The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.International passenger traffic climbed 11% m-m in October on the back of holiday season effects, with demand arriving strong for all routes except China. Air cargo volume also strengthened. However,
The automotive industry, which grappled with severe “new car delivery crises” last year due to a shortage of vehicle semiconductor supply, is now facing concerns of semiconductor inventory surplus, according to some analysis. A sluggish demand for electric vehicles is also identified as a contributi
FILA announced on Nov. 9 the launch of its 2023 winter season Milano Down Collection with global brand ambassador and actress Han So-hee, who features in the collection’s global campaign video released on the same day.The Milano Down Collection of jackets and outerwear by FILA has been incredibly su
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.Kiwoom recently announced that it will reflect provisions of W433.3bn for Youngpoong Paper receivables in 4Q23, putting the issue to rest. Recently, stock market trading has become active again. A d
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Due to slowing demand in downstream industries and continued inventory adjustments in distribution channels, PI AMC’s 2H23 earnings are likely to miss our estimates. However, considering already hi
The growth of electric vehicles (EVs) changing the paradigm of the global automobile market has come to an abrupt halt. As a result, carmakers are showing mixed moves.General Motors (GM), Ford and Volkswagen, as well as the world’s No. 1 EV maker Tesla, have postponed or canceled their investment pl
On Nov. 6, the first day of the complete ban on short selling, the KOSDAQ market witnessed 164.9 billion won (US$125.69 million) worth of short sales. Among these transactions, a remarkable 99 percent consisted of hedges by the Liquidity Providers (LPs) for exchange-traded funds (ETFs). As individua
On Nov. 7, the second day of the complete ban on short selling, the KOSPI index fell by 2.33 percent, and the KOSDAQ index dropped by 1.80 percent.Even on the second day of the government’s complete ban on short selling, controversy continues in the securities market.According to financial authoriti
China’s exports have continued to fall for three consecutive months.According to the General Administration of Customs of China, China’s exports in October amounted to US$274.83 billion, a decrease of 6.4% compared to the same month last year. This decline exceeded the previous month’s drop of 6.2%
Hyosung Heavy Industries conducted a shipment ceremony on Nov. 6 in Haman, South Gyeongsang Province, for the delivery of a container-type Static Synchronous Compensator (STATCOM), a stationary reactive power compensation device, to Japan’s Steel CompanyThe exported product is the first instance of
With the financial authorities deciding to implement a complete ban on short selling by the first half of next year, the South Korean stock market experienced a historic surge on Nov. 6. Secondary battery companies, which had been the primary targets of short sellers, all showed a significant increa
In response to criticism suggesting that the ban on short selling implemented on Nov. 6 is a “political decision” aimed at next year’s general election, Lee Bok-hyun, the head of the Financial Supervisory Service (FSS), directly refuted the claims, stating, “About 100 stocks were identified as targe
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Affected by delays in EV and battery production amid slowing downstream demand, there are short-term uncertainties in play toward SKIET’s plans for operating new plants in Poland and the US. Accord
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.With the US unemployment rate rising for a second straight month, we are nearing the threshold for the Sahm Rule recession indicator (which has a 100% historical accuracy rate). Given the effects of
The financial authorities have played a strong hand with a “full prohibition of short selling” to restore market trust. Unlike the global trend during the COVID-19 crisis, this time, South Korea alone has moved to prohibit short selling, drawing significant attention to the rationale behind this dec
The Korean defense industry is growing rapidly as the world recognizes the excellence of Korean-made weapons. At the center of the Korean Defense Industry gripping the global arms market is the Korea Defense Industry Association (KDIA).Founded in 1976, the KDIA is a specialized defense industry orga
SK ecoplant is set to provide solid oxide fuel cells (SOFCs) to an upcoming data center in Ireland, a data center hub for major global tech companies.On November 2, SK ecoplant made a significant announcement, revealing the signing of a memorandum of understanding (MOU) with Ireland's Lumcloon Energ
Seven Korean companies, including LG Electronics, Lotte Chemical and Samsung Fire & Marine, have joined RE100 this year, bringing the total number of Korean companies to 34, according to the U.K.-based Climactic Group on Nov. 3.This means that Korea has the fourth-most number of companies after the
The strength of the U.S. dollar, along with measures to stabilize the market and prevent further depreciation of the South Korean won, has resulted in a decline in foreign exchange reserves for the third consecutive month.According to foreign reserves statistics released by the Bank of Korea on Nov.
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.3Q23 OP meets consensus at KRW84.3bn (+12.3% YoY)Lotte Chilsung Beverage posted operating profit of KRW84.3bn (+12.3% YoY) on sales of KRW830.4bn (+5.9% YoY) in 3Q23, meeting the consensus estima