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South Korean steel producer Posco ( PKX -4.7% ) says it plans to more than double its capital spending over the next five years to 45T won ($40.4B) to fund expansion of its core steel-producing operations, as well as growth initiatives such as lithium mining and natural gas production we...
Investment highlights We adjust up our parent operating profit forecast for 3Q18 by 15%, from KRW925bn to KRW1.06tn, to reflect recent price increases. After the revision, our operating profit estimate is now 12% higher than the consensus of KRW943bn. Our key investment points are POSCO's...
Major issues and conclusions We recommend overweighting steel given Chinese production cuts in winter and re-stocking demand around the Lunar New Year holiday. Chinese steel production did not fall in the previous winter season as a whole because of robust demand and earnings; however, the...
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A look at the top 10 most actives in the United States Sangamo Therapeutics Inc. (SGMO) rose 50.7% to $0.604699 on volume of 90,844,210 shares Selina Hospitality PLC (SLNA) rose 7.7% to $0.028 on volume of 57,431,570 shares NuZee Inc. (NUZE) rose 260.1% to $3.7094 on volume of 53,639,595 ...
A look at the top 10 most actives in the United States SunPower Corporation (SPWR) rose 31.3% to $0.9396 on volume of 186,118,381 shares Selina Hospitality PLC (SLNA) fell 29.7% to $0.026 on volume of 168,426,091 shares NVIDIA Corporation (NVDA) fell 0.8% to $122.59 on volume of 168,211,0...
A look at the top 10 most actives in the United States Agape ATP Corporation (ATPC) rose 112.1% to $0.3033 on volume of 62,336,784 shares Warrantee Inc. (WRNT) rose 27.8% to $0.372 on volume of 55,635,565 shares Adial Pharmaceuticals Inc (ADIL) rose 110.3% to $2.2295 on volume of 54,549,4...