The authors are analysts of NH Investment & Securities. They can be reached at kyuha.lee@nhqv.com, hwdoh@nhqv.com and j.ko@nhqv.com, respectively. – Ed. With second-largest smartphone maker Huawei hit hard by US sanctions, the smartphone market will likely be dominated again by two giants SEC and Ap
The authors are analysts of NH Investment & Securities. They can be reached at kyuha.lee@nhqv.com, hwdoh@nhqv.com and j.ko@nhqv.com, respectively. – Ed. Handset/IT Parts: PositiveFacing tougher US sanctions, Huawei will be hard-pressed to procure smartphone parts—starting to appear are worst case sc
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Mid/long-term efforts by management are underway to overhaul HyundaiWia’s business structure, which is focused on the production of internalcombustion engines. While its customer diversification
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Contraction in global demand has weakened since April; positive y-y growth likely from OctoberIn Jul 2020, global auto sales stood at 6.68mn units (-6.8% y-y). After having passed a bottom in Ap
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Policy changes amid re-proliferation of Covid-191. Dine-out industry to be hit hard by step 2.5 of social distancing measuresCustomer traffic to tumble in dine-out industryWith the government recently
The author is an analyst of Shinhan Investment Corp. He can be reached at snowKH@shinhan.com. -- Ed. Resurgence of COVID-19 cases → Further growth in demand for RemoteViewRsupport is at the center of a paradigm shift caused by COVID-19. Growing demand for RemoteView in Japan amid the continued sprea
Hyundai Motor Co. announced on Aug. 10 the launch of its new IONIQ brand dedicated to battery electric vehicles, opening a new chapter as a leader in the era of electrified mobility. Under the IONIQ brand, Hyundai will offer customer-centric EV experiences centered on connected lifestyle solutions i
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. We believe that amid changes in the industry environment, global automakers’ shares are undervalued (valuation discounts applied) despite their long-term competitiveness. Moving ahead, we believ
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. AmorePacific’s 2Q20 OP fell 59.9% y-y, meeting the recently lowered consensus. In 2H20, sluggish DFS and offline store sales look inevitable. However, the firm’s long-term strategic direction (includi
The author is president and CEO of SK Energy. -- Ed.As-is recognition and direction of changeSince its establishment in the 1960s and as Korea's first domestic oil company, SK Energy has been at the forefront of building Korea into a global economic powerhouse and major exporter. It is a global
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Automotive electrification trend cemented further by Covid-19 crisisAmid the Covid-19 crisis, uncertainties towards the global automotive industry have further expanded on an abrupt contraction
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Tesla books OP for fourth quarter in a rowDespite Covid-19 effects, Tesla booked OP for 2Q20. The automaker has expanded its global presence on: 1) a credit sales upsurge; 2) free cash flow impr
Hyundai Motor Co. announced on July 29 that it has won two 2020 Future Mobility of the Year (FMOTY) Awards for HDC-6 NEPTUNE and the company’s built-in e-scooter.Established by the Korea Advanced Institute of Science and Technology (KAIST) Graduate School for Green Transportation in 2019, the awards
LG CNS has launched an application modernization (AM) task force and will focus on expanding its AM business in the second half of this year.AM refers to modernization of legacy applications. It is designed to create new business value from existing, aging applications by updating them with modern f
Kia Motors’ plan to change its production system for the era of electric vehicles is being blocked by unionized workers. This is in stark contrast to what is going on in Hyundai Motor Co., where employers and employees are trying to work more closely together in order to better adapt to the ongoing
Hyundai Motor Co. announced on July 6 that it has shipped the first 10 units of the Hyundai XCIENT Fuel Cell, the world’s first mass-produced fuel cell heavy-duty truck, to Switzerland. The company plans to ship a total of 50 XCIENT Fuel Cells to Switzerland this year, with handover to commercial fl
Samsung Electronics announced on July 6 that researchers at the Samsung Advanced Institute of Technology (SAIT) discovered a new material, called amorphous boron nitride (a-BN), in collaboration with Ulsan National Institute of Science and Technology (UNIST) and the University of Cambridge.Samsung s
Hyundai Motor Co. is showcasing its hydrogen and mobility solutions at the H2Mobility + Energy Show 2020 in Korea on July 1-3, 2020.On display will be the HDC-6 NEPTUNE Concept, a hydrogen-powered Class 8 heavy-duty truck; mobile fuel cell generator; and a scale model of its smart mobility ecosystem
The author is an analyst of Shinhan Investment Corp. He can be reached at snowKH@shinhan.com. -- Ed. Initiate coverage with BUY rating and target price of KRW12,000We initiate our coverage of Rsupport with a BUY rating for a target price of KRW12,000, based on 2021 EPS forecast of KRW490 and a targe
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Global auto demand outlookIn April, global auto sales fell to 3.97mn units (-44.8% y-y), showing a steeper y-y decline versus the March level (-37.9% y-y), weighed upon by lockdown measures sinc