A director at Hyosung bought 1,337,684 shares at 51,437.698KRW and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
On July 13, 2018, Hyosung Corp. completed the 5-way Spinoff of its 6 divisions into 4 new operating entities. We believe the current break-up is a first step in the right direction taken by the management to improve its corporate governance and operational transparency, which has been burdened with undue owner family influence and accounting fraud allegations. What's Interesting? The Edge View... Following the separation, each Spinoff will be governed by an independent board and executives unre...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung (KRX:004800) Cho Hyun Joon President has increased investments in China since his inauguration to set up a local production base in the country. A spandex plant is now under construction in Quzhou, China at a cost of 104 billion won. Hyosung is the current leader in the world spandex market with a share of 33 percent. Its unchallenged technological advantage was instrumental in staying ahead of any other competitor. Cho Hyun Joon President put a lot of work into establishing a pro...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung (KRX:004800) under the helm of Cho Hyun Joon President is expected to make it to the trillion won club of companies with operating profit of more than 1 trillion won for two years in a row. Hyosung joined the club last year for the first time in its 50-year history with an annual operating profit of 1.016 trillion won. It posted operating profit of 232.3 billion won in the first quarter of this year, marking a record high for the quarter. As of late last year, Hyosung held ...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung (KRX:004800) Cho Hyun Joon President steps forward to improve Hyosung’s corporate governance to enhance its trust from shareholders and the market. These efforts include: launching a Transparency Committee that reports only to the Board of Directors; and appointing an outside director to the Chairman of Outside Director Recommendation Committee. The key notes of the corporate governance improvement plan are stronger transparency, stronger independence in outside directors, and ...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung (KRX:004800) President Cho Hyun Joon is concentrating on discovery and development of new growth engines. A good example of promising growth engines is ‘xtrm Voice of Consumer’ which was debuted by Hyosung’s IT affiliate Hyosung ITX. It is an artificial intelligence solution that automatically converts voice conversation between call center counselors and customers into texts and analyzes and manages them. It illustrates Hyosung’s accelerated efforts to discover new growth engines that are...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung (KRX:004800) has invested about $1 billion in Nhon Trach Industrial Park in Dong Nai Province in Vietnam since 2007. It has enlarged the scale of a plant it constructed on the premise of Hyosung Vietnam. Main items produced at the plant include spandex used in blue jeans and others, and tire cords, a kind of tire reinforcement fabrics. Hyosung Cho Hyun Joon President has drawn up a strategy to maximize the capacity of the Vietnam plant which serves as a production base for ...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung (KRX:004800)’s operating profit surpassed 1 trillion won last year for the first time since its foundation 50 years ago. Cho Hyun Joon President’s ‘Technology Management’ became a cornerstone for the milestone performance. He is determined to keep its operating profit above 1 trillion won by securing business in such promising fields as carbon fiber, heavy industry and IT. ATM is one of the future income sources for Hyosung. Nautilus Hyosung supplies various financial autom...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung (KRX:004800) Cho Hyun Joon Chairman has given two directions of the group’s second takeoff after its annual earning profit exceeded 1 trillion won last year for the first time since its foundation. They are ‘ICT’ and ‘Localization’. It has increased added value of its products by grafting cutting-edge technology onto them, while creating new markets with customized local strategy. Fusion of existing manufacturing industry with state-of-the-art ICT Hyosung has graft...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung (KRX:004800)’s core value of shared growth can be summed up by a “we are in the same boat” spirit. Hyosung Cho Hyun Joon President has taken a policy to listen carefully to its contractors and lavish support on them in a whole range of fields including technology, systems, marketing and finance. It is because the competitiveness of contractors influences that of Hyosung. Cho Hyun Joon President said emphatically when he took office, “I will make Hyosung an attentive company...
SEOUL, South Korea--(BUSINESS WIRE)-- Despite a global economic crisis, Hyosung Group (KRX:004800) recorded an outstanding performance last year when it marked its 50th anniversary. It posted 11.9291 trillion won ($15.73 billion) in sales and 1.0163 trillion won in operating profit. For the first quarter of this year, it kept up the upswing with 2.8711 trillion won in sales and 232.3 billion won in operating profit. Its net profit for the first quarter increased 27 percent to 161.1 billion won from a year earlier (126.9 billion won). ...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung Group (KRX:004800) Chairman Cho Hyun-joon met China’s Quzhou City Communist Party Secretary Chen Xin after a 1-year hiatus. Cho has maintained a global network with influential figures abroad. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170901005230/en/ Hyosung Group Chairman Cho Hyun-joon (left) and Quzhou Party Secretary Chen Xin (Photo: Business Wire) Chen visited Cho in the group head office in Gongdeok-dong, Seoul...
SEOUL, South Korea--(BUSINESS WIRE)-- Emphasizing the importance of environment-friendly ideas in the era of the rapid Fourth Industrial Revolution, Hyosung Group Chairman Cho Hyun-joon said in his inaugural address as the group chairman in January that he would expand environment-related businesses actively. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170821005406/en/ Hyosung Group Chairman Cho Hyun-joon Emphasizes Importance of Environment-friendly Ideas in Fourth Industrial Re...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung Group (KRX:004800) reported its second-quarter sales last month when Chairman Cho Hyun-joon was appointed as chief executive. Its revenue increased 0.8 percent from the same quarter of last year. As Cho has pursued a strategy to accelerate growth since taking office as CEO, its annual operating profit is expected to top KRW 1 trillion for the second straight year. Hyosung is implementing a strategy to sustain an upswing of its business in the second half of this year by imp...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung Group (KRX:004800) reported its second-quarter 2017 results on July 20 when Chairman Cho Hyun-joon was appointed as chief executive. Its sales and operating profit for the first half of this year amounted to 5.9796 trillion won ($5.229 billion) and 452 billion won ($395 million), respectively. These results beat market forecasts. Industry watchers expect Hyosung’s 2017 operating profit to exceed 1 trillion won for the second straight year. Driven by strong s...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung Group (KRX:004800) Chairman Cho Hyun-joon took the CEO position on July 14, opening the era of a third-generation member of the founding family. Hyosung marks the 51st anniversary of its foundation this year. After taking office, Cho told mid-level managers to “feel free to contact me by email or by messenger any time regardless of report forms, if you have something to say.” This was a move to remove barriers to efficient communication. The first thing he did as c...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung ITX, an IT unit of Hyosung Group (KRX:004800), announced on July 11 that it recently concluded sales partnership with Huawei, China’s global networking equipment maker, to better serve the IT market. Both Hyosung ITX and Huawei expect to strengthen their technology cooperation further in various business areas. They have concentrated on R&D on cloud computing, big data and IoT in preparation for the Fourth Industrial Revolution. Hyosung Group Chairman Cho Hyun-joon...
SEOUL, South Korea--(BUSINESS WIRE)-- Hyosung Group (KRX:004800) Chairman Cho Hyun-joon said he would actively expand service business based on big data and artificial intelligence from this year. Chairman Cho Hyun-joon said at a meeting of employees at the Hyosung headquarters today, “Big data, called ‘the crude oil of the 21st century,’ is the core of the ICT market, so business based on big data is the most likely to grow.” “First at Hyosung ITX, we will start to do business by integrating big data a...
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