The Japanese government is planning to provide huge subsidies for TSMC with the largest foundry in the world increasing its investment in Japan. An increasing number of Japanese news outlets are skeptical about the wisdom of the Japanese government's policy.TSMC is planning to build a semiconduc
The stock price of LG Innotek is on the uptick as the company is expected to become the biggest beneficiary of Apple's metaverse business and car project.On Nov. 12, the company's stock price closed at 242,000 won, up 4.99 percent from the previous trading day. Compared to one month ago, it
The authors are analysts of Shinhan Investment Corp. They can be reached at mj1224@shinhan.com and kimaram@shinhan.com, respectively. – Ed. 3Q21 OP misses consensus at KRW96.3bn (-14.7% QoQ)NCsoft posted operating profit of KRW96.3bn (-14.7% QoQ) on sales of KRW500.6bn (-7.0% QoQ) for 3Q21, falling
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 3Q21 operating profit of KRW11.9bn (+69% YoY)Chunbo posted operating profit of KRW11.9bn (+69% YoY) on sales of KRW73.8bn (+93% YoY) for 3Q21. The company
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed 3Q21P operating loss of KRW936.7bn (turn to loss YoY), missing market consensus — KEPCO reported 3Q21P revenue of KRW16.5tn (+4.8% YoY, +21.8% QoQ), operating loss of KRW936.7bn (turn to red YoY, remain in
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. YG Ent. posted a 3Q21 earnings surprise thanks to brisk album sales (Lisa’s solo album) and investment gains from subsidiaries (primarily Maxst). Now is the time to turn attention to the growth pot
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. We raise our TP on Dongwha Enterprise by 20% to W145,000, reflecting a change in base year for our TP calculations. With a US capacity expansion looking increasingly likely, we believe that expans
Samsung Electronics announced on Nov. 11 that it has developed Hybrid-Substrate Cube (H-Cube) technology, its latest 2.5D packaging solution specialized for semiconductors for HPC, AI, data center and network products that require high-performance and large-area packaging technology.“H-Cube solution
The authors are analysts of Shinhan Investment Corp. They can be reached at mj1224@shinhan.com and kimaram@shinhan.com, respectively. – Ed. 3Q21OP reported at KRW12.9bn (+17.7% QoQ)Com2uS posted operating profit of KRW12.9bn (+17.7% QoQ) on sales of KRW113.1bn (-26.0% QoQ) for 3Q21, coming in far be
The authors are analysts of Shinhan Investment Corp. They can be reached at mj1224@shinhan.com and kimaram@shinhan.com, respectively. – Ed. 3Q21 operating profit of KRW10.2bn (positive swing QoQ)PearlAbyss posted operating profit of KRW10.2bn (positive swing QoQ) on sales of KRW96.4bn (+8.9% QoQ) fo
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Orion’s 3Q21 OP climbed 6% y-y, slightly beating consensus. Alongside steady earnings improvement at the Chinese and domestic subsidiaries, strong earnings growth for the Vietnamese and Russian subsid
LG Energy Solution and Samsung SDI will supply batteries to a large-scale energy storage system (ESS) project in the United States.U.S. renewable energy company Terragen has selected LG Energy Solution and Samsung SDI as battery suppliers in connection with a large-scale solar power and ESS project
MBK Partners, the nation's largest private equity fund operator, is seeking to take over online shopping mall platform Korea Center and e-commerce platform Danawa.The private equity company intends to become the largest shareholder of Korea Center, which in turn will acquire Danawa with investme
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Top pick for sector We maintain BUY and 12m TP of KRW300,000 (38.5% upside) for LG Innotek. We recommend LG Innotek as our top pick for the sector, since we believe: (1) the company is well positioned to become
The author is an analyst of KB Securities. He can be reached at kimtaehee@kbfg.com. -- Ed. Revise down TP to KRW280,000 but maintain BUY We revise down our TP for Celltrion from KRW300,000 to KRW280,000 as we reflect downward revisions to 2023E/2024E OP of 12.5%/11.7% on sluggish 3Q21 results. We ma
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. In contrast to concerns over intensifying competition among DFSs and a peak out in department store earnings, Shinsegae achieved its highest-ever quarterly OP in 3Q21. We expect the firm’s strong perf
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. Greater focus should be paid to the jump in HMD’s orders than the increase in its costs. In our view, the more than doubling of orders y-y in 2021 highlights an important structural change in
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. AmorePacific is projected to sustain strong growth thanks to labor restructuring at both home and abroad, its high-margin DFS & e-commerce businesses, and luxury brand Sulwhasoo. In 2022, with the sal
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Three breakthroughsConcerns are high over intensifying competition and slowing consumption in the Chinese cosmetics industry. However, we believe that the share prices of Korean cosmetic companies exc
Clarkson Research said the Korean shipbuilding industry staged its comeback to the world’s No. 1 spot in October by accounting for 52 percent of the global orders.Korean shipbuilders won 1.12 million CGT (52 percent) of the global total of 2.13 million CGT, surpassing China's 810,000 CGT. Howeve