Samsung Electronics and LG Electronics recorded an earnings surprise in the first quarter, but from the second quarter, COVID-19 is expected to weigh heavily on them. A drastic reduction in consumption and a long-term closure of domestic and international distribution outlets are expected to lead to
The author is an analyst of NH Investment & Securities. She can be reached at jy.lee@nhqv.com. -- Ed. GS Retail announced a 1Q20 earnings surprise, with its results significantly exceeding both consensus and our expectations on increased efficiency at the SSM division. Future earnings momentum is to
The author is an analyst of NH Investment & Securities. She can be reached at jy.lee@nhqv.com. -- Ed. [Lotte Shopping] Business conditions difficult, but look forward to restructuring and online channel launch benefitsWith Covid-19 effects being inescapable, Lotte Shopping’s 1Q20 earnings are to com
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. Despite reduced sales due to the completion of the Rotan Project, SHI succeeded in cutting its operating deficit by a significant amount in 1Q20. However, due to Covid-19, the firm’s one-off c
Samsung Heavy Industries announced on April 27 that its operating losses totaled 47.8 billion won in the first quarter of this year, up 14.5 billion won from a year ago and down 78 percent from the previous quarter.The company’s Q1 sales added up to 1,826.6 billion won, up 25.3 percent from a year e
Doosan Group announced on April 27 that it has submitted its final restructuring plan, through talks with creditors, which is designed to raise at least three trillion won. In response, the creditors including Korea Development Bank are going to provide Doosan Heavy Industries & Construction with an
Foreign investors recorded a net buy in both the KOSPI and KOSDAQ markets for the first time in about two months on April 27.That day, KOSPI rose 1.79 percent and closed at 1,922.77 points after falling 1.34 percent the previous day. The closing price topped 1,920 points for the first time since Mar
South Korea and China have agreed to set up a "fast track" to allow business people to travel between the two countries amid the COVID-19 pandemic, China's top diplomat in South Korea said on April 28.Chinese Ambassador to South Korea Xing Haiming made the remarks during his keynote speech for a
Korea's semiconductors, fine chemical materials and flat-rolled steel products ranked top in the global export market for five consecutive years, showing their robust competitiveness.According to a report issued by the Institute for International Trade of the Korea International Trade Associatio
Korean cosmetics are gaining popularity in Russia amid the spread of Korean pop culture in the country.According to a report issued by the Institute for International Trade, which is affiliated with the Korea International Trade Association, Russia was the world’s 11th largest market and 5th largest
The author is an analyst of NH Investment & Securities. He can be reached at will.byun@nhqv.com. -- Ed. Despite falling metal prices, Korea Zinc logged solid 1Q20 results. Although it is difficult to expect a rise in zinc or lead prices, strong precious metal prices and increased TC income should en
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Despite earnings uncertainties, S&T Motiv should fare better than most plays in 2Q20, thanks to the nature of its business structure. In the long term, in addition to anticipated growth at the e
Samsung Electronics has recently given a glimpse of a full screen phone in an airless air-conditioner ad, drawing attention from industry watchers and consumers. China's Xiaomi and Oppo also presented images of their full screen phones in 2019.A full screen is implemented through under display c
Lotte Group has unveiled Lotte On, an e-ecommerce app designed to integrate the online businesses of the group’s entire retail units.The most differentiated point of Lotte On is ultra-personalization. The app is designed to timely recommend necessary products to customers by analyzing their purchasi
The National Institute for Mathematical Sciences announced on April 27 that it has developed a multivariate and simultaneous quadratic equation-based public-key encryption algorithm capable of coping with attacks by means of quantum computers.According to the institute, the algorithm is designed suc
S-Oil posted an operating loss of 1,007.3 billion won in the first quarter of this year. Concerns are mounting over the possibility of huge operating losses of the other South Korean oil refining companies such as SK Innovation and GS Caltex.S-Oil announced on April 27 that its Q1 sales and net loss
SsangYong Motor announced on April 27 that it paid salaries 100 percent to all employees on April 24, even though it fell into a liquidity crisis due to Mahindra’s cancellation of a plan to pump 230 billion won into the automaker. Mahindra of India is the parent company of SsangYong Motor. Earlier t
Renault Samsung’s Busan plant will be shut down for 11 days from April 30 to May 10. It is the plant’s second shutdown in two months after it was closed for four days in February due to a shortage of Chinese-made wiring harnesses.The company explained that the lockdown is intended to give employees
SK Telecom, an official sponsor for ‘2020 League of Legends Champions Korea Spring’, has created a fun experience for esports fans who cannot visit stadiums in-person as the competition was held behind closed doors.For the final match between T1 and Gen-G, the company placed life-sized cardboard pho
Samsung Electronics has updated the software on Galaxy Buds to bring to them the connectivity features of the pricier Galaxy Buds Plus.The features allow Galaxy Buds users to go completely wireless and take their music more easily than ever before – whether it’s on a run, at your workspace or around