The author is an analyst of Shinhan Investment Corp. He can be reached at shawn1225@shinhan.com. -- Ed. Licensing-out deal worth KRW4.7tr signed with a global top 10 pharmaAlteogen disclosed on June 24 that it has entered into a global license agreement with a top 10 pharmaceutical company for use o
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. 1) Solar energy marketSolar energy installations to slide for first timeGlobal solar energy installations are projected to slip 7% y-y to 110GW in 2020. While more than 130GW in installations was ex
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. EU announces European Green Deal roadmapIn Dec 2019, the EU announced the European Green Deal roadmap, including policies in a range of areas (eg, industry and trade) aimed at reducing greenhouse ga
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Apple unveiled its own PC processor at the recent WWDC, an advance that will empower it with greater control over the development of its PC products. The rapid drive at big-name IT players to develop
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. CS Bearing supplies wind turbine bearings to global top-tier wind turbine maker GE. In addition to capacity expansion in Vietnam, CS Bearing is also focusing upon expanding its client base via its l
SK Biopharm’s stock subscription on June 23 and 24 attracted a deposit of 30,988.9 billion won and ended with a competition rate of 323.02:1. A total of 1,264.85 million applications were made for 3,915,662 general subscription shares. The deposit is an all-time high. The previous high is Cheil Indu
The Bank of Korea announced on June 24 that the ratio of the private-sector credit to the nominal GDP reached 201.1 percent at the end of March this year, topping 200 percent for the first time in history. The ratio increased by 4.1 percentage points in three months to show the highest rate of incre
The Ministry of Trade, Industry and Energy has finalized its latest plan to assist in 10 selected companies’ business reorganization.Such plans of the ministry started in 2016 and a total of 128 companies have benefited from the plans. The purpose of the plans is for the government to provide assist
Samsung Electronics has appointed Sebastian Seung, a professor at Princeton University who is regarded as one of the world’s most renowned experts in artificial intelligence, as the head of Samsung Research, an integrated research organization of Samsung Electronics.Samsung Research consists of 15 R
A Korean electronic parts producer has successfully commercialized an ultra-low power semiconductor for 5G telecommunications with technological support from the Korea Evaluation Institute of Industrial Technology (KEIT), the state-run R&D institute said on June 24.Zaram Technology, a small and medi
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. As a pure PV player in Korea, HES is set to enjoy share price growth momentum in line with the strengthening of renewable energy policies in the domestic and overseas markets. While short-term earni
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. Thanks to renewable-related support policies connected with economic growth packages to weather Covid-19 impacts, CS Wind is likely to enjoy stronger order momentum in 2H20. Also positive, given tha
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. We are now seeing a strengthening in both of the two keys to renewable energy industry growth, namely government support policies and economic feasibility. Accordingly, the pace of industry expansio
The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed. Maintain BUY but raise target price to KRW32,500We raise our TP for Doosan Bobcat by 30% to KRW32,500 (12m fwd BVPS x 0.74x target P/B) from KRW25,000 to reflect 2020/21 NP (attributable to controlling interests)
The author is an analyst of KB Securities. He can be reached at swhong@kbfg.com. -- Ed. Reiterate BUY but cut target price to KRW250,000We cut our 12m TP by 7.4% to KRW250,000 from KRW270,000. 2020/21 NP estimates were revised down 19.4%/11.3% and 36m fwd ROE was lowered 0.18pp to 4.48%. A change to
The author is an analyst of KB Securities. He can be reached at yc.baek@kbfg.com. -- Ed. Fire at PTA factory in YeosuSamnam Petrochemical’s Yeosu PTA factory caught on fire after explosions were heard around 8:00 p.m. on June 22, according to news agency Yonhap News. Firefighters managed to contain
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. We see Korea’s current REITs market environment as being favorable for both suppliers and investors. This favorable direction includes recent improvements to the system for promoting publicly off
Hyundai Heavy Industries announced on June 23 that it will integrate the Shipbuilding Business Division and Offshore Business Division on July 1 as the latter has little work to do.The shipbuilder plans to relocate workers of the Offshore Business Division to the Merchant Ship Section to prevent the
VUNO, a Korean startup specializing in artificial intelligence-based medical solutions, said on June 23 that five of its AI-based diagnosis software products have won the Conformite Europeenne (CE) certification as Class IIa medical imaging solutions.The five are VUNO Med-BoneAge, VUNO Med-DeepBrain
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Looking undervalued due to a variety of discount factors, DAOU Technology’s 2020E P/E currently sits at only 4.6x. With the value of its main business growing significantly as of late, we note tha