[EQUITIES] Hana Investment forecasts AmorePacific’s Q2 earnings to rise

[THE INVESTOR] Hana Financial Investment forecast cosmetics maker AmorePacific’s second quarter sales and operating profit to rise 19.5 percent and 23.6 percent on-year, to 1.42 trillion won (US$ 1.23 billion) and 257 billion won, respectively. In the latter half of the year, Hana expects operating profit to climb 50 percent or more from the same period in 2015. However, the brokerage report added that there was a possibility of some uncertainties arising from China in the aftermath of the THAAD

July 14, 2016

[EQUITIES] NHN Entertainment’s profits to dip in H2

[THE INVESTOR] Korean online game and service provider NHN Entertainment is expected to see its profits slowing in the latter half of this year due to increased marketing costs for new services. Korea Investment & Securities predicted on July 14 that the company would post 215.8 billion won (US$189.51 million) in sales and 12 billion won in operating profit in the second quarter. “The company’s key games are generating stable profits,” said Kim Sung-eun, an analyst of the local bourse. “In the s

July 14, 2016

[EQUITIES] Hanwha Techwin to return to profitability in Q2

[THE INVESTOR] Hanwha Techwin, the defense unit of Hanwha Group, is expected to swing back to profitability in the second quarter, Korea Investment & Securities said in a report on July 14. The securities firm predicted the company’s second-quarter profit at 32.7 billion won (US$28.70 million) returning to profitability after it posted 79.2 billion won in operating loss in the second quarter. “Due to the company’s efforts to cut costs and personnel reshuffle, it is expected to post an operating

July 14, 2016

[EQUITIES] LIG Investment sees turnaround of W36.2b at SK Networks in Q2

[THE INVESTOR] LIG Investment & Securities has forecast that SK Networks will turn its business around in the second quarter with operating profit reaching 36.2 billion won (US$ 31.45 million). Based on improved performance in information communications, gas stations and car-related businesses, LIG said SK Networks is likely to post a 9 percent increase in sales to reach an annual 21.56 trillion won in 2017, while operating profit climbs 29.9 percent to 237.5 billion won. For the past three year

July 13, 2016