Amid increasing optimism about the semiconductor industry’s outlook, foreign investors have shown divergent strategies in the South Korean stock market this month, especially concerning major semiconductor players like Samsung Electronics and SK hynix. While investing over 260 billion won (US$193.31
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.With lithium prices approaching BEP, a downtrend in LGES’s ASPs should slow. And, led by likely production recoveries at US OEMs, LGES’s sales are primed to rebound from 4Q23 after bottoming out in
The author is an analyst for NH Investment & Securities. He can be reached at seungyeon.han@nhqv.com -- Ed.In November, J&J is expected to release phase II data for nipocalimab in the treatment of rheumatology. The firm has already released some of the data from its abstract for the ACR conference.
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Although high-base burden remains a factor, overall sector earnings for 3Q23 should show improvement versus 1H23. We see many positives to look forward to as end-year approaches, including the resumpti
Korea’s current account surplus reached US$4.81 billion in August, marking the fourth consecutive month of surplus. Although the goods balance posted the highest surplus in a year and five months, the surplus remained a recessionary one as imports fell more than exports. The Bank of Korea (BOK) fore
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Following on from a narrowed operating loss in 3Q23, we expect Netmarble to turn to profit in both 4Q23 and 2024. Earnings should recover on the launch of a number of new global titles and Chinese
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Although initial results for Lies of P were disappointing, sales volume seems steady. Attention should also be paid to new titles coming out in 2024. Recently, the share price has fallen excessive
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Concerns over OLED shipments to North American client appear overblownLG Display (LGD)’s share price has recently tumbled on concerns over a possible delay in shipments of OLED panels for a new sma
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.LGE achieved market share expansion and margin improvement based on its competitiveness in the home appliance market. It also posted record-high profit margins at the VS division, exceeding expecta
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Excluding the impact of exchange rates, Orion is continuing to enjoy a top-line growth trend in all four of its major market countries. Alongside manufacturing cost-to-sales ratio improvement, OP expan
The size of alternative investments in overseas real estate by domestic financial firms has grown by 2 trillion won (US$1.48 billion) in the past year, according to recent findings. Concerns about potential losses for financial firms have arisen due to the downturn in the overseas real estate market
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.We draw attention to NHN KCP’s ongoing top-line growth in defiance of difficult conditions. Despite slow growth in online payment volume, the firm’s ability to secure merchants stands out. The final
The Financial Supervisory Service (FSS) has decided to significantly strengthen its inspection system in the capital market, including the asset management industry, as illegal activities persist. Furthermore, ailing and illegal companies found in violation of regulations will face immediate cancell
Korea’s foreign exchange reserves fell for the second consecutive month in September as the U.S. dollar continued to strengthen.Korea’s foreign exchange reserves stood at US$414.1 billion at the end of September, down by US$4.18 billion from US$418.3 billion at the end of August, according to foreig
Amid a decline in overseas real estate prices, funds that invested in offices in the United States and Europe are facing potential losses. It has been estimated that over 1 trillion won was invested in mutual funds that were sold since 2018. The number of investors who have invested in these funds e
The author is an analyst for NH Investment & Securities. He can be reached at neul.ha@nhqv.com -- Ed.There is no doubt about the direction of growth of the EV market. However, true structural growth for the industry can only commence after we have addressed the current lack of charging infrastructur
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Shinsung ST is a manufacturer of busbars and module cases for EV batteries. The firm has secured differentiated competitiveness thanks to its in-house mold design technology and its establish
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Meta Platforms has unveiled its new XR product, the Meta Quest 3. Although hardware and software improvements have been made, the device remains reasonably priced. Sales are expected to be strong.M
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.While global smartphone sales continued to slide y-y in August, the Chinese market achieved y-y growth for the first time since Mar 2021. We expect market conditions to continue improving after Sep
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Phase III MARIPOSA meets primary endpointJanssen announced positive topline results from the pivotal phase III MARIPOSA study evaluating Rybrevant (amivantamab) in combination with lazertinib, a th