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
The authors are analysts of Shinhan Investment Corp. They can be reached at jy.son@shinhan.com and bh.lee@shinhan.com, respectively. -- Ed. 1Q22 review: Maximizing profitability amid top-line growthGolfzon posted operating profit of KRW50.7bn (+78.3% YoY) on sales of KRW153.9bn (+54.8% YoY) for 1Q22
Members of the European Parliament have overwhelmingly voted in support of legislation that would require all consumer electronics manufacturers to make sure that all their new devices to carry a USB Type-C port.This legislation could deal a blow to Apple, which uses its own Lightning connector inst
Hankook Tire is equipping the BMW i4 Gran Coupé with its ultra-high-performance (UHP) Ventus S1 evo 3 tires. The tires come in mixed sizes in 18-inch and 19-inch widths. In addition, the manufacturer supplies a 19-inch run-flat option and an 18-inch all-position option.The Ventus S1 evo 3 combines a
Renault Korea Motors has decided to ramp up production of the XM3 (export name Renault New Arkana) beginning from July. The plant expands production for the first time in about three years. The automaker is gearing up to raise the units per hour (UPH) of its Busan plant from 50 to 60 from the beginn
Hankook Tire & Technology announced on April 5 that the Ventus S1 Evo 3 SUV, a tire for ultra-high performance sports utility vehicles (SUVs), took first place in a tire performance test conducted by Auto Bild Allrad, a European SUV magazine, for the summer of 2022.The company said that the test com