The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.2Q23 review: Booking of mostly one-off costs already knownAmorepacific posted 2Q23 consolidated sales of KRW945.4bn (flat YoY) and operating profit of KRW5.9bn (positive swing YoY). Sales came in line with
The demand for high-performance memory semiconductors essential for AI chips is experiencing explosive growth due to the escalating demand for AI chips among global tech companies involved in the cloud server business. Consequently, there are high expectations for the upcoming business prospects of
As Japan has set a national goal of “Semiconductor Leadership Recovery,” it is pouring a significant investment into semiconductor company Rapidus. However, Rapidus has recently run into an “emergency to secure profitability.” The company set a goal to mass-produce advanced 2-nanometer semiconductor
Medytox announced on July 19 that it has signed a supply contract with Vietnamese local distributor PCVN for Neuraderm. PCVN, with over 500 hospitals and spas across Vietnam as its main points of sale, is a medical device and cosmetics distributor that supplies its own brands and partner company pro
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.We now expect Amorepacific to post consolidated operating profit of KRW50.3bn (positive swing YoY) on sales of KRW988.2bn (+5% YoY) for 2Q23, falling short of our previous forecasts by a wide margin. While
The author is an analyst for Shinhan Securities. She can be reached at kimaram@shinhan.com -- Ed.YLAB is a webtoon studio that has published popular titles like Island, Reawakened Man, Terror Man, Get Schooled, Reality Quest, and Study Group on NAVER Webtoon. Some of these stories are set in a share
Nvidia’s stock price has nearly doubled since the beginning of the year due to the artificial intelligence (AI) craze. Therefore, the U.S. semiconductor company surpassed US$1 trillion (about 1,275 trillion won) in market capitalization at the close of trading on June 13 (local time), becoming the s
Americans prefer the Samsung brand over Apple, according to a survey. Samsung ranked 7th among the brands loved by Americans, while Apple came in at 10th.On May 31, CNBC cited the results of the “2023 Axios Harris Poll” on the top 100 brands loved by Americans.In the survey released by Axios on May
TmaxSoft, a leading system software company, announced on June 1 that it has been selected as a partner for Amazon Web Services' “AWS ISV Accelerate Program.”The AWS ISV Accelerate Program is a co-sales program for companies that provide solutions running on or integrated with the AWS cloud. Par
Following China, the United States has also cut back on Korean semiconductor imports.Korean semiconductor exports to the United States fell 68.6 percent year on year in April, according to a report on the characteristics and implications of Korea’s semiconductor demand structure released by the Bank
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.As the global number-one satellite antenna provider, Intellian Tech enjoys sound earnings growth in line with global VSAT market expansion. Its earnings growth should accelerate further going forward
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Nasmedia registered an earnings shock for 1Q23 on heavier-than-expected damage to core business earnings amid an economic slowdown. Reflecting such, we lower our TP to W30,000, but stick to a Buy ra
A number of high-profile mergers and acquisition (M&A) deals were made in the entertainment industry recently. Kakao and HYBE's investment in SM Entertainment is a recent good example.Korean showbusiness companies are partnering with blockchain platforms for metaverse platforms or the non-fungib
According to its first-quarter earnings report filed with the U.S. Securities and Exchange Commission (SEC) on May 10, Coupang reported sales revenue of US$5.53 billion in the first quarter of 2023. The figure represented an increase of 13 percent from the same period of 2022.“The reason why Coupang
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q23 operating profit meets expectationsClio Cosmetics posted consolidated operating profit of KRW5.2bn (+44% YoY) on sales of KRW75bn (+14% YoY) for 1Q23, meeting our estimate and the market consensus. Sa
Samsung Electronics Chairman Lee Jae-yong is finalizing the schedule to meet Apple CEO Tim Cook and Google CEO Sundar Pichai during his visit to Silicon Valley during a business trip to the United States that will last until mid-May. It is analyzed for the purpose of envisioning Samsung’s future bus
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. He can be reached at jaemin.ahn@nhqv.com -- Ed.We look forward to change of NCSOFT. Preparations are underway to reduce its sales portion for MMORPG titles (which has served as a disadvantage) and its domestic-centered business structure. If th
More than 500 people from the global information technology (IT), consumer electronics and platform industries are participating in the Connectivity Standards Alliance (CSA) that will run for four days from March 20. Participants include mobile and home appliance companies such as Samsung Electronic
Amid sluggish business performances and an economic recession, U.S.-based big tech companies are restructuring. Samsung Electronics’ U.S. semiconductor subsidiary Device Solutions Americas (DSA) also recently laid off employees.According to industry sources in Silicon Valley on March 7 (local time),