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Search resuls for: "Korea Exchange"


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Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.
Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU
The uncertainty has led Morgan Stanley to reiterate its recommendation to buy dividend stocks. The investment bank noted that the MSCI Asia Pacific ex-Japan High Dividend Index has slightly underperformed the MSCI Asia Pacific ex-Japan index in the second quarter of the year, albeit by only 0.34 percentage points. "We still prefer Dividend stocks given cautious risk sentiment in Asia/EM and see support in valuations for quality dividend stocks due to their defensiveness. Investor appetite on corporate reform and shareholder return theme in Asia/EM also remain high, which are likely to benefit dividend stocks." The company provides distillery services and Morgan Stanley sees it benefitting from "improving demand for high-end products and mid-market brands."
Persons: Morgan Stanley, Morgan, Wuliangye, — CNBC's Michael Bloom Organizations: Asia, UST, U.S . Treasury, Wuliangye Yibin Company, China's Shenzhen Stock Exchange, FTSE, G, Won, Korea Exchange, American Locations: Japan, Asia, Pacific, China, FTSE China, Korean, U.S
Game developer Shift Up is known for its mobile and computer games that include Goddess of Victory: Nikke and console game Stellar Blade. Shares of South Korean video game developer Shift Up spiked almost 50% as the company debuted on the Kospi on Thursday. The company sold 7.25 million shares in its IPO, raising 435 billion won or about $315.56 million. This is South Korea's largest IPO since the debut of maintenance and repair firm HD Hyundai Marine Solution in May. Shift Up also makes the free-to-play game Goddess of Victory: Nikke, released in 2022.
Persons: Tae Kim Organizations: Korea Exchange, South Korean, Hyundai, PlayStation Locations: Seoul, South Korea, U.S
An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty ImagesAsia-Pacific markets were mixed after minutes from the last U.S. Federal Reserve meeting revealed that Fed officials have grown more concerned about inflation, with members indicating they lacked confidence to move forward on interest rate reductions. In Asia, investors will assess flash business activity data from Australia and Japan, as well as Singapore's final first quarter gross domestic figures. South Korea's central bank will be announcing its policy rate decision today. Analysts polled by Reuters expect the Bank of Korea to hold its benchmark lending rate at 3.5%, although a note from ING last week said the meeting will still be closely watched, "as two new members have joined the [BOK's] board since the last meeting and it will be interesting to see if this has changed the view of the board."
Persons: SeongJoon Cho Organizations: Korea Exchange, Bloomberg, Getty Images, Federal Reserve, Reuters, Bank of, ING Locations: Seoul, South Korea, Getty Images Asia, Pacific, U.S, Asia, Australia, Japan, Korea's, Bank of Korea
Employees of HD Hyundai Marine Solution Co., during the company's listing ceremony at the Korea Exchange in Seoul, South Korea, on Wednesday, May 8, 2024. Shares of maintenance and repair firm HD Hyundai Marine Solution spiked nearly 50% in their trading debut Wednesday, marking a strong start to South Korea's largest IPO since January 2022. Shares traded as high as 166,100 South Korean won ($121.59) apiece, representing a 99.1% surge from the IPO price of 83,400 won. The ship-repair unit of South Korea's largest shipping conglomerate HD Hyundai Group sold 8.9 million shares in the initial public offering. The IPO totaled 742.26 billion won, valuing the newly public unit around 3.71 trillion won at the offering price.
Organizations: Korea Exchange, Hyundai, South Korean, Street, KKR Locations: Korea, Seoul, South Korea, South
An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesSouth Korea's Japan-style measures for improving corporate governance may not be enough to boost its undervalued stock markets and tackle the so-called "Korea discount." Asia's fourth-largest economy is striving to boost stock market valuations that are considered much lower compared to peers, with analysts referring to the phenomenon as the "Korea discount." The 'chaebol' problemSouth Korean markets are made up of corporations called "chaebols," which are large family-owned global conglomerates, typically controlled by the founder's family. "The behavior that leads to South Korea's low stock prices is motivated, and therefore seeking to coax South Korean controlling families into 'being nice' to minority stockholders is unlikely to be successful," Pines said.
Persons: SeongJoon Cho, James Lim, Jonathan Pines, Federated Hermes, Daniel Tan Organizations: Korea Exchange, Bloomberg, Getty Images Bloomberg, Getty, Financial, FSC, Samsung Electronics, LG, SK, Hyundai, Dalton Investments, Japan, Korean Stock Exchange, Federated, Grasshopper Asset Management, CNBC Locations: Seoul, South Korea, Japan, Korea, Tokyo, Asia, Singapore
A man leads a bull during a ceremony celebrating the New Year's opening of the South Korea stock market at the Korea Exchange in Seoul on January 2, 2023. The announcement by the FSC highlighted steps that Korean authorities are taking to boost valuations of stock markets in Asia's fourth-largest economy. The country's stock markets are often considered undervalued by analysts, who refer to the phenomenon as the "Korea discount." The FSC said it will also introduce the "Korea Value-up Index" for institutional investors, including pension funds. "ETFs that track the Korea Value-up index will also be listed to facilitate retail investors' access to these companies," according to the statement.
Organizations: South, Korea Exchange, Financial, Commission, FSC, Nikkei Locations: South Korea, Korea, Seoul, Asia's, Tokyo
The 'Korea discount': Value stock or value trap?
  + stars: | 2023-11-28 | by ( Lim Hui Jie | ) www.cnbc.com   time to read: +6 min
A cameraman takes video footage of a stock index board showing South Korea's benchmark stock index (L) after a ceremony celebrating the New Year's opening of the South Korea stock market at the Korea Exchange in Seoul on January 2, 2023. Chaebol challengeIn South Korea, most market heavyweights are corporations called "chaebols," large family-owned global conglomerates that are usually controlled by the founder's family. However, IHS Markit highlighted in June last year that in South Korea, the ex-dividend date comes before the companies' dividend announcement dates. With such challenges, should investors be putting their money into South Korea stocks — or should they stay away? "If authorities continue to improve the investment environment further, the chances for the South Korean stock index to be included in the [MSCI World Index] will grow," he said.
Persons: Jung Yeon, JUNG YEON, Vikas Pershad, Jiang Zhang, Jeremy Tan, Zhang, Hebe Chen, Chen, Ryota Abe Organizations: South, Korea Exchange, Getty, Management, North, CNBC, Samsung Electronics, LG, SK, Hyundai, Samsung, Tiger Fund Management, IHS, South Korea's Financial Services Commission, IG International, Sumitomo Mitsui Banking Locations: South Korea, Korea, Seoul, North Korea, Korea's, Southeast Asia
A journalist walks past an electronic board of the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Nov 5 (Reuters) - South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a "level playing field" for retail and institutional investors, financial authorities said on Sunday. The regulator last week said it would establish a team of investigators to probe short-selling by foreign investment banks for illegal activity including so-called naked short-selling. Naked short-selling - in which an investor short-sells shares without first borrowing them or determining they can be borrowed - is banned in South Korea. Earlier in the year, the regulator fined five foreign firms including Credit Suisse for naked short-selling. Officials and market watchers alike have cited uncertainty around short-selling regulation as among factors needing to be resolved for influential index provider MSCI to upgrade South Korea to developed-market status.
Persons: Kim Hong, Kim Joo, Kim, Jack Kim, Michael Perry, Christopher Cushing Organizations: Korea, Korea Exchange, REUTERS, Rights, Monday, Financial Services Commission, Financial Supervisory Service, Credit Suisse, Thomson Locations: Seoul, South Korea, Rights SEOUL, Hong Kong
South Korean giant Samsung Electronics has an edge over other semiconductor companies, according to Hannah Gooch-Peters of asset management firm Sanlam Investments UK. Semiconductor firms have "to massively invest," Gooch-Peters said. Samsung produces dynamic random access memory chips and NAND chips. And you know … if you've got generative AI you need these memory chips to be able to use it," she added. It also has its very stable smartphone business, Gooch-Peters said.
Persons: Hannah Gooch, Peters, Gooch, Samsung's, it's, you've Organizations: Samsung Electronics, Sanlam Investments, CNBC, Semiconductor, Samsung, Taiwan Semiconductor, Qualcomm, Tesla, Intel, Sony, Korea Exchange, London Stock Exchange, Luxembourg Stock Exchange, Korea ETF, BetaShares Asia Technology Tigers Locations: Korea, Asia
Dollar creeps higher ahead of US, China economic data
  + stars: | 2023-08-08 | by ( Rae Wee | ) www.reuters.com   time to read: +3 min
The trade figures come a day ahead of the country's inflation reading, with markets on the lookout for further signs of deflation in the world's second-largest economy. Ahead of the data release, the offshore yuan was little changed at 7.2039 per dollar. The Aussie slipped 0.05% to $0.6571, while the kiwi fell 0.08% to $0.6102. "This week's economic data ... will continue to paint a picture of a weak Chinese economic recovery," said Carol Kong, a currency strategist at Commonwealth Bank of Australia. "With the (Federal Reserve's) interest rate policymaking remaining data dependent, every data point has been eliciting an even higher level of vigilance," said Gary Dugan, chief investment officer at Dalma Capital.
Persons: Jo Yong, Carol Kong, Sterling, Gary Dugan, Rae Wee, Sam Holmes Organizations: Korea Exchange Bank, REUTERS, New, Commonwealth Bank of Australia, Aussie, U.S, ANZ, Dalma, Thomson Locations: Seoul, SINGAPORE, U.S, Asia, New Zealand
The move came after China and South Korea exchanged harsh words over Yoon's comments in a recent interview with Reuters. "The Taiwan issue is not simply an issue between China and Taiwan but, like the issue of North Korea, it is a global issue." Asked about Yoon's comments, the Chinese foreign ministry denounced Yoon and called on South Korea to "prudently handle matters" related to Taiwan. Hours later, South Korea's foreign ministry hit back and said comments by the Chinese foreign ministry were "unspeakable". A vice foreign minister called in Chinese Ambassador to South Korea Xing Haiming and strongly protested what South Korea called "diplomatic discourtesy", the South Korean foreign ministry said in a statement.
Since its launch on Sept. 1, the KPOP and Korean entertainment ETF has not performed well — recently trading on the New York Stock Exchange Arca at $15.05 — a roughly 23% drop from its debut. Shares of Korean entertainment companies have been underperforming overall, with YG Entertainment's stock price down around 26% year-to-date and Hybe down more than 64% year-to-date. The fund is a 30-stock index, which includes entertainment companies that manage bands such as BTS, BlackPink, and Twice — their respective agencies being HYBE, YG Entertainment, and SM Entertainment. Shares of Korean entertainment companies have been underperforming overall. Johnny Nunez | Getty Images Entertainment | Getty Images
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTensions mount as North and South Korea fire warning shots at each otherCNBC's Shep Smith reports that North and South Korea exchanged warning shots as tensions mounted in the region.
There was a modest respite for Britain's battered bond market after the Bank of England said it would start purchasing inflation-linked debt. And MSCI's world stock index was down 0.5% -- moving back towards roughly two-year lows hit last week (.MIWD00000PUS). Emerging market stocks hit their lowest level since April 2020 and are on track for a near-30% tumble year-to-date, its worst year since the 2008 global financial crisis. GILT RESPITEBritish government bond or gilt yields edged lower, having soared on Monday, following the BoE's latest efforts to shore up the battered bond market. The Aussie dollar fell to a 2-1/2-year low of around $0.6248 and the kiwi dollar hit a low of $0.5536.
The logo of Kia Corp is seen on a steering wheel of its electric vehicle EV6 during a photo opportunity in Seoul, South Korea, June 1, 2021. Register now for FREE unlimited access to Reuters.com RegisterIn South Korea, there is a legislative push to make the likes of Netflix (NFLX.O) and Alphabet's Google (GOOGL.O) pay local network fees. While the readout from the U.S. Commerce Department said Secretary Gina Raimondo and South Korea's Lee Chang-yang reaffirmed the importance of the bilateral economic relationship, it also hinted at tensions. The pair "exchanged frank views on U.S. concerns about South Korea's pending legislation to impose network usage fees on foreign content providers and South Korea's concerns relating to electric vehicle tax credits," it said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Costas Pitas in Los Angeles; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
A woman talking on the phone walks past an electronic board of the Korea Composite Stock Price Index (KOSPI) at the Korea Exchange (KRX) in Seoul, South Korea, January 20, 2016 REUTERS/Kim Hong-Ji/File PhotoSEOUL, Sept 20 (Reuters) - South Korea plans to announce financial reforms later this year, including its policy on shareholder returns, that could help reduce the "Korea discount" in stock markets, a senior government official told Reuters on Tuesday. The "Korea discount" refers to a tendency for South Korean companies to have lower valuations than global peers due to factors such as low dividend payouts, the dominance of opaque conglomerates known as chaebols and geopolitical risks involving North Korea. Register now for FREE unlimited access to Reuters.com RegisterSome of the policies the authority is looking into include dividend policy, registration requirements for foreign investors and corporate filings. "(South Korea's) current dividend policy does not meet the global standard and has been mentioned several times by foreign investors ... In South Korea, unlike other major economies, companies confirm dividend amounts weeks after the so-called ex-date - after which buyers of the stock do not receive the payout - creating uncertainty for investors.
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