The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 2Q22 sales to come in at KRW569.9bn (+11% YoY)We now expect Hyundai Autoever to report operating profit of KRW25.3bn (-25% YoY, +13% QoQ) on sales of KRW56
The authors are analysts of Shinhan Investment Corp. They can be reached at ym.ko@shinhan.com and doyeon@shinhan.com, respectively. -- Ed. Equipment stock performance and market conditionsShort-term correction triggered by worries over slowing demandShare prices of IT equipment suppliers dropped sig
The author is a strategist of NH Investment & Securities. He can be reached at lawrence.kim@nhqv.com. -- Ed. Economic outlook: Faced with all-too-familiar difficulties- Economy:1) The OECD’s economic leading indicators for major countries have been on the decline after peaking in 2Q21, sinking below
Samsung Electronics Vice Chairman Lee Jae-yong returned from a business trip to Europe in the middle of June after wrapping up talks with ASML about the introduction of next-generation extreme ultraviolet (EUV) lithography equipment from the Dutch semiconductor equipment maker.Lee met with ASML CEO
LG Energy Solution is reconsidering its plan to build a new cylindrical battery plant in Arizona of the United States.The company announced on June 29 that it would rethink about the timing and scale of the investment plan due to worsening economic conditions. It announced in March that it would inv
KB Kookmin Bank announced on June 28 that it has jointly arranged financing for JFK New Terminal One project with global banks, including MUFG, SMBC and ING Bank.JFK International Airport is one of the largest airports in the United States, but is in need of redevelopment due to the recent deteriora
So-called “aristocratic labor unions” are attempting to raise wages by hundreds of millions of won, citing price hikes. Labor unions of major Korean conglomerates are putting pressure on the management by threatening to go on strike if their wage demands are not met, even in the midst of a stagflati
The Financial Supervisory Service is inspecting Woori Bank as one of the bank's branches in Seoul is involved in foreign exchange transactions suspected of money laundering.According to reports, a total of 800 billion won was remitted overseas through about 400 transactions at the bank's Eun
The Korean Ministry of Food and Drug Safety (KMFDS) has authorized South Korea's first homegrown COVID-19 vaccine from SK bioscience.South Korea has become one of the few countries in the world to have both a domestically developed COVID-19 vaccine and a treatment.SKYCovione is a self-assembled
The authors are economists at Shinhan Investment Corp. They can be reached at chee@shinhan.com. – Ed. Fears over repeat of the China-triggered crisis of 2016Concerns are rising over the decoupling of monetary policies between the US and China. The 2Y US Treasury yield has increased further to exceed
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Recently, exports of domestic color cosmetics products to Japan have been strong. Among them, IFamilySC’s lip tint products are showing high popularity. Despite the weak yen, the firm’s Japan sale
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In May, nationwide pre-sale volume amounted to 17,000 units, with a subscription ratio of 7:1. Although the number of undersubscribed pre-sale sites remained similar m-m at six, subscription rati
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. In line with recovering demand for color makeup, orders for C&C International’s lip makeup products have been expanding. The firm is expected to book relatively sound earnings in 2Q22 thanks to: 1)
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. In May, monthly global smartphone sales fell below 100mn units for the first time since May 2020. A full-fledged recovery is expected in September, when major new products are to be launched by gl
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Kakao Games is achieving sales diversification via the success of Umamusume. Despite concerns over the IPO of subsidiaries, expectations remain in play for 2H22 earnings growth and new lineup lau
Hanwha Solutions has come one step closer to becoming the world’s first company to mass-produce solar cells using perovskite. Perovskite cells are called a game changer in the photovoltaic market as they are superior to silicon photovoltaic cells in terms of efficiency, prices, production cost and f
LG Electronics' automotive electronics business is expected to enjoy the first surplus in 26 quarters in the second quarter of this year. Its order intake is expected to approach 70 trillion won by the end of this year. On June 28, ZKW, a subsidiary of LG Electronics, announced that it signed a
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Considering its net cash holdings, stakes in subsidiaries, and real estate assets, we view ESTsoft’s recent share price drop as being excessive. The firm’s AI and metaverse businesses, inclu
Samsung Electronics will start volume production of 3-nm semiconductors based on gate all-around (GAA) technology on June 30. The Korean semiconductor giant has laid the foundation to catch up with Taiwan TSMC, the global No. 1 foundry company.Samsung Electronics will officially announce mass produc
Hyundai Mobis has recaptured 6th place in the global auto parts company rankings in five years.The company announced on June 28 that it nabbed 6th place in the list of top 100 auto parts makers (2022 Top Suppliers) announced by Automotive News, a world-class automobile media outlet.Automotive News a