Doosan Bobcat, a construction machinery manufacturing affiliate of Doosan Group, fared remarkably well in the global market thanks to a surge in sales of Doosan Bobcat’s flagship compact equipment products in North America in 2022.Doosan Bobcat ranked 11th in the global market in 2022, up three notc
The author is an analyst of Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.1Q23 review: All-time high OP driven mainly by engine earningsHD Hyundai Infracore posted sales of KRW1.29tr (+11% YoY), operating profit of KRW152.6bn (+46% YoY), and operating margin of 11.8% (+2.7%p YoY) for
Boston Dynamics' quadrupedal robot ''Spot'' will be put into operation at firefighting sites in the United States.According to the New York Times on March 17, the New York Fire Department (FDNY) signed a contract with Boston Dynamics to purchase two Spot units. The canine robot i
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. Jinsung TEC’s 3Q21 earnings arrived somewhat under consensus due to rising steel prices and increased transportation costs. Jinsung TEC’s OPM should climb from 4Q21 thanks to price hikes. We advise
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. Jinsung TEC’s 2Q21 results came in below consensus on cost hikes and a one-off supply chain issue. But, thanks to ongoing US housing market boom and Biden’s US$1tn infrastructure plan, we expect gr
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. We maintain a Buy rating on Jinsung TEC. Thanks to the recovery of the construction equipment market, the firm booked solid results in both China and the US. Supply to new customers is expanding on
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. We raise our TP on Jinsung TEC from W16,000 to W20,000. In addition to stable growth in China, infrastructure investment momentum should become tangible in the US from 2H21. We expect the firm to b
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. Adhering to a Buy rating, we raise our TP on Jinsung TEC from W15,000 to W16,000. Amid an ongoing boom in the Chinese excavator market, the US construction equipment market is now normalizing as we
Hyundai Heavy Industries Group (HHIG) has been selected as the preferred bidder to acquire Doosan Infracore. Once the acquisition process is completed, the group's affiliate Hyundai Construction Equipment, combined with Doosan Infracore, will become the No. 5 player in the global construction ma
Hanwha Defense's armored vehicle "Redback," named after a poisonous spider that kills a snake, will go to Australia on July 28 to win the 5.54 trillion-won Australian Army armored vehicle acquisition project. The Redback has been selected as one of the two finalists. It will compete with the Ger
A shocking incidence happened to a South Korean consumer who was eating Haagen-Dazs ice cream on July 9.Around midnight on the day, a tip was posted on a Korean internet community site saying a 3 cm caterpillar was found in Haagen-Dazs strawberry ice cream. The informant said, “I heard a crunchy sou
It has been found that Doosan Bobcat is considering building a plant in Chennai, India. Doosan Infracore, the parent company of Doosan Bobcat, is signing contracts with local dealers, too.Doosan’s attempt to enter the Indian construction machinery market is because the market is growing rapidly thes
“Absorbing content, seeing entertainment, traveling are things that people will be doing more of,” David Swan says when asked what a future in which artificial intelligence (AI) systems are commonplace. He sees a booming health and fitness industry, people with enough time for cooking and visiting u