The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain HOLD, target price of KRW16,000 We maintain HOLD and TP of KRW16,000 on LGD. The stock has rallied 29% YTD to 0.68x 2023E P/B, driven by: (1) possibility of demand for large-size OLED (WOLED) panels re
Samsung Electronics launched a new organic light emitting diode (OLED) TV in the Korean market for the first time in 10 years, declaring a duel with LG Electronics.The company announced on Feb. 20 that it has started to receive pre-orders for new 2023 TV models such as Neo QLED and OLED TVs. Prior t
Chinese companies are increasing their market shares in Russia, where a large number of South Korean companies stopped doing business after the outbreak of the Russia-Ukraine war.According to market research firms, Samsung Electronics’ smartphone market share in Russia dropped from 26 percent to alm
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed.Megastudy Edu’s 4Q22 results missed consensus due to low seasonality and ad/promotion expenses for the elementary/middle school business. In 2023, the expansion of high school offline academies shou
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.VS revenue to see record highsㅡ According to LGE on Feb 13, 2023, revenue for VS (Vehicle Component Solutions) has reached a record high, with its 2022 figure accounting for 10.4% of company-wide revenue. For 20
The author is an analyst of KB Securities. He can be reached at yonghyun.choi@kbfg.com. -- Ed.4Q22 review: OP misses market consensus— Studio Dragon posted 4Q22 revenue of KRW190.5bn (+28.8% YoY) and OP of KRW1.2bn (-81.4% YoY; 0.6% OPM), missing the market consensus.— The no. of aired episodes was
The author is an analyst of KB Securities. He can be reached at yonghyun.choi@kbfg.com. -- Ed.Maintain BUY; TP raised to KRW130,000 We maintain BUY on CJ ENM and raise our target price by 8.3% to KRW130,000 (15.8% potential upside). Derived using the P/B-ROE model (7.58% 5y avg. ROE), our TP has bee
The authors are analysts of Shinhan Securities. They can be reached at jhwon@shinhan.com and snowKH@shinhan.com, respectively. -- Ed.4Q22 review: Earnings in line with market consensusJeisys Medical posted consolidated operating profit of KRW9.1bn (+35.9% YoY, operating margin of 28.6%) on sales of
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.Expect earnings growth across the board We maintain BUY and TP of KRW130,000 on LGE. We expect 1Q23 earnings to substantially beat the market consensus, with all divisions delivering growth:(1) H&A earnings shou
Samsung Electronics and Nanoco Technologies recently announced that they have ended their lawsuit regarding five quantum dot patents. Samsung Electronics is supposed to pay US$150 million to the U.K. company.Nanoco Technologies filed the suit in 2020 with the U.S. District Court for the Eastern Dist
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Despite a decline in CATV subscriber numbers, LG HelloVision is well defending its top line thanks to steady sales at its high-speed internet and MVNO businesses.Well maintaining earnings stabili
LG Electronics (LG) has made the Apple TV app, Apple Music, AirPlay and HomeKit available on its webOS Hub in over 100 countries and regions.Through this move, compatible TVs now offer an easier, more versatile smart TV experience thanks to a diverse selection of content and innovative features.The
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.Inventories to decline over time We maintain BUY and TP of KRW80,000 on SEC. Inventories (excl. memory chips) for consumer electronics (incl. TVs) and smartphones have fallen to normal levels, significantly alle
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.Maintain target price of KRW130,000; top Technology pick We maintain BUY and TP of KRW130,000 on LGE. We present LGE as our top Technology pick, as HE/VS/H&A’s high sales contributions from Europe should make th
Samsung Electronics and LG Electronics are working on special measures to cope with the steep drop in sales of home appliances.Samsung Electronics has recently divided the Kitchen and Living Development Groups under the Development Team of the Home Electronics Division into five development groups -
Samsung Display announced on Jan. 24 that it has succeeded in developing the world’s first large-area touch-integrated OLED display. The company has expanded the application of touch-integrated display technology from smartphone OLED panels to medium-sized notebook OLED panels. Samsung Display start
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.Maintain HOLD, target price of KRW16,000 We maintain HOLD and TP of KRW16,000 on LGD. We see (1) the mid-/large-size LCD (TV, IT) and large-size OLED (WOLED) segments remaining in the red as the global economic
LG Electronics stands out in the Middle East market, where preference for premium products is high among consumers. In particular, the Korean home electronics giant ranked first in the organic light-emitting diode (OLED) TV market with a share of up to 80 percent, a survey has found.LG Electronics a
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. We expect Studio Dragon to report a 4Q22 earnings shock due to subsidiary-related PPA amortization expense and the limited reflection of Island sales. However, the firm has plenty of global OTT ori
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. CES 2023 highlighted the popularization of XR, mobility technology, and AI, and decreased interest in existing IT devices such as home appliances, PCs, and smartphones. The showcase company was So