The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Classys posted 1Q23 OP of W19.9bn, in line with consensus, thanks to sales growth in equipment overseas and consumables. We advise checking the effectiveness of TV ads for Volnewmer and the firm’s pe
The author is an analyst for Shinhan Securities. He can be reached at jhwon@shinhan.com -- Ed.Classys posted consolidated sales of KRW39bn (+10.2% YoY) and operating profit of KRW19.9bn (+19.1% YoY, operating margin of 51.0%) for 1Q23, meeting consensus estimates.Sales of medical aesthetics devices
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.SAMG Ent is a top-tier domestic toy maker and children’s animation producer. Its major IPs include Catch Teenieping and Miniforce. We recently met with SAMG Ent’s Chinese partner, Wowdadi, in Shang
The collapse of an underground parking lot at a new apartment building that GS Engineering & Construction(GS E&C) is building in Incheon on April 29 was found to be caused by using fewer materials than required by the design.No one was killed due to the accident but the accident brought down 970-squ
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.CJ ENM reported an earnings shock, affected by widening losses at new businesses (OTT, US production) and impacts of economic slowdown at the main business, excluding entertainment. A sharp recovery
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Uncertainties over airing on a captive channel have already been fully reflected in Studio Dragon’s share price. It is time to focus on mid/long-term growth potential through diversification of sale
Seo Jung-jin, the head of biotech company Celltrion Group and one of South Korea’s richest persons, is reported to have children out of wedlock. He recently registered two additional children after a paternity claim.With the emergence of Seo’s two extramarital children, changes may be made in Celltr
The author is an analyst for Shinhan Securities. He can be reached at sokang@shinhan.com --- Ed.1Q23 review: Record-high platform service sales, recovery in costs AfreecaTV registered operating profit of KRW18.4bn (-20.5% YoY, +19% QoQ, operating margin of 25.3%) on sales of KRW72.7bn (-3.4% YoY, -9
On May 3th, Animal Industry Data Korea (AIDKOREA) announced that its Farmsplan digital healthcare solution for livestock has won the bronze prize in the Food and Agriculture AI Advancement category at the prestigious 2023 Edison Awards. The Edison Awards recognize exceptional technological innovatio
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Achieves impressive OP growth despite sluggish demandDespite an overall slowdown in global IT device demand, LG Electronics (LGE) achieved sound earnings in 1Q23 thanks to cost reduction, B2B busine
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.SK Hynix’s 1Q23 results came in better than feared. The memory chip market should improve in 2Q23, with prices set to increase from 2H23. The company’s technological prowess for HBM should provide addit
The supercar market of South Korea is continuing to grow fast. For example, Porsche Korea sold 2,966 cars in the first quarter of this year, up 23.3 percent from a year ago.Porsche currently accounts for 4.81 percent of the imported car market of South Korea, the sixth-highest. For reference, Volvo
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Classys should log 1Q23 OP of W18bn, slightly missing consensus due to a y-y dip in domestic sales of Shurink Universe and tepid sales in Brazil at the start of the year. Given the arrival of peak sea
Korea Midland Power (KOMIPO) has shut down its Swedish subsidiary.In May 2021, when the company won an order for a wind farm in Stavro, Sweden, it established an operation and maintenance (O&M) corporation in the country. But it recently decided to liquidate the corporation after failing to open a l
LG Display is struggling looking for an exit strategy for its Chinese business amid a prolonged slump in the liquid crystal display (LCD) panel industry. The company is facing various scenarios including, sale to a Chinese company and a large-scale process transformation, as it urgently needs to imp
Samsung Electronics supplied a large number of smart signage devices and hotel TVs to Atlantis the Royal, a luxurious hotel and resort in Dubai, the United Arab Emirates.Atlantis the Royal, located on Palm Jumeirah, an artificial island just off the coast of Dubai, has a unique appearance like a set
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Despite slowing demand, LGE achieved sound earnings that far exceeded our estimates thanks to efficient inventory management and cost reductions. The firm’s shares remain attractive, with a full-fle
Porsche sold 2,966 cars in South Korea in the first quarter of this year, the largest Q1 sales volume since the launch of Porsche Korea in 2014. In February, the sales volume was 1,123, fifth behind those of BMW, Mercedes-Benz, Audi, and Lexus. Porsche Korea’s sales volume has more than quadrupled i
Haier, a Chinese home electronics giant, took first place in terms of sales in the global home appliance market in 2022. This is the result of making a series of M&A deals with GE based in the United States, Fisher & Paykel based in New Zealand and Candy, based in Italy. By brands rather than sales
LG Display is accelerating its business restructuring from displays for TVs and monitors to those for smartphones and vehicles.LG Display’s sales of displays for mobile devices, including smartphones and vehicles, are expected to cross 40 percent for the first time this year in April according to so