CLIO eyes KOSDAQ listing

[THE INVESTOR] Korean cosmetics company CLIO, which recently caught the attention of luxury goods giant LVMH, is gearing up for an initial public offering on Seoul’s secondary bourse KOSDAQ, according to industry sources on July 15. The sources additionally revealed that the cosmetics company is currently preparing to submit the required documents necessary for listing by end of July. NH Investment & Securities will partake in the process as underwriter. Actress Kong Hyo-jin in an advertisement

July 15, 2016

LINE gets off to good start in New York, Tokyo

[THE INVESTOR] After its debut on the Tokyo Stock Exchange on July 15, LINE Corp.’s shares soared around 52 percent to 5,000 yen (US$47.40) from its offer price of 3,300 yen, as of 10:39 a.m. Trading of the company’s share in Tokyo was delayed early in the morning as buyers outnumbered sellers by about four to one. Line CFO Hwang In-joon (left), New York Stock Exchange President Tom Farley (second from left), Line Chief Global Officer Shin Jung-ho (third left), and Line chief strategy officer Ju

July 15, 2016

[EQUITIES] Dongbu Securities sees Samsung SDS’ Q2 earnings beating market estimates

[THE INVESTOR] Dongbu Securities on July 15 forecast Samsung SDS’ second quarter earnings will beat market estimates.The brokerage said operating profit would rise 7.3 percent to 175.7 billion won (US$153.22 million), which is above the market consensus of 160.6 billion won. Sales are also expected to rise to the 2-trillion-won level, it said in a report.But Dongbu also noted that sentiment is subdued due to the ongoing issue over Samsung SDS’s plans for splitting off its logistics business.By K

July 15, 2016

LINE stock jumps 52% from offer price in Tokyo

[THE INVESTOR] After its debut on the Tokyo Stock Exchange on July 15, LINE Corp.’s share soared around 52 percent to 5,000 yen (US$47.40) from its offer price of 3,300 yen, as of 10:39 a.m. The opening price stood at 4,900 yen. A Line character shop in Seoul / The InvestorTrading of the company’s share in Tokyo was a bit delayed early in the morning as buyers outnumbered sellers around four times.Line is the mobile messenger service operator owned by Korean Internet portal giant Naver (chairman

July 15, 2016

[EQUITIES] NH Investment expects E-mart’s Q2 earnings to fall below estimates

[THE INVESTOR] NH Investment & Securities forecast local retailer E-mart will post earnings below market estimates in the second quarter.On a consolidated basis, the Shinsegae Group affiliate’s sales were expected to rise 8 percent to 3.92 trillion won (US$3.41 billion), with operating profit rising 0.4 percent to 66 billion won. However, the figures fall below the market consensus of 70.9 billion won operating profit. E-mart’s offline store growth fell 0.5 percent in the second quarter. One of

July 15, 2016