Singaporean investment firm Temasek Holdings has sold off part of its stakes in Celltrion and its distribution affiliate Celltrion Healthcare in a block deal on March 21.The Singapore sovereign wealth fund reportedly sold 390 billion worth of Celltrion stocks and 170 billion won worth of shares in C
SsangYong Motor’s commercial creditors have opposed Edison Motors’ acquisition of the troubled automaker, demanding that the company find a new investor.The commercial creditors filed a petition with the Seoul Rehabilitation Court to express their opposition to the takeover of the insolvent automake
Boston Dynamics' quadrupedal robot ''Spot'' will be put into operation at firefighting sites in the United States.According to the New York Times on March 17, the New York Fire Department (FDNY) signed a contract with Boston Dynamics to purchase two Spot units. The canine robot i
The Bank for International Settlements announced on March 20 that South Korea’s credit-to-GDP gap amounted to 18.9 percent in the third quarter of last year, third-highest in the 43 countries it covered. According to the bank, South Korea’s household and corporate debts are increasing too fast and t
Car shipments by Hyundai Motor Co.'s Russian corporation have plummeted. Concerns are growing that the Korean carmaker’s profitability will deteriorate due to a plunge in the value of the Russian ruble.Hyundai Motor said on March 13 that its Russian corporation shipped 17,402 cars last month, do
The Russian government has announced that Russian enterprises and itself would repay their debts in ruble in relation to certain states. In the morning of March 8, the USD-RUB exchange rate was approximately 150 rubles per U.S. dollar, whereas it was 70 to 80 before the Russian invasion of Ukraine.U
The author is an analyst of Shinhan Investment Corp. She can be reached at inhae.ji@shinhan.com. -- Ed. Initiate coverage on entertainment sector with OVERWEIGHT viewThe combined market cap of four entertainment companies (HYBE, SM Entertainment, YG Entertainment, JPY Entertainment) has dropped 24%
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Cut target price 14.0% from KRW500,000 to KRW430,000 We maintain BUY on HYBE but lower our TP by 14% from KRW500,000 to KRW430,000 to reflect an increase in COE (8.40%→9.19%) in line with an increase in risk-
The Korea Economic Research Institute of the Federation of Korean Industries said on Feb. 17 that South Korea’s national debt-to-GDP ratio is estimated to increase 18.8 percentage points from 2020 to 2026, the highest among the 17 non-key currency countries in the OECD.“The ratios of Canada, Iceland
Naver Webtoon announced on Feb. 16 that the number of monthly active users (MAUs) exceeded 82 million in January. The figure reached 72 million in December 2020.As the number of global users swelled, the amount of paid transactions also increased. According to the company, monthly transactions toppe
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Despite tepid earnings in 2021, Netmarble’s share price is primed to rise this year in response to both earnings growth expectations and planned new game releases. The acquisition of SpinX Games
Professor Shim Hyung-jin at the Department of Nuclear Engineering of Seoul National University remarked that the South Korean government wasted 10.2 trillion won for the past five years by not maintaining the ratio of nuclear power generation at 30 percent.“The Moon Jae-in administration’s nuclear p
The author is a strategist of NH Investment & Securities. He can be reached at lawrence.kim@nhqv.com. -- Ed. Amidst a sustained decline of the global LEI, fears of faster-than-expected US monetary tightening are prevailing. However, it should be noted that the Fed’s aim is to normalize excessive mar
Naver Webtoon announced on Jan. 18 that its webtoon and web novel “Seven Fates: Chakho,” which was created through collaboration with the global boy band BTS, recorded 15 million cumulative views within two days of its global release. It is a new record among the company's works.Thanks to the re
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Netmarble likely endured 2021 OP decline, affected by delays in the launches of new games and relatively weak earnings. However, delayed games should see release this year alongside full-fledged
As the planned merger between Hyundai Heavy Industries Group (HHI Group) and Daewoo Shipbuilding & Marine Engineering (DSME) has been canceled, DSME’s financial structure remains uncertain.DSME is presumed to have suffered a net loss of 1.3 trillion won in 2021. Sales fell nearly 40 percent in 2021
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY, target price of KRW500,000 We maintain BUY and our TP of KRW500,000 on HYBE, which should post record-high quarterly OP in 4Q21. We expect inorganic growth supported by steady expansion of mains
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. We expect HYBE to post record-breaking earnings thanks to BTS concerts held in 4Q21. Expansion of HYPE’s IP range (artist, story) and platform ecosystem (community, NFTs, games) are to start alongs
HYBE has released pajama and pillow products and the products are causing controversy for unusually high prices. Each of the two pajama products has a price of 119,000 won and the price of the pillow is 69,000 won.According to the company, BTS member Jin participated in the planning of the products.
Coway Co announced on Dec. 15 that it will showcase its latest environmental home appliance innovations at the Consumer Electronics Show (CES) in January 2022. Coway invites CES 2022 attendees to the Venetian Expo, booth #52509, in Las Vegas, United States. Audiences can also visit the virtual ‘CES