The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Zenonia, Com2uS Holdings’ first game release after its transition to a publishing-based model, is showing healthy early sales. Despite excessive marketing cost execution, we believe that marketing
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.We anticipate the unveiling of specifics regarding Kakao’s AI business model from October. The expansion of advertising in open chat and the Friends Tab should be a key point in the firm’s earning
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Helped by healthy early sales of Zenonia and MLB 9 Innings Rivals, Com2uS should turn to profit in 3Q23. However, continuing losses at the media arm are hindering both overall earnings and the sha
Methanol-fueled ships have eclipsed liquefied natural gas (LNG) vessels, claiming the premier position for the highest number of environmentally friendly ship orders placed from January to July this year. South Korea’s shipbuilding sector, which has been cultivating its technological expertise in me
Amid the prevailing downturn in the semiconductor sector, Samsung Electronics managed to maintain its leadership in the global memory semiconductor market during the first quarter of this year, while SK hynix encountered a decline in its market standing.According to market research firm Omdia on Aug
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Steep rate hikes and reduced bond issuance accelerate yield curve inversionA surge in short-term yields caused by steep base rate hikes is the first reason why we are seeing a sharper yield curve inversion
On July 3, CJ Logistics announced that it has signed a strategic partnership memorandum of understanding (MOU) with the 7th global container shipping company, Japan’s Ocean Network Express (ONE).Through this business agreement, both companies have agreed to actively cooperate in providing competitiv
KT&G Corporation(“KT&G” or the “Company”) (KRX:033780), South Korea’s leading tobacco manufacturer, today announced financial results for the second quarter ended June 30, 2023. The Company also shared its robust shareholder return program, including interim dividend and share cancellation.For the 2
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.We raise our TP on SM Ent to W170,000. With the full-fledged launch of the SM 3.0 era, the frequency of the firm’s new releases has increased, and sales volume per album is on the rise. Accordingly,
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Backed by Eversoul, ArcheAge War, and Ares, Kakao Games is continuing to produce new-lineup successes in 2023. Earnings at the firm are believed to have bottomed out, and the share price has falle
Hyundai Motor and Kia achieved double-digit sales growth in the United States in July, driven by their focus on eco-friendly vehicles. Remarkably, Kia marked a significant milestone with its twelfth consecutive month of setting new sales records.Hyundai Motor America (HMA) announced on Aug. 1 (local
South Korea, the United States, and Japan recently and simultaneously announced that a trilateral summit involving President Yoon Suk-yeol of Korea, President Joe Biden of the United States, and Prime Minister Fumio Kishida of Japan will be held at Camp David, the U.S. Presidential Retreat, on Aug.
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.GC Biopharma delivered solid 2Q23 OP of W23.7bn, backed by: 1) advance recognition of 3Q23 domestic vaccine sales; and 2) cost control efforts at the nutritional foods business. In 3Q23, some earning
The author is an analyst for Shinhan Securities. He can be reached at heeyeon.lim@shinhan.com -- Ed.2Q operating loss of KRW12.6bn in line with expectationsKakaopay posted decent 2Q23 preliminary results with consolidated operating loss of KRW12.6bn (continued loss QoQ) on sales of KRW148.9bn (+5.2%
HD Hyundai, which has an unrivaled presence in the world marine engine market, has further strengthened its position with the acquisition of STX Heavy Industries. This acquisition has enabled HD Hyundai to solidify its competitive advantage over Hanwha Ocean in the global marine engine market, exper
On its 10th anniversary on Aug. 1, NHN unveiled its new brand slogan, “Weaving New Play,” and also presented a growth strategy to achieve its group vision of “a global top-tier tech company.”Weaving New Play encapsulates the meaning of “creating a new tomorrow through our connections.” The services
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.2Q OP meets expectations at KRW16.7bn (+14% YoY, +4% QoQ)W-Scope Chungju Plant (WCP) posted operating profit of KRW16.7bn (+14% YoY, +4% QoQ) on sales of KRW76bn (+21% YoY, +1% QoQ) for 2Q23, coming in l
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Backed by an accelerated digital transformation, mid/long-term growth prospects at Hyundai Autoever’s strategic businesses remain valid. The firm is beefing up: 1) its smart mobility capabilitie
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Innocean posted an earnings surprise for 2Q23. Although its operating expenses rose due to preemptive investment in labor force, this cost burden was offset by an increase in ad execution. Consideri
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Daedong Corp’s export portion of large tractors, which came to only 1.5% in 2022, climbed to 7.6% in 1Q23. While small/mid-sized tractor exports led the firm’s earnings growth in 2022, this year, l