A director at LG Chemical maiden bought 119 shares at 250,000.000KRW and the significance rating of the trade was 52/100. 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...
The transition to electrification remains the key focus for the auto industry, with EV sales performances by market and automaker being closely watched by investors. In 2022, China solidified its position as the global EV stronghold, a success that is encouraging its automakers to expand globally. Despite supply disruptions and concerns over falling subsidies and rising prices, the outlook for the EV market remains positive. In this in-depth report, analyst Julie Boote reviews major developments...
LG Energy Solution (LGES) raised US$10.8bn in its South Korea IPO, after pricing at the top-end of the IPO price range. The stock was listed on 27th Jan 22. Its six-month lockup is set to expire soon. LGES is the EV battery unit of LG Chem. The company is a major supplier to customers including Tesla and General Motors. In this note, we will talk about the lock-up dynamics and updates since our last note. Our previous notes on the IPO and lock-up: LG Energy Pre-IPO - First Look - Index Incl...
CALB aims to raise around US$1.5bn in its Hong Kong IPO. CALB undertakes design, R&D, production and sales of EV batteries and Energy Storage Systems (ESS) products. CALB undertakes design, R&D, production and sales of EV batteries and Energy Storage Systems (ESS) products in China. According to Frost & Sullivan (F&S), in terms of installed capacity in 2021, it was ranked second in China among third-party EV battery companies and ranked seventh globally among EV battery companies. As of Dec 21...
LG Energy Solution (LGES) raised US$10.8bn in its South Korea IPO, after pricing at the top-end of the IPO price range. The stock was listed on 27th Jan 22. Its three-month lockup is set to expire soon. LGES is the EV battery unit of LG Chem. The company is a major supplier to customers including Tesla and General Motors. In this note, we will talk about the lock-up dynamics and updates since our last note. Our previous notes on the IPO: LG Energy Pre-IPO - First Look - Index Inclusion LG E...
2021 marked our sixth year covering Equity Capital Markets (ECM) in Asia Pacific. Most markets were in top gear on the ECM front and we ended the year covering the highest number of IPOs and the second highest number of placements since inception. We ended 2021 with an accuracy rate of 72.4% across 127 IPOs that we covered and 73.1% across 141 placements. Our placements hit rate improved, while our IPO hit rate was flat YoY. For those not familiar with our coverage, we aim to cover all IPOs...
In this note, we will take a look at the Asia Pacific IPO pipeline for 2022. This list has been compiled on a best effort basis from tracking the company filings and through various other sources. For readers who are not familiar with our coverage, we aim to cover all IPOs and placements with a minimum deal size of US$100m across Asia-Pacific (ex A-shares), including China ADRs. Hence, our pipeline will only include companies that fit these criteria. The deals you see in this note are only a p...
Over the last two years, global EV sales have accelerated, moving from niche market to mass market. Concerned about rising CO2 levels, national governments are supporting the electrification of private transport, and consumers are increasingly willing to ‘go electric’. Established automakers have drawn up EV and battery strategies, trying to remain key players in this new EV world. In this report, analyst Julie Boote outlines the different paths dedicated EV players and traditional OEMS are tak...
The independent financial analyst theScreener just lowered the general evaluation of LG CHEM (KR), active in the Commodity Chemicals industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date December 3, 2021, the closing price was KRW 717,000...
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....
Summary Marketline's Hanwha Chemical Corp Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Hanwha Chemical Corp since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the org...
Broadly speaking, RS for MSCI EM is currently exhibiting some mild deterioration vs. MSCI EAFE following four months of clear outperformance. Nonetheless, the MSCI EM index is bottoming and remains attractive from a price perspective. We believe this recent RS weakness could very well be part of a longer-term RS bottoming process - especially if the U.S. dollar (DXY) is unable to break above 98. Below we highlight attractive and actionable themes within EM: • EM Countries: China has assumed a...
Japan Market Comment by Pelham Smithers, Julie Boote and Joel Scheiman Nikkei ¥21,724.47 (-¥343.77 / -1.56%); Topix ¥1,740.20 (-¥28.04 / -1.59%); ¥/$106.84 Tags: Takeuchi Mfg (6432 JP), Daifuku (6383 JP), Daikin (6367 JP), Start Today (3092 JP), iStyle (3660 JP), Spotify (pvt.), Sony (6758), Apple (AAPL US), Google (GOOGL US), ABC, CBS (CBS US), Fox (FOX US), NBC, Bosch, GS Yuasa (6674 JP), Mitsubishi Corp. (8058 JP), SEEO, Mitsubishi Motors (7211 JP), Nissan (7201 JP), Panasonic (6752 JP),...
Overweight, with S-Oil/LG Chem as top picks and Hanwha Chem/Kumho Petro as stocks of interest Maintain Overweight on the refining/chemical sector in 2018. Our top picks are S-Oil (010950.KS, BUY) and LG Chem (003490.KS, BUY) and we also like Hanwha Chemical (009830.KS, BUY) and Kumho Petrochemical (011780.KS, BUY) as stocks of interest. We expect the refining sector to be in goldilocks conditions over the next two to three years as demand strengthens on the recovering economy and regulatory...
- We expect 3Q17 results to be in line with consensus. - Despite narrowing profits from Farm Hannong and the life science division, 3Q earnings likely held up well thanks to the widening margins of basic materials and batteries. - The battery margin is expected to improve further, driven by strong seasonality for ESS, an ASP hike of small batteries, and growing sales of EV batteries. We expect the EV battery business to turn to the black in 2H18. - LG Chem remains our chemical sector top p...
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