The Korea Herald

Daewoo E&C Q2 results to be in line with expectations

[THE INVESTOR] South Korean builder Daewoo E&C’s second-quarter earnings will meet market expectations, LIG Investment & Securities said on July 19. The securities firm expected that Daewoo E&C would post 2.73 trillion won (US$2.42 billion) in sales in the April-June period, up 5.8 percent from a year earlier. Its operating profit is likely to fall 5.6 percent to 98.4 billion won. “The Q2 earnings will be on a par with market consensus because of improved revenue from domestic housing and constr

July 19, 2016

Daewoo E&C Q2 results to be in line with expectations

Samsung Biologics, Sillajen likely to be listed by year-end: analysts

[THE INVESTOR] Samsung Biologics and Sillajen are likely to be listed by the end of this year, according to analysts on July 19. Samsung Biologics is preparing to apply for preliminary assessment by the Korea Exchange by August this year. Once listed, the stock value is expected to reach around 10 trillion won (US$8.77 billion). The company posted a second straight year of loss in 2015, with the amount widening to 203.6 billion won from 119.5 billion won in 2014. Samsung Biologics headqartersAna

July 19, 2016

Samsung Biologics, Sillajen likely to be listed by year-end: analysts

Pokemon Go success helps fuel OTC market boom

[THE INVESTOR] The popularity of Pokemon Go -- a mobile, augmented reality game -- is convincing more investors to see the money-making potential of unlisted firms trading in South Korea's over-the-counter stock market. According to Korea Financial Investment Association, an average daily trading value at the OTC has nearly doubled during the past seven months to 674 million won (US$ 591,400) in July from 390 million won in January. Monthly trading volume also has surged to 11.46 million shares

July 19, 2016

Pokemon Go success helps fuel OTC market boom

[EQUITIES] LG Display to improve profits on growing panel prices

[THE INVESTOR] Samsung Securities on July 19 predicted that LG Display would benefit from growing panel prices in the latter half of this year, raising the target price from 24,000 won (US$21) to 33,000 won per share. The brokerage said Chinese rivals still have problems in beefing up larger liquid-crystal display panels, while the planned suspension of Samsung Display’s another LCD plant would cause a supply shortage to benefit LG Display. Considering the recent positive signs, the brokerage el

July 19, 2016

[EQUITIES] HI Investment expects complete turnaround by Doosan Heavy Industries in Q3

[THE INVESTOR] HI Investment & Securities said on July 19 that Doosan Heavy Industries & Construction would continue into the black in the third quarter of this year after posting positive earnings in the second quarter.The firm is likely to continue to post profit as it initiates the orders it reaped in 2014 and 2015, the brokerage said.In the second quarter of this year, Doosan Heavy Industries’ operating profit rose 16 percent to 262.4 billion won (US$ 230.25 million). By Kim Ji-hyun (jemmie@

July 19, 2016

[EQUITIES] Korea Investment & Securities sees improved Q2 earnings for Naver

[THE INVESTOR] Korea Investment & Securities on July said it expects Naver to show improved performance in the second quarter of this year.The brokerage said the nation’s top search engine would post a 58 percent increase in operating profit, at 264.1 billion won (US$231.74 million), while sales will climb 26.3 percent to 986.5 billion won.Korea Investment said the seasonal factors, along with the sale of LINE Corp.’s new ad, Timeline, is expected to help bolster Naver’s earnings.Line’s second-q

July 18, 2016

[EQUITIES] Korea Investment & Securities sees improved Q2 earnings for Naver