The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Apple’s upcoming XR device is expected to start mass production around Nov 2022 and see release in 1Q23. Meta’s new XR device is likely to launch in Oct 2022. We expect the related market to grow
OLED TVs are growing fast in the premium TV market in Europe -- so much so that gfu of Germany said in a recent report that OLED TVs are the winner of the German TV market. Founded in 1973 as the Society for the Promotion of Consumer Electronics in Germany, gfu is the organizer behind the IFA, Europ
Demand for automotive OLED panels is growing, helping LG Display offset the drop in demand for both large LCD and OLED TV panels. The imbalance between supply and demand for automotive semiconductors began to gradually ease from the second half of 2022, revitalizing the downstream industry. Global s
Hyundai Engineering announced on Aug. 28 that it signed a contract with Ultra Safe Nuclear Corp. (USNC) of the United States on Aug. 24 (local time) to purchase major equipment for the Canadian Chalk River micro modular reactor (MMR) demonstration project.Under the agreement, Hyundai Engineering wil
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. We lower our TP on Innox AMC, reflecting earnings estimate cuts made due to both tepid global IT set demand and rising inventory levels at customers. Nevertheless, we view its shares as remaining
Market research firm Omdia announced on Aug. 23 that the global TV market share of Samsung Electronics and LG Electronics was 48.9 percent on a sales value basis in the first half of this year.Samsung Electronics distinguished itself in the ultra-large and high-end TV segments. In the first half, it
Samsung Electronics released 110-inch micro LED TVs last year. This product uses densely arranged micro LED elements instead of backlights and the self-light emission provides the advantage of picture quality improvement.The price of the product is 170 million won and its sales volume is close to ze
The author is an analyst of NH Investment & Securities. He can be reached at neul.ha@nhqv.com. -- Ed. With global demand for rechargeable batteries sustaining strong, Tapex’s sales of battery tape are on the rise. With the firm enjoying its best-ever quarterly sales and OPM in 2Q22, we can confirm i
SK Inc. and SK Innovation (collectively, “SK”) invest in a next-generation small modular reactor (SMR) developer in the United States, stepping up their efforts to reduce global carbon emission. The investment is likely to provide a boost to SK Group’s strategy for the early achievement of net-zero
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Samsung Electronics has unveiled the Galaxy Z Fold 4 and Z Flip 4 at its Galaxy Unpack event. The phones are thinner, lighter, and have improved cameras over previous generations. While certain mo
LG Display announced on Aug. 10 that it will participate in the 2022 Korea Display Exhibition with products powered by innovative technologies such as OLED.EX and transparent OLED panels.The Korea Display Exhibition marks its 21st anniversary this year. The show is the largest display industry exhib
China is about to dominate the global OLED display as well as LCD market. Experts point out that China’s rapid rise in the industry is based on extensive government support and the South Korean government is failing to provide comparable support.According to the Korea Display Industry Association, t
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. At Asflow, the semiconductor fab-related parts division plays the role of stable cash cow, though it remains dependent upon capex at clients. This year, the company has secured both growth potent
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. SEC to generate better NAND/OLED margins than rivals We maintain BUY and our 12m TP of KRW75,000 on SEC given the following:(1) Even with NAND prices expected to fall more than 20% in 2H22, SEC should generate
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY and TP of KRW830,000 We maintain BUY and TP of KRW830,000 for Samsung SDI. Derived using the DCF model and assuming 8.97% WACC (9.77% COE, 2.84% after-tax COD, 1.13 104w adj. beta), our TP implies 12
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Maintain HOLD, target price of KRW17,000 We maintain HOLD and TP of KRW17,000 on LGD. Our outlook is unchanged because we see panel demand/prices continuing to drop on weakening demand for large-size panels (PC
Samsung Electronics and LG Display appear to have failed to narrow their differences over the former's procurement of the latter's OLED TV panels."A potential customer was interested in using our OLED TV panels and some progress were made in our talks, but at the moment, no discussion is und
LG Display has decided to stop production of liquid crystal display (LCD) TV panels for the Korean market by next year.The company announced on July 27 that it racked up 5.6 trillion won in sales and 488.3 billion won in operating loss in the second quarter. Its sales descended by 19.5 percent compa
LG Display announced on July 26 that its recycling rate of OLED TV modules has reached 92.7 percent. The company published its 2021-2022 Sustainability Report, which contained its achievements in the fields of the environment, society, and governance (ESG).Compared to LCD TV modules, OLED TV modules
Samsung Electronics plans to load Chinese-made display panels into new Galaxy mobile products to be released next year. Chinese display panels have been used only for mid- to low-end models such as the Galaxy A series. Experts say that Samsung chose price competitiveness in consideration of economic