The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. HiteJinro’s earnings momentum should pick up on business environment improvement in line with a gradual return to normal daily life. The company is also expected to hike its beer and soju prices. Acco
The authors are analysts of NH Investment & Securities. They can be reached at mj27@nhqv.com and jooyh@nhqv.com, respectively. -- Ed. Amid likely favorable developments in the business environment, including a gradual return to normal daily life and recovering Chinese consumption, we expect to see a
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed.In 2020, the COVID-19 pandemic spread globally at an unprecedented rate, eventually leading to several countries going into a lockdown state. This had a detrimental effect on busines
KT's AI-based connected car solution will be used for Mercedes-Benz vehicles.KT announced on Feb. 17 that it has launched an AI voice recognition service for Mercedes-Benz models such as the S-Class and the EQA in cooperation with Cerence, an AI voice recognition solution company for vehicles in
The author is an analyst of Shinhan Investment Corp. He can be reached at sanghoonpure.cho@shinhan.com. – Ed. 4Q21 results in line with market consensusHiteJinro posted sales of KRW544.9bn (+5.5% YoY) and operating profit of KRW33.7bn (+41.2% YoY) for 4Q21, meeting the market consensus. Although det
Members of CJ Logistics' labor union staged a sit-in at the company's main office building in Jung-gu, Seoul on Feb. 10.“About 200 members of the Door-to-Door Delivery Service Workers’ Labor Union stormed into CJ Logistics' headquarters and illegally occupied the lobby and some office sp
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Demand in January came in strong mainly on domestic routes due to base effect and the New Year holidays. Expectations for a recovery in international passenger demand are rising, but there is still t
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. GS Retail is transitioning to digital commerce, but accompanying initial costs are proving higher than expected, and the firm lacks short-term earnings growth drivers.Lower TP from W42,000 to W38,000W
Industry analysts predict that Google will join the foldable phone market this year.Google's entry is expected to serve as a positive factor for Samsung Electronics, as it will expand the foldable phone market, which is being dominated by Samsung. Samsung Electronics uses displays from its subsi
Lawmaker Yang Jeong-sook remarked on Feb. 2 that Apple Korea is manipulating its operating profit-to-sales ratio in order to pay less taxes.“Apple Korea’s operating profit ratio is 1.6 percent whereas that of Apple as a whole is 29.8 percent,” she said, adding, “Last year, Apple Korea’s corporate ta
The South Korean government announced on Jan. 27 that its official development assistance (ODA) for this year would total 4.0425 trillion won, up 7.7 percent from a year ago.“We are planning to focus on international cooperation for a better COVID-19 response and social and economic development in d
SK Hynix has signed a contract to supply non-volatile memory express (NVMe) solid state drives (SSDs) to Meta (formerly known as Facebook), the largest social media company in the United States.The exact contract value is unknown, but it is estimated at hundreds of billions of won.This is the first
Huawei’s P50 Pocket foldable smartphone, which was launched in late 2021 to compete with Samsung Electronics' Galaxy foldable phones, appears to have display problems.Some users of the Huawei product are experiencing display cracks or screen blackout in less than a month after beginning to use t
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. J Contentree’s 4Q21 earnings likely arrived short of consensus on PPA amortization and a delayed recovery in theater attendance. But, the firm is strengthening its position as a global production p
The authors are analysts of Shinhan Investment Corp. They can be reached at jhwon@shinhan.com and shawn1225@shinhan.com, respectively. -- Ed. 4Q21 preview: Earnings to come in line with consensusDentium is expected to have secured consolidated sales of KRW79.3bn (+5.2% YoY), a new quarterly high, an
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. CJ Corp’s 4Q21 earnings should arrive in line with consensus. Slowing earnings momentum at CJCJ, low earnings visibility for affiliates reliant on customer foot traffic, and concerns over CJ EN
The author is an analyst of Shinhan Investment Corp. She can be reached at inhae.ji@shinhan.com. -- Ed Initiate coverage of casino and travel sectors with OVERWEIGHT ratingWe initiate our coverage of leisure (casino/travel) sectors with an OVERWEIGHT rating. Key investment points are: bottom-fishing
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Kakao’s share price adjustment, which began last year in response to new regulations, has been prolonged. However, the firm’s EV should soon rise again on both the continuing growth of major busi
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. Given the FOMC minutes and New York Fed’s PD survey, QT is likely in 2H22. As such, we change our 2022 FF rate outlook to two hikes (March and June). In 2H22, QT should reduce the need for further r
POSCO announced on Jan. 6 that it has recently joined the Value Balancing Alliance (VBA), a global business alliance launched in 2019 to develop global ESG standards.The VBA develops new concepts to measure the value of corporate behavior and business models in real life – to translate environmental