[EQUITIES] KOGAS’ Q2 operating profit to rise 417%: Samsung Securities

[THE INVESTOR] Samsung Securities forecast state-run Korea Gas Corp.’s second quarter operating profit will jump 417.3 percent on-year to 19 billion won (US$16.73 million) on improved earnings from overseas exploration and production businesses. Revenue, however, was expected to fall 15.4 percent to 4.2 trillion won on declining sales in liquefied natural gas.Further undermining KOGAS’ profit in the latter half of the year is its recent decision to suspend its development program in Iraq’s Akkas

July 26, 2016

[EQUITIES] Kyobo Securities forecasts LG Corp.’s Q2 revenues to beat market estimates

[THE INVESTOR] Kyobo Securities said LG Corp. the holding company of LG Group is expected to post a second-quarter operating profit of 383 billion won (US$336.61 million), which is 12 percent higher compared to the same period in 2015. Sales were forecast to reach 2.58 trillion won, up 7.2 percent on-year. Both figures are higher than the current market consensus. Kyobo said the higher-than-expected revenues would stem from improved earnings from key affiliates such as LG Electronics and LG Chem

July 26, 2016