The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. F&F’s consolidated 3Q22 OPM likely reached 30%, helped by brisk domestic casual/sports sales and the recognition of sales in advance for F/W exports to China. In 4Q22, earnings momentum remains val
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. With Chuseok falling early this year, both online and offline sales rose y-y in August. By business type, department stores maintained the highest growth rate, with the apparel category showing partic
Yeonsu-gu, Incheon City announced on Sept. 14 that the 10th Yeonsu Neungheodae Culture Festival would take place offline on Sept. 30 and Oct. 1. In 2019 to 2021, the event could not take place due to African swine flu and COVID-19. The event venues are the Songdo Moonlight and Neungheodae Parks.This
Dulwich College Seoul (DCSL) announced today that it held an event for students and their parents to experience traditional culture in celebration of Chuseok.With all parents invited, it was the school's largest cultural event in three years since COVID-19. It was especially meaningful for famil
POSCO International announced on Sept. 5 that a ship carrying 61,000 tons of corn left the Ukrainian port of Pivdennyi for Korea on Aug. 16. The ship will arrive at Incheon Port of Korea late September and the corn will be used for feed production.POSCO International had prepared for an early depart
The author is an analyst of Shinhan Investment Corp. She can be reached at hpark@shinhan.com. -- Ed. Contrary to concerns, apparel sales continue upward through July-AugustInvestors appear to be losing their interest in the apparel sector amid continuing macro uncertainties and waning reopening effe
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. Domestic apparel retail sales upped 13% y-y in July. Apparel growth at department store channels clocked at an average of +39% y-y, spurred by summer vacation season and regular sales season.Domest
The authors are economists at Shinhan Investment Corp. They can be reached at chee@shinhan.com. – Ed. Consumption decent vs. past downturns but uncertainties to riseExport growth, ahead of other economic indicators, has started to slow down. Investors will now need to keep an eye on consumer spendin
LG Energy Solution has teamed up with Honda Motor Co. of Japan to build a joint venture battery plant in the United States. This is the first strategic cooperation agreement between a Korean battery maker and a Japanese automaker. Batteries made by the two companies will be used for Honda’s first de
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. At NHN, bottom-line is likely to slow in 2022 due to both increased labor costs and a significant hike in marketing costs. However, the business environment is displaying favorable changes thanks
Global leading tire company Hankook Tire & Technology (Hankook Tire) announced on Aug. 2 the company’s 2022 Q2 financial results with consolidated global sales of 2,039.9 billion won and operating profit of 175.2 billion won.During the second quarter of 2022, Hankook Tire registered a growth of 12.9
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. Sales growth for The Nature Holdings’ travel carrier and NG Kids products should stand out in its 2Q22 results. Despite rising department store commission fees and parcel delivery costs, our earnin
Asiana Airlines announced on July 4 that it has delivered nine T-50B aircraft of the Black Eagles, a special flight team of the South Korean Air Force, to London of the United Kingdom on three occasions on June 9, 12, and 15.The 9 T-50B aircraft will put up a show in the Southport Air Show and Farnb
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Considering its net cash holdings, stakes in subsidiaries, and real estate assets, we view ESTsoft’s recent share price drop as being excessive. The firm’s AI and metaverse businesses, inclu
The author is an analyst of Shinhan Investment Corp. She can be reached at hpark@shinhan.com. -- Ed. Shinsegae International, after enjoying solid growth alongside domestic apparel peers in 1H22, is expected to see notable growth in 2H22 as well thanks to strengths in luxury goods and cosmetics. Dri
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Expectations for Krafton’s Callisto Protocol are to gradually pick up steam in the days ahead. Given the firm’s current valuations, we believe that it is now time to seek a rebound rather than fe
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. Shinsegae International recorded a 1Q22 earnings surprise, with OP jumping 56% y-y. Earnings momentum at the fashion division should sustain in 2Q22. We expect diversification of sports and men’s w
Research results show that organic light emitting diode (OLED) displays are about 0.05 seconds faster than LCD panels in response speed when playing games, LG Display said at an international seminar in the United States on May 11 (local time).The company tested various genres of games with OLED, LC
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. NHN’s margins are inevitably to deteriorate in 2022 due to increased labor costs and marketing expenses. But, web-board game deregulation should spur sales growth, and the firm has a number of ne
SK On and LG Energy Solution have won large orders for secondary batteries for next-generation electric vehicles (EVs) from Hyundai Motor Group. SK On has won a contract to exclusively supply batteries for the EV9, a large electric sports utility vehicle (SUV) that Kia Corp. plans to release next ye