With imported cars expanding their market share in Korea, luxury imported cars worth more than 100 million won are enjoying strong sales.Imported cars worth 100 million won or higher sold 39,965 units in the first seven months of the year, accounting for 23.2 percent of the 172,146 imported cars sol
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. The failure of Summoners War: Lost Centuria is dampening Com2uS’s earnings expansion. We advise investors to take a conservative approach until the firm’s next anticipated title delivers meaningf
The author is an analyst of KB Securities. He can be reached at drlee@kbfg.com. -- Ed. Maintain BUY, target price of KRW210,000 We maintain BUY and TP of KRW210,000 on CJ ENM. Our TP, derived using the DCF model (7.77% WACC, 2.1% TGR), implies 22.0x P/E. We see the company enjoying both growth in ne
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 2Q21 OP tops consensus at KRW387.1bn (+57% QoQ)Hyosung TNC reported operating profit of KRW387.1bn (+57% QoQ) for 2Q21, exceeding the consensus estimate of KRW326.3bn. Operating profit from s
The author is an analyst of Shinhan Investment Corp. He can be reached at mj1224@shinhan.com. -- Ed. 2Q21 operating profit reported at KRW21.5bn (+9.8% QoQ)AfreecaTV posted operating profit of KRW21.5bn (+9.8% QoQ) on sales of KRW65bn (+6.7% QoQ) for 1Q21, coming in slightly above the consensus esti
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Overall nationwide, the number unsold apartments remained healthy in May, totaling around 16,000 units. But, a slight uptrend in unsold apartment volume has been appearing since March in Daegu, U
Following Hyundai Motor, Kia Corp. and GM Korea, Renault Samsung Motors has halted its Busan Plant due to a semiconductor shortage. The Renault-Nissan Alliance, to which Renault Samsung Motors belongs, announced a cut in production in February due to a lack of semiconductors.Renault Samsung Motors d
Hyundai Motor Co. and Kia Corp. are enjoying strong sales in the United States and Europe. But the two Korean carmakers are struggling in the Chinese market.Hyundai Motor and Kia sold a combined total of 249,233 vehicles in China in the first half of 2021. This is a 10.8 percent decrease compared to
Hyosung Group's market capitalization has tripled in a year, surpassing 10 trillion won for the first time since its foundation. The growth was led by its three listed affiliates -- Hyosung T&C, Hyosung Advanced Materials and Hyosung Chemicals.Hyosung Group has five listed affiliates, including
Last month, Hyundai Motor Group, GM Korea, Renault Samsung Motors and SsangYong Motor sold 134,761 and 522,786 cars at home and abroad, respectively. The domestic sales volume showed a year-on-year decline of 23.6 percent, whereas the overseas sales volume rose 32.5 percent from a year earlier.Hyund
SsangYong Motor Co. announced on July 1 that the company sold a total of 8,504 units in June 2021 – 5,724 units in domestic sales and 2,780 in exports.SsangYong’s sales exceeded 8,000 units for the second straight month on the back of the rise in the domestic sales thanks to the upgraded models incl
Samsung Electronics introduced on June 29 its One UI Watch user experience at Mobile World Congress (MWC), which kicked off in Barcelona this week.The new interface is designed to make the Galaxy Watch and smartphone experience more deeply connected. Samsung also confirmed that One UI Watch will be
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. We raise our TP on CJ ENM to W230,000. With all divisions showing upside potential, we draw attention to the media division, which is benefiting from an ad market recovery and rising number of TVIN
American car brands ranked second in the imported car market in Korea in 2020, beating those of Japan.The Korea Automobile Industry Association (KAMA) announced on June 27 that it analyzed automobile exports and imports between Korea and the United States to mark the 10th anniversary of the Korea-U.
Hankook Tire announced on June 22 that the company is now ranked sixth in the 2020 global leading tire manufacturers released by the renowned British tire magazine Tyrepress, improving from the seventh place a year ago.Tyrepress’ ranking of the world’s top tire companies is based on the revenue. Han
LG Electronics has released the industry’s first 83-inch OELD TV model to cement its position in the global super-large premium TV market.The company said on June 20 that the 83-inch OLED TV model will hit the global TV market, starting with Korea and the United States in June. Its diagonal length i
The authors are analysts of Shinhan Investment Corp. They can be reached at eoyeon.hwang@shinhan.com and younghoon.song@shinhan.com, respectively. – Ed. Capesize rates rebound with BDI reaching 2,944p (+17.8% WoW)The Baltic Dry Index (BDI) fell 25.6% in the one-month period ending June 8, putting an
SK Telecom announced on June 10 that its board of directors has approved the plan to split the company into SK Telecom (surviving entity) and SKT Investment (new entity, tentatively named) through a horizontal spin-off. The spin-off ratio has been set at 0.6073625 (surviving entity) to 0.3926375 (ne
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Details of planned spin-off announced on Jun 10— SK telecom (SKT) on Jun 10 revealed details of its planned spin-off (mainstay telecom business vs. intermediary holding company), first announced on Apr 1
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. For the media/entertainment industry, the key phrase for 2H21 is to be ‘earnings recovery following vaccination’. Market interest is to focus on the businesses which show earnings recovery rather t