Despite lower iron ore prices, Posco's turnaround is likely to be gradual because of a supply glut.
No-moat Posco’s first-quarter 2017 net profit of KRW 851 billion was significantly ahead of our expectation due to higher selling prices and improved performance of the nonsteel businesses, especially the engineering and construction, or E&C, division. We increase our 2017 earnings by 24% to take into account the better-than-expected results, and we raise our fair value estimate to USD 49 per ADR (KRW 225,000 per share) from USD 45.50 (KRW 210,000). Our fair value estimate implies about 0.5 ...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.