Mirae Asset Securities’ Korean stock recommendations (October 2023)
amazing asset securities (KRX: 006800 /KRX: 520003) It is Korea’s largest investment bank and stock brokerage firm by market capitalization. They consistently release free research materials and post them on their website. Korean stock recommendations.
Stocks to research for this month October This post includes (in the order covered, from most recent to the beginning of the month):
LG Chem, POSCO International, DGB Financial Group, Daewoong Pharmaceutical, Industrial Bank of Korea, Hana Financial Group, HL Mando, LIG Nex1, LG Household & Health Care, Kia, Hyundai Mobis, Shinhan Financial Group, Hyundai Auto Ever, OCI Holdings, Lotte Data Communication, SoCar, Hyundai Motor Company, Samsung Card, NH Investment & Securities, Samsung BioLogics, JB Financial Group, KB Financial Group, Koyoung Technology, KT, LG U+, People & Technology, F&F, Samsung Electronics, Hotel Shilla, Hyundai Glovis, Samsung SDS, Naver, SK Telecom, LX International
One thing I noticed about the Korean financial stocks covered in this post is as follows. They tend to have single-digit trailing or leading P/Es and high single-digit forward dividend yields.. To me, this seems worth taking a closer look at the sector and the individual stocks within it. Especially with the real estate turmoil in China (the financial sector will also have significant exposure).
Korean stocks are also known to have: Dividend-paying preferred stock or preferred stock We will be adding the following updates (for London-listed closed-end funds) to our weekly fund posts:
🗄️⚠️ Y Korea Opportunity Fund (LSE: WKOF)
The most recent monthly fact sheets (economic and portfolio) for this Korean preferred equity focused fund are available from the end of 2019. October.
Otherwise, investors should pay attention to recent news regarding the Korean stock market.
Korea reimposes short selling ban until June… ‘Fair playing field’ (Reuters) November 2023
South Korea’s government will reimpose a ban on short selling from Monday until at least June to create a “level playing field” for individual and institutional investors, financial authorities said on Sunday.
The ban on trading related to stocks of companies with large market capitalization included in the KOSPI 200 and KOSDAQ 150 stock indices was lifted in May 2021. Restrictions remained in place for most other stocks.
Korea bans short selling by 2024 (FT) November 2023 $
The Kospi stock index rose as much as 4% after regulators promised to investigate ‘blatant’ short-selling by institutional investors.
South Korean stocks surged on Monday morning after the Financial Supervisory Service imposed a blanket ban on short selling to appease individual investors ahead of next year’s general election.
And here is this piece from November 23rd:
Due to the ban on short selling, the decline in Korean stocks is being driven to the futures market. (Bloomberg) November 2023
Futures for some South Korean companies are trading at discounts of up to 6% to spot prices as investors try to hedge potential risks, according to exchange data. The move risks increasing market volatility, adding to difficulties for investors seeking steady returns following a crackdown on leveraged stock sales.
Finally, our September and August The post noted that the Korean IPO market is getting hotter, or at least more active, as Korean companies try to raise more capital in a high interest rate environment. In other words, Korea is a stock market worth watching more closely.
Going back to the Korean stock recommendations in this post: Mirae Asset Securities publishes Korean stock recommendation research in English. When I click on that item website, i received No pop-ups They ask me what type of investor I am or where I am located. But there is this disclaimer. End of each research report PDF file:
This post is no You should quote directly from the website or the research document itself (beyond just stating the title of the report – keep the disclosures above in mind).
However, the summary and more detailed study included in the PDF file no Include a good long-term technical chart, a description of what the company does or a link to the investor relations page of your stock pick, current quotes or latest statistics, etc. It’s everything I hate whenever it’s unavailable.
To make your life easier, this post includes:
A title containing the stock name.
IR page link and Yahoo! This is a brief explanation of stock prices. Jae Won.
Link to Wikipedia page (for what it’s worth…)
The title of the report is linked to a brief summary overview of the report. amazing asset securities Website.
The link is amazing asset securities research report PDF file About stock selection.
Forward or backward P/E and dividend yield linked back to Yahoo! This is a financial statistics page.
The latest long-term technical charts financial resources linked back to Yahoo!
And as always, this post Provided for informational purposes only (And again, to make your life easier…). This does not constitute investment advice and/or recommendations…
Keep in mind that Mirae Asset Securities will do this to some extent. We are conducting sales research. You will probably see no or very few sell recommendations from them (along with all the usual conflicts of interest that would arise from doing so). Just like you rarely see sell recommendations coming from Wall Street…
But their stock research comes with good stock financing and is in English. (Again, many Korean stocks do not yet have IR pages or financial reports in English.) a good starting point Information for anyone interested in investing directly in Korean stocks.
LG Chem (KRX: 051910) is the parent company of LG Energy Solution (KRX: 373220) – World’s No. 1 EV/ESS battery manufacturer outside of China and Tesla supplier (see: LG Chem (KRX:051910): Battery Stock to Own LG Energy Solution (And Might Be a Better Stock to Own)).
at Petrochemical businessLG Chem has established a vertical integration system that produces basic raw materials such as ethylene and propylene and downstream products such as PE, ABS, and synthetic rubber. The company has achieved world-leading productivity and cost competitiveness in this core business area.
LG Chem We develop the highest quality secondary battery materials.The automotive industry plays an important role in the IT industry, e-mobility and sustainability trends.
biologyWith outstanding R&D capabilities and the first new drug in Korea to obtain US FDA approval, is LG Chem’s new mid- to long-term growth engine. With the goal of becoming a global top pharmaceutical company, the company is aggressively entering overseas markets and expanding its new drug pipeline through continuous investment and strengthening R&D.
POSCO International Co., Ltd. (KRX: 047050) It’s Korean largest trading company and subsidiaries POSCO (NYSE: PKX). The company was founded as Daewoo Industrial Co., Ltd. in 1967 by Chairman Kim Woo-jung and engaged in trade and construction.
Based on over 80 global networks and marketing expertise
POSCO International has expanded its business in various fields, including energy, steel, agriculture, and parts and materials.
Through the merger with POSCO Energy in January 2023, the entire LNG value chain will be completed and the company will leap forward as a global eco-friendly energy company.
DGB Financial Group (KRX: 139130) has grown into Comprehensive financial group There are 10 subsidiaries, including DGB Daegu Bank, Hi Investment & Securities, DGB Life Insurance, DGB Capital, Hi Asset Management, DGB U-Pay, DGB Data System, DGB Credit Information, Hi Investment Partners, and New G Stock.
