The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.We continue to recommend KOGAS and KEPCO KPS in May on city gas tariff hike and 1Q23 earnings expectations, respectively. Nuclear plays are likely to perform sluggishly due to the end of the US-Ko
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.For constructors, OP consensus has proven relatively inaccurate compared to that for sales, with actual OP often missing the market projection due to external variables. Currently, 2023 OP consensu
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Korean President Yoon Suk-yeol’s visit to the US should serve as a catalyst to strengthen the two countries’ SMR partnership. Elsewhere, SMR developer Holtec has signed an SMR deal with Ukraine’s E
The author is an analyst of Shinhan Securities. He can be reached at krpark@shinhan.com -- Ed.1Q23 OP to beat consensus at KRW60.5bn (+169% YoY)KEPCO Plant Service & Engineering is expected to have registered sales of KRW342.2bn (+12.9% YoY) and operating profit of KRW60.5bn (+169.0% YoY) in 1Q23, e
The author is an analyst of Shinhan Securities. She can be reached at sunmi.kim@shinhan.com -- Ed.1Q OP beats consensus with one-offs offset by steep sales growthHyundai Engineering & Construction posted consolidated operating profit of KRW173.5bn (+1.2% YoY, +133.5% QoQ) on sales of KRW6tr (+45.5%
POSCO International Vice Chairman Jeong Tak, who doubles as a member of the Busan Expo Executive Committee, had a business meeting with Marius Skuodis, minister of transportation and communications of Lithuania, and Julius Skačkauskas, vice minister of transport and communications of Lithuania, at t
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
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The Fed’s official forecast includes the entering of a mild recession at the end of this year. Given that monetary tightening should become more difficult toward yearend, we expect that the Fed will h
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.LS Holdings’ earnings momentum is being spurred by LS MnM earnings consolidation. The firm is beefing up its business portfolio by expanding capacity and increasing its stakes in subsidiaries. Mo
On April 13, POSCO International announced a new vision for the first time after its integration with POSCO Energy at the Songdo Convensia in Incheon. Under the vision of Green Energy & Global Business Pioneer, the company aims to increase its current market capitalization from 3.8 trillion won to 2
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.As in February, the March pre-sale market showed variation in sales interest by site. Despite a difficult market environment, pre-sales proved relatively solid for sites with a high portion of asso
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Policy to expand the number of NPPs is appearing rapidly in Europe and the US. Backed by the introduction of SMRs, this movement is on track for further acceleration.EU energy market for first week
The author is an analyst of Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Rate freeze likely in April given declining external uncertainties and slowing inflation and growthThe Bank of Korea (BOK) is expected to make a unanimous decision to leave the base rate unchanged at 3.50%
LS Group Chairman Koo Ja-eun has embarked on his first overseas business trip since taking office. The Korean business group has chosen electric vehicles as its future growth driver and is in full swing to reorganize its power infrastructure-oriented group into high-growth businesses such as batteri
The Korean e-commerce market is facing another big change. With Coupang’s dominance solidifying with its quarterly surplus, Qoo10, which owns Tmon and Interpark Commerce, took over WeMakePrice, reorganizing the Korean e-commerce market.According to sources in the Korean e-commerce industry on April
China is predicted to clamp down on the export of rare-earth element (REE) magnet manufacturing technologies and techniques. Experts point out that supply from alternative sources needs to be increased without delay with such magnets in wide use in various industries, ranging from smartphones and ai
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.Although the decision to raise electricity and city gas rates in 2Q23 has been put on hold, investment focused on the need for rate hikes remains valid.EU energy market in last week of MarchOver M
Hyosung Heavy Industries recently announced that it achieved 3.5101 trillion won (US$2.6752 billion) in sales and 143.2 billion won (US$109.1 million) in operating profit in 2022 thanks to a surge in global demand for power generation equipment. This represented an increase of 23.1 billion won (US$1
What a spectacle in São Paulo – New Zealand’s Mitch Evans (Jaguar TCS Racing) won the sixth Formula E race of the year at the end of a highly dramatic race that featured some thrilling scraps and many changes of position. The winner was embroiled in a fiercely-contested battle with his compatriot Ni
As a gateway to Korea, Incheon is a city open to the world as it boasts both Incheon Port and Incheon International Airport. It is growing into a world-class city with a population of 3 million, including wide plains and mountains, the sea, and numerous islands large and small. Business Korea conduc