The Korea Herald

Hyundai Steel’s Q3 operating profit up 7.7% to W356b

[DISCLOSURE] Hyundai Steel (004020) reported on Oct. 28 that its operating profit in the third quarter rose 7.7 percent to 356.2 billion won (US$310.90 million) from the same period last year.Its revenue slipped 0.5 percent to 4.06 trillion won on-year. (theinvestor@heraldcorp.com)

Oct. 28, 2016

IBK’s Q3 operating profit up 14.9% to W380.5b

[DISCLOSURE] Industrial Bank of Korea (024110) reported on Oct. 28 that its operating profit in the third quarter rose 14.9 percent to 380.5 billion won (US$332.11 million) from the same period last year.Its revenue increased 5.7 percent to 5.13 trillion won and net profit 13.9 percent to 282.1 billion won on-year. (theinvestor@heraldcorp.com)

Oct. 28, 2016

Lotte Chemical’s Q3 operating profit up 32.8% to W643b

[DISCLOSURE] Lotte Chemical (011170) reported on Oct. 28 that its operating profit in the third quarter jumped 32.8 percent to 643.2 billion won (US$561.40 million) from the same period last year.Its revenue rose 12.9 percent to 3.43 trillion won and net profit soared 88.6 percent to 451.4 billion won on-year. (theinvestor@heraldcorp.com)

Oct. 28, 2016

Leaders Cosmetics earns patent for seal cap ample pack

[DISCLOSURE] Leaders Cosmetics (016100) announced on Oct. 28 that it has obtained a patent regarding ample type mask packs, with new sealing technology to the cap. (theinvestor@heraldcorp.com)

Oct. 28, 2016

[EQUITIES] ‘Smartphone woes will continue to plague LG’

[THE INVESTOR] LG Electronics’ third-quarter earnings were dragged down by the continuing underperformance of its smartphone division, said NH Investment and Securities as it knocked down the target price to 68,000 won (US$59.35) from 80,000 won on Oct. 28.Its operating profit fell 4 percent to 283.2 billion won and sales were down 6 percent to 13.2 trillion won. The figures will further shrink in the fourth quarter, said analyst Go Jeong-u, predicting that “its smartphones will keep posting los

Oct. 28, 2016

[EQUITIES] ‘Smartphone woes will continue to plague LG’

[EQUITIES] ‘Green Cross still in spending cycle’

[THE INVESTOR] Green Cross failed to meet market expectations with 34.6 billion won (US$30.20 million) operating profit and 327.6 billion won revenue in the third quarter, said Korea Investment and Securities on Oct. 28, lowering its target price to 206,000 won from 232,000 won.Its revenue was boosted by the introduction of new products but sales from flu vaccine, which has higher margin, was deferred and research and development cost increased by over 40 percent to 110 billion won, bringing dow

Oct. 28, 2016

[EQUITIES] ‘Green Cross still in spending cycle’

[EQUITIES] ‘Spin-off to be governance disadvantage for Samsung SDS’

[THE INVESTOR] Samsung SDS will be put in an unfavorable position after its spin-off in terms of corporate governance, according to Shinhan Investment on Oct. 28. The securities firm maintained its “neutral” position on investment.“The spin-off will take place in first half of 2017, and the logistics division will probably be merged into Samsung C&T in which major shareholders have relatively higher stakes,” said analyst Gong Yeong-gyu. “If the IT service division succeeds in merging with Samsun

Oct. 28, 2016

[EQUITIES] ‘Spin-off to be governance disadvantage for Samsung SDS’

Samsung Heavy turns to black in Q3

[DISCLOSURE] Samsung Heavy Industries (010140) reported on Oct. 27 that its operating profit in the third quarter reached 84 billion won (US$73.75 million), turning to black from the same period last year. Its revenue rose 14 percent to 2.78 trillion won on-year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

Maeil Dairies opts out of McDonald’s Korea bid

[THE INVESTOR] Maeil Dairies has shelved its plans to bid for McDonald’s Korea in a consortium with Carlyle Group, according to news reports on Oct. 27. It was the last remaining bidder after all potential candidates, including CJ and NHN Entertainment, dropped out of the race to acquire the fast-food chain’s operations here that has over 400 outlets, and was estimated to be worth 500 million won (US$439.44 million). Mail Diaries had teamed up with the US private equity fund manager that is eyei

Oct. 27, 2016

Maeil Dairies opts out of McDonald’s Korea bid

Samsung SDS’s Q3 operating income jumps 41.9% to W170.5b

[DISCLOSURE] Samsung SDS (018260) reported on Oct. 27 that its operating profit in the third quarter jumped 41.9 percent to 170.6 billion won (US$149.78 million) from the same period last year. Its revenue rose 6.8 percent to 2.12 trillion won and net profit inched up 0.5 percent to 110.1 billion won on-year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

[EQUITIES] ‘LG Int’l Q3 earnings very disappointing’

[THE INVESTOR] LG International's third-quarter operating profit was disappointing at 21.6 billion won (US$18.96 million), falling way short of market consensus, securities firms said on Oct. 27.NH Investment and Securities lowered the target price to 31,000 won from 48,000 won and changed its recommendation to "hold."The firm’s operating profit dropped 28 percent as its resources business reflected costs of mine waste processing while the logistics division aggressively sought to increase volum

Oct. 27, 2016

[EQUITIES] ‘LG Int’l Q3 earnings very disappointing’

[EQUITIES] ‘GS E&C slow in recovery’

[THE INVESTOR] GS Engineering and Construction is lagging in recovery, said Shinhan Investment on Oct. 27, lowering the target price to 38,000 won (US$33.36) from 39,000 won. Its operating profit soared 252.7 percent to 38.4 billion won on-year but this is lower than market expectations (57.8 billion won), said analyst Park Sang-yeon. “A total of seven low price constructions will continue into the fourth quarter,” dragging down the speed of recovery, but in 2017 the figures will improve signifi

Oct. 27, 2016

Innocean’s Q3 earnings up 8.7% to W21.5b

[DISCLOSURE] Innocean Worldwide (214320) reported on Oct. 27 that its operating profit in the third quarter rose 8.7 percent to 21.4 billion won (US$18.79 million) from the same period last year. The marketing and advertising arm of Hyundai Motor Company’s revenue fell 3.7 percent to 231.7 billion won and net profit was down 8.3 percent to 16 billion won on-year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

[URGENT] Kia Motors' Q3 earnings slump 22.5% to W525b

[DISCLOSURE] Kia Motors (000270) reported on Oct. 27 that its operating profit in the third quarter fell 22.5 percent to 524.8 billion won (US$460.76 million) from the same period last year. Its revenue slipped 3.1 percent to 12.70 trillion won on-year. (theinvestor@heraldcorp.com)

Oct. 27, 2016

Daewoo E&C’s Q3 operating profit down 19%

[DISCLOSURE] Daewoo Engineering and Construction (047040) reported on Oct. 27 that its operating profit in the third quarter fell 19 percent to 97.9 billion won (US$85.95 million) on-year.Its revenue increased 6.9 percent to 2.78 trillion won and net profit decreased 5.8 percent to 3.08 billion won from the same period last year.“Although we have done quite well in housing and residential construction, there were some losses from overseas, and dented the income,” explained the company. (theinves

Oct. 27, 2016

Articles by 황유미