The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. Countries around the world are differing in their approaches to reach the goal of reducing greenhouse gas emissions. Countries that are lagging in renewable e
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Owing to sluggish cathode/anode materials sales, amid production disruptions at finished car makers, POSCO Chemical appears to lack short-term earnings momentum. The impact of production disruptio
Suspicions have been raised that Upbit, the nation's largest virtual currency exchange, have indirectly listed virtual currencies through the back door to allow certain groups to unfairly gain benefits.According to Rep. Yoon Chang-hyun of the National Policy Committee of the National Assembly, U
LG Display is boosting profitability by lowering the production cost of OLED TV panels at its Guangzhou plant in China, which began mass production in earnest in 2020. The Guangzhou plant’s production cost is up to 14 percent lower than that at the Paju plant in Korea.Market research firm Display Su
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. In 3Q21, sales at Lotte Shopping’s discount stores and supermarkets likely declined on the impact of emergency relief funds (which cannot be spent at department stores), and earnings at subsidiary Lot
Samsung Electronics is turning part of its DRAM production lines into image sensor production lines in order to be prepared for a decline in DRAM price. The switch is occurring in the company's plant in Hwaseong, Gyeonggi Province.These days, the focus of the image sensor market is shifting from
The author is an analyst of Shinhan Investment Corp. He can be reached at sanghoonpure.cho@shinhan.com. – Ed. Sales growth across all markets for 2 consecutive monthsFor September, Orion reported sales growth of 1.5% YoY in Korea, 11.1% YoY in China, 12.1% YoY in Vietnam, and 27.5% YoY in Russia. Do
The authors are analysts of Shinhan Investment Corp. They can be reached at eoyeon.hwang@shinhan.com and younghoon.song@shinhan.com, respectively. – Ed. Recommend BUY for a target price of KRW7,700We recommend a BUY rating on Samsung Heavy Industries for a target price of KRW7,700. Current risks and
The author is an analyst of NH Investment & Securities. He can be reached at ys.hwang@nhqv.com. -- Ed. We can confirm an earlier-than-expected bottom for the petrochemical industry. With petrochemical product supply being disrupted due to power shortages in China, demand is primed to recover amid th
Edison Motors has been selected as the preferred bidder for SsangYong Motor, one of the nation's top five carmakers. Industry analysts say that the bidding outcome offers a positive sign for SsangYong Motor's exit from court receivership and management normalization.SsangYong Motor and its s
The author is an analyst of Shinhan Investment Corp. He can be reached at yjjung86@shinhan.com. -- Ed. 3Q21 preview: Earnings continuing on a sharp uptrendWe now expect POSCO Chemical to post operating profit of KRW33.5bn (+73.0% YoY) on sales of KRW503.8bn (+29.6% YoY) for 3Q21, falling short of th
The authors are analysts of Shinhan Investment Corp. They can be reached at hyungwou@shinhan.com and ym.ko@shinhan.com, respectively. -- Ed. 3Q21 review: Solid results considering IT supply disruptionsKoh Young Technology reported operating profit of KRW10.4bn (+195% YoY) on sales of KRW61.9bn (+51%
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Y-Entec is a waste landfill and incineration operator based in Jeollanam-do. The firm is undervalued (versus peers) as 60% of its sales are generated from businesses other than waste disposal (inc
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY, target price of KRW950,000 We maintain BUY and our TP of KRW950,000 on Samsung SDI. Our DCF-based TP assumes 10.21% WACC (12.03% COE, 1.22% after-tax COD, 1.50 52w adj. beta) and offers 30.7% potent
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and hyon@shinhan.com, respectively. – Ed. Memory market negatively affected by IT supply chain disruptions in 2021Memory stocks have been correcting for a longer than expected time. Risks of prolonged IT s
A restructuring of the Korean shipbuilding industry has been drifting for two years and nine months because of the European Union’s reluctance to endorse a business combination of Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME).Among the six countries that had been
Global supply chain risks are threatening the South Korean economy, although South Korea’s exports are continuing to increase and recently reached the highest level since records began in 1956.The risks that arose with the outbreak of COVID-19 are taking the forms of automotive chip shortage, cargo
LG Energy Solution, SK On and Samsung SDI are preparing to manufacture next-generation high-nickel batteries for use in electric vehicles.LG Energy Solution and SK On are planning to start NCMA and NCM9 battery manufacturing within this year, respectively. Samsung SDI initiated the mass production o
Hyundai Motor Group is facing the double whammy of global automotive chip shortage and protectionist policies in the U.S., European and Chinese car markets.At present, the U.S. electric vehicle market barrier is rising more than ever. The U.S. Congress is working on a new bill so that additional sub
MBK Partners, which owns Homeplus, a Korean discount store retail chain, will receive about 200 billion won back from Tesco in the U.K.The London Court of International Arbitration recently told Tesco, the previous owner of Homeplus, to refund the discount store chain £119 million, or 200 billion wo