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  • Display-Low inventories in Chinese TV market

    Inventories at top six Chinese TV makers at low levels Inventories at the top six Chinese TV makers have been declining since early-2013. Furthermore, the work-off accelerated after a subsidy on ...

    2014-03-31 14:32
  • Strategy-Expectations lowered for Kospi; Consumer goods are favored

    Emerging market risks unlikely to spread wide After beginning the month with a plunge by Samsung Electronics and autos, the stock market rallied for a short while at mid-January. But it weakened ...

    2014-02-10 07:35
  • • January portfolio strategy: Overweight on autos, retailers (discount stores) and banks

    In December 2013, the KIS model portfolio returned -2.00%, in line with the Kospi200’s -1.98%. Of the sectors recommended as overweight, banks gained whereas autos and shipbuilding performed poorly...

    2014-01-07 16:10
  • December exports: Bigger growth but mounting worries for the future

    December export growth went up to 7.1% YoY but fell to the 4% range if stripping out ships Ships, semiconductors and autos were major contributors, US and China-bound exports were favorable wh...

    2014-01-04 08:58
  • Weak JPY and implications for Korea’s exports

    Onset of J-curve effect for Japan One year after Shinzo Abe took office as Japan's prime minister, there are signs that the nation’s exports are starting to pick up. USD-denominated exports have...

    2014-01-04 08:48
  • Osstem Implant 3Q13 preview: Premium from early move into China to return

    ▶ We estimate Osstem Implant (Osstem) will post 3Q13 consolidated sales of W55bn (-3% QoQ) and OP of W3bn (+11% QoQ), which we consider solid given the vacation season. However, domestic sales re...

    2013-10-14 14:32
  • Light of the US and emerging shadow

    ▶ Tapering-triggered global yield rises to have a limited impact on the stock market: Rising bond yields have become an irreversible global trend. Nevertheless, its impact on the stock market shoul...

    2013-08-26 17:11
  • HSBC South Korea Manufacturing PMI®-Slight deterioration of operating conditions signalled in June

    Key findings: " Headline PMI slips below 50.0 no-change mark for first time since January " Marginal reductions of output and new orders recorded " Employment stagnates following six months of g...

    2013-07-02 07:23
  • Media & Ad.-Greater content investment by comprehensive channels and shift in media industry

    Greater content investment by comprehensive channels and shift in media industry ▶ Why comprehensive channels need a change: Since Korea’s four comprehensive programming channels (Maeil Broadcas...

    2013-06-24 14:06
  • Preferred stocks-Emerging from a 20-year slumber

    Preferred stocks gradually picking up Since we introduced the investment appeal of preferred stocks in our Apr 10 report Big benefits from policy changes, they have been recovering from a length...

    2013-05-13 17:54
  • HSBC Emerging Markets Index-Emerging market growth slows in April

    Key points - HSBC Emerging Markets Index: 51.3 (prior 52.5) - Chinese growth slows to six-month low - Future output expectations across emerging markets weaken to seven-month low The HSBC Eme...

    2013-05-09 18:05
  • Mayt IT Strategy-Focus on Galaxy S4 in May

    ▶ After a relatively sluggish start this year, upside momentum for Samsung Electronics and Samsung Electro-Mechanics should pick up sharply on initial shipments of the Galaxy S4 in May. SEC’s share...

    2013-05-06 12:45
  • South Korean PMI improves in April to highest level in over two years

    (HSBC Press Release) Key findings: " Fastest rise in output for a year; total new order growth at 26-month high " Backlogs increase further " Input costs down for first time in nine months S...

    2013-05-03 16:33
  • Apr exports: Weakness to continue

    -Apr exports up 0.4% YoY, weak growth continues for two years -Shifting global growth paradigm may erode Korean exports centered on components and capital goods -Momentum to be soft until export...

    2013-05-02 17:38