SK on, a battery subsidiary of SK Innovation, a leading global battery manufacturer, announced today it will showcase battery cells highlighting advanced fast-charging solutions along with various products demonstrating its latest R&D achievements at the upcoming battery exhibition in Seoul.The Adva
The author is an analyst for Shinhan Securities. He can be reached at bh.lee@shinhan.com -- Ed.3Q23 review: Profits hit by weak GDR sales and high overseas SG&AGolfzon posted consolidated sales of KRW170bn (-3.4% YoY) and operating profit of KRW27.5bn (-38.7% YoY) for 3Q23, missing our estimates by
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We downgrade our rating on the petrochemical industry to Neutral. Significant demand improvement is unlikely in 2024, and both oversupply and burdensome oil price levels are likely to persist. In our
Tensions and conflicts are intensifying in the “semiconductor war” between the U.S. and China. As the first anniversary approaches of the U.S. government’s decision to restrict exports of semiconductor chips and equipment to China on Oct. 7 of last year, an update on policies regarding “Artificial I
Korean Actress Hyeri, who is also a former member of Korean girl group “Girl’s Day,” revealed that she did not receive a refund after having her airplane seat unilaterally downgraded. Therefore, Delta Air Lines offered an apology in a statement.According to Delta Air Lines, some first-class passenge
International credit rating agency Moody’s revised SK innovation’s rating outlook to stable from negative on Aug. 16. Its rating remained at Baa3.Moody’s categorizes a company’s credit rating from Aaa to C and evaluates its ability to repay its principal and interest. The outlook is a forecast of ho
Lotte Chemical’s share price plummeted to its lowest level of the year on Aug. 9. Goldman Sachs, providing a bearish outlook, set a target price of 100,000 won for Lotte Chemical, suggesting it could fall about 30% more, after it had dropped over 6% on the day.According to the Korea Exchange, Lotte
The recent downgrade of the United States credit rating by Fitch due to fiscal deficits and government debt holds important lessons for South Korea, which finds itself grappling with an inability to break free from the addiction to expanding its fiscal measures. Under the stewardship of the Moon Jae
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.While we raise our TP to W560,000 on a change in valuation method, we downgrade our rating to Hold considering restricted upside potential.Valuation method changed to reflect rise in mid/long-term
On the 24th, the Ministry of Land, Infrastructure and Transport announced the results of the 2022 Air Traffic Service Evaluation, which assessed user satisfaction and comprehensive service quality for 10 national airlines, 16 foreign airlines, and six major international airports.As a result of the
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Glovis’s 1Q23 results met market consensus, with better-than-expected CKD volume, despite lower forwarding revenue and reduced high-margin PCC spot freight. The firm’s valuations remain at historic lo
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We forecast 1Q23 OP growth of 10% y-y at Megastudy Edu. Despite high-base effect, earnings remain more stable than feared at all business divisions. Noting the firm’s mid/long-term growth potential,
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.We lower our TP on Nasmedia by 22% to W35,000 on downwardly adjusted earnings estimates to reflect weaker profitability due to increased structural costs. However, we maintain a Buy rating, foreseein
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Regulations surrounding the telecom service industry are intensifying. KT’s CEO appointment process has failed multiple times, and SKT has launched an intermediate rate plan, with the two other tel
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed.Downgrade from BUY to HOLD; Maintain TP of KRW28,000 We downgrade our rating for Korean Air from BUY to HOLD, but maintain our TP of KRW28,000. While shares have gained 5.0% over the past three months, narr
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
Lotte Chemical plans to hold a board of directors meeting this week at the earliest to finalize a plan to increase capital. While a paid-in capital increase of at least one trillion won is likely, the company is expected to review other funding methods such as bond issuance and borrowing from financ
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. We lower our TP on CJ Logistics by 27% to W128,000 in light of rising courier costs and declining global forwarding profitability. In our view, share price decline already reflects the slowdown in pa
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. The Fed is facing the trilemma of balancing: 1) inflation; 2) financial stability; and 3) economic growth. The solution is to persuade the market that ‘bad is bad’ by easing financial regulations, a
The author is an analyst of Shinhan Investment Corp. She can be reached at hpark@shinhan.com. -- Ed. 3Q22 earnings to disappoint due to weak China demandLG Household & Health Care is expected to have recorded consolidated operating profit of KRW232bn (-32.2% YoY) on sales of KRW1.86tr (-7.5% YoY) fo