2023-04-25 08:34:41
Rising theme of rare metals (rare earth, etc.), such as the possibility of using Tesla and ferrite
Hyundai Motor Company’s quarterly record high performance, etc., leading automobile stocks rise
The theme of video content and movies rises following news of Netflix’s mention of investing in K-content of $2.5 billion
[인포스탁데일리=박상철 기자]
◇ Rising theme of rare metals (rare earth, etc.), such as the possibility of using Tesla and ferrite
It has been reported that Tesla is likely to use ferrite instead of rare earth in its next-generation electric vehicles. In this regard, Tesla used some rare earth elements such as neodymium and praseodymium when manufacturing electric vehicle motors, but it is highly likely that ferrite will be used instead of rare earth elements when manufacturing electric vehicle motors in the future.
Meanwhile, with the value of rare earths increasing day by day due to the rapid increase in demand for electric vehicles, it is reported that China is pushing for an amendment to control the export of permanent magnet manufacturing technology, such as neodymium and samarium cobalt, which are rare earth elements.
With this news, rare metal (rare earth, etc.) themes such as Samhwa Electronics, EG, Union, and Union Materials rose.
◇ Hyundai Motor Company’s quarterly record performance, etc. Automobile representative stocks rise
Hyundai Motor Company announced its first quarter 2023 results. In addition, it announced a mid- to long-term shareholder return policy to maximize shareholder value by providing a transparent shareholder return policy. As for the dividend policy, it was decided to achieve a dividend payout ratio of 25% or higher and implement quarterly dividends in order to expand dividend visibility and secure stability. In addition, it decided to retire treasury stock, which is the retirement of treasury stock held by 1% of the number of issued stocks over the next three years.
In addition, SK On Co., Ltd., a subsidiary of Hyundai Motor Group and SK Innovation, announced plans to establish a battery production joint venture to supply electric vehicle batteries in North America. The total investment is 6.2 trillion won (planned), with Hyundai Motor Group investing 1.62 trillion won (planned) and SK On investing 1.95 trillion won (planned). 50% of the total investment will be financed by borrowing from the joint venture.
On this news, representative automobile stocks such as Hyundai Motor Company, Hyundai Mobis, Kia, and Hyundai Wia rose today.
Consolidated sales KRW 37.77 trillion (+24.68% year-on-year), operating profit KRW 3.59 trillion (+86.25% year-on-year), net profit KRW 3.41 trillion (+92.38% year-on-year).
◇ Themes of defense industry, war and terrorism, nuclear power generation, and power facilities rise due to expectations of benefits from the Korea-US summit
With the Korea-US summit scheduled to take place on the 26th, there is a prospect that defense and nuclear power stocks can benefit. Hanwha Investment & Securities analyzed in a recent report that major domestic defense companies generally outperformed the market, and that this appears to be partly reflected in expectations for better performance through additional exports amid continuing geopolitical tensions prior to President Yoon Seok-yeol’s visit to the United States. Expectations for resolving intellectual property (IP) disputes between Westinghouse, a nuclear power company, and Korea Hydro & Nuclear Power are growing due to the trickling effect of the nuclear power plant-led summit.
Through the report, Eugene Investment & Securities predicted that the utility industry will be able to increase its performance even without a rate hike as high energy prices (costs) caused by the Russia-Ukraine war will stabilize downward from the second half of the year. Starting with transmission and distribution, it will lead to the opening of the electricity sales market, leading to the entry of private companies into regulated businesses and the normalization of the system.
In addition, it is analyzed that the growth potential of the utility industry can be enhanced as exports of nuclear power plants to overseas countries, especially in the Czech Republic, Finland, the United Kingdom, and Poland, will continue, and the investment attractiveness of the domestic utility industry will be highlighted through the trio of performance turnaround, expansion of overseas exports, and deregulation. did.
In response to this news, the themes of defense industry, war and terrorism, nuclear power generation, and power facilities, such as STX, Hyundai Rotem, Hanwha Aerospace, Hyosung Heavy Industries, KEPCO Technology, Hyundai Electric, and Jeryong Electric, rose. Expectations for entering the nickel ore business in Indonesia also served as a positive factor for STX.
◇ The news of Netflix’s investment of 2.5 billion dollars in K-content raised the theme of video content and movies
President Yoon Seok-yeol met Netflix co-CEO Ted Sarandos on the first official schedule of his state visit to the United States the previous day (local time). At the meeting, CEO Sarandos announced that he would invest 2.5 billion dollars in K-content such as Korean dramas, movies, and reality shows over the next four years.
In a joint press release, President Yoon said, “I had a very meaningful time meeting with the CEO of Sarandos and Netflix CEOs.” stated,” he said. CEO Sarandos also said, “We decided to invest 2.5 billion dollars in Korea,” adding, “We will help create Korean dramas, movies, and reality shows over the next four years.” The $2.5 billion amount is twice the amount Netflix invested in Korea from 2016 to last year.
In this news, video content and movie themes such as Showbox, Studio Santa Claus, Fan Entertainment, Content Tree JoongAng, and Studio Mir rose.
Reporter Park Sang-cheol [email protected]
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