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
BOE, China’s largest display company, is predicted to become the largest display supplier for Apple’s iPhone 15 series, which is to come out in 2023.“China’s BOE will become the largest display supplier for Apple’s iPhone in 2023,” said Ming-Chi Kuo, an Apple analyst at TF International Security in
LG Display has unveiled its third-generation OLED TV panel at CES 2023. The new panel is a 60 percent improvement in brightness and 30 percent improvement in viewing angle compared to the previous generation. Specifically, the brightness has been improved from 1,300 to 2,100 nit.The company produced
Samsung Electronics will connect 14 billion Samsung and non-Samsung devices around the world in the upcoming era of hyper connectivity to further enrich user experience, the company's vice chairman Han Jong-hee said in Las Vegas on Jan. 4 (local time).That day, Samsung Electronics unveiled its S
The author is an analyst of KB Securities. He can be reached at yonghyun.choi@kbfg.com. -- Ed. Maintain BUY, raise target price to KRW120,000 We maintain BUY and raise our TP by 9.1% to KRW120,000 (23.0% upside) on CJ ENM. Our P/B-ROE-based TP (7.81% 5y avg. ROE), which reflects changes in valuation