Analysts in the securities industry predict that if Hyundai Motor’s total strike materializes, the company may shoulder an operating loss nearing 1 trillion won solely from the strike.According to securities sources on Sept. 5, if the Hyundai Motor strike becomes a reality, there are expectations of
Short selling of Hyundai Motor Group’s stocks has been intensifying, including both Hyundai Motor and Kia Motors. As concerns over performance grow, there are a rising number of investors betting on a decline in stock prices. In contrast, some experts in the securities industry believe that Hyundai
Hanwha Ocean is accelerating its management normalization, succeeding in its first contract since its establishment following its selection as the primary negotiator for a special naval ship.According to industry sources on Aug. 2, Hanwha Ocean signed its first shipbuilding contract with an Asian cl
As the global electric vehicle market is rapidly growing, the “K-Battery Trio” – LG Energy Solution, Samsung SDI, and SK innovation – have stepped on the growth accelerator. They recorded respective sales growth of 73%, 23%, and 170% (projected) in the second quarter compared to the same period last
Hyundai Motor once again achieved a record-breaking quarterly performance, surpassing 4 trillion won (US$3.14 billion) in operating profit for the second quarter of this year. Despite this remarkable feat, the company’s stock price on the KOSPI market remains stuck in a holding pattern.On July 26, H
The market capitalizations of the 10 largest Korean conglomerates have reached 40 trillion won in a month and a half, according to securities information firm FnGuide.According to FnGuide on July 25, market caps swelled by 3.05 percent to 1,341.2603 trillion won (US$1.0533658 trillion) as of the clo
Korean oil refiners’ refining margins averaged US$4 per barrel in the second quarter of this year. That represented a drop of more than half from the previous quarter and a drop of more than 80 percent from the same period last year. Their second-quarter operating profits are also expected to shrink
As forecasts strengthen that the memory semiconductor industry will rebound significantly in the second half of this year, SK hynix’s shares have surged by over 50% since the beginning of the year. The demand for High Bandwidth Memory (HBM) and Double Data Rate 5 (DDR5) is rapidly expanding in the w
Korean funds’ inflow into the Indian stock market have soared as emerging markets have emerged as new investment destinations amid the U.S.-China trade war. As the entry of large players has widened the choice of exchange traded funds (ETFs), the Indian ETF market is expected to expand faster over t
Individual investors poured tens of billions of won into exchange traded funds (ETFs) on Korean semiconductor companies that are expected to hit lows and rebound in the second quarter while selling off U.S. semiconductor ETFs to realize profits.According to fund evaluator FnGuide on May 7, individua
France’s GTT, which receives royalties for cargo holds for liquefied natural gas (LNG) carriers worth hundreds of billions of won built by Korean shipyards, recorded profit growth of over 20 percent in the first quarter of 2023. Despite receiving large-scale LNG carrier orders, Korean shipbuilders a
A pessimistic forecast was made that Samsung Electronics, which has maintained its No. 1 position in the operating profit rankings, will fall to fifth place due to deteriorating business conditions in the global semiconductor industry, and SK Hynix will record a loss. On the other hand, Hyundai Moto
Samsung Electronics announced on Feb. 14 that it has decided to borrow 20 trillion won from Samsung Display to secure operating funds. The loan matures on Aug. 16, 2025 and carries an annual interest rate of 4.60 percent. The loan amount represents 10.35 percent of Samsung Electronics' equity ca
South Korean auto parts manufacturers’ operating profits are expected to increase as automakers are increasing their production volumes.According to FnGuide, the operating profits of Hyundai Mobis, HL Mando and Hyundai WIA are expected to increase 26.6 percent, 26.5 percent and 22.3 percent this yea
South Korean solar power companies are expected to have shown their best performances last year. They are increasing investment in North America with regard to the U.S. Inflation Reduction Act and their tax incentives related to it are expected to increase.According to FnGuide, the solar power arm o
Market research firm FnGuide announced on Dec. 25 that the market cap of the 96 stocks of the top 10 South Korean conglomerates was 1,110.4802 trillion won on Dec. 21. It decreased by 11.6 percent compared to the end of 2021.Six out of the 10 business groups showed a decrease in market cap. That of
LG Innotek is on a fast growth track. The company's annual sales are expected to top 20 trillion won in 2022 after exceeding 10 trillion won for the first time in 2021.LG Innotek’s sales estimate for this year is 20,051.6 billion won, FnGuide said on Dec. 22. The figure represents an increase of
Samsung Electronics' Device Experience (DX) Division, which includes the TV, smartphone and household appliance businesses, has shifted to emergence mode. The Korean IT giant will slash the number of overseas business trips and global marketing events and cut various expenses in half.The company
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 3Q22 review: OP of KRW185.0bn (-16.7% YoY, -31.5% QoQ) — 3Q22 revenue came in at KRW4.2tn, beating the market consensus of KRW4.07tn (FnGuide; 3m basis) and our estimate of KRW3.93tn. However, 3Q22 OP of
POSCO Holdings' sales are growing, but its profits are on the decline due to cost and expense burdens. Its cash flow from operating activities appears to be deteriorating due to a spike in inventories and trade receivables. Experts say that its overall business deterioration is accelerating with