Theaggregate net profit posted by the companies listed on Korea's KOSPI, excludingSamsung Electronics, turned out to have increased by more than 30 percent inthe first quarter of this year. This indicates that the recent rally of theKOSPI market is driven mainly by the strong performance of the listedcompanies.
Someanalysts predicted that the KOSPI index would continue an upward trend,breaking the 2,300 point level.
Accordingto the Korea Exchange on May 16, the operating profit-to-sales ratio of the 536KOSPI-listed companies whose fiscal year ends in December averaged at 8.54percent in the first quarter of this year, with their first-quarter salesrising by 8.35 percent compared to a year ago.
Theircombined operating profit amounted to 38.89 trillion won, up 25.34 percent yearon year, with their net profit estimated at 32.19 trillion won, up 35.77percent year on year.
Someanalysts forecast that the combined net profit of the nation's listed companieswould reach 130 trillion won this year.
Afterfalling to a 5-percent level during and after the 2008 global financial crisis,their operating profit-to-sales ratio recovered to about 6 percent in 2015, 7percent in 2016, and the 8-percent level in the first quarter of this year.
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip