Korea Exchange announced on June 22 that the ratio of day trading in the South Korean stock market amounted to 85.3 percent for the first 17 days of this month. For reference, the ratio was 51.4 percent in March and 84 percent last month.It explained that foreign and institutional investors’ day tra
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed.Despite rising stewardship code adoption and the NPS’s ongoing efforts to encourage socially responsible investment, shareholder participation and ESG integration activities have remained somewh
The author is an analyst of NH Investment & Securities. He can be reached at william.ku@nhqv.com. -- Ed. A large number of pharmaceutical/bio players, particularly testing kit companies, have been seeing earnings expansion amid the Covid-19 outbreak. With share prices of related treatment and vaccin
The authors are analysts of NH Investment & Securities. They can be reached at j.ko@nhqv.com. -- Ed. During our Korea marketing tour, investors expressed high interest in the EV/rechargeable battery industry. Investors believe that it has comparative advantage over other industries as it possesses i
The government's move to introduce a stock transfer tax has sparked off controversy among investors. Some stock investors say that the government’s move may dampen the stock market at a time when household funds are just beginning to flow into the stock market.In particular, the absence of a tax
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed.The securities sector has been hit hard by Covid-19. In 1Q20, in line with global stock market plunges, the sector suffered sizable losses related to ELS hedging, and the majority of securities
With KOSPI rapidly ascending and descending after having regained 2,000 points, investors’ deposit hit an all-time high of close to 50 trillion won and their stock purchase based on money borrowed from securities companies topped 12 trillion won for the first time ever.The Korea Financial Investment
Korea Securities Depository announced on June 16 that South Korean investors’ foreign securities settlement totaled an all-time high of US$129.97 billion from Jan. 1 to June 12. For reference, the settlement was US$84.06 billion in the first half of 2019 and it rose 56 percent year on year to US$171
SK Group has invested 150 million yuan (25.6 billion won) in a semiconductor subsidiary of BYD, China's largest electric vehicle (EV) company. The investment is aimed at gaining a technological advantage in EV batteries, automotive semiconductors and autonomous vehicles in the global market as w
Korea Securities Depository announced on June 15 that 1,094 billion won of ELS have been redeemed earlier than scheduled since the beginning of this year. For reference, the early redemption value was 102.8 billion won last month and 5,008.1 billion won one year ago.Although the current value is ver
The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed. Expectation of IPO for SK BiopharmSK Holdings stock skyrocketed 16.5% (as of 10:50 a.m.) on expectations of an IPO for SK Biopharm. Last month, the wholly owned subsidiary submitted a stock registration statement
The won-dollar exchange rate, which closed at 1,197.7 won per U.S. dollar on June 9, topped 1,200 won on June 12.The U.S. dollar deposit balance in KB Kookmin, Shinhan, Woori, Hana and NH Banks totaled US$47.001 billion on June 11. The amount increased 4.5 percent this month alone as a strong dollar
Korea Exchange announced on June 14 that the average daily trading value in KOSPI was 13,855.6 billion won for the first 10 trading days of this month. On June 11, the sum of those in KOSPI (16,987.1 billion won) and KOSDAQ (13,508.5 billion won) topped 30 trillion won for the first time ever.The in
The author is an analyst of NH Investment and Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Hotel Shilla’s DFS sales slightly recovered in May on the Korea Custom Service’s decision to allow DFS inventories to be distributed in the domestic market as well as overseas markets via internat
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY and raise target price to KRW13,000We maintain BUY and raise our TP by 18% to KRW13,000 (derived with residual income valuation) for Partron. Our TP (12.3x implied P/E; 10.9x 12m fwd P/E) reflects: (
The authors are analysts of KB Securities. They can be reached at hyejung.jung@kbfg.com and seongjin.kang@kbfg.com, respectively. -- Ed. I. Domestic Market for Nuclear Power Plants to Shrink1. Construction to begin downward trajectory in 2024KEPCO E&C revenue will be largely curtailedThere will be n
The authors are analysts of Shinhan Investment Corp. They can be reached at minseo.cho@shinhan.com and kimkuyri@shinhan.com, respectively. -- Ed. Agtech = Agriculture + TechnologyAgtech refers to the application of cutting-edge tech in agricultural food production. The need for agtech is growing on:
Creditors of Asiana Airlines demanded on June 10 that HDC Hyundai Development disclose conditions for its takeover of the ailing airline, after the potential buyer called for renegotiations of the takeover terms, citing the devastating impact from the COVID-19 pandemic."We welcome HDC Hyundai Develo
The South Korean government will soon launch a program to purchase corporate assets worth over two trillion won as part of its efforts to help companies secure funds and overcome the COVID-19 crisis, Finance Minister Hong Nam-ki said on June 11.Hong presided over the 6th Meeting of the Central Econo
The Ministry of Justice is planning to amend the Commercial Act and enterprises are expressing concerns over adverse effects such as intervention in management by speculative capitalists. The purpose of the revision is to introduce audit committee member appointment separate from directors selected