Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced that it is recruiting September participants for its sustainable bar operation training program ‘Bar World of Tomorrow’. Indeed, beyond outlets that Pernod Ricard Korea knows and works with its sales
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Despite increases in parts and finished vehicle volume amid improving downstream industry conditions, Hyundai Glovis has been unable to capitalize upon high freight rates due to its reduced operating
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.Solid performance reported at home and in ChinaF&F registered consolidated operating profit of KRW110.1bn (+16% YoY) on sales of KRW405.5bn (+9% YoY) in 2Q23, largely coming in line with market expectation
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.In 1H23, the US FF rate (r) was lower than r* and higher than r**. With the July hike, we believe that r has converged to the r* level. Over time, markets should come gradually to reflect the Fed'
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Yuhan posted 2Q23 consolidated OP of W27.1bn, significantly beating consensus. Earnings should continue to improve on: 1) the likely listing of Lazertinib as a first-line treatment for NSCLC in Korea
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Hanmi Pharm delivered consolidated 2Q23 OP of W33.2bn, slightly below consensus, affected by: 1) the reflection of a major portion of R&D expenses; and 2) a temporary drop in the portion of merchandi
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.2Q23 sales missed consensus due to weak MLB duty-free and Discovery sales. But, sales in China are estimated to climb 51% y-y in 2H23, and the number of MLB stores should exceed the target set at th
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We raise our TP on SK Innovation to W250,000. Key indicators for the oil refining industry are showing strength. Profitability is to strengthen in 2H23 thanks to a gradual improvement in battery earn
Negative views of China grew among people in high-income countries, a survey has found. In the United States, Japan, and Australia, the percentage of respondents with negative views of China exceeded 80 percent. In South Korea, it was more than 10 percentage points higher than when the survey was co
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.With profits from its E&P division, LXI is continuing its eco-friendly transition. Worries over the NPS’s exclusion of coal projects should ease gradually, as: 1) business diversification has st
ONDA, a South Korean hospitality technology company, is making inroads into the Turkish hotel solutions market. This expansion is fueled by a strategic partnership with CMH Solutions, a top player in the Turkish hotel and resort industry.ONDA (CEO Hyun-seok Oh) announced it has signed a Memorandum o
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Earnings season for the sector is to begin on Aug 2 with Kakao Games. As earnings at Alphabet and Meta Platforms came in solid, Korean Internet companies are also expected to perform well. If the
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Despite a reduction in daigou-related sales, profitability at Hotel Shilla improved beyond expectations in 2Q23 on an increase in general (high-margin) retail customers amid a recovery in travel demand
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We raise our TP on S-Oil to W96,000. Key indicators for the oil refining industry, including oil prices and refining margins, remain robust. We advise more focusing upon an anticipated strengthening
One in five Korean exporters actually dialed up their exports over the past three years despite the COVID-19 pandemic, according to a survey.According to the survey on changes in exports before and after the pandemic released by the Korea Chamber of Commerce and Industry (KCCI) on July 30, 20.2 perc
With exports of domestic semiconductors, displays, and electronic devices plummeting recently, concerns are growing that the Korean electronics industry is losing its market competitiveness.According to sources in the Korean electronics industry on July 28, there were growing concerns that Korean sm
The future of microLED, which is considered to be a “dream display,” appears promising as the once formidable barrier of high costs is expected to rapidly diminish in the coming years, inching the technology closer to widespread adoption. While domestic companies actively pursue the development of s
Samsung Electronics and LG Electronics are gearing up to participate in the upcoming IAA Mobility 2023 event scheduled to take place in Munich, Germany, in early September. As these tech giants aggressively steer their businesses towards the burgeoning market of automotive electric and electronic co
The trend of collaborations between domestic and foreign enterprises of various sizes to achieve success in new drug development is on the rise. Such collaborations are viewed within the industry as a potential model for “Korean-style Open Innovation” in the pharmaceutical and biotech sectors.Accord
CATL, China's largest battery manufacturer, is witnessing explosive growth, with its revenue for the first half of the year nearing that of the entire South Korean battery industry.According to industry sources on July 30, CATL reported sales of 189.246 billion yuan (US$26.6068 billion) and an o