Two Directors at POSCO Holdings Inc bought/maiden bought 150 shares at between 308,000.000KRW and 376,750.000KRW. The significance rating of the trade was 68/100. 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 com...
The general evaluation of POSCO (KR), a company active in the Steel industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date December 17, 2021, the closing price was KRW 292,000.00 an...
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....
Commodities Bullishly Inflecting; Buy Energy, Materials A weight-of-the-evidence approach continues to support our constructive intermediate-term outlook. Below we highlight recent positive developments and areas of the market that are actionable at current levels. · Recent Positive Developments. Recent positive developments include the MSCI ACWI and EAFE (ACWI-US, EFA-US) breaking to new highs while the MSCI ACWI ex-US and EM (ACWX-US, EEM-US) indexes are holding above important suppo...
Posco’s second-quarter 2019 EBIT decreased by 14.6% year over year to KRW 1.07 trillion from KRW 1.25 trillion in the same period last year, largely within our expectations. This was despite a 1.5% year-over-year increase in revenue to KRW 16.3 trillion. The fall in EBIT is mainly because of a decline in profitability in its parent company (which is predominantly its steel business), its engineering and construction subsidiary Posco E&C, and its chemical business Posco Chemical. This is partly...
Posco’s second-quarter 2019 EBIT decreased by 14.6% year over year to KRW 1.07 trillion from KRW 1.25 trillion in the same period last year, largely within our expectations. This was despite a 1.5% year-over-year increase in revenue to KRW 16.3 trillion. The fall in EBIT is mainly because of a decline in profitability in its parent company (which is predominantly its steel business), its engineering and construction subsidiary Posco E&C, and its chemical business Posco Chemical. This is partly...
Posco’s second-quarter 2019 EBIT decreased by 14.6% year over year to KRW 1.07 trillion from KRW 1.25 trillion in the same period last year, largely within our expectations. This was despite a 1.5% year-over-year increase in revenue to KRW 16.3 trillion. The fall in EBIT is mainly because of a decline in profitability in its parent company (which is predominantly its steel business), its engineering and construction subsidiary Posco E&C, and its chemical business Posco Chemical. This is part.....
Posco’s first-quarter 2019 EBIT decreased by 19% year over year to KRW 1.20 trillion from KRW 1.49 trillion in the same period last year, within our expectations. This was despite a 1% year-over-year increase in revenue to KRW 16 trillion. The fall in EBIT is mainly due to a decline in profitability in its parent company (which is predominantly its steel business) and its Engineering and Construction subsidiary, Posco E&C. This is partly mitigated by a stronger contribution from its trading su...
Posco’s first-quarter 2019 EBIT decreased by 19% year over year to KRW 1.20 trillion from KRW 1.49 trillion in the same period last year, within our expectations. This was despite a 1% year-over-year increase in revenue to KRW 16 trillion. The fall in EBIT is mainly due to a decline in profitability in its parent company (which is predominantly its steel business) and its Engineering and Construction subsidiary, Posco E&C. This is partly mitigated by a stronger contribution from its trading su...
Posco’s first-quarter 2019 EBIT decreased by 19% year over year to KRW 1.20 trillion from KRW 1.49 trillion in the same period last year, within our expectations. This was despite a 1% year-over-year increase in revenue to KRW 16 trillion. The fall in EBIT is mainly due to a decline in profitability in its parent company (which is predominantly its steel business) and its Engineering and Construction subsidiary, Posco E&C. This is partly mitigated by a stronger contribution from its trading .....
Posco’s full-year 2018 EBIT increased by 20% year over year to KRW 5.54 trillion from KRW 4.62 trillion in 2017, within our expectations. However, net income decreased by 39% year over year to KRW 1.69 trillion from KRW 2.79 trillion in 2017 mainly due to one-off impairment charges of KRW 1.14 trillion, lower gains from selling of available-for-sale securities, and higher income tax charges. Excluding the one-off impairments, net income would have increased by 2% year over year. For fourth-qua...
Posco’s full-year 2018 EBIT increased by 20% year over year to KRW 5.54 trillion from KRW 4.62 trillion in 2017, within our expectations. However, net income decreased by 39% year over year to KRW 1.69 trillion from KRW 2.79 trillion in 2017 mainly due to one-off impairment charges of KRW 1.14 trillion, lower gains from selling of available-for-sale securities, and higher income tax charges. Excluding the one-off impairments, net income would have increased by 2% year over year. For fourth-qua...
Posco’s full-year 2018 EBIT increased by 20% year over year to KRW 5.54 trillion from KRW 4.62 trillion in 2017, within our expectations. However, net income decreased by 39% year over year to KRW 1.69 trillion from KRW 2.79 trillion in 2017 mainly due to one-off impairment charges of KRW 1.14 trillion, lower gains from selling of available-for-sale securities, and higher income tax charges. Excluding the one-off impairments, net income would have increased by 2% year over year. For fourth-qua...
Posco’s full-year 2018 EBIT increased by 20% year over year to KRW 5.54 trillion from KRW 4.62 trillion in 2017, within our expectations. However, net income decreased by 39% year over year to KRW 1.69 trillion from KRW 2.79 trillion in 2017 mainly due to one-off impairment charges of KRW 1.14 trillion, lower gains from selling of available-for-sale securities, and higher income tax charges. Excluding the one-off impairments, net income would have increased by 2% year over year. For fourth-qua...
We have lowered our fair value estimate for Posco to KRW 300,000 per share (from KRW 336,000) or USD 66 per ADR (from USD 75 per ADR) after factoring in our latest commodities price deck, where we increased raw material prices in the near term, and a higher capital expenditure assumption. We remain conservative on our capital expenditure forecast and are only modeling around half of the announced KRW 45 trillion capital expenditure plan over the next five years, as we acknowledge that there is s...
We have lowered our fair value estimate for Posco to KRW 300,000 per share (from KRW 336,000) or USD 66 per ADR (from USD 75 per ADR) after factoring in our latest commodities price deck, where we increased raw material prices in the near term, and a higher capital expenditure assumption. We remain conservative on our capital expenditure forecast and are only modeling around half of the announced KRW 45 trillion capital expenditure plan over the next five years, as we acknowledge that there is s...
We have lowered our fair value estimate for Posco to KRW 300,000 per share (from KRW 336,000) or USD 66 per ADR (from USD 75 per ADR) after factoring in our latest commodities price deck, where we increased raw material prices in the near term, and a higher capital expenditure assumption. We remain conservative on our capital expenditure forecast and are only modeling around half of the announced KRW 45 trillion capital expenditure plan over the next five years, as we acknowledge that there is s...
China's steel industry has long been affected by overcapacity issues. From 2016 to 2017, the Chinese government began to rationalize the steel industry by shutting down 115 million tonnes of steel production capacity. This is in addition to the shutdown of around 120 million-140 million tonnes of off-the-books induction furnace capacity, which produced substandard steel, or ditiaogang, from melting scrap. This tightened the steel market in China, leading to higher steel prices and profitability ...
China's steel industry has long been affected by overcapacity issues. From 2016 to 2017, the Chinese government began to rationalize the steel industry by shutting down 115 million tonnes of steel production capacity. This is in addition to the shutdown of around 120 million-140 million tonnes of off-the-books induction furnace capacity, which produced substandard steel, or ditiaogang, from melting scrap. This tightened the steel market in China, leading to higher steel prices and profitability ...
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