[EQUITIES] NH Investment cuts Hyundai Glovis earnings target for the year

[THE INVESTOR] NH Investment & Securities on July 15 lowered its earnings target on Hyundai Glovis, citing slowing exports of its parent company, Hyundai Motor.NH cut the logistic firm’s sales target for this year and 2017 by 1.5 percent and 3.5 percent, respectively.But for second-quarter earnings, NH said the firm would maintain solid growth, with operating profit rising 12.7 percent to 178.8 billion (US$ 155.93 million) and sales growing 5.3 percent to 3.89 trillion won. By Kim Ji-hyun (jemmi

July 15, 2016

[EQUITIES] Mirae Asset Daewoo cuts EPS on Kakao

[THE INVESTOR] Mirae Asset Daewoo Securities on July 15 cut its earnings per share ratio for this year and 2017 by 17.6 percent and 17.7 percent, respectively. It said this was mainly because Kakao’s latest online-to-offline business such as the Kakao designated driver service has yet to be reflected in stock prices. At the same time, expenses are expected to rise throughout the second and third quarters, further weighing on the messaging service’s profit. The brokerage added that it would have

July 15, 2016