The author is an analyst of Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.1Q23 preview: OP to come in at KRW19.4bnParadise is set to post operating profit of KRW19.4bn (positive swing YoY) on sales of KRW188.1bn (+89% YoY) for 1Q23, meeting market expectations.The company saw
The author is an analyst of Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.2023 tax revenue shortfalls raising expectations for an extra budget in 2HKorea’s tax revenue for the year to February came in lower by more than KRW15tr on a YoY basis, due to weaker contribution from inco
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.For 1Q23, Kiwoom should report a significant jump in retail-related revenue, thanks to active stock trading by individual investors. In addition, PF provisioning should prove limited. Expecting it to
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%
The author is an analyst of Shinhan Securities. He can be reached at keonhyeong.ha@shinhan.com -- Ed.Causes of recurring liquidity crises since the COVID-19 outbreakPolicy responses to the collapse of Silicon Valley Bank (SVB) have helped to calm market fears. The SVB crisis, which came close to tri
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
SK hynix has decided to issue exchangeable bonds (EBs) worth 2 trillion won abroad. The purpose of the issuance is to raise operating funds while a deficit is expected in the first quarter of this year following the fourth quarter of last year due to a prolonged slump in the semiconductor industry.S
SK Hynix will raise funds by issuing exchangeable bonds (EBs) worth US$1.5 billion (approximately 1.974 trillion won) in the Singaporean market.SK Hynix announced on March 3 that it will issue EBs with a seven-year maturity and interest rates of 1.25 to 1.75 percent. The proceeds from the EB issuanc
Doosan Corp. announced on April 3 that it has signed a joint development agreement (JDA) with US polymer materials manufacturer Ionic Materials to develop high-functional advanced materials using liquid crystal polymers (LCPs).LCPs are a polymer that exhibits liquid crystalline properties in a liqui
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.A domestic electricity rate hike that had been expected to be implemented from 2Q23 has been temporarily postponed. We now expect 2024 OP to be limited to W1.6tn (versus our Mar 29 report estimate
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The financial authorities continue to point towards follow-up measures in response to the current banking issues. Depositors are unlikely to feel secure with promises of conditional safety. Money is m
MSC and Maersk recently announced that they would end their alliance in January 2025. In addition, the Ocean Alliance’s contract is scheduled to end in 2027. The current global market share of the MSC and Maersk alliance is 40 percent and that of the Ocean Alliance is 35 percent.Each of Maersk and M
The Korea Investment Corporation (KIC) announced that it owned 137,853 First Republic Bank (FRB) shares as of the end of last year. The shareholding was 266,983 at the end of September last year. The National Pension Service (NPS) owned 252,427 FRB shares at the end of last year.According to industr
A joint research team of Pohang University of Science and Technology and Sogang University has developed a silicon anode active material that is more stable than existing ones. According to the team, the developed material has at least 10 times the capacity of graphite if it is used in rechargeable
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.According to their monetary principles, central banks respond to fundamentals with base rate policy and to financial instability with temporary liquidity provision. Expectations for a rate hike or cut
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Raise target price from KRW170,000 to KRW230,000; maintain BUY We raise our TP by 35.3% from KRW170,000 to KRW230,000 and maintain BUY on HYBE. We revise up 2023E/2024E OP by 12.2%/13.7% to reflect the compan
Korea Water Resources Corp. (K-water) has nabbed the Best Green Bond Award in the sustainable capital category at The Asset Triple A Awards 2022, which was hosted by The Asset, a global financial magazine based in Hong Kong.The awards program selects financial institutions or financial transactions
The National Pension Service (NPS) Investment Management’s investment loss amounted to 8 percent last year. Its assets under management fell below 900 trillion won and it recorded its third annual investment loss since its inception in 1999. The figure is tentative and does not reflect alternative i
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. HYBE to acquire 14.8% stake in SM Ent. from company founder Lee Soo-manㅡ On Feb 9, HYBE signed an agreement to buy 3,523,420 common shares of SM Ent. (14.8% of shares issued) held by the largest stakeholder,
The Financial Supervisory Service announced on Feb. 13 that foreign investors’ net buying in the South Korean stock market was 6.146 trillion won last month. Their shareholding in the market increased by 62.2 trillion won last month and their net buying in the market continued for the fourth consecu