The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The Fed’s official forecast includes the entering of a mild recession at the end of this year. Given that monetary tightening should become more difficult toward yearend, we expect that the Fed will h
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Adhering to a Buy rating, we raise our TP to W310,000 for HYBE, our sector top pick. In addition to ongoing solid quarterly earnings thanks to its successful multi-label system, HYBE’s status as a pl
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We forecast 1Q23 OP growth of 10% y-y at Megastudy Edu. Despite high-base effect, earnings remain more stable than feared at all business divisions. Noting the firm’s mid/long-term growth potential,
The author is an analyst of NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We raise our TP from W510,000 to W570,000 to reflect the operating value of the carbon fiber and aramid businesses, which are steadily growing. Despite being slower than expected, the demand recovery
The author is an analyst of Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.1Q23 preview: OP to come in at KRW19.4bnParadise is set to post operating profit of KRW19.4bn (positive swing YoY) on sales of KRW188.1bn (+89% YoY) for 1Q23, meeting market expectations.The company saw
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.With the memory industry recovering, investment at Wonik IPS customers should pick up from 2024. However, the recent 3D NAND development trend towards feature scaling, rather than increase to the number
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.LS Holdings’ earnings momentum is being spurred by LS MnM earnings consolidation. The firm is beefing up its business portfolio by expanding capacity and increasing its stakes in subsidiaries. Mo
The author is an analyst of NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com -- Ed.Although lowering our TP, we stick to a Buy rating on LIG Nex1. From a mid/long-term perspective, we view LIG Nex1’s shares as being undervalued at their current price point. A record-high order
Hyundai Motor Group, which re-entered the Japanese market last year after 13 years, faced difficulties again. Starting with the IONIQ 5, a dedicated electric vehicle that received favorable reviews in the global market, it knocked on the door of the Japanese market again, but it has not produced any
Two out of three South Koreans believe that the ROK-U.S. alliance has been the foundation of Korea’s economic growth.The Federation of Korean Industries (FKI) announced on April 16 the results of a survey commemorating the 70th anniversary of the ROK-U.S. alliance. The survey was conducted on 1,004
The Bank of Korea predicted that recent industrial policies to place national priorities above others would eventually have a negative impact on the global economy.In a report on the status and implications of major countries’ “me-first” industrial policies on April 16, the BOK’s U.S.-Europe Economi
ZKW, a subsidiary of LG Electronics in the automotive lighting business, was listed as the company that applied for the third-most patents in Europe last year among Austrian companies.According to ZKW on April 14, ZKW accounted for 61 (close to 30 percent) of 224 patents filed by Austrian companies
The world's top three luxury brands -- Hermès, Louis Vuitton and Chanel -- generated nearly 4 trillion won in sales in South Korea last year.According to audit reports of Hermès Korea, Louis Vuitton Korea, and Chanel Korea on April 16, their combined sales stood at 3.9338 trillion won (US$2.9973
LG Display is struggling looking for an exit strategy for its Chinese business amid a prolonged slump in the liquid crystal display (LCD) panel industry. The company is facing various scenarios including, sale to a Chinese company and a large-scale process transformation, as it urgently needs to imp
Taiwanese market research firm TrendForce said in its report that South Korea’s production share in the global DRAM market is expected to rise from 64 percent to 65 percent from this year to 2025. “According to the U.S. CHIPS Act, semiconductor manufacturers subsidized by the U.S. government cannot
Chinese company Gochin announced on April 13 that it will invest US$10 billion in lithium mines in Afghanistan, where lithium reserves are estimated at US$2 trillion or so.These days, the United States and Europe are curbing EV battery material exports from China. In response, China is making aggres
The IMF said in its report that South Korea’s national debt-to-GDP ratio exceeded the average of those of 10 advanced non-key currency countries for the first time in history.According to the IMF, the ratio of South Korea was 54.3 percent last year, when the average was 52 percent. According to the
Korea Hydro & Nuclear Power (KHNP) and Westinghouse are expected to end their litigation with a U.S.-South Korea summit scheduled for this month.The litigation started in October last year with regard to the Dukovany Nuclear Power Plant in the Czech Republic. KHNP was trying to export an APR1400 rea
The Korea International Trade Association announced on April 16 that global total exports were US$24.9045 trillion last year with South Korea accounting for 2.74 percent of the total, the lowest level since 2008.South Korea’s share was 3.02 percent in 2014 and 3.09 percent in 2018. It was 3.23 perce
The author is an analyst of Shinhan Securities. He can be reached at chank@shinhan.com -- Ed.IT materials and thin-glass processing services providerChemtronics focuses mainly on chemicals and electronics businesses. The chemicals business division, which generated 47% of total sales in 2022, is wid