The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed.Media speculates separation of subsidiaries from LG Corp.— According to media reports, LG Corp. senior adviser Koo Bon-joon is considering separating LG International, LG Hausys and Pantos Logistics from the group
The author is an analyst of NH Investment & Securities. They can be reached at jaemin.ahn@nhqv.com. -- Ed. We believe that it is time to begin reflecting expectations for Netmarble’s new games, including Seven Knights 2 and Marvel Realm of Champions. Continuing to enjoy stable overseas sales, Netmar
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Wonik IPS’s 3Q20 results exceeded consensus, led by strong display equipment sales to Chinese clients. In 4Q20, earnings are likely to turn to the red due to reduced investment at chipmakers. In 2021,
For the 10th consecutive year, Samsung has been selected as the most favored brand among Russian consumers.Samsung ranked first in the 2020 Top 20 Brands list recently announced by Russian brand market research firm Online Market Intelligence (OMI).Samsung came in with 17.9 percent of the votes. How
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. Favorable momentum at Hyundai CE’s Chinese subsidiary partly offset the effects of sluggish earnings in other regions. However, as the firm holds an effective stake of only 36% in the Chinese
The author is an analyst of NH Investment & Securities. He can be reached at will.byun@nhqv.com. -- Ed. Hyundai Steel’s 3Q20 results confirm a recovery in CR product sales. Although the pace of earnings improvement is slow, the gradual recovery should sustain. However, as the firm’s share price alre
The authors are analysts of Shinhan Investment Corp. They can be reached at yjjung86@shinhan.com and ik.jung@shinhan.com, respectively. -- Ed. 3QOP likely in line with consensus at KRW18.5bn (+18.3%YoY)Iljin Materials is expected to have recorded 3Q20 operating profit of KRW18.5bn (+18.3% YoY) on sa
The author is an analyst of KB Securities. She can be reached at shinay.park@kbfg.com. -- Ed. Target price raised to KRW195,000; stock to maintain upward trajectory We maintain BUY and raise our TP by 15% to KRW195,000 for E-mart. Our new TP reflects: (1) Upward revisions to 2020E/2021E OP by of 29%
The author is an analyst of NH Investment & Securities. He can be reached at william.ku@nhqv.com. -- Ed. With Sanofi confirming its decision to return the rights for Efeglenatide, we expect Hanmi to book unpaid R&D expenses in its accounting, leading to a large-scale operating loss in 3Q20. We maint
The Korea Trade-Investment Promotion Agency (KOTRA) announced on Oct. 11 that 5,800 foreign-invested enterprises in South Korea recorded total exports of US$100.3 billion last year. The sum is equivalent to 18.5 percent of South Korea’s total exports for the same period.For the first seven months of
Daewoo Engineering & Construction (E&C) has completed Kazungula Bridge over the Zambezi River in Botswana, Africa.Daewoo E&C said on Oct. 8 that it received a taking-over certificate from the Botswanan and Zambian governments on Sept. 5, along with a certificate of 10 million accident-free hours.The
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Using biogases generated from sewage treatment plants, GnCenergy operates 11 domestic biogas power plants. We positively view anticipated orders for projects related to refurbishing sewage treatme
About four out of 10 startups that have entered foreign markets targeted the global market from the beginning, a KOTRA survey has found.KOTRA conducted a survey on 135 Korean startups with CEOs under 39 years old that entered overseas markets with innovative technology.Startups that started a busine
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. Despite a reduction in display equipment orders, SFA is expected to secure around W1tn-worth of new orders this year on an uptick in non-display equipment orders. In 2H20, its portion of non-display or
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. As a global materials/parts supplier for eco-friendly energy players, Vinatech is expected to benefit from an uptick in supercapacitor and fuel-cell materials/parts (supports, catalysts, MEA
The authors are analysts of Shinhan Investment Corp. They can be reached at yjjung86@shinhan.com and ik.jung@shinhan.com, respectively. -- Ed. Stronger-than-expected demand in 3QHankook Tire & Technology’s 2Q20 earnings turned out decent amid sluggish demand from the US and Europe, but uncertainty h
The authors are analysts of Shinhan Investment Corp. They can be reached at johnsoh@shinhan.com and chank@shinhan.com, respectively. -- Ed. Earnings surprise in store for 3Q20SK Materials is expected to deliver an earnings surprise for 3Q20. Operating profit should come in at KRW66.1bn (+16.9% QoQ,
Korea Exchange announced on Aug. 26 that individual investors bought 134.4 billion won of KOSDAQ stocks in just four days and the KOSDAQ trading value hit an all-time high of 17,090.8 billion won that day. In KOSPI, the investors’ net buy totaled 192.6 billion won that day, the first buy since Aug.
Hanmi Pharmaceutical announced on Aug. 18 that it will announce the results of its clinical trial and pre-clinical trial research on LAPSTriple Agonist (HM15211) at the International Liver Congress of the European Association for the Study of the Liver (EASL), which will be held online from Aug.27-2
The author is an analyst of Shinhan Investment Corp. She can be reached at Heeyeon.lim@shinhan.com. -- Ed. 2Q20 preliminary net profit in line at KRW105.8bn (+50.6% YoY)Meritz Fire & Marine Insurance posted preliminary operating profit of KRW147.1bn (+49.1%YoY) for 2Q20. Net profit of KRW105.8bn (+5