[EQUITIES] Hotel Shilla’s operating profit to reach W21.2b in Q2

[THE INVESTOR] Mirae Asset Daewoo Securities forecast Hotel Shilla will post a 28.2 percent on-year increase in operating profit in the second quarter, and a 13.1 percent climb in sales. On a consolidated basis, the brokerage said operating profit would reach 21.1 billion won (US$18.4 million), while sales stand at 955.4 billion won.Mirae Asset Daewoo said that the Samsung affiliate was likely to continue growing this year despite higher commission expenses and an operating loss from Shilla’s du

July 14, 2016

SFC fines Yuanta Securities W2b

[THE INVESTOR] Yuanta Securities Korea has been slapped with a fine of 2 billion won (US$ 1.76 million) for omitting transactions with affiliated entities in its regulatory filings, the securities regulator said July 14.The Securities and Futures Commission noted that the company will also be audited by an external auditor designated by the state for two years. The company omitted real estate transactions with an affiliated person, and monetary transactions between a subsidiary and an affiliated

July 14, 2016

[EQUITIES] Hana Investment forecasts AmorePacific’s Q2 earnings to rise

[THE INVESTOR] Hana Financial Investment forecast cosmetics maker AmorePacific’s second quarter sales and operating profit to rise 19.5 percent and 23.6 percent on-year, to 1.42 trillion won (US$ 1.23 billion) and 257 billion won, respectively. In the latter half of the year, Hana expects operating profit to climb 50 percent or more from the same period in 2015. However, the brokerage report added that there was a possibility of some uncertainties arising from China in the aftermath of the THAAD

July 14, 2016

[EQUITIES] NHN Entertainment’s profits to dip in H2

[THE INVESTOR] Korean online game and service provider NHN Entertainment is expected to see its profits slowing in the latter half of this year due to increased marketing costs for new services. Korea Investment & Securities predicted on July 14 that the company would post 215.8 billion won (US$189.51 million) in sales and 12 billion won in operating profit in the second quarter. “The company’s key games are generating stable profits,” said Kim Sung-eun, an analyst of the local bourse. “In the s

July 14, 2016

[EQUITIES] Hanwha Techwin to return to profitability in Q2

[THE INVESTOR] Hanwha Techwin, the defense unit of Hanwha Group, is expected to swing back to profitability in the second quarter, Korea Investment & Securities said in a report on July 14. The securities firm predicted the company’s second-quarter profit at 32.7 billion won (US$28.70 million) returning to profitability after it posted 79.2 billion won in operating loss in the second quarter. “Due to the company’s efforts to cut costs and personnel reshuffle, it is expected to post an operating

July 14, 2016