ArkData (CEO Ko Kwang-yeun), company specializing in real-time data replication, and DataHeaven, Oracle's official technical support partner, signed an MOU on the 24th to collaborate as an official technical support partner for 'Ark for CDC', a real-time heterogeneous database replication solution.A
Financial authorities, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), have uncovered allegations of stock manipulation related to a Chinese company, hereinafter referred to as Company A, which is listed on the KOSDAQ in South Korea. These allegations s
Former Kakao Chairman Kim Beom-soo appeared before the Financial Supervisory Service (FSS) in connection with allegations of market manipulation involving SM Entertainment stock prices.The FSS’ Capital Market Special Judicial Police have notified former Chairman Kim to attend the FSS as a suspect by
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We downgrade our rating on the petrochemical industry to Neutral. Significant demand improvement is unlikely in 2024, and both oversupply and burdensome oil price levels are likely to persist. In our
An ironic situation unfolds as foreign investors are rapidly withdrawing their investments from the domestic stock market, while the foreign ownership percentage of the total market capitalization on the KOSPI hits a 20-month high.According to the Korea Exchange on Oct. 22, the foreign ownership rat
The author is an analyst for NH Investment & Securities. He can be reached at hzl.lee@nhqv.com -- Ed.We lower our TP on ContentreeJoongAng to W16,000, reflecting both declines in broadcasting peer multiples and the continued sluggish performance of theaters. However, we adhere to a Buy rating. With
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.We expect LS ELECTRIC’s 3Q23 OP to miss consensus due to reduced investment in the semicon industry and fewer business days. However, with the business environment set to normalize over the mid/lo
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.We expect LX Hausys’s 3Q23 results to come in sound, matching the figures posted in 2Q23. Meanwhile, the valuation gap with Hanssem has widened. The slowdown in construction starts from 2022 is
It is expected that domestic petrochemical companies engaged in the oil refining business will achieve an improvement in their performance in the third quarter. After incurring significant losses in the second quarter, the oil refining sector is anticipated to generate profits due to the upward tren
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Compared to 1H23, conditions are improving at CJCJ’s major business divisions, and it is expected that the firm’s consolidated OP will strengthen from 4Q23. The decision to sell CJ Selecta following th
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Lonza presents disappointing earnings guidance at Capital Markets Day eventAt its Capital Markets Day event on Oct 17 (local time), Samsung Biologics’ peer Lonza presented its mid/long-term growth pr
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.KT has unveiled its dividend policy for the next three years. The announcement should put to rest recent fears of dividend reduction. The firm’s commitment to keeping DPS at the 2022 level evidenc
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Wemade’s 3Q23 bottom line should show a turn to the black on a royalties contract for Mir 2 & 3 in China. We anticipate solid future OP, forseeing annual W100bn in additional royalty income over t
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Hanwha Corp’s in-house businesses have been resettled as construction, global, and momentum. The expansions of its green energy/materials and high-value added new ventures are to usher in earnin
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.BOK likely to keep base rate at 3.50% given inflation and household debtAt the upcoming October meeting, we expect the Monetary Policy Board (MPB) of the Bank of Korea (BOK) to make a unanimous decision to
Regarding recent discoveries of illegal short selling involving global investment banks, Lee Bok-hyun, the head of the Financial Supervisory Service (FSS), stated on Oct. 17, “We will hold them financially responsible for a much larger amount than in the past. Criminal punishment also seems possible
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Lotte Rental is seeking to strengthen the competitiveness of its car rental business by expanding its used car rental business and introducing membership services. The firm aims to take the lead in the
The author is an analyst for NH Investment & Securities. He can be reached at yd.yoon@nhqv.com -- Ed.We expect Samsung Securities to emerge as a high dividend large-cap stock, foreseeing 2023 DY of 7.2%. Despite difficult industry conditions, stable earnings should continue over 2023~2024 on outstan
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.HiteJinro’s profitability likely continues to be sapped by both rising manufacturing costs and heftier marketing costs. However, we believe that concerns toward its earnings are already largely baked i
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com --- Ed.Considering both the incorporation of its Philippines business as a consolidated subsidiary and product price hikes at rivals, Lotte Chilsung’s share price momentum is primed to strengthen towards end