The Korea Herald

Paxnet gets approval for Kosdaq listing

Jul 29, 2016

[THE INVESTOR] Paxnet, a South Korean financial data provider, was approved for listing on the secondary bourse Kosdaq, the Korea Exchange on July 29. The stock of Paxnet will start trading from Aug. 1, and the indicative share price has been set at 5,200 won (US$4.63). The firm, which was established in 1999, logged 20.59 billion won in sales and 3.63 billion won in net income last year. (theinvestor@heraldcorp.com)
[EQUITIES] SK Securities sees growth potential for Naver

Jul 29, 2016

[THE INVESTOR] SK Securities said Naver is expected to show solid growth this year on the back of Line’s successful IPO and a number of new money-making projects.Naver’s webtoon service, which launched overseas two years ago, has more than 18 million monthly users, while video messaging app Snow has more than 40 million users.In the second quarter, Naver’s operating profit rose 44 percent to 272.7 billion won (US$242.85 million), while sales rose 26.3 percent to 987.3 billion won. Net profit sur
[EQUITIES] NH Investment forecasts 10% increase in Samsung SDS’ annual profit

Jul 29, 2016

[THE INVESTOR] Samsung SDS is expected to manifest solid earnings in the latter half of the year, said NH Investment & Securities on July 29.For the entire year, Samsung SDS was forecast to post a 10 percent on-year increase in operating profit to 648.2 billion won (US$574.63 million), while sales will rise 4 percent to 8.19 trillion won. The brokerage also said that the planned split-off of the firm’s logistic business and an overall restructuring in its corporate governance including M&As woul
BOK sees higher growth in 2017

Jul 29, 2016

[THE INVESTOR] South Korea’s economy will grow at a slightly higher pace in 2017, the Bank of Korea projected.In the monetary policy report submitted to the National Assembly on July 29, the BOK said that next year will see a small increase in growth rate compared to the upper 2 percent range forecast for this year. “The domestic economy is following an improving trend since the first quarter, but due to increasing uncertainties at home and abroad, growth rate for the year will be in the higher
[ANALYST REPORT] SK Telecom: Commerce investments to lift growth but weigh on earnings

Jul 29, 2016

What’s new: 2Q16 earnings mostly in line with estimates 2Q16 earnings at SK Telecom (SKT) were mostly in line with our estimates and consensus. Sales missed our estimate by 1.4% as ARPU fell. OP was 6.7% lower than our estimate on the sluggish sales and losses at subsidiaries, including SK Planet. ARPU fell 0.7% QoQ as the weighting of subscribers opting for rate discounts increased and the number of subscribers with a second device grew to 890,000, up 16.3% QoQ. OP fell 1.3% YoY, but given the
[EQUITIES] Samsung SDI unlikely to turn to profit in Q3

Jul 29, 2016

[THE INVESTOR] Dongbu Securities on July 29 predicted that Samsung SDI's third-quarter earnings could fall below 1 trillion won (US$890 million) considering the continuing business uncertainties in China, hinting at reducing its target price soon. The stock price closed at 10,600 won, down 3.2 percent from the previous day. Samsung SDI's EV battery.The securities firm said it is unlikely for the battery-making unit of Samsung Group to solve the regulatory issues in China where the local authorit