49.81 -0.06 (-0.12%)
After hours: 4:11PM EDT
|Bid||49.93 x 800|
|Ask||49.95 x 800|
|Day's Range||49.34 - 49.97|
|52 Week Range||46.89 - 81.69|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||5.78|
|Forward Dividend & Yield||1.77 (3.55%)|
|1y Target Est||55.00|
NEW YORK, June 11, 2019 /PRNewswire/ -- The Gale Investments Co., LLC (Gale), a U.S. family-owned real estate development company, today announced that it has submitted a notification of intent to arbitrate a $2+ billion dispute with the Republic of Korea (Korea) at the World Bank's International Centre for Settlement of Investment Disputes (ICSID) as a result of contested actions by Korea relating to the development of the $35 billion Songdo International Business District (Songdo). In 2001, Korea invited Gale and it's best-in-class partners to spearhead the development of Songdo, a brand-new city and gateway to Northeast Asia, which has become an international model for smart-connected cities and city-scale sustainable development.
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.
SEOUL, South Korea , April 30, 2019 /PRNewswire/ -- On April 30 , 2019, POSCO (NYSE: PKX) filed its Annual Report on Form 20-F for the year ended December 31 , 2018 with the U.S. Securities and Exchange ...
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.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of POSCO and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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NEW YORK, Feb. 25, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
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. ...
Japan on Wednesday demanded talks with South Korea over a Korean court compensation award against a Japanese company for using forced labourers during World War Two, saying all such claims were settled decades ago. Ties between the Asian neighbours have been frosty since the court ruled in October that Nippon Steel & Sumitomo Metal Corp should pay 100 million won (£70,074) to each of four South Korean plaintiffs. The court on Tuesday approved a request by the plaintiffs to seize assets held by Nippon Steel in South Korea.
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.
POSCO's (PKX) performance will likely be affected by volatile exchange rate, despite focus on mergers and business expansion, strong demand and improvement in steel export.
The Zacks Analyst Blog Highlights: Schnitzer, United States Steel, Nucor, Steel Dynamics and POSCO
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Moody's Investors Service says that its outlook for the steel industry in Asia in 2019 is stable, based on Moody's assessment of broadly steady profitability for rated steelmakers over the next 12 months. "In 2019, demand for steel in Asia will likely stay at levels similar to that in 2018, indicating a softening from the robust growth seen in 2018," says Kaustubh Chaubal, a Moody's Vice President and Senior Credit Officer. The strong profitability is underpinned by robust demand in South and Southeast Asia, as well as China's capacity cuts and strict environment protection measures.
A slowdown in steel demand in China, the world's top consumer, amid a cooling Chinese economy is a major concern for the steel industry.
POSCO (PKX) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.