[K-Biz Brief] Samsung Heavy preferred stock surged 1300%. 'ANTS' are twisted (June 18)

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▲ Samsung Heavy Industries = Preferred stock surged 1300% this month. Only 'ANTS' are twisted

Samsung Heavy Industries' preferred share price soared 1300% in full after hitting the upper limit for 10 consecutive days. The impact of large orders from liquefied natural gas (LNG) ships has been driven by individual investors and so-called ants. The short-term overheating tends to cause a sharp drop.

 

▲ Hyundai Motor Group = [Exclusive] To participate in India's Kadafa Steel Works project

Hyundai Motor Group showed interest in the steelworks construction project promoted by Andhra Pradesh, India. It is known that positive discussions between the Andhra Pradesh provincial government and Hyundai Motors were held. According to related industries on the 17th, Andhra Pradesh, India is discussing with Hyundai Motor Group, Tata Steel, Essar Steel, and other domestic and foreign companies to build a steel mill in Cardapa.

 

▲ Samsung Display = Full-scale Indian smartphone panel investment

Samsung Display discusses incentives with the Indian government and starts building a smartphone panel factory. It invested about 850 billion won and started operating the plant from 2021, creating synergy with the Samsung Electronics Noida plant. According to industry sources on the 17th, Samsung Display is negotiating an incentive to support the establishment of a smartphone panel factory with the Investment Authority of India.

 

▲ Hyundai motor = Change the Kona EV tire from Nexen to Michelin in Europe

Hyundai Motor Company is drawing attention by changing Kona Electric's new tire (OE) from Nexen Tire to Michelin in Europe. In particular, Hyundai Motor explained that Kona Electric has replaced tires to increase mileage, and Nexen Tire is somewhat disappointed.

 

▲ Hyundai Motor = 30,000 reservations for '2nd Generation Creta' in India

The second generation model of Hyundai Motor's Indian volume model'Creta' is predicting a hit. According to industry sources on the 17th, the number of reservations for Hyundai's new Crete exceeded 30,000. This is only a month since it broke through 20,000 cases early last month.

 

▲ Lotte Chemical = Signed 3 benzene supply contracts in Malaysia

Lotte Chemical's Malaysian subsidiary, Lotte Chemical Titan (LC Titan), has signed three benzene supply contracts to improve performance. According to industry sources on the 17th, LC Titan signed a benzene sales contract on the 4th of last month. The contract period is two from July to June next year, and one from July to December. The trading company was not disclosed and sold at a low price of US$20 (about KRW 24,000) per short ton (907kg) based on the FOB price.

 

▲ LG Electronics = Add Logistics Base in the US

LG Electronics has additionally built a logistics base in New Jersey, USA. Following the establishment of the new office building, the company will strengthen its logistics network and accelerate the North American market. According to the industry on the 17th, LG Electronics North America subsidiary leased a logistics base located in Bentgreen Oak, a real estate company on the 15th (local time) and Somergot, New Jersey. The area reaches 925,000㎡. It is located 50 minutes by car from the new office building of LG Group North America.

 

▲ Samsung Electronics = Will reject Huawei's 'maintaining semiconductor supply' request

It has been observed that Samsung Electronics is unlikely to conduct a foundry transaction with Huawei in China. It is an analysis that it is difficult to ignore the atmosphere in which the United States raises sanctions and allies join the'Huawei Overthrow'. It is expected that Huawei's isolation will intensify as cooperation with Samsung Electronics, a strong'saving pitcher' to replace TSMC in Taiwan, is uncertain.

 

▲ Singapore Changi Airport = Terminal 5 construction suspended

Construction of Singapore Changi International Terminal 5 has been suspended. In the aftermath of the new coronavirus (Corona19), the passenger demand was greatly reduced, and the plan was completely revised. It is inevitable that Changi Airport's plan to dream of a global hub airport would be disrupted. According to industry sources on the 17th, the Singapore government has decided to hold Changi Airport Terminal 5 for at least two years. "We are conducting research into how the aviation industry will change after Corona 19," said Singapore Minister of Transportation, Khaw Boon Wan. "We will review the terminal design to reflect new demands on safety."

 

▲ Lotte Confectionery = Subsidiary factory in Kazakhstan shutdown by confirming Covid-19

Lahat, a subsidiary of Lotte Confectionery Kazakhstan, has temporarily closed the plant due to the occurrence of corona19. The majority are asymptomatic, so there is concern about the occurrence of additional diagnoses. According to industry sources on the 17th, Rahat will shut down its Almaty plant by the 23rd. From the 30th to the 4th of last month, 10 cases of corona19 infection were registered.

 

▲ POSCO = China STS cold rolling mill maintenance is suspended for one week

Posco's stainless steel cold rolling mill in Qingdao Pohang Steelworks begins maintenance. Although it is a regular repair schedule, production disruption is a concern during maintenance. According to industry sources on the 17th, POSCO will begin maintenance of a cold rolling mill in Qingdao, China at the end of this month.

 

▲ Orion = Expansion of beverage business

Orion is expanding its beverage business by launching a beverage line following bottled water. Orion announced on the 17th that it is launching'Dr. You Drink', which can be easily supplemented with protein by simply drinking. The premium mineral water Orion Jeju Lava water, which was introduced in December last year, has entered the global markets in China and Vietnam, and is expanding its business scope to beverages by introducing Dr. Drink. It plans to leap into a comprehensive food company through categories.










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