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
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY, raise target price to KRW120,000; still industry top pick We maintain BUY and raise our TP by 6.2% to KRW120,000 on Kiwoom Securities given the following:(1) 4Q22 results confirmed a stable earnin
The author is an analyst of KB Securities. He can be reached at jk.lim@kbfg.com. -- Ed. Overview: Focus on profit-taking for now; buy after rate reversal endsWith KTB yields across all maturities just below the base rate, low interest rates are burdensome given that investors are expecting rate cuts
The authors are analysts of NH Investment & Securities. They can be reached at jaemin.ahn@nhqv.com and hzl.lee@nhqv.com, respectively. -- Ed. - On Feb 7, Kakao announced its purchase of 1.23mn newly-issued shares (issuance price of W91,000 per share; total value of W111.9bn) and 1.14mn convertible b
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. The use of GPUs and HBM for machine learning, which has grabbed the spotlight as of late, is on the rise. Hanmi Semiconductor is a manufacturer of indispensable bonding equipment for the application o
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. SM Entertainment to issue new shares, convertible bonds to Kakao ᅳ SM Entertainment recently decided to issue 1.23mn shares worth KRW111.9bn (KRW91,000/ share) to be allotted to Kakao. The payment date is sch
Foreign investors net-sold 3.22 trillion won of won-denominated bonds in January this year, which is the first net selling in the market since January 2019. Their bond holdings in the market totaled approximately 222 trillion won at the end of last month, decreasing more than 6.5 trillion won in one