The author is an analyst of KB Securities. He can be reached at drlee@kbfg.com. -- Ed. Maintain HOLD, cut target price 5.5% to KRW138,000 We maintain HOLD on Netmarble but cut our TP by 5.5% to KRW138,000 to accommodate a 7.8% downward revision to 2022E OP that reflects the disappointing performance
The Ministry of Environment held a groundbreaking ceremony for an ultrapure water demonstration plant at an SK Siltron plant on Nov. 16.The new plant is for the ministry and companies in the industry to domestically develop various technologies related to high-purity industrial water by 2025, exampl
The stock price of LG Innotek is on the uptick as the company is expected to become the biggest beneficiary of Apple's metaverse business and car project.On Nov. 12, the company's stock price closed at 242,000 won, up 4.99 percent from the previous trading day. Compared to one month ago, it
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. We raise our TP on Dongwha Enterprise by 20% to W145,000, reflecting a change in base year for our TP calculations. With a US capacity expansion looking increasingly likely, we believe that expans
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. During its 2021 HYBE Corporate Briefing held on Nov 4, HYBE announced its: 1) entry into the NFT market; 2) consolidation of fan community platforms; 3) release of interactive games; and 4) expansi
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. With its acquisition of HCN now completed, SkyLife’s pay-TV subscriber numbers and earnings are primed to grow. Moving ahead, the M&A should drive up SkyLife’s EV by boosting the competitiveness
Standigm Inc., a workflow artificial intelligence (AI) drug discovery company, announced on Nov. 8 that the company has established a synthetic research center in the headquarters of SK Chemicals Co., a life science and green chemicals company.Standigm has dramatically improved the R&D productivity
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY, raise target price 16.3% from KRW430,000 to KRW500,000 We maintain BUY and raise our TP by 16.3% from KRW430,000 to KRW500,000 on HYBE. OP reached a record high in 3Q21, as core businesses conti
Shinhan Financial Group will take over BNP Paribas Cardif General Insurance, a foreign non-life insurance company.The takeover of the non-life insurance company is intended to acquire the last component needed to become a general financial group. The group launched Shinhan Life Insurance, which was
Korea Western Power will develop a system to recycle biogas from livestock waste and sewage into fuel cells.The state-run power company signed a business agreement on Oct. 22 with KEPCO E&C and Doosan Fuel Cell to jointly promote a fuel cell development project using biogas.The three companies plan
The Korea Institute of Energy Technology (KENTECH) announced on Oct. 20 that it has finalized the appointment of Professor Ryoo Ryong, a world-renowned scholar in the field of functional nanoporous materials, as a chair professor.Professor Ryoo obtained a doctorate degree from Stanford University an
The Korea Advanced Nano Fab Center (KANC) announced on Oct. 17 that it has developed a technique for metal organic chemical vapor deposition-based growth of an EPI wafer for manufacturing an indium phosphide (InP) high-electron-mobility transistor (HEMT) device for high-speed communication.An indium
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed.Cheil Worldwide is to report record-high OP (estimated at W68.3bn) once again for 3Q21. On top of stable new product marketing execution by captive clients, the company possesses healthy growth pote
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Krafton’s IP power secured via PUBG is to continue on the back of the release of PUBG: New State in October and Callisto Protocol in 2022.Entering full-fledged growth periodWe initiate coverage o
The author is an analyst of KB Securities. He can be reached at goun.whang@kbfg.com. -- Ed. SK materials to be absorbed into SK Inc.— SK materials announced in its disclosure on Aug 20 that it would be absorbed into SK Inc. (SK), the investment and holding company of SK Group. SK materials sharehold
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Given its rapidly growing filter business, sustainable mask division earnings, shareholder-friendly policies backed by strong cash reserves, and inorganic growth potential, we believe that C
The author is an analyst of NH Investment & Securities. He can be reached at ys.hwang@nhqv.com. -- Ed. Having officially established a silicone additive business, Hansol Chem is to become a mainstream materials player in the rechargeable battery market in addition to the semiconductor market. Lookin
The Korea Institute of Machinery and Materials (KIMM), an institution under the Ministry of Science and ICT, has developed an innovative process that uses renewable energy to produce ammonia at room temperature and normal pressure. This innovative technology is expected to dramatically contribute to
A skin disease that broke out among painting workers at Hyundai Heavy Industries (HHI) shipyards turned out to be caused by a solvent-free paint that the shipbuilding company claimed to be eco-friendly.The Ministry of Employment said on Aug. 1 that the skin disease that began to be found in HHI pain
Korea Water Resources Corp. (K-Water) is expanding its investment to develop ultrapure water (UPW) production technology, the foundation for the semiconductor industry. K-Water has set the goal of overtaking Japan, the world's leader, by leading technological innovation in all areas of ultrapure