The Federation of Korean Industries said on March 16 that South Korean products’ share in the Chinese import market, the second-largest in the world, is falling in the wake of U.S.-China trade disputes and so on.“The share in the market was 9.8 percent on average in the period of 2012 to 2016 and 8.
Samsung Electronics has established the Test & Package (TP) Center within the Global Manufacturing & Infrastructure Department of its DX Business Division.The Global Manufacturing & Infrastructure Department is an organization that is responsible for the whole infrastructure related to semiconductor
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. KCC Glass is the largest glass manufacturer in Korea. The firm’s OP has increased significantly compared to previous years, with flat glass prices surging since 1H21. Despite being number one in t
Coway is on track to becoming a global environmental home appliance company after being acquired by Netmarble. Over the past two years, the company's overseas sales has grown nearly 90 percent.Coway said on Feb. 23 that it posted 3,664.3 billion won in sales and 640.2 billion won in operating pr
Shell announced on Feb. 22 that the global LNG transactions increased 6 percent to 380 million tons last year.“China increased its LNG imports by 12 million tons to 79 million tons last year to become the largest importer by surpassing Japan,” it said, adding, “China’s LNG demand is likely to remain
The author is an analyst of KB Securities. She can be reached at shinay.park@kbfg.com. -- Ed. Lower target price 5% to KRW100,000; stock remains grossly undervalued We maintain BUY on Coway but lower our TP by 5% to KRW100,000 to reflect downward revisions to 2022E/2023E OP by 6%/4%. Trading at only
Coway Co. announced its financial results for the fourth quarter and fiscal year 2021 on Feb. 16.The company earned an operating profit of 139.2 billion won in the fourth quarter on sales of 945.9 billion won. Operating profit increased 7.3 percent year on year, while sales grew 9.7 percent.For the
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Revise down TP to KRW320,000 but maintain BUY We lower our 12m TP to KRW320,000 but maintain BUY for Hansol Chemical. We have revised down 2022E/2023E NP (to attributable to controlling interests) by 9%/15%, in
iFamilySC announced on Feb. 14 that its color tone brand Romand will enter 120 offline stores and online official malls of Sasa, a leading cosmetics store in Hong Kong.Founded in 1978, Sasa has been running about 250 stores in Hong Kong, China, Macau, and Malaysia since its listing on the Hong Kong
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. We expect KAI to benefit from the government’s decision to develop new KUH variants. While the impact of covid-19 has lasted longer than expected, in terms of business fundamentals, including
The merger between Korean Air and Asiana Airlines is around the corner. Foreign competition authorities have approved it one after another, and the Korea Fair Trade Commission is expected to approve it conditionally.The commission had a general meeting on the issue on Feb. 9. The result of the meeti
HK inno.N announced on Feb. 3 that it has recently signed a contract with Malaysian pharmaceutical company Pharmaniaga Logistics Sdn Bhd to export K-CAB Tab. (ingredient: tegoprazan), a new drug for gastroesophageal reflux disease.Through this contract, Pharmaniaga will have the right to exclusively
The authors are analysts of Shinhan Investment Corp. They can be reached at eoyeon.hwang@shinhan.com and younghoon.song@shinhan.com, respectively. – Ed. Growth unaffected by inflationGrowing inflationary pressure from higher energy prices and global supply chain bottlenecks are raising concerns over
Samsung SDI has begun pilot production of next-generation cylindrical batteries for electric vehicles at its plant in Cheonan, South Chungcheong Province. The company is in the final stage of finalizing the standard for the new product.This battery is similar to the 4680-type cylindrical battery cel
Sisley-L, a global artist and NFT expert who became famous by winning the highest bid for a young artist at a Christie's auction, is attending one of the world's top 3 art shows, the LA ART Show. In the past, she attended an invitational exhibition at SAATCHI Gallery, London, with which worl
KGC Ginseng Corp. (KGC) has released a world map of best-selling CheongKwanJang Red Ginseng products by country.China takes the lion’s share in the overseas red ginseng market. Like Korea, China has a Lunar New Year culture, so ginseng sales in January and February exceed more than 20 percent of ann
The authors are analysts of Shinhan Investment Corp. They can be reached at eoyeon.hwang@shinhan.com and younghoon.song@shinhan.com, respectively. – Ed. 4Q21 OP to beat consensus by 46.2% at KRW56.3bn (TB YoY)Korea Aerospace Industries is expected to report operating profit of KRW56.3bn (positive sw
Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run oil company Aramco.On hand at the signing ceremony in Saudi Arabia were Kim Chang-hak, president of Hyundai Engineering, and Abdulkarim A. Al
SKC will borrow 1.5 trillion won from Korea Development Bank (KDB) to expand its secondary battery and eco-friendly materials business.SKC and KDB signed an industrial-financial cooperation program agreement to foster secondary battery and eco-friendly materials industries at SK Nexilis plant in Jeo
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. We expect KAI to enjoy sound growth momentum going forward, thanks to: 1) a turnaround at the aircraft parts business driven by economic re-opening; 2) anticipated LAH mass production orders i