The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.KT has unveiled its dividend policy for the next three years. The announcement should put to rest recent fears of dividend reduction. The firm’s commitment to keeping DPS at the 2022 level evidenc
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Hanwha Corp’s in-house businesses have been resettled as construction, global, and momentum. The expansions of its green energy/materials and high-value added new ventures are to usher in earnin
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.BOK likely to keep base rate at 3.50% given inflation and household debtAt the upcoming October meeting, we expect the Monetary Policy Board (MPB) of the Bank of Korea (BOK) to make a unanimous decision to
The share of Chinese-made drones in Korea’s rural areas has ballooned, following the trend of Chinese-made solar power facilities across Korea.According to data that the Ministry of Agriculture, Food and Rural Affairs submitted to the Office of Ahn Byung-gil, a member of the National Assembly on Oct
As the U.S. administration has raised a countervailing duty on Korean steel products by regarding cheap electricity in Korea as a kind of government subsidy for steelmakers, the Korean government has confirmed its decision to challenge the U.S. administration over the case in the U.S. court along wi
Over the past month, it has been observed that 92 percent of the top 50 stocks with high short-selling turnover experienced declines in their share prices. This percentage is notably higher than the 84 percent of declining stocks in the overall Korean stock market, including the KOSPI and KOSDAQ. Th
Regarding recent discoveries of illegal short selling involving global investment banks, Lee Bok-hyun, the head of the Financial Supervisory Service (FSS), stated on Oct. 17, “We will hold them financially responsible for a much larger amount than in the past. Criminal punishment also seems possible
There is a growing consensus that a revision of the South Korea-China Free Trade Agreement (FTA) is necessary to address the trade deficit with China. South Korea’s trade surplus with China has been shrinking every year until it turned into a deficit in October last year, marking 12 consecutive mont
The U.S. Inflation Reduction Act (IRA) has been found to significantly impact the sales volumes of automobile manufacturers in the global electric vehicle (EV) market, excluding China.According to a study by the energy market research firm SNE Research, the number of EVs registered in regions outsid
On Dec. 31 last year, Hyundai Motor signed a memorandum of understanding (MOU) with the Saudi Arabian government to expand car production within Saudi Arabia.Industry sources reported on the 17th that Hyundai is set to finalize this agreement with the Saudi government this month, merely nine months
HiteJinro, a major player in the liquor sector in South Korea, is gearing up to establish its first overseas factory in Vietnam as it approaches its 100th anniversary next year. This move is a cornerstone of their strategy to globalize the soju business.HiteJinro announced on Oct. 16 that HiteJinro
Korea’s information and communications technology (ICT) exports fell 13.4 percent year on year in September. The decline rate hit the lowest of the year thanks to semiconductor exports, which posted this year’s best performance in September.According to September ICT import and export data from the
Samsung Electronics is considering the adoption of MicroLED technology for its Galaxy Watch. This move is perceived as a strategy to rapidly seize the MicroLED market while intensifying competition with the Apple Watch.On Oct. 16, Samsung Electronics announced through their newsroom that they are in
The author is an analyst for NH Investment & Securities. He can be reached at yd.yoon@nhqv.com -- Ed.We expect Samsung Securities to emerge as a high dividend large-cap stock, foreseeing 2023 DY of 7.2%. Despite difficult industry conditions, stable earnings should continue over 2023~2024 on outstan
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.HiteJinro’s profitability likely continues to be sapped by both rising manufacturing costs and heftier marketing costs. However, we believe that concerns toward its earnings are already largely baked i
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com --- Ed.Considering both the incorporation of its Philippines business as a consolidated subsidiary and product price hikes at rivals, Lotte Chilsung’s share price momentum is primed to strengthen towards end
AI momentum, which was prevalent earlier this year, has dried up for now, but AI businesses continue to grow. NAVER’s earnings should remain stable in 3Q23, and 4Q23 should see significant growth thanks to peak seasonality and commerce commission fee billing.Expect significant growth on peak seasona
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.We lower our earnings outlook and TP considering slowing OLED TV demand and a declining market share. However, as customer order volume is likely to improve and market share recovery is expected in
The three major South Korean shipbuilders – HD Korea Shipbuilding & Offshore Engineering (KSOE), Hanwha Ocean, and Samsung Heavy Industries – are likely to simultaneously achieve a quarterly profit in the third quarter of this year, marking the first time in 11 years.According to the shipbuilding an
The Financial Supervisory Service (FSS) has uncovered common illegal short selling practices by a global investment bank (IB) for the first time.According to the announcement from the FSS on Oct. 15, a Hong Kong-based global IB, hereinafter referred to as Company A, submitted short selling orders wi