OLED panels accounted for 42 percent of the global smartphone display panel market in 2021, up 10 percentage points compared to the previous year, according to a report released by market research firm Counterpoint Research on Feb. 6. The growth pace of OLED smartphone panels is expected to slow dow
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Based on the growth of its wireless business in 2022, LG U+’s OP is to remain on an expansion track. But, the pace of this growth will likely be tempered by high-base effects from increased earni
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. KT should enjoy earnings growth this year, as both its wireless and non-telecom businesses are improving on an increase in 5G penetration rate. Given earnings expansion, DPS rise is anticipated.
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Innox AMC’s earnings continue to grow thanks to brisk downstream demand and client/product diversification. Of particular importance is the fact that the company’s margins continue to improve desp
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Following the spin-off into SKT and SK Square, SKT is now focused solely on telecommunications business. With stable earnings growth continuing and quarterly dividends in the pipeline, now is the
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. Despite having previously shown a minimal online penetration rate in Korea, the online used car category has recently been expanding at a rapid clip. Currently leading industry growth as a category ki
The authors are analysts of NH Investment & Securities. They can be reached at jiyong.im@nhqv.com.-- Ed. CES 2022 is meaningful in that while several companies were absent due to the spread of Covid-19, diverse platforms for metaverse were released. Global companies such as Sony unveiled various XR
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Lower TP by 9.1% from KRW110,000 to KRW100,000; Maintain BUY We maintain BUY on KT&G, but lower our TP by 9.1% from KRW110,000 to KRW100,000. The completion of pre-sales for the first Suwon Hwaseo Park Prugio
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. In 2022, SKT should display sales growth at its wireless business, with its overall profitability to improve on stabilized marketing expenses, reduced capex, and the spinning off of loss-incurrin
Hanwha Solutions announced on Nov. 18 that it will acquire a 16.67 percent stake in REC Silicon ASA, a leading producer of high-purity polysilicon, for a total of US$160.47 million.Headquartered in Fornebu, Norway, REC Silicon ASA, is running two polysilicon plants in the United States, supplying hi
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. In 2021, global smartphone shipments and sales have been weaker than expected, due to chip shortages and the re-proliferation of Covid-19. However, with the chip shortages easing and pent-up deman
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. We maintain a Neutral stance on the machinery sector. Industrial demand from China has turned downwards, and demand from DMs (including the US and Europe) is slowing gradually. Higher logistic
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Telecom companies are changing at an ever faster pace. Rapidly evolving on ventures into and growth within new business arenas, industry players merit expectations towards EV re-rating.Although s
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. While power shortages have become a global issue this year, the global community has firmly set its future direction on greater distribution of renewable ener
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Upon completion of the LG-LX equity swap between major shareholders (the last step in separating LG-LX affiliates), LG Corp should be freed from undervaluation woes stemming from overhang conce
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. KT is cruising on tailwinds, characterized by: 1) stable growth at its telecom business alongside expanding 5G market penetration; and 2) meaningful earnings performances at its growth businesses
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Moving ahead, Cosmax’s Chinese subsidiary should see an increase in orders, despite heated competition in China, and the domestic subsidiary should keep growing on solid sales of hit products. Meanwhi
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Three breakthroughsConcerns are high over intensifying competition and slowing consumption in the Chinese cosmetics industry. However, we believe that the share prices of Korean cosmetic companies exc
The authors are analysts of Shinhan Investment Corp. They can be reached at chank@shinhan.com and hyungwou@shinhan.com, respectively. -- Ed. 3Q21 sales exceed consensus at KRW58.6bn (+44.3% YoY)Duk San Neolux posted sales of KRW58.6bn (+44.3% YoY) and operating profit of KRW16.3bn (+45.8% YoY) for 3
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Alongside a steady expansion in 5G subscriber base, LG U+ is enjoying a downward stabilization in marketing expenses and capex, which is altogether contributing to OP improvement. We expect to se