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
BlueOval SK, a joint venture between SK On Co. and global automaker Ford Motor Co., has applied for a loan under the U.S. government's Advanced Technology Vehicle Manufacturing (ATVM) program, to finance the construction of its battery plants in the United States.BlueOval SK filed for the ATVM p
Korean cosmetics companies have started localization work in Europe and North America, the home of cosmetics. So far, Korean cosmetics companies have sought to penetrate the Asian cosmetics market. But now, they are beginning to target the global cosmetics market. Analysts say Korean cosmetics compa
Samsung Electronics has opened the Vietnam Samsung R&D Center, the largest of its kind in the Southeast Asian country built by a foreign company.The company held a ceremony on Dec. 23 to mark the completion of the US$220 million R&D center in the THT New Town District in Hanoi, Vietnam.Vietnam Samsu
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain BUY but cut target price to KRW260,000 We cut our 12m TP to KRW260,000 from KRW320,000, as 2022E/2023E NP (attributable to controlling interests) were revised down 9.3%/18.9% to accommodate profit marg
Goldman Sachs estimated Samsung Electronics’ Q4 operating profit at 5.82 trillion won, down 58 percent year on year and down 46 percent from the previous quarter. The previous estimate of Goldman Sachs was 7.8 trillion won.It lowered its estimate for the semiconductor business unit of Samsung Electr
LG Electronics (LGE) will be putting the spotlight on its continuing commitment to sustainability at CES 2023, showcasing its ESG vision and latest, impactful innovations in an exclusive exhibit dubbed the Better Life for All zone.The Better Life for All zone will consist of three sections: For the
China’s share of the world's large display market is expected to exceed 50 percent for the first time ever. This year, Samsung Display and LG Display pull the plug on their LCD panel businesses due to declining profitability, letting China further strengthened its LCD market dominance.Large-area
As the European Commission has decided to maintain its plan to significantly strengthen the energy efficiency standards on TVs, Korea's exports of 8K TVs to Europe are highly likely to be blocked.According to the 8K Association and media reports, the EU Commission has no intention of revising a
LG Display is accelerating its exit from the liquid crystal display (LCD) business to improve its profitability.The company plans to stop producing LCD panels at its P7 Plant in Paju, Gyeonggi Province, within the year. The plant was established in January 2006 and has thus far manufactured LCD TV p
Samsung Electronics' Device Experience (DX) Division, which includes the TV, smartphone and household appliance businesses, has shifted to emergence mode. The Korean IT giant will slash the number of overseas business trips and global marketing events and cut various expenses in half.The company
Samsung Electronics and Xiaomi are competing fiercely for a bigger pie in the huge Indian market. The two companies rank first and second in the smartphone and smart TV markets, with a narrow gap in market shares.India has a population of 1.4 billion, but the smartphone penetration rate is only 60 p
The author is an analyst of KB Securities. He can be reached at yonghyun.choi@kbfg.com. -- Ed. Maintain BUY, raise target price to KRW110,000 We maintain BUY and raise our P/B-ROE-based TP by 10.0% to KRW110,000 (19.9x 2023 P/E; 23.0% upside) on CJ ENM. We raised long-term ROE (7.81% 5y avg.), as fo
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Following two rounds of refinancing this year for Lotte REIT, W650bn of additional refinancing is scheduled for 1H23. Although a reduction in FFO looks unavoidable in the short term, the pace of
U.S. President Joe Biden visited SK Siltron CSS plant in Bay City, a city in the U.S. state of Michigan, on Nov. 29 (local time).SK Siltron CSS is SK Siltron's U.S. subsidiary, and its plant in Bay City opened on Sept. 1. It produces a specialty wafer made of silicon carbide for electric vehicle
Samsung Electronics’ share of the premium TV market is on the wane amid a decline in global TV demand.Premium TVs sold worldwide in the third quarter of this year stood at 5.1 million units, up 8 percent from the same period of 2021, said Display Supply Chain Consultants (DSCC), a market researcher
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. Due to factors such as inflation, interest rates, liquidity crunches, and war, 2023 is to be a year of uncertainty. Given such external variables, earnings volatility at small/mid-cap companies i
Hyundai Motor’s Genesis Brand announced on Nov. 27 that the Genesis Electrified GV70 outperformed the Tesla Model Y and the Ford Mustang Mach-E GT in a comparative evaluation of a leading European automobile magazine.German automobile magazine Auto Bild gave the highest points to the GV70 in a recen