Thereafter, however, Partron has seen its annual sales fall, stagnating at around 700-800 billion won over the past three years, primarily due to the decline in sales of some components such as antennas, resulting from the change in smartphone designs.
After years of sluggish growth, the company is expected to get back on the right track again this year on the back of the sharp improvement in the sales of camera modules plus its entry into the vehicle electronics parts market.
Another positive factor for its share price outlook is that its blue chip subsidiary is pushing for an IPO. On April 7, Partron shares closed at 11,550 won, up 300 won or 2.67 percent from the previous trading day. After rising by 32 percent from 9,080 won on December 14 to 12,000 won on March 17, Partron shares fluctuated around the 11,000-won level.
Korea Scientists and Engineers Mutual-aid Association (SEMA) will commit about 20 billion won ($18 million) to a fund of Morgan Stanley Energy Partners (MSEP) for co-investment in a US water management firm, according to a local media report. The $4.2&hellip
South Korea’s National Pension Service (NPS), Public Officials Benefit Association (POBA) and Hyundai Marine & Fire Insurance Co. Ltd. are likely to commit $380 million to a blind-pool real estate fund which private equity firm Rockpoint Group is launching to&hellip
(Corrected: New overseas alternative head Young-shin Chung was not promoted from the position of domestic alternative investment head, but moved to the new position. First paragraph was corrected in that regard.) The Korea Teachers’ Pension on April 24 named its domestic&hellip