The Financial Services Commission (FSC) has announced that it will also explore the possibility of prohibiting short selling by market makers and liquidity providers, a move seemingly influenced by the resistance from some individual investors. There are concerns that trading difficulties and price
The upward trend in memory prices, starting with DRAM, is now extending to NAND Flash. The combination of production cuts and recovering demand has led to a successful turnaround. There are expectations that the pace of improvement in the performance of Samsung Electronics and SK hynix will accelera
SK hynix is set to allocate approximately 10 trillion won for facility investments next year, marking growth of around 50 percent compared to this year. The move is a proactive response to the “semiconductor winter” and aims to maintain a leadership position in the advanced semiconductor market, inc
NuScale Power’s Utah Power Plant Project, a small modular reactor (SMR) business that garnered attention as the first of its kind in the United States, has been halted due to cost issues. Major domestic companies, including Doosan Enerbility and Samsung C&T, were participating in the project, and th
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.With profits from its E&P division, LXI is continuing its eco-friendly transition. The firm is entering the rechargeable battery value chain with its acquisition of the AKP nickel mine in Indone
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Celltrion Healthcare posted sound 3Q23 earnings, when considering purchase price settlements. Defying market concerns, the company showed a relative return of 15%p following its merger disclosure on
A race is heating up to innovate production methods among global automakers as price becomes a key competitive factor amid slowing growth in the electric vehicle market.Tesla CEO Elon Musk recently visited the company’s plant in Germany and declared that the company will build 25,000-euro electric v
Korea has posted a current account surplus for the fifth consecutive month. The Bank of Korea (BOK) forecast that Korea will be able to reach an annual current account surplus of US$27 billion by steadily enjoying current account surpluses.The BOK said on Nov. 8 that the current account posted a sur
According to SNE Research, an energy market research company, on Nov. 8, the number of electric vehicles registered worldwide from January to September reached 9.66 million units, a 36.4% increase compared to the same period last year.BYD, a Chinese company, maintained its top position with a 71.7%
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.3Q23 OP of KRW126.8bn (+44.6% YoY) beats consensus by 12%GS Retail posted operating profit of KRW126.8bn (+44.6% YoY) on sales of KRW3.09tr (+4.5% YoY) in 3Q23, beating the market consensus by 12
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.Kiwoom recently announced that it will reflect provisions of W433.3bn for Youngpoong Paper receivables in 4Q23, putting the issue to rest. Recently, stock market trading has become active again. A d
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Three years of corrections have sent Internet share prices down to the 2019 levels, with Internet companies suffering slowed earnings growth amid a languid expansion of their webtoon, fintech, and
The growth of electric vehicles (EVs) changing the paradigm of the global automobile market has come to an abrupt halt. As a result, carmakers are showing mixed moves.General Motors (GM), Ford and Volkswagen, as well as the world’s No. 1 EV maker Tesla, have postponed or canceled their investment pl
The Board of Audit and Inspection of Korea (BAI) is reportedly closely examining whether there were any unfair privileges taken or solicitation involved in the process of the government’s shares returning to the private sector. This scrutiny pertains to the massive policy fund-supported restructurin
Amid a steadfast strategy of selective order intake focusing on high-value-added vessels, the South Korean shipbuilding industry has finally surpassed China to record the world’s highest global market share. This success comes in the wake of a continuous rise in the Newbuilding Price Index, securing
Samsung Electronics’ Exynos mobile application processor, which once faced a setback by being excluded from its flagship Galaxy S series, is aiming for a comeback in the premium market next year.According to Counterpoint Research on Nov. 6, the global AP market is currently led by MediaTek with a 30
With the financial authorities deciding to implement a complete ban on short selling by the first half of next year, the South Korean stock market experienced a historic surge on Nov. 6. Secondary battery companies, which had been the primary targets of short sellers, all showed a significant increa
The author is an analyst for NH Investment & Securities. He can be reached at sokang@shinhan.com -- Ed.3Q23 review: Earnings meet consensus on improved cost efficiencyNAVER posted operating profit of KRW380.2bn (+15.1% YoY, +2% QoQ, operating margin of 15.5%) on sales of KRW2.45tr (+18.9% YoY, 1.6%
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.3Q OP of KRW1.56tr (positive swing QoQ) beats consensusSK Innovation turned positive QoQ in 3Q23 and registered operating profit of KRW1.56tr, beating the KRW1.05tr consensus. The refining division
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.3Q23 OP decent at KRW7.8bn (positive swing YoY, +754% QoQ)SK IE Technology posted operating profit of KRW7.8bn (positive swing YoY, +754% QoQ) on sales of KRW182.2bn (+35% YoY, +20% QoQ) for 3Q23, beatin