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Morgan Stanley forecasts that the Bank of Korea will implement three additional interest rate cuts this year, bringing the base rate down to 2%. Following a recent reduction from 3% to 2.75%, the bank's Monetary Policy Committee acknowledged increasing downward growth pressures, prompting this continued easing. Morgan Stanley projects South Korea's economic growth at 1.2%, below the Bank of Korea's estimate of 1.5%.
Morgan Stanley forecasts that the Bank of Korea will implement three additional interest rate cuts this year, bringing the benchmark rate down to 2.00%. This prediction follows a more pessimistic economic growth outlook of 1.2% compared to the Bank of Korea's 1.5%. The Monetary Policy Committee acknowledged increased downward pressure on growth, influenced by a weakened labor market and high household debt, while also addressing inflation and foreign exchange volatility concerns.
UBS has initiated coverage of HD Hyundai Electric with a Buy rating and a target price of KRW460,000, citing the company's strong position in the high voltage power transformer market. Analysts believe HD Hyundai Electric's focus on this sector will drive significant profit growth, especially as supply constraints persist. Currently trading at a lower valuation than global peers, the company is expected to leverage its market advantages for enhanced financial performance in the near future.
UBS has initiated coverage on Hyosung Heavy Industries Corp with a Buy rating and a target price of KRW530,000, citing potential profitability improvements in 2025 driven by power transformer sales. While acknowledging risks in the construction division, analysts are optimistic about strong profit growth and a recovery in share price, fueled by exceeding orders and earnings expectations.
UBS has initiated coverage of LS Electric with a Neutral rating and a target price of KRW 213,000, citing the company's long-term growth potential in the electrical equipment sector. However, its limited presence in large power transformers and cautious outlook on industrial capital spending may hinder performance. While there are opportunities in data center expansion, these are already reflected in the stock's valuation, leading to a balanced perspective on the company's prospects.
UBS has initiated coverage of HD Hyundai Electric with a buy rating and a target price of KRW 460,000, citing the company's strong position in the high-voltage power transformer market. Analysts believe its specialization leads to superior profitability and a favorable outlook, especially as demand for high-voltage products remains robust. Following a market correction, HD Hyundai Electric's stock is seen as undervalued compared to global peers, with expectations for significant profit growth in 2025.
Mini Korea has launched its all-electric lineup, including the Cooper, Countryman, and the new Aceman, at the BMW Driving Center. The Aceman, exclusively electric and positioned between the Cooper and Countryman, features a 312-kilometer range. The Cooper offers 218 horsepower and a 300-kilometer range, while the Countryman EV boasts up to 313 horsepower, showcasing impressive performance during a test drive. All models incorporate Samsung Display's circular OLED screens.
Mini Korea has launched its all-electric lineup, including the Cooper, Countryman, and the new Aceman, at the BMW Driving Center. The Aceman, exclusively electric and positioned between the Cooper and Countryman, features a 312-kilometer range. The Cooper offers 218 horsepower and a 300-kilometer range, while the Countryman EV boasts up to 313 horsepower, showcasing impressive performance during a test drive. All models incorporate circular OLED displays from Samsung Display.
Naver has launched the Naver Plus Store, an AI-powered ecommerce app, to compete with Coupang in South Korea. The app offers personalized shopping recommendations and partners with logistics providers for flexible delivery options, but relies on third-party sellers, which may affect its competitiveness. Despite having a larger user base, Naver trails in paid memberships compared to Coupang.
Naver has launched the Naver Plus Store, an AI-powered ecommerce app, to compete with Coupang in South Korea. The app offers personalized shopping recommendations and partners with logistics providers for flexible delivery options, but relies on third-party sellers, which may affect its competitiveness. Despite having a larger user base, Naver trails in paid memberships compared to Coupang.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Morgan Stanley predicts Bank of Korea to cut rates three more times
09:27 19.03.2025
Morgan Stanley forecasts multiple interest rate cuts by Bank of Korea
08:11 19.03.2025
UBS initiates buy rating for HD Hyundai Electric with target of KRW460000
07:07 17.03.2025
ubs initiates buy rating for hyosung heavy with krw530000 target
07:07 17.03.2025
ubs rates ls electric shares neutral with target price of 213000 krw
06:48 17.03.2025
ubs initiates coverage of hd hyundai electric with buy rating and target price
06:47 17.03.2025
Mini Korea launches all-electric lineup including Cooper Countryman and Aceman
06:45 14.03.2025
Mini Korea launches all-electric lineup including Cooper Countryman and Aceman
06:45 14.03.2025
Naver launches AI ecommerce app to challenge Coupang's market dominance
04:15 14.03.2025
Naver launches AI ecommerce app to challenge Coupang's market dominance
04:15 14.03.2025
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