRW133bn (+2
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain Buy and TP of KRW153,000 We maintain BUY on Kiwoom Securities and our TP of KRW153,000, given the following:(1) Valuations are compelling thanks to robust profitability despite investor concerns.(2) Ea
Startup Alliance Korea said on Dec. 9 that this year’s domestic startup investment is expected to exceed 20 trillion won.Last year, the investment was approximately 11.6 trillion won, consisting of 9.0815 trillion won from the government and domestic investment companies and 2.5 trillion won or so f
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Despite some risk factors, such as declining stock trading value and intensified competition, we believe that Kiwoom Securities shares remain excessively undervalued.Lower TP to W160,000We lower our
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. The macroeconomic environment for the securities sector is likely to be somewhat unfavorable next year, given the slowdown in stock trading value and interest rate hikes. However, we believe that cur
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. The domestic securities industry is to face a serious challenge in 2022. In addition to high base effect (record-high stock transaction value booked in 2021), rising interest rates should result in a
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. In 2022, major financial groups are forecast to deliver further record high earnings following 2021. Helped by rising benchmark rates and market interest rates, NIM is set to improve. Although househ
South Korean unicorns such as Viva Republica, Zigbang, Yanolja and Musinsa are expanding their business by acquiring startups and subsidiaries of larger companies.For example, Viva Republica, which runs Toss, recently acquired Tada in order to expand its business beyond the financial industry and do
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. 3Q21 review: Sound earnings meet expectations KBFG’s 3Q21 results release shows its highest-ever consolidated NP for a 3Q. All of the firm’s business arms reported sound earnings. The firm’s NIM impr
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. We expect Toss Bank to secure users quickly thanks to its strong platform power and aggressive marketing. However, achieving long-term stability is to hinge upon securing quality mid-interest loans.L
The author is an analyst of Shinhan Investment Corp. He can be reached at sh.kim@shinhan.com. -- Ed. Temporary slowdown in sales and operating profit growthNICE Information Service posted operating profit of KRW20.6bn (+4.6% YoY) on sales of KRW122.2bn (+3.8% YoY) for 2Q21. The shares have recently
A total of 10 South Korean startups attracted an investment of at least 100 billion won each between January and July this year. For reference, the number stood at four in 2020 as a whole. Half of the 10 startups are aiming to go public abroad.The 10 include Yanolja, IYUNO Media and Riiid, which hav
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. We initiate coverage on the banking industry with a Positive stance—sector earnings, business environment, valuations, and dividends all look sound. We offer KBFG as our top pick and HFG as our secon
The author is an analyst of Shinhan Investment Corp. He can be reached at sh.kim@shinhan.com. -- Ed. Benefits expected from MyData, Toss Bank and Kakao BankWe believe NICE Information Service will continue to enjoy trickle-down benefits from the government’s fintech innovation policies. A total of 2
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. NBT is a reward ad platform operator. It combines the earnings stability of Cashslide (B2C) and high growth of Adison Offerwall (B2B). Amid offerwall market growth, NBT stands to benefit significan