The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Samsung Biologics’ separate 3Q23 OP surprised at W381.6bn, thanks to the ramp-up of plant #4 and improved efficiency and approval timing for batch orders. Now that the firm has reached a reason valua
SK Plasma announced on March 8 that it received final approval for the construction of a plasma fractionation plant from the Ministry of Health of Indonesia.This export is a result of collaboration between the Ministry of Health and Welfare of Korea and the Korean Embassy in Indonesia since 2019. It
Samsung Electronics and SK Hynix have reorganized themselves to respond to a slump in the semiconductor industry. They are seeking to break through the complex global crisis, in which sales are declining due to an economic downturn and the war for supremacy between the United States and China is acc
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Solid fundamentals reinforced by its role as a ‘professional value investor’ are expected to sustain at SK Inc throughout 2022 on both the reinforcement of new growth portfolios centered on fou
Mirae Asset Global Investments has signed a memorandum of understanding with Korean Re to manage the reinsurance company's overseas corporate funds.A signing ceremony was held at the Korean Re Building in Susong-dong, Seoul, on Aug. 29 in the presence of Korean Re CEO Won Jong-gyu and Mirae Asse
ST Pharm announced on May 3 that it has signed a lipid supply contract worth 17.7 billion won with Biotech in North America, starting its global mRNA consignment development and manufacturing organization (CDMO) business in earnest. Lipids are a key raw material for mRNA-LNPs. LNPs refers to lipid n
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. E&Corporation has transformed into an industrial water treatment platform company by acquiring water treatment EPC, liquid designated waste & wastewater treatment, and water treatment O&M fi
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. We expect Lotte Chilsung to see its highest-ever quarterly earnings in 3Q21. Earnings improvement is set to sustain next year on both recovering beverage B2B and soju sales and higher sales of craft b
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Despite US sanctions, China’s semicon technology capabilities are growing. SMEE and Hans Laser are developing lithography equipment, Giga Devices has completed the development of 19nm DRAM, and Huawei
Samsung Life Insurance announced on May 27 that it will acquire a 25 percent stake in Savills IM, a real estate asset management company affiliated with Savills Plc, for 63.75 million pounds. Earlier in the morning of the day, its board approved the matter.Savills IM, headquartered in London has a t
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. We expect Lotte Chilsung to continue enjoying upward earnings movement on: 1) solid new products sales and OEM production at the liquor division; and 2) channel/product diversification and ASP mark-up
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Lotte Chilsung registered a consensus-topping earnings surprise for 1Q21, with OP surging 416% y-y. Moving ahead, the earnings uptrend is set to sustain on: 1) solid new products sales and OEM product
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Target price raised to KRW240,000; Revise up 2021E NP to KRW3tn We maintain BUY on LGE and raise our 12m TP by 10% from KRW220,000 to KRW240,000. We remain optimistic because:(1) H&A/HE earnings should surpass
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Lotte Chilsung turned to OP of W3.3bn in 4Q20. In 2021, we expect its overall earnings to rebound on: 1) new liquor product sales and consignment production of craft beer at the liquor division; and 2
Samsung Electronics will introduce 5G smartphones in the 200,000 won range in 2021. It has secured price competitiveness by applying the joint development manufacturing (JDM) method to Galaxy 5G smartphones.Samsung Electronics is planning to release the Galaxy A22 5G in the second half of 2021. It i
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Backed by peak seasonality (special holidays, etc), Novarex should report ongoing healthy earnings growth (y-y) for 3Q20. However, affected by the re-proliferation of Covid-19, sales likely dipped
The stock price of Samsung Biologics jumped 4.49 percent and regained 500,000 won per share immediately after the opening of the trading session on April 10.The surge was powered by the company’s announcement immediately before the opening that it signed a letter of intent with a U.S. pharmaceutical
The author is an analyst of NH Investment & Securities. He can be reached at will.byun@nhqv.com. -- Ed. POSCO Chem has announced the establishment of a JV with OCI for the production of H2O2. In making the H2O2, hydrogen (raw material) will be extracted from COG generated by POSCO’s coke plants. Whi
Dyson, a British home appliance manufacturer, continues to fall in the Korean premium vacuum cleaner market, losing second place to Samsung Electronics.An industry insider said on Nov. 20 that a recent market survey has found that LG Electronics leads the vacuum cleaner market with a 50-plus percent
Japan’s Sharp will eventually withdraw from the business of manufacturing organic light-emitting diode (OLED) panels for smartphones. The company lost the competition with Korean and Chinese display makers.Sharp shipped a total of 60,000 smartphone OLED panels in the second quarter, according to dat