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POSCO Holdings Inc. (PKX)

NYSE - NYSE Delayed Price. Currency in USD
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36.61-1.39 (-3.66%)
At close: 04:00PM EDT
36.87 +0.26 (+0.71%)
After hours: 05:39PM EDT
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  • G
    Géza
    To 2030 it will be the third bigest lithium ion producer POSCO
  • S
    Stephen
    Am I missing something? Great earnings, great investments, a friggin P/E less than 3! ... and the stock is falling.
  • N
    Nextstop22
    Trading at 1/6 of 10 year mean of intrinsic value . Debt to ebitda and dividend pay out % is low. Waiting for it to dip below 40 in coming days to buy
    Bullish
  • h
    hotN
    Q2 div is W4000 . Thus in US share W1000. so far W2000 this yrs. buying back 250M + shares.
  • T
    The Joker
    Not too many hedge funds hold this one but I like the fact that Francis Chou is one of them.
  • G
    Géza
    POSCO invests in lithium as well 😊
  • P
    Prem
    My broker shows ADR dividend payment date to be Sep 9
  • R
    Rodd
    Earnings were decent. China slowing down. Dead money for awhile but good deep value stock. You'll be rewarded handsomely years from now. Just an observer at this point.
  • E
    Eddie
    pkx and general motors together
    Bullish
  • P
    Prem
    This stock has been a real puzzle to me; they are one of the strongest operators in the iron and steel space, demand is robust, pricing and margins are decent, China is trying to control it's output to contain CO2 emissions; they have long term contracts for high quality iron ore and nickel ( in many cases, with strategic ownership in mining JVs)

    The made $17 per ADR last year, paid 22% of their earnings in dividends, which still amounted to a 6.7% dividend yield, continue to reinvest into some great growth businesses like lithium, nickel, graphite, etc, bought an Australian natural gas producer for a decent price (before all hell broke loose in the nat gas markets due to the war in Ukraine), have a solid balance sheet with very little net debt, and yet, this company is being valued by the market at 4x forward P/E and 2.3x EV/EBITDA?

    What gives?
  • P
    Prem
    Why doesn't YF pick up the Q2 earnings press release? or update the dividend announcements?
  • D
    Ditka
    GM plans $393 million EV battery materials plant in Quebec [Automotive News]

    "General Motors plans to build a $393- million cathode active material plant in Bécancour, Que., adding Canada to its growing North American electric vehicle supply chain that will reduce reliance on battery materials imported from Asia."

    plans to build a $393-million cathode active material (CAM) plantTheautomaker“GM and our supplier partners are creating a new, more secure and more sustainable ecosystem for EVs, built on a foundation of North American resources, technology and manufacturing expertise,” said Doug Parks, GM’s executive vice-president of global product development, purchasing and supply chain.Parks said Canada will play an “important role” in the company’s effort to develop a battery supply chain in North America, with the project receiving strong backing from the local, provincial and federal governments.Producing CAM is one of the key steps in readying nickel, lithium and other key materials for use in EV batteries. The ingredients that make up CAM represent approximately 40 per cent of the cost of a battery cell, according to GM.Posco Chemical, a subsidiary of steelmaker POSCO, will lead the project as majority owner in the joint venture. Planning has been underway for months. GM announced it wasworking to finalize the joint ventureThe CAM plant will return GM to Quebec after a 20-year absence. Its Sainte-Thérèse Assembly, which built the Camaro and Pontiac Firebird muscle cars in the Montreal suburbs closed in 2002.GM Canada President Scott Bell said it was exciting to see Canada and Quebec take on a “key role” in the company’s emerging battery ecosystem.“With this new processing facility in Bécancour, GM will help lead the EV battery supply chain while also launching Canada’s first full EV manufacturing plant in Ingersoll, Ont., later this year.”Governments in Quebec and Ontario, as well as the federal government in Ottawa, have been actively courting battery processing and battery mineral mining investments as the shift to EVs accelerates.GM’s announcement follows a similar plan from chemical giant BASF for aCAM plant disclosed on FridayThe automaker said it chose Quebec because of its low-cost, hydro-powered electricity grid, predictable environmental standards and logistical links, such as a nearby deep-water port. Access to Canadian battery mineral capacity also played a role, said David Paterson, GM Canada’s vice-president for corporate and environmental affairs.Paterson would not share the plant’s planned capacity or square-footage, but said all of its production will be used to supply GM’s four Ultium battery cell plants, which will all be located in the United States. The cells will power the automaker’s next-generation EVs, such as its Silverado EV, Hummer EV and Lyric.Construction on the new plant in Bécancour — located on the south side of the St. Lawrence River, directly across from Trois-Rivières — will begin immediately. GM said the plant is expected to employ 200 on a footprint that will also allow for future expansion.The CAM plant is scheduled to begin production in the first quarter of 2025.
    Bullish
  • D
    Don
    What is the frequency of dividend payments here?
  • E
    Eric
    I bought this today because Russia produced 90% of the neon gas. Only other company able to produce it is PKX. If you don't know what neon gas is used for, look it up. It is more valuable than steel, much more, and PKX will produce 16% of the world supply.
  • T
    The Legendary Dark Knight Sparda
    This is making an awesome comeback today! I'm glad I bought some PKX... still believe it's a long term hold as they're the biggest steel manufacturers in SK, only real challenge it might really face is competition from China as their steel is in very high demand globally.. I however believe that their growth will be slow and steady with the high dividends and hilariously low valuations that might attract some new investors... Just my take good luck to all PKX and 005490.KS holders
  • N
    Navid
    One of the best balance sheets in the materials sector. Should do well with a recovering korean won.
  • N
    Neo-Fascist Cheeto
    New 52 week high today on the back of very strong earnings (about as expected). It looks like the next level of real resistance is $93.12, which it hit in January of 2018. In 2018, annual EPS was $4.69. Estimated annual EPS for 2021 and 2020 is $8.22 and $8.35 respectively. With these kind of expected number and the VERY strong group (Steel) PKX is in, it looks like taking out $93.12 should certainly be doable but as with any trade, the tale of the tape will dictate it's price action.
  • N
    Neo-Fascist Cheeto
    Another gap opening today (3rd in a row) and volume is VERY heavy. So far, so good!
    Bullish
  • T
    Trevor
    Posco to buy 15% stake in Australia's Black Rock Mining.

    Posco, the world's fifth-largest steelmaker by output, said Thursday it has agreed to buy a 15 percent stake in Black Rock Mining for $7.5 million.
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