[THE INVESTOR] Fila Korea will defend its management rights in Acushnet by increasing its stake up to 50 percent before the US golf equipment manufacturer goes public this month, according to news reports on Oct. 19.With 33.1 percent stake, it currently is the largest shareholder of Acushnet, the world’s largest golf equipment and apparel company that owns Titleist and FootJoy. Acushnet will offer 19.3 million shares to the public, to raise up to US$463.2 million, and its total post-IPO market v

Oct. 20, 2016

[THE INVESTOR] Kolmar Korea will stay on the upturn as it continues to fare well at home and overseas, according to Shinhan Investment on Oct. 20.The securities firm maintained a “buy” recommendation and target price of 130,000 won (US$116.03), forecasting that the cosmetics original development manufacturer’s third quarter turnover will reach 156.8 billion won, up 22.3 percent on-year, with a 18.8 billion won operating profit, up 19.8 percent on-year, meeting the market consensus.It will contin

Oct. 20, 2016

[THE INVESTOR] AmorePacific Group will maintain a steady growth momentum as Innisfree continues to thrive and Etude’s both sales and profit leap, according to NH Investment and Securities on Oct. 20. It maintained a “buy” recommendation and projected a 207,000 won (US$184.76) target price, up from 190,000 won. The beauty giant’s third-quarter revenue will hike 26.4 percent to 1.70 trillion won, and its operating profit 48.8 percent to 280.2 billion won, from the same period last year, forecast H

Oct. 20, 2016

[THE INVESTOR] Arion Technology acknowledged that its subsidiary DreamT Entertainment is in the process of being listed on the Singapore stock market by merging with a local listed company, in a statement released on Oct. 19 in response to Korea Exchange’s inquiry regarding the news reports. DreamT is South Korean idol group Girl’s Day’s agency.   Girl's DayArion is seeking to list three entertainment subsidiaries, Line and YMC as well, and is looking at the best way to create synergies with a l

Oct. 19, 2016

[THE INVESTOR] Hanwha Group will turn to black in the third quarter and post 152.1 billion won (US$135.14 million) controlling shareholder net income, according to Hana Financial Investment on Oct. 19. The securities firm maintained a “buy” recommendation and the target price of 46,000 won.Hanwha’s operating profit in the third quarter will soar 422.8 percent to 535.2 billion won, remarkably higher than market consensus, said O Jin-won, an analyst at Hana, following “Hanwha Engineering and Const

Oct. 19, 2016

[THE INVESTOR] Woori Bank reported on Oct. 19 that its net profit in the third quarter rose 15.9 percent to 355.6 billion won (US$315.95 million) from the same period last year.Its accumulative net profit this year hiked 31.6 percent on-year to 1.16 trillion won, surpassing that of the whole year 2015.The interest income increased while bad account cost decreased, leading to a better performance, said the bank. Net interest income from January to September reached 3.75 trillion won, a 6.5 percen

Oct. 19, 2016

[THE INVESTOR] CJ CheilJedang’s stock price will rise thanks to the growth in processed foods and bio divisions, according to Korea Investment and Securities on Oct. 19, maintaining a “buy” recommendation and the target price of 500,000 won (US$444.25).The company’s third-quarter turnover will rise 11.1 percent on-year to 3.74 trillion won and its operating profit 9.8 percent to 244.3 billion won on a consolidated basis, forecast Lee Gyeong-ju, an analyst at the securities firm.Its performance w

Oct. 19, 2016

[THE INVESTOR] A total of 14 affiliates of three conglomerates -- Booyoung, Hyundai and Hyundai Department Stores -- have neglected to post regulatory filings, according to Fair Trade Commission on Oct. 18.The independent body found 211 cases of negligence. Seven affiliates of Booyoung(Chairman Lee Joong-keun), a construction and housing rental company, accounted for 203 cases including 192 cases of intra-affiliate monetary transaction that were not reported despite being passed by the board of

Oct. 18, 2016

[THE INVESTOR] Paradise Group (034230) will be burdened by the costs for building a resort in Yeongjongdo that is slated to open in 2017, said Shinhan Investment on Oct. 18. The securities firm maintained a “buy” recommendation but lowered the target price to 18,000 won (US$15.90) from 21,000 won. “The third-quarter revenue will rise 22.9 percent on-year to 175.5 billion won and the operating profit will be up 46.4 percent to 16.8 billion won,” forecast Seong Jun-won, an analyst at Shinhan. The

Oct. 18, 2016