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News
Seoul Apartment Land Transaction Permit Applications Fall for Fourth Straight Month to Lowest Since October Designation — BigGo Finance
54+ min ago (616+ words) New land transaction permit applications for Seoul apartments totaled 3,012 in August, the lowest level since the entire city was designated a permit zone last October. Applications have now declined for four consecutive months after peaking at 8,896 in April. The Seoul…...
Hana Securities Raises GS Engineering & Construction Target to ₩40,000 on Donghae AI Data Center Order Hopes — BigGo Finance
50+ min ago (371+ words) Hana Securities raised its target price for GS Engineering & Construction from ₩36,000 to ₩40,000 (approximately $30) while maintaining a buy rating, citing expectations for a fourth-quarter order on the Donghae AI data center project. GS E&C plans to build a total 2.4GW data…...
Meritz Securities: "LS Marine Solution to Surpass 140 Billion Won Operating Profit by 2030... Target Price 40,000 Won" — BigGo Finance
1+ hour, 26+ min ago (411+ words) Meritz Securities maintained its Buy rating and 40,000 won (approximately $30) target price on LS Marine Solution, projecting annual operating profit to exceed 140 billion won (approximately $104.2 million) by 2030. The brokerage's analysis indicates submarine cable demand will roughly triple by 2030, while European interconnector…...
Samsung Electronics, SK Hynix Tumble in Premarket on Middle East Turmoil, CPI Aftershock — BigGo Finance
1+ hour, 42+ min ago (236+ words) Samsung Electronics and SK Hynix plunged in tandem during premarket trading on September 14. Selling pressure centered on semiconductor stocks as rate-hike concerns reignited following the release of U.S. August Consumer Price Index (CPI) data, compounded by escalating geopolitical tensions in the…...
Hana Securities Lifts KB Financial Target to ₩235,000, Sees Record Q3 Profit for South Korean Banking Giant — BigGo Finance
2+ hour, 16+ min ago (326+ words) Hana Securities projected that South Korea's KB Financial Group will post third-quarter net profit of ₩2.06 trillion (approximately $1.5 billion), far exceeding market expectations and setting a new quarterly record. The brokerage raised its target price from ₩220,000 to ₩235,000 (approximately $170). Group net interest…...
Crude Oil Futures Surge More Than $3 on Fresh Attacks in Saudi Arabia and Strait of Hormuz — BigGo Finance
2+ hour, 20+ min ago (237+ words) Crude oil futures surged more than $3 in early Asian trading on Monday, Sept. 14, with both Brent and U.S. WTI benchmarks spiking sharply after fresh attacks on Saudi Arabia and vessels near the Strait of Hormuz on Sunday, Sept. 13. As of 10:14 p.m. GMT…...
Fed Rate Hike Imminent, Wall Street Says AI Earnings Momentum Could Sustain the Bull Market — BigGo Finance
2+ hour, 51+ min ago (374+ words) LPL Financial echoes a similar view in its report, drawing parallels between the current environment and 1997, when the S&P 500 continued to rally strongly despite Fed rate hikes because investors remained optimistic about the development of the internet. Kevin Gordon,…...
South Korea's Corporate Tax Revenue to Hit Record ₩216.7 Trillion Next Year, Surpassing Income Tax for First Time in 15 Years — BigGo Finance
3+ hour, 42+ min ago (274+ words) The sharp increase is driven by expectations that operating profits at semiconductor companies—led by Samsung Electronics and SK Hynix—will rise substantially. With the semiconductor upcycle continuing, corporate earnings are projected to improve dramatically, resulting in corporate tax payments…...
South Korea's Genencell Theme Stock Investors Cashed Out One Day After Clinical Trial Approval — BigGo Finance
3+ hour, 55+ min ago (632+ words) As allegations mount that Kim Seung-won, nominee for South Korea's Justice Minister, lobbied for Genencell's COVID-19 treatment clinical trial, evidence has emerged that capital market players who profited handsomely from Genencell-related stock investments in 2020 repeated the same pattern in 2021. Yoo…...
Italy's Government Working on €100 Fuel Bonus for Workers — BigGo Finance
8+ hour, 23+ min ago (337+ words) The Italian government is fine-tuning a targeted measure to counter rising fuel costs, following the end of blanket excise duty discounts. At the center of discussions is a proposed one-off €100 fuel voucher for workers, covering both salaried employees and self-employed…...