The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Demand for high-precision sensors is rising across various industries. Sensor specialist Samyoung S&C is able to manufacture materials, module packaging, and finished products. Starting from
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. 1Q21 review: Both core and new businesses proceeding smoothlyWe adhere to a Buy rating and TP of W50,000 on Nasmedia. Alongside smooth growth at its new businesses, Nasmedia’s core business stabili
Imported car sales in April rose 11.5 percent on year in the Korean automobile market. The best-selling imported car brand was Mercedes-Benz, followed by BMW at second place. In particular, Mercedes-Benz and BMW, which do not manufacture cars in Korea, sold more cars than GM Korea, Renault Samsung a
The Seoul Metropolitan Council has passed an amendment to the ordinance on towing illegally parked shared e-scooters.Under the amended ordinance, which passed on May 6, a device left in a no-parking zone will be towed at the operator's expense of 40,000 won (US$36) if it is not collected within
Korea's first homemade microcontroller unit (MCU) for cars has been released. Korea's automobile producers have thus far relied on imports for 97 to 98 percent of their MCU demand.The 32nm MCU was developed by Telechips, a Korean semiconductor design company. Samsung Electronics began a pilo
Unity, the world’s leading platform for creating and operating real-time 3D (RT3D) content, is partnering up with South Korea’s leading self-driving technology company Mando Co. to develop front camera simulation technology for advanced driver assistance systems (ADAS).Unity has signed a memorandum
The authors are analysts of Shinhan Investment Corp. They can be reached at hyungwou@shinhan.com and ym.ko@shinhan.com, respectively. -- Ed. 1Q21 results in line with expectationsSimmtech reported operating profit of KRW15.3bn (+12% YoY) on sales of KRW283.1bn (-2% YoY) for 1Q21, in line with our es
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. In 1Q21, SEC’s earnings improvement was led by the IM and CE divisions. While semicon earnings fell due to the firm’s ineffective business strategy, the CE division enjoyed strong earnings momentum th
LG Display's sales grew 46 percent on year to 6,882.8 billion won in the first quarter of 2021, according to the Financial Supervisory Service’s electronic disclosure system. Its operating profit stood at 523 billion won, a turnaround from an operating deficit in the first quarter of 2020.Althou
Kolon Industries is stepping up its efforts to expand its presence in the global foldable display markets with its colorless polyimide (CPI) films.The company announced on May 3 that its CPI films will be used for Xiaomi's first foldable phone Mi Mix Fold. Xiaomi aims to sell 500,000 units of th
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. KG Mobilians’ 1Q21 earnings improvement was aided by synergy effects from its merger with KG Allat on Feb 2020. Backed by the launch of monthly payment services in 2Q21 and the start of business
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. The IM and CE divisions led SEC’s earnings improvement in 1Q21. Semicon earnings fell due to the firm’s ineffective strategy. We expect OP to improve to W10.2tn (+9% q-q) in 2Q21 thanks to an increase
Samsung Electronics' smartphone business division has emerged again as the company's most profitable business unit in 19 quarters. The consumer electronics (CE) division also served as a key profit maker by logging the second highest-ever quarterly operating profit since 2013.Samsung Electro
The author is an analyst of Shinhan Investment Corp. He can be reached at doyeon@shinhan.com. -- Ed. 1Q21OP in line with consensus at KRW1.32trSK Hynix posted operating profit of KRW1.32tr (+37.1% QoQ) on sales of KRW8.49tr (+6.6% QoQ) for 1Q21, meeting the FnGuide consensus of KRW1.34tr. For DRAM,
SK Hynix has expressed an intention to expand its investment in its 8-inch foundry business."Although there are no specific plans yet, we are discussing various ways to expand our 8-inch foundry business," an SK Hynix official said in a conference call on April 28.System IC, a foundry affiliate of S
The author is an analyst of NH Investment & Securities. He can be reached at will.byun@nhqv.com. -- Ed. Hyundai Steel logged a 1Q21 earnings surprise far surpassing the market projections. Prices for HR and plate products have risen sharply, and negotiations for automotive steel plate price hikes sh
Samsung Electronics reported on April 29 financial results for the first quarter ended March 31, 2021.Total consolidated revenue was 65.39 trillion won, a 6% increase from the previous quarter and a record for the first quarter. Operating profit increased 4% from the previous three-month period to 9
Shinhan Vietnam Bank announced on April 27 that it has been selected as Vietnam's best foreign bank by International Business Magazine, a global economic and financial magazine.The bank won the accolade for the second consecutive year following 2020 in recognition of its continued growth in diff
SK hynix announced on April 28 financial results for its first quarter 2021 ended on March 31, 2021. The company posted 8.494 trillion won in consolidated revenue, 1.324 trillion won in operating profit and 993 billion won in net income. Operating margin for the quarter was 16 percent and net margin
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. NBT is a reward ad platform operator. It combines the earnings stability of Cashslide (B2C) and high growth of Adison Offerwall (B2B). Amid offerwall market growth, NBT stands to benefit significan