The authors are analysts of Shinhan Investment Corp. They can be reached at mingu.jeong@shinhan.com and jhwon@shinhan.com, respectively. -- Ed. Initiate coverage with BUY for a target price of KRW46,200We initiate our coverage of Ray with a BUY rating for a target price of KRW46,200, based on 2022F
The authors are analysts of Shinhan Investment Corp. They can be reached at mingu.jeong@shinhan.com and jhwon@shinhan.com, respectively. -- Ed. Initiate coverage with BUY for a target price of KRW195,300We initiate our coverage of Osstem Implant with a BUY rating for a target price of KRW195,300, ba
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. SEC likely to add WOLED to its TV lineup next year We believe that LG Display will see greater likelihood of winning orders for WOLED panels (used in OLED TVs) from Samsung Electronics (SEC) next year and that
CJ ENM announced on Dec. 8 that it has signed a comprehensive partnership with Viacom CBS, a major U.S. media company.CJ ENM and Viacom CBS plan to start producing content such as movies and dramas based on CJ ENM’s unique intellectual property and expand collaboration to all stages of the content b
Qualcomm and AMD are knocking on the door of Samsung Electronics for production of their chips. Their strategy is to diversify supply lines to lower their dependence on TSMC. Taiwan’s DigiTimes reported on Dec. 9 that Qualcomm and AMD are currently dissatisfied with TSMC's special treatment of A
Kia Corp. will break up with its joint venture partner in China, Dongfeng Motor Corp., after 20 years of partnership.Dongfeng Motor, one of China’s four major state-run automobile groups, is producing automobiles in China under the Dongfeng Yueda Kia brand. Dongfeng Yueda Kia is a three-way joint ve
EcoPro BM will invest about 970 billion won in Debrecen, Hungary’s second-largest city, to expand its cathode material factory, the company announced in an EcoOro BM European Investment Media Day event organized by the Hungarian Investment Promotion Agency on Dec. 8.The company will secure a capacit
The Electronics and Telecommunications Research Institute announced on Dec. 9 that it has developed the world’s first technique with which tens of drones can be simultaneously controlled in a virtual space.“We have developed various simulators and drone control and monitoring software and conducted
Market research firm Omdia said on Dec. 9 that LG Display’s current share in the global automotive display market is 14 percent and those of AUO, BOE and Japan Display are 12.6 percent, 12.6 percent and 11.4 percent, respectively.China’s market share more than doubled in two years from 14.1 percent
Apple is doing nothing at all despite repeated iPhone 13-related call connection failures.Apple said on Dec. 8 that it is looking into the issue with LG U+. Earlier, the former conducted software update on Nov. 18, saying that iPhone 12- and 13-related call disconnections would be solved.Both Apple
Market research firm Counterpoint Research said on Dec. 8 that Samsung Electronics’ Southeast Asian smartphone market share was 23 percent in the third quarter of this year.The market share rose 4 percentage points in one year and the company was followed by Oppo (19 percent), Xiaomi (16 percent), V
LG Energy Solution will expand cylindrical battery production in Korea and China.According to a securities report submitted by LG Energy Solution for the planned IPO, the company will invest 645 billion won in its Ochang plant in Korea by 2023 to add a cylindrical battery production line. The plant’
SK Gas has decided to invest in C-Zero, a U.S. company that has original technology to manufacture eco-friendly turquoise hydrogen.The company announced on Dec. 8 that it has signed an investment contract with C-Zero. The company aims to acquire eco-friendly hydrogen production technology to push fo
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. IONES’s share price fell after the announcement of a change in its largest shareholder. But, noting that the firm’s fundamentals remain intact, we view the drop as representing a good buying oppo
The authors are analysts of Shinhan Investment Corp. They can be reached at jinmyung.lee93@shinhan.com and cgh815@shinhan.com, respectively. -- Ed. Cost burden to weigh on short-term earnings but ease graduallyHyosung Chemical’s earnings are forecast to decline QoQ in 4Q21 due to cost increases from
Kia Corp.’s global sales are expected to surpass 2.8 million units in 2021, a level that falls short of its annual target of 2.92 million units but is close to its performance in 2018 before the outbreak of COVID-19.The company sold 2,570,478 units in the first 11 months of this year. Domestic sales
The government of North Gyeongsang Province signed a business agreement on Nov. 28 with the Korea Atomic Energy Research Institute, Hyundai Engineering, Handong University, POSTECH, the University of Calgary, and Alberta, Canada. The agreement is for the purpose of small modular reactor (SMR) constr
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. Given the rising importance of stability for rechargeable batteries, the number of processes applying X-ray inspection during the battery manufacturing process is predicted to climb moving ahead.
EOFlow Co., a provider of wearable drug delivery solutions, announced on Dec. 8 that it has signed a contract with PT Prasasti Nusantara Sukses of Indonesia to supply 45.3 billion won worth of 'EOPatch,' a disposable and wearable insulin pump.The company said the contract amount represented
The authors are analysts of Shinhan Investment Corp. They can be reached at hyungwou@shinhan.com and ym.ko@shinhan.com, respectively. -- Ed. 4Q21 forecast: Earnings to continue on a recovery pathWe expect Intops to post operating profit of KRW25.7bn (-18% YoY) for 4Q21, with earnings continuing on a