Netflix India recently cut the price of its basic service from 499 rupees to 199 rupees. At the same time, the prices of standard and premium were lowered to 499 rupees and 649 rupees, respectively. The prices are approximately 50 percent of those applied to South Korean users. In South Korea, Netfl
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. On the back of increasing high-margin sales both from Sulwhasoo and through e-commerce channels, AmorePacific’s China subsidiary should enjoy sales growth and profitability improvement moving ahead.Po
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. With LG-LX equity swaps between major shareholders (the last step in separating LG-LX affiliates) now completed, LG Corp should be freed from undervaluation woes stemming from overhang concerns
Hyundai Engineering announced on Dec. 13 that it has recently submitted a securities report for listing on the KOSPI to the Financial Services Commission.The company plans to offer a total of 16 million shares to public investors. The desired stock price per share ranges from 57,900 won to 75,700 wo
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Maintain BUY and TP of KRW285,000 We maintain BUY on Hyundai Motor Company (HMC) and our TP of KRW285,000. While 4Q21E finished car sales volume should miss our forecast, profits at the Finance division sh
WeMakePrice unveiled a new search screen on Dec. 13, saying it intends to evolve beyond social commerce into a meta-shopping platform. It plans to collect and analyze data on 700 million products (metadata) from 230,000 shopping malls with its own artificial intelligence (AI) technology to provide c
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed POSCO announces decision to adopt holding company structure— On Dec 10, 2021, POSCO’s board of directors approved a plan for governance structure reform, including its conversion to a holding company struct
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. In 2022, SKT should display sales growth at its wireless business, with its overall profitability to improve on stabilized marketing expenses, reduced capex, and the spinning off of loss-incurrin
The authors are economists of Shinhan Investment Corp. They can be reached at chee@shinhan.com. – Ed.2022 outlook for US monetary policy: 1) Lower inflation in 1H vs. higher 2HOne of the key issues in the financial markets lately has been an early tightening of monetary policy in the US. We looked i
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Onejoon provides heat treatment solutions for the production of rechargeable battery materials. Demand for the company’s equipment should grow over the mid/long term on expanding investment
The Korea Enterprises Federation said in its report on Dec. 12 that South Korea is more reliant than G7 states on certain export and import items and certain exporting and importing countries.“Hirschman-Herfindahl indices indicate that South Korea's dependence on certain export items such as sem
The authors are analysts of Shinhan Investment Corp. They can be reached at jhwon@shinhan.com and mingu.jeong@shinhan.com, respectively. -- Ed. Leading dental implant company in KoreaDentium was established in June 2000 as a manufacturer and seller of dental implants and related instruments. Its sha
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 jhwon@shinhan.com and mingu.jeong@shinhan.com, respectively. -- Ed. Domestic leader in digital dentistry with technological prowessDio is a dental equipment manufacturer founded in January 1988 and listed on the KOSDAQ in Ju
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 authors are analysts of Shinhan Investment Corp. They can be reached at mingu.jeong@shinhan.com. – Ed. Focus on domestic players that are leading value segment growthWe initiate our coverage on the dental sector with an OVERWEIGHT view. Domestic dental stocks are currently undervalued vs. global
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
The Korea Exchange announced on Dec. 9 that a KRX-CSI joint index would be announced on Dec. 20.The Korea Exchange and the Shanghai Stock Exchange signed a memorandum of understanding in May for further cooperation in capital markets. The new index is a part of the MOU and will cover South Korean an
Jungheung Group, a business group built around second-tier construction companies, has taken over Daewoo Engineering & Construction (Daewoo E&C), the 5th-largest builder in Korea.Jungheung Group announced on Dec. 9 that it has signed a stock purchase agreement (SPA) with KDB Investment to acquire it