|Bid||43.60 x 31600|
|Ask||43.80 x 31200|
|Day's Range||43.60 - 43.60|
|52 Week Range||36.80 - 55.00|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||5.05|
|Forward Dividend & Yield||1.48 (3.45%)|
|1y Target Est||N/A|
“Things are not so good,” said Jeong Tae-ki, the plant manager at steelmaker Posco’s factory in Pohang, eastern South Korea. In the 18 months since US president Donald Trump launched a trade war, international commerce volumes have suffered — hitting export-dependent economies like South Korea. In October, South Korea exports fell 14.7 per cent compared with the same month the previous year, the largest drop in nearly four years and 11th consecutive monthly contraction.
Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]
In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles. Chile had lured the companies with an enticing offer. In exchange for helping the South American country, the world's No. 2 miner of lithium, jumpstart its own EV battery industry, the firms would get a guaranteed supply of the coveted metal at attractive prices for nearly three decades amid a global race to lock down supplies.
SANTIAGO/SEOUL, June 21(Reuters) - South Korea's POSCO has pulled out of a project to build battery parts in Chile, the Asian steelmaker said, little more than a year after winning guaranteed access to cheap lithium from top producer Albemarle. POSCO, together with partner Samsung SDI, won a 2018 Chilean government tender to build a battery-parts factory in the country's northern desert in exchange for a 27-year supply of low-cost lithium. The problem, POSCO told Reuters, is that the project it proposed requires lithium hydroxide, a type of the metal increasingly favored by makers of batteries for electric vehicles (EV) but one not produced by Albemarle in Chile.
The present, chairman and CEO of Fairfax Financial Holdings, Prem Watsa (Trades, Portfolio) sold shares of the following stocks during the first quarter. Warning! GuruFocus has detected 2 Warning Sign with BKNG. The steel producer has a market cap of $15.41 billion and an enterprise value of $27.94 billion.
South Korean steelmaker POSCO on Wednesday said its first-quarter operating profit slid 19 percent from a year earlier amid higher costs for raw materials, matching analyst forecasts. POSCO said it expected higher costs for materials and slowing demand for steel to crimp profitability this year, even as steel prices are expected to inch up. The world's fifth-biggest steelmaker said in a statement that it posted a consolidated operating profit of 1.2 trillion won ($1.05 billion) in the first quarter, compared with 1.49 trillion won a year earlier.
Investment company Edgbaston Investment Partners LLP buys POSCO during the 3-months ended 2019Q1, according to the most recent filings of the investment company, Edgbaston Investment Partners LLP.
Few sectors are as economically sensitive as the steel industry, and even top steel producers are not immune. Steel production is now just an incidental player on a world stage that is dominated by China, the largest producer and importer of the metal. Warning! GuruFocus has detected 1 Warning Sign with MT.
SEOUL (Reuters) - South Korean steelmaker POSCO's fourth-quarter operating profit rose 10 percent on increased sales and higher profit margins, according to Reuters' calculations, meeting analysts' forecasts. ...
South Korean plaintiffs in a World War Two forced labour court case against Japan's Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, their lawyers said on Wednesday. The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan over the issue. Japan denounced a South Korean Supreme Court ruling in October that Nippon Steel should pay 100 million won (70,924.76 pounds) to each of four South Koreans to compensate them for suffering forced labour during the war.