SsangYong Motor may lose third place in the Korean car market to GM Korea or Renault Samsung Motors this year.GM Korea officially started to count sales of its new compact sport utility vehicle (SUV) Trailblazer in February and Renault Samsung Motors is also planning to launch its new XM3 in March.
Market research firm FnGuide analyzed 212 listed companies with target stock prices provided by at least three organizations each and reported on Feb. 23 that the targets for this month are lower than a year ago in 87 whereas only 38 companies’ target stock prices have been adjusted upward.The 87 in
Hyundai Capital Bank Europe GmbH (HCBE), a German financial subsidiary of Hyundai Capital, said on Feb. 20 that it is pushing forward with the acquisition of a stake in a European lease company.HCBE is in talks to acquire a stake in Sixt Leasing SE owned by German car rental company Sixt SE.Sixt Lea
Market research firm DRAMeXchange said on Feb. 20 that the PC DRAM (DDR4 8Gb) spot price reached 3.31 percent, down 1.2 percent from a month ago.The spot price has continued to fall from US$3.48 since Feb. 4. It reached US$3.41 on Feb. 7, showed little change for 10 days, and then fell to US$3.39 on
Samsung Electronics will launch the strategic phone Galaxy M31 in India on Feb. 25 to retake the top spot in the Indian market. The Galaxy M Series is an online sale-only phone launched by Samsung Electronics to reduce offline distribution costs. Recently, the global smartphone giant changed its str
The author is an analyst of Shinhan Investment Corp. She can be reached at email@example.com. -- Ed. 4Q19 consolidated OP down 51.8% YoY, but up 86.1% YoY excluding one-offsLotte Shopping suffered an earnings shock with 4Q19 consolidated operating profit down 51.8% YoY to KRW43.6bn, missing the KRW1
The author is an analyst of Shinhan Investment Corp. He can be reached at firstname.lastname@example.org. -- Ed. 4Q19 OP of KRW116.2bn (-4.0% YoY) misses consensus by 16.9%Hankook Tire & Technology posted operating profit of KRW116.2bn (-4.0% YoY) on sales of KRW1.68tr (-2.7% YoY) for 4Q19, missing market exp
The author is an analyst of NH Investment & Securities. He can be reached at email@example.com. -- Ed. The Dollar Index has again hit the 99pt mark. While the Fed’s GDP gap forecast for this year stands at 0.1%p, the burden of the strong US dollar calls for a rate cut by the Fed. Despite governor Lee
The author is an analyst of NH Investment & Securities. He can be reached at firstname.lastname@example.org. -- Ed. Initial sales of the Galaxy Z Flip have been stronger than expected. We positively view the fact that supply is already in shortage not only in Korea, but also in countries such as the US and UAE.
The authors are analysts of Shinhan Investment Corp. They can be reached at email@example.com and firstname.lastname@example.org, respectively. -- Ed. 4Q19 consolidated operating profit of KRW22.8bn (+181.5% YoY)Grand Korea Leisure posted consolidated operating profit of KRW22.8bn (+181.5% YoY) on sales o
The author is an analyst of Shinhan Investment Corp. He can be reached at email@example.com. -- Ed. 4Q19 results: Consolidated operating loss of KRW6.6bn (TR YoY)Jcontentree posted an operating loss of KRW6.6bn (negative swing YoY) on consolidated sales of KRW155.1bn (+16.3% YoY) for 4Q19, miss
The author is an analyst of NH Investment & Securities. He can be reached at firstname.lastname@example.org. -- Ed. With its clothing sales being sapped by warmer-than-usual winter weather and a higher transmission fee burden, GS Home Shopping's 4Q19 results missed both our estimates and consensus. But, we sti
Samsung Electronics has decided to use the Snapdragon 865 application processor (AP) from Qualcomm instead of its own Exynos AP for the Galaxy S20 smartphones to be sold in Korea.This is the first time that the Exynos AP is excluded from Samsung's flagship smartphones sold in the Korean market.
The nuclear power generation and renewable energy markets of South Korea are collapsing due to the South Korean government’s wrong energy policy.In the nuclear power generation market, an increasing number of companies are returning their Korea Electric Power Industry Code (KEPIC) certificates to pu
The author is an analyst with NH Investment & Securities. He can be reached at email@example.com. -- Ed. With higher global demand for biosimilars and healthy earnings at global leading bio CDMO players translating into accompanying share price hikes, we believe that the time is ripe for a need to
The authors are analysts of Shinhan Investment. They can be reached at firstname.lastname@example.org and email@example.com, respectively. -- Ed. 4Q19 results seen strong considering incentive paymentsDB HiTek recorded sales of KRW212bn (+22.5% YoY, -4.6% QoQ) and operating profit of KRW48.3bn (+87.4% YoY,
Korean airliners are facing an unprecedented crisis. Following Jeju Airlines, four low-cost carriers (LCCs) are receiving applications for unpaid leave from employees, and Asiana Airlines has received applications for a unpaid leave of absence from cabin crew members.Jeju Air's sales increased l
Hyundai Motor and Kia Motors have joined hands with a U.S. company to jointly develop a next-generation electric vehicle (EV) platform.Hyundai-Kia and Canoo announced on Feb. 12 that they have signed a mutual cooperation agreement on the development of next-generation electric vehicles at the Canoo
The Japanese government called into question the legitimacy of a merger between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) in making an issue of the South Korean government’s shipbuilding industry restructuring plan by bringing the case to the WTO. According t
A decline in supply and a rapid rise in LCD panel prices are occurring in the wake of factory shutdown in China attributable to Covid-19.Market research firm WitsView said on Feb. 11 that the increase in LCD TV panel prices for the first two weeks of this month amounted to five times the pace shown