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  • Domestic Apparel Industry-Earning momentum to be driven by differentiated factors amongst individual players

    Recently, shares of domestic apparel players significantly outperformed the Kospi in light of expectations for their earnings rebound following the improved growth at department stores in 3Q14. Eve...

    2014-10-08 14:23
  • [Semiconductor Industry] Expect shift from data storage to data streaming

    Expect shift from data storage to data streaming Going forward, DRAM memory and SSD usage in servers will likely rise in response to data traffic growth led by a change in data consumption pattern...

    2014-10-08 14:20
  • Fixed Income Weekly - Mid- and long-term bond yields possess more room to decline

    Given the high probability of another base rate cut at the October MPC meeting, we predict that bond yields will continue to trend downwards until at least the start of 4Q14. Accordingly, we advise...

    2014-09-23 13:13
  • Semiconductor-To adopt DDR4 in server!

    We believe that DDR4 will likely be adopted in server DRAM following increasing needs for high-performance in server. Supported by expansion of DDR4 use in 2015, oligopoly structure (SEC, SK Hynix,...

    2014-09-23 13:09
  • Youke's pleasant trip to Seoul

    Recently, companies that are related to Chinese consumption are a hot issue in the domestic stock market. We virtually followed Chinese tourists, referring their itinerary. In conclusion, we think ...

    2014-09-23 13:04
  • [Steel Industry] MOE to allocate emissions allowance to steel and metal players

    MOE to allocate emissions allowance to steel and metal players Recently, the Ministry of Environment (MOE) selected 526 companies (including 39 steel firms and 24 metal players) to be subjected to...

    2014-09-18 11:04
  • Semiconductor Industry-DRAM tech migration to continue

    Semiconductor makers were expected to face difficulties in shifting below 40nm with ArF Immersion equipment; however, DRAM players have managed to continue their tech migration efforts with the h...

    2014-09-18 10:58
  • Hyundai Hysco-Earnings surprise again; revise up TP

    Hyundai Hysco recorded earnings surprise again in 2Q14 following 1Q. We revise up our EPS estimates by 17% in 2014 and 39% in 2015. Also, we revise up our TP from W65,000 to W110,000, maintaining B...

    2014-08-11 15:36
  • Medytox-Record-high earnings expected in 2Q14

    Record-high earnings expected in 2Q14 Despite Daewoong Pharm’s launch of Nabota, Medytox should sustain strong domestic sales growth thanks to its new product offerings. We expect the firm to post...

    2014-07-21 15:42
  • LG Chem 2Q14 review: Rebounding from bottom

    2Q14 review: Rebounding from bottom We believe that the won appreciation and the sluggish petrochemical industry conditions (which have lasted for more than a year) are already reflected in LG Che...

    2014-07-21 15:32
  • Holding Company 2Q Review

    We expect 2Q14 result would meet market consensus. Holding companies earnings momentum is improving except SK Holdings and GS Holdings (which holds refinery affiliates). Our Top pick is SK C&C and ...

    2014-07-21 13:57
  • Fixed Income Weekly-Instead of of supplementary budget, base rate will be cut twice

    We believe that bond yield will decline until at least the start of 4Q as two times of base rate cut is expected (in August and October). As such, we advise: 1) adding to long positions on each and...

    2014-07-21 13:46
  • [Display Industry]Panel prices stable in first half of July

    Panel prices stable in first half of July Led by orders from set makers having been brought forward (orders relate to Black Friday), panel prices for the first half of July came in steady. We expe...

    2014-07-09 18:12
  • [Internet/Game] 2Q14 results to miss consensus

    2Q14 results to miss consensus The game industry is starting to differentiate into two market segments: 1) PC and web-based games; and 2) mobile based games. While the earnings performance of PC/w...

    2014-07-09 18:11