Sung-mi Shim

Featured in: Favicon

kedglobal.com

Articles

Cash is king in South Korea on Samsung, US election uncertainties

Nov 3, 2024 | kedglobal.com | Sung-mi Shim |Tae-Ung Bae |Bo-Hyung Kim

South Korean investors are hoarding cash as Samsung Electronics Co., the world’s top memory chipmaker, huts local stocks and growing uncertainties over the US presidential election put pressure on Wall Street assets.
Samsung Securities lowers Samsung Electro-Mechanics target price - KED Global

Oct 29, 2024 | kedglobal.com | Sung-mi Shim

South Korea's Samsung Securities lowered its target price for Samsung Electro-Mechanics Co. to 160,000 won ($120) from 210,000 won. The securities explained that Samsung Electro-Mechanics' pace of recovery in the multilayer ceramic capacitor (MLCC) market is slower than expected.
Korea Investment lowers price target for Samsung Electro-Mechanics

Sep 29, 2024 | kedglobal.com | Sung-mi Shim

Korea Investment & Securities lowered the target price of Samsung Electro-Mechanics by 14.3% on Sunday, citing weaker-than-expected third-quarter results and continued softness in IT demand. In a note to clients, analyst Park Sang-hyun forecasted that the company's third-quarter operating profit would come in at 225.2 billion won ($169 million), missing the market consensus by 9.1%.
KRX launches Korea Value-up Index to enlist 100 best practice firms

Sep 24, 2024 | kedglobal.com | Han-shin Park |Sung-mi Shim |Tae-Ung Bae

South Korea’s securities exchange operator, Korea Exchange, launched a new corporate value-up index on Tuesday, a key plank for the government’s push for better corporate governance and improved shareholder returns. The Korea Value-up Index is composed of 100 listed “best practice” companies, including big-cap blue-chip companies such as Samsung Electronics Co., SK Hynix Inc., Hyundai Motor Co. and Kia Corp.
Analysts rebut Morgan Stanley’s chip winter view; oversupply unlikely

Sep 22, 2024 | kedglobal.com | Sung-mi Shim |Tae-Ung Bae

Morgan Stanley’s recent view that the global chip industry faces an imminent winter and companies like SK Hynix Inc. will suffer is exaggerated and a projected oversupply of HBM, or AI chips, is unlikely in the near future, analysts said. In its Sept.
South Korean stocks rebound but on rollercoaster ride

Aug 6, 2024 | kedglobal.com | Sung-mi Shim |Ik-Hwan Kim

South Korean stocks on Tuesday recouped some of their hefty losses caused by the global panic selling on the prior day after the financial authorities’ verbal warning for any excessive market move to calm the market.
South Korean stock market crashes; more falls ahead

Aug 5, 2024 | kedglobal.com | Sung-mi Shim |Jin-gyu Kang

The South Korean stock market was one of the worst victims of panic selling by investors frightened by the US economy’s deeper recession on Monday, with the main Kospi index breaking below 2,500 on a nearly 9% fall, which activated a circuit breaker for the first time in more than four years. Pessimistic views betting on a longer downward spiral in stocks are seemingly winning over some market recommendations of buying the dip.
S.Korean firms focusing on emerging Asia to shine

Feb 24, 2023 | kedglobal.com | Sung-mi Shim

South Korean companies with a large proportion of sales to emerging Asia are expected to shine in the stock market this year as their revenue from those regions will grow more than other geographies, a report said. Major listed companies in Korea will see average revenue growth¬†of 2.6% this year, according to a Feb.
Kakao Pay newly joins MSCI Korea Index - KED Global

Feb 10, 2023 | kedglobal.com | Sung-mi Shim

Kakao Pay Corp., the mobile payment arm of South Korean tech firm Kakao Corp., has been added to the Morgan Stanley Capital International (MSCI) Korea Index, according to sources in the financial industry. MSCI, a global stock index calculator, included Kakao Pay in its quarterly review ending in February released on Friday. Stocks that are incorporated into the MSCI index are selected based on their total and floating market capitalizations.