The authors are analysts of Shinhan Securities. They can be reached at jhwon@shinhan.com and snowKH@shinhan.com, respectively. -- Ed.4Q22 preview: Earnings to come in line with consensusWe now expect PharmaResearch to post consolidated operating profit of KRW18.9bn (+49.5% YoY, operating margin of 3
Coway Co. announced on Jan. 16 that the company's Neo Plus Water Purifier CHP-264L has obtained the NSF-JWPA P508 certification from NSF for its water filtration ability in low-water pressure areas. This makes Coway the world’s first water purifier manufacturer to receive the NSF-JWPA P508 certi
Saudi Arabia's state-run oil company Aramco is expected to announce the engineering, procurement and construction (EPC) contractors for its 11 oil and gas field development projects in January at the earliest.Saudi Aramco plans to sign the EPC contracts on the 11 oil and gas field projects, incl
Hanwha Q CELLS will expand its solar module plant in the United States.On Jan. 10, the Atlanta Journal Constitution (AJC), a local media outlet in the U.S. state Georgia, reported that Hanwha Q CELLS is planning to build the largest solar module plant in the United States by expanding its plant in G
SK bioscience, a global innovative vaccine and biotech company, announced on Jan. 9 that the company's ‘SKYZoster’ shingles vaccine has been approved by the National Pharmaceutical Regulatory Agency (NPRA) in Malaysia.This is the second overseas approval of SKYZoster after Thailand in May 2020.S
The South Korean government announced on Jan. 8 that hydrogen produced in Malaysia and the UAE would be imported in 2027 and later for the purpose of power generation and export after conversion into ammonia.The hydroelectric power generation-based hydrogen in Malaysia is scheduled to be supplied by
South Korean defense companies’ new export contracts hit an all-time high of US$17 billion last year. This year’s figure is expected to be larger with demand for their products increasing in the United States, Australia, Europe, the Middle East, etc.Hanwha Aerospace is in a U.S. Army project with Os
Shareholders of Ssangyong Engineering & Construction Co. approved new directors appointed by Global Sae-A Group, which is the largest shareholder of the construction company, in an extraordinary meeting on Dec. 29.Global Sae-A Group is the world's largest apparel export company. It signed a stoc
TSMC’s 3-nm process initiation ceremony is scheduled for Dec. 29 in Taiwan. The world’s largest foundry recently announced that it would build a 2-nm plant in Hsinchu, and it would be put into operation in 2025. The ceremony and the announcement are to confirm that it will not reduce its business in
Samsung Heavy Industries has won a 2-trillion-won offshore plant order for the first time in three years.The company announced on Dec. 22 that it has won an order for an offshore production facility from a client in Asia. It kept details about the deal under wraps at the request of the shipowner. Ye
South Korean convenience store companies are expanding their business abroad. They are currently running more than 700 stores in Vietnam, Malaysia, Mongolia, etc.GS25’s first overseas store opened in Vietnam in 2018, when CU opened its first overseas store in Mongolia. CU is currently running 280 in
The U.K. Competition and Markets Authority (CMA) has accepted in principle the corrective measures submitted by Korean Air regarding its merger with Asiana Airlines. Accordingly, the CMA will listen to the opinions of those in the aviation industry before granting approval on the business combinatio
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. In 2023, we expect to see notable differentiations in terms of growth potential and valuations among domestic apparel/textile players. In 2022, the domestic textile/apparel sector has been resettin
Korea South-East Power Co. held the 37th Meeting on Steaming Coal Procurement and Handling at its office in Jinju, South Gyeongsang Province, for four days from Nov. 8 to 11.The meeting was attended by fuel procurement officials from four power producers in Asia -- Taiwan Power Co., Japan’s J-Power,
Trade, Industry and Energy Minister Lee Chang-yang had a meeting with Airbus Defence and Space CEO Michael Schoellhorn in Seoul on Nov. 16.At the meeting, the CEO said that the company is considering building its fifth Asian R&D center in South Korea. Its R&D centers in Asia are currently located in
SKC and Lotte Chemical are racing to set up copper foil production plants overseas in a bid to expand their presence in the global market. Copper foil is an anode material for lithium-ion batteries that serves as a pathway for the electric current.SKC is in the process of selecting a site for its pl
Coway Co. announced financial results for the third quarter of 2022 on Nov. 9."We had a steady third quarter thanks to opportunities from our digital transformation (DX) and innovative product launches," said Kim Soon-tae, the company's chief financial officer. "To continue our stable trajectory
The Nikkei recently sent inquiries to 50 U.S. and Japanese enterprises operating in Taiwan, and 19 answered that they are working on measures regarding the possibility of China’s invasion of Taiwan. “Four already prepared their measures and 21 are considering following suit,” it said.According to th
The author is an analyst of KB Securities. He can be reached at moonjoon.chang@kbfg.com. -- Ed. Stable 3Q22 earnings excl. one-offs— Samsung Engineering posted 3Q22 preliminary consolidated revenue of KRW2.5tn (+40.7% YoY, -1.4% QoQ), OP of KRW160.5bn (+15.5% YoY, +4.6% QoQ) and NP (attributable to
Petroleum product exports by Korea’s four major oil refineries -- SK Energy, GS Caltex, S-Oil, and Hyundai Oilbank –- hit an all-time high of US$16.3 billion (about 22 trillion won) in the third quarter. They recouped 60 percent of their money spent on purchasing crude oil by exporting petroleum pro