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  • Samsung Electronics-Valuations attractive as earnings set to improve

    ▶ Samsung Electronics (Samsung) posted 1Q14 preliminary sales of W53tn and OP of W8.4tn. While OP improved QoQ from W8.3tn, OP would have contracted stripping out a one-off special bonus (adjusted ...

    2014-04-09 17:10
  • Coway-A must-have for your families and investors

    ▶ Share re-rating to continue: We maintain BUY on Coway and lift the TP from W82,000 to W94,000. As earnings estimates are now based on consolidated, EPS is lifted 2% for 2014F and 3% for 2015F and...

    2014-04-09 17:08
  • Samsung Group-Business restructuring accelerates

    News: Samsung General Chemicals merges Samsung Petrochemical - Samsung General Chemicals (SGC) announced it would merge Samsung Petrochemical (Samsung Petro) to vertically integrate the Samsung g...

    2014-04-07 18:44
  • Shipbuilding-Record second-hand ship transaction volume in 1Q14

    Second-hand ship transaction volume up 77.6% in 1Q14, commercial ship market in recovery According to Clarksons data, second-hand ship transaction volume has jumped 77.6% YoY to 26.1mn DWT, a his...

    2014-04-07 18:41
  • SEC and LGE to post record TV market shares in 1Q14

    TV demand continues to surge since 4Q13 in developed markets Previously, we estimated 1Q14 global LCD TV shipments at 45.6mn units, down 31% QoQ, due to seasonal factors. We maintain our outlook ...

    2014-04-07 18:38
  • Kospi likely to range between 1,930-2,000pt

    - Overall: Relative strength of small and mid-caps should steadily weaken. A notable issue for this week is whether short-term US Treasury yields turn more volatile given the correction by high-m...

    2014-03-31 17:18
  • February industrial activities: Weaker signal of domestic demand rebounding

    -February mining/manufacturing output plummeted, services output also withered -Growth potential of domestic demand seen in January weakened in February; External uncertainties affected domesti...

    2014-03-31 17:15
  • 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
  • Consumer reaction to Galaxy S5 still lukewarm

    Galaxy S5 released on March 27 in Korea, ahead of April 11 global launch On March 27, Samsung Electronics released the Galaxy S5 in the Korean market ahead of the scheduled global release of Ap...

    2014-03-31 14:24
  • Oil refining-1Q14 results to miss market consensus

    Bearish on refining sector Over the past six years, refiners have posted the highest OPM in 1Q (Table 2). However, seasonal factors should be weak this year, on: 1) inventory valuation losses du...

    2014-03-24 17:20
  • Insurance-Regulatory risks and interest rates moving in opposite directions

    Regulators adjust pace and magnitude of RBC tightening We believe the Financial Supervisory Service (FSS) is set to ease the pace and magnitude of RBC regulatory tightening. According to news repo...

    2014-03-24 17:17
  • Telecom services-Poor 1Q14 results priced in, invest in 2Q14 rebound

    Focus on 2Q14 earnings improvement We maintain Overweight on telecom services. Since early-2014, the sector has pulled back sharply on margin concerns from excessive competition. But, shares sho...

    2014-03-24 17:14
  • Tech Strategy-Earnings of Galaxy S5 component suppliers should rebound but……

    Galaxy S5 specs out; Shipments consensus low at this point On February 24, Samsung Electronics unveiled the specifications for its next flagship model, the Galaxy S5. The hardware specs were what...

    2014-03-06 13:39
  • Electronic Components :Robust PC-related players vs. poor handset-related players

    - Smooth sell-in for foundry and PC players ahead of Lunar New Year - DRAM sales solid on soaring prices, despite slow PC demand - TV-related sales sluggish, LED earnings robust as Lunar New Year...

    2014-02-17 18:13