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Yesterday’s rally justified; stocks finding bottom Primary metal shares rallied 2.66% yesterday, outperforming the KOSPI by 1.64%p. Major Asian steelmakers fared especially well: POSCO ( PKX ) advanced 3.63%, Hyundai Steel ( HYNSY ) climbed 3.69% and Donkuk Steel (001230.KS, BUY) rose...
Steel: Neutral; top picks POSCO ( PKX ), Hyundai Steel, Korea Zinc We do not expect investor sentiment to improve dramatically as global demand remains in the low-growth phase and steel prices are expected to decline due to raw material price weakness. However, we believe the supply-dema...
This article is focused on POSCO ( PKX ) based on its PCT patent activity combined with a technical analysis. PCT (Patent Cooperation Treaty) patent applications are administered by the World Intellectual Property Office (WIPO). Note: Please see my previous articles in order to understand th...
Data from Value Line, Calculations by me Remember when I used to do posts like these? The last full time was May 2014 . I lost access to the data, and eventually I gave up. Recently, I got access to the data back, and I rebuilt the model. I'll do a post like this every now and then. M...
An ever-present challenge for commodity company management teams is that there’s only just so much they can control – ultimately end-market demand and pricing, not to mention substantial percentages of their input cost, are beyond the influence. I believe that’s relevant i...
Like most carbon steel manufacturers, I believe there's a good chance that POSCO's ( PKX ) EBITDA/tonne will bottom in the near future, quite possibly in the third or fourth quarter of 2019, but I also see relatively limited prospects for a sharp near-term turnaround. While key inputs like coa...
Investment highlights Our Overweight rating on the steel sector remains unchanged. We reiterate Buy on POSCO ( PKX ) and keep the company as our steel sector top pick. Our investment points include the rebound of China’s steel prices on strong seasonality, iron ore prices that have be...
Iron ore spot and Chinese dealer steel prices correcting, but further downside limited While expectations for large-scale steel price hikes are dissipating, we maintain Overweight on the sector as steel shares are trading at the lowest end of the historical P/B, and 3Q19 earnings results sho...
China’s largest electric vehicle (EV) battery maker is set to buy an 8.5 percent stake in Australian lithium miner Pilbara Minerals (ASX: PLS ,OTC Pink:PILBF) for AU$55 million. Under the deal, Contemporary Amperex Technology (CATL) (SZSE: 300750 ) will buy 183.3 million s...
Despite receiving many proposals and significant interest, Australian lithium miner Pilbara Minerals (ASX: PLS ,OTC Pink:PILBF) has decided to close the partnering process for its Pilgangoora lithium- tantalum project in Western Australia. The Perth-based company said the offers received fo...
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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...