CJ Group chairman Lee Jae-hyun has unveiled a plan to invest 10 trillion won in four major growth engine areas by 2023 to drive innovation and future growth. It is the first time in 11 years that Lee has come to the forefront and presented his vision.Lee appeared in an in-house broadcast program to
Samsung Electronics today reported financial results for the third quarter ended September 30, 2021.Total consolidated revenue was a quarterly record of 73.98 trillion won, a 10% increase from a year earlier, which was the previous high. Operating profit increased 26 percent from the previous quarte
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. The education sector should continue to grow next year, thanks to: 1) the expansion of online channels; 2) changes in college admissions policies; and 3) education category expansion. Particularly
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. Initiate coverage with BUY for a target price of KRW28,000We initiate coverage of Wysiwyg Studios with BUY for a target price of KRW28,000, based on 2022F
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. As an unrivaled player in the field of B2B fintech solutions, Webcash boasts a stable commission-based revenue model. The firm benefited from an increase in users for its Kyungrinara service
Nongshim announced on Oct. 5 that overseas sales of its Shin Ramyun exceeded domestic sales in the January-September period of this year, the first time since the launch of the instant noodle in 1986.Shin Ramyun's cumulative sales in the three quarters of this year totaled 690 billion won, of wh
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. We expect Innox AMC to report record-high earnings in 2H21 and 2022 thanks to strong business conditions, including an increase in OLED panel shipments at customers, the firm’s strengthening marke
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. In August, domestic passenger demand decreased. On the other hand, an uptrend in long haul international passenger demand (centering upon US routes) is proving resilient. Backed by strong air cargo y
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Daejoo’s SiOx capacity should climb sharply in line with Ultium Cells’ US capacity ramp-up plans. Downstream markets are set to expand as silicone additives will likely be used in smartphone batte
Korea Shipbuilding & Offshore Engineering (KSOE) of Hyundai Heavy Industries Group has joined hands with POSCO to develop hydrogen fuel tanks, an integral part of hydrogen ships.KSOE signed an MOU with POSCO, the Korea Research Institute of Ships and Ocean Engineering (KRISO) and Hylium Industries t
GM's decision to recall Bolt EVs is expected to cause a delay in the launch of a new Bolt EV model scheduled to come out in Korea next month.GM Korea is considering delaying the release schedule of its 2022 model year Bolt EV and Bolt EUV, for which the carmaker is currently receiving pre-orders
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. LGI’s share price has recently fallen despite solid earnings and a favorable outlook. We mainly attribute the decline to concerns over slowing new product sales growth at its main client and doubt
The authors are analysts of Shinhan Investment Corp. They can be reached at chank@shinhan.com and johnsoh@shinhan.com, respectively. -- Ed. 2Q21 earnings surprise with OP of KRW34.4bn (+64.3%YoY)LEENO Industrial posted sales of KRW78.9bn (+44.0% YoY) and operating profit of KRW34.4bn (+64.3% YoY) fo
Hyundai Motor and Kia are faring well in the European Union (EU) electric vehicle (EV) markets. When sales of the IONIQ 5 and the EV6 begin in earnest in the second half of this year, the two carmakers are expected to gain further momentum in the EU markets.According to announcements from major Euro
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Upon completion of the LG-LX equity swap between major shareholders (the last step in separating LG-LX affiliates), LG Corp should be freed from undervaluation woes stemming from overhang conce
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Significant earnings growth is materializing for KT, helped by sound performances both for its in-house domain and for its wide-spanning subsidiaries, which include BC Card and K Bank, as well as
The author is an analyst of NH Investment & Securities. He can be reached at yk.choi@nhqv.com. -- Ed. CS Bearing looks to have entered a mid/long-term high earnings growth phase, thanks to: 1) its expanding client base; 2) production facility additions in Vietnam; and 3) ASP rise led by the sale of
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. While Apple announced healthy 3QFY21 earnings, its share price retreated during after-hours trading, owing to potential sluggish earnings for the next quarter. But, we still find shares of Apple a
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. As it continues to be used to replace coal power generation, renewable energy boasts sound structural growth potential. However, valuation burden is in play d
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. Starting from 2H21, we expect to see a series of announcements regarding both nuclear and coal phase-out policies and renewable energy policies in the run-up