The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. Earnings turnaround: Industrial materials, fashion, and film businessesWe expect operating profit at Kolon Industries to rebound to KRW294.6bn (+93% YoY) in 2021. The industrial materials div
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 1Q21 OP beats consensus at KRW69.1bn (+160% YoY)Kolon Industries reported operating profit of KRW69.1bn (+160% YoY) for 1Q21, exceeding the consensus estimate of KRW54.5bn. The industrial mat
Kolon Industries is stepping up its efforts to expand its presence in the global foldable display markets with its colorless polyimide (CPI) films.The company announced on May 3 that its CPI films will be used for Xiaomi's first foldable phone Mi Mix Fold. Xiaomi aims to sell 500,000 units of th
Kolon Industries is speeding up the expansion of its tire cord production facilities in Vietnam to cope with growing demand for tire cords.While the expansion work is scheduled to be completed in September next year, the company has already received approval on the quality of the product from major
A transparent polyimide (PI) film product developed by Kolon Industries has been used for the world's first foldable laptop.Kolon Industries, a chemical and material affiliate of Kolon Group, announced on April 5 that its transparent PI film, dubbed "CPI Film," has been used as a cover window fo
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Business diversification is underway at construction companies based on ample cash liquidity secured via strong housing business over the past five years. During lulls in real estate-related news
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 4Q20 OP beats consensus at KRW60.4bn (+111%QoQ)Kolon Industries reported operating profit of KRW60.4bn (+111%QoQ) for 4Q20, exceeding the consensus estimate of KRW53.5bn. The industrial mater
Kolon Life Science may have to pay about 43 billion won in damages to Mitsubishi Tanabe, a Japanese pharmaceutical company, depending on the outcome of mediation by the International Chamber of Commerce (ICC), the company said in a public disclosure on Jan. 12.In detail, Kolon Life Science will have
Kolon Industries announced on Jan. 12 that it has decided to expand its polyester tire cord plant in Vietnam to boost its annual production capacity by 19,200 tons.The company built a PET tire cord plant with an annual capacity of 16,800 tons in Binh Duong Province of Vietnam in 2018. The expansion
Kolon Industries has established a system to mass-produce polymer electrolyte membranes (PEMs), a key material for fuel cells for hydrogen cars, the company announced on Nov. 19.Kolon Industries is planning to complete the establishment of a PEM mass-production line in Gumi within November and start
KI Global Co., a Korean clothing producer, has launched its own brand for smart dolls, "DdogU." The company has developed dolls that can freely transform into raincoats and back again, like a robot that switches into a vehicle and back again. The product is designed to help children on their way to
Korea Exchange decided on Nov. 4 to delist Kolon TissueGene. Previously, it turned out that its Invossa-K, the world’s first gene therapy product for osteoarthritis patients, contains renal cells instead of chondrocytes and the Ministry of Food and Drug Safety canceled its approval in May last year
South Korean companies are making proactive investments with hydrogen expected to account for 18 percent of the global energy demand in 2050.For example, Hyundai Motor Group is planning to invest a total of 7.6 trillion won in the hydrogen industry to create 51,000 jobs there and produce 500,000 hyd
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 3Q20 operating profit to miss consensus at KRW34.8bn (-5% QoQ)Kolon Industries is forecast to report operating profit of KRW34.8bn (-5% QoQ) for 3Q20, missing the market consensus of KRW38.9b
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 2Q20 OP in line at KRW36.8bn (+39% QoQ)Kolon Industries’ 2Q20 operating profit of KRW36.8bn (+39% QoQ) met our KRW33.8bn estimate. By division, operating profit from industrial materials came
The Seoul Central District Prosecutors' Office requested an arrest warrant for former Kolon Group chairman Lee Woong-yeol on charges of violating the Pharmaceutical Act, fraud and breach of trust.The prosecution has been investigating allegations surrounding Invossa K, a gene therapy drug for os
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed. 2Q20OP likely in line with consensus at KRW33.8bn (+27% QoQ)We expect Kolon Industries to report operating profit of KRW33.8bn (+27% QoQ) for 2Q20, in line with market consensus of KRW34.8bn.
The author is an analyst of Shinhan Investment Corp. He can be reached at jinmyung.lee93@shinhan.com. -- Ed.Continued efforts for business model innovationSKC shares recently soared to a new high, bouncing back from correction caused by the COVID-19 pandemic. We believe this is attributable to manag
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Global smartphone sales in March saw accelerating m-m decline due to the impact of Covid-19. In April, the downtrend is likely to expand further due to lockdowns in major countries. By region, Chi
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. In light of recovery in the Chinese market and increasing shipments of PI film for the IT industry, we raise our earnings estimates and TP for SKC Kolon PI, believing that its strong product diver