The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed.Maintain BUY, TP of KRW70,000 We maintain BUY and target price of KRW70,000 for SKT. Investment highlights include: (1) anticipation over new growth businesses (e.g., AI, subscription services); (2) high
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Backed by accelerated digital transformation, mid/long-term growth prospects at Hyundai Autoever’s strategic businesses remain valid. The firm is beefing up its: 1) smart mobility capabilities
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Earnings at NHN’s web-board game business (the firm’s cash cow) are continuing to strengthen, and (escaping the sluggishness of the Covid-19 crisis) its Chinese commerce business earnings look se
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed.Maintain BUY, target price of KRW175,000 We maintain BUY and TP of KRW175,000 on Samsung SDS. Highlights include anticipated benefits from the rapidly growing cloud market and massive cash/cash equivalent
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed.Maintain BUY but lower target price We maintain BUY but cut our TP to KRW16,500 from KRW17,500 for LGU to reflect a change in COE (8.45%→9.12%). Our investment points include improved B2B earnings visibil
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY; raise target price from KRW250,000 to KRW265,000 We maintain BUY and raise our TP by 6.0%, from KRW250,000 to KRW265,000, to accommodate revised down 2023 MRP (7.16%→5.41%) and COE (11.38%→10.77
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed.Maintain BUY but lower our target price to KRW175,000 We maintain BUY but lower our TP from KRW190,000 to KRW175,000 on Samsung SDS based on the following. (1) Our COE assumption was raised (8.45→9.12%) a
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Concerns over the economic slowdown and acquisition of Poshmark have already been reflected in NAVER’s share price. It is time to seek a rebound in terms of strengthened business competitiveness.
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. KT is attractive as a defensive play amid stock market uncertainties. After the year-end ex-dividend date, it is time for a share price rebound. We favorably view that KT’s B2B and non-telecom bu
Shinhan Bank announced on Jan. 8 that it participated in CES 2023, an international electronics fair, for the first time as a Korean financial company and introduced its own metaverse platform Shinamon on Jan. 5.In 2022, Shinhan Bank jointly participated in the trade show with a partner company as a
Samsung Electronics had 8,513 utility patents registered in the United States last year and the number was close to that of the previous year. The number of LG Electronics increased 5 percent to 4,580 and the company came in third.Samsung Electronics rose to the top by beating IBM, whose number drop
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Maintain BUY, target price of KRW950,000 We maintain BUY and TP of KRW950,000 on Samsung SDI. Our DCF-based TP assumes 8.81% WACC (9.08% COE, 4.30% after-tax COD, 0.99 60m adj. beta), represents 30.2x implied 12m
Hyundai Motor Group announced on Jan. 4 that its U.S. subsidiary Supernal will develop advanced future aviation solutions in cooperation with Microsoft, which has technologies for autonomous flight simulations.The two sides will promote cooperation in a wide range of fields, including cloud converge
Data center development is rapidly emerging as a new investment destination in the domestic commercial real estate market in Korea. Asset management firms, private equity firms, developers, builders and so on are entering the market monopolized by mobile carriers until recently.According to market r
Samsung SDS has demonstrated its technological power in artificial intelligence by publishing papers in the world's most prestigious artificial intelligence society, Neural Information Processing Systems (NeurIPS), for three consecutive years.NeurIPS is the world’s largest and most renowned acad
Samsung Electronics’ Foundry Business Unit will produce some of Qualcomm’s flagship application processor (AP) Snapdragon 8 Gen 2 for its own phones, foreign media outlets reported on Nov. 28.PhoneArena, a U.S. website specializing in IT news, reported that while TSMC will be producing the regular v
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. Due to factors such as inflation, interest rates, liquidity crunches, and war, 2023 is to be a year of uncertainty. Given such external variables, earnings volatility at small/mid-cap companies i
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. This year, telecom stocks have fared relatively well within a challenging stock market. While they have lost momentum as high-dividend plays amid interest rate hikes in 2H22, we maintain a Positi
Huawei has signed a global commitment to join the International Telecommunication Union's Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025.Liang Hua, chairman of Huawei, announced the decision at the com
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Due to a recent fire at a data center near Seoul, the need for data center redundancy systems has emerged, a development that should boost demand for Piolink’s network equipment. Also consid