[EQUITIES] Shinhan Investment forecasts Hotel Shilla’s Q3 profit to jump 1312% to W39.5b

[THE INVESTOR] Shinhan Investment forecast Hotel Shilla’s second-half profit to rise on improving profit margins in both the hotel and duty-free business in the second half of the year. Third quarter operating profit was forecast to rise 1312 percent on-year to 39.5 billion won (US$347.16 million) on a consolidated basis, to further increase by 173 percent to 30.8 billion won. Rising tourist volume will contribute to the increase, Shinhan said. As a further catalyst, the license of rivals in the

July 25, 2016

[EQUITIES] NH Investment & Securities sees SK Innovation’s Q3 profit declining 42%

[THE INVESTOR] NH Investment said on July 25 that SK Innovation’s third-quarter operating profit will fall 42.1 percent on-quarter to 647.9 billion won (US$569.43 million). The figure, however, will reflect a 78 percent increase from the same period in 2015.The forecast was based on speculation that the average refinery margins will fall, NH said. In the second quarter, the South Korean energy firm posted 1.11 trillion won of operating profit, exceeding 1 trillion won in quarterly profit for the

July 25, 2016

Samsung Electronics stock retreats after 7-day rally

[THE INVESTOR] Samsung Electronics’ stock lost 1.75 percent to close at 1,516,000 won (US$1,335.60) on July 22 in the wake of a recent sex scandal involving the firm’s chairman Lee Kun-hee.Samsung’s share has recently been on an upward trend after crossing the 1.5 million won threshold on July 11 for the first time since 2015. The firm’s stock price continued to rise for seven straight trading days since July 14. Some analysts painted a rosy picture, even anticipating that the price could hit an

July 22, 2016