$PKX

3 stories mentioning PKX

Every FINWIRES story that references PKX, newest first.

Research Alert: CFRA Maintains Hold Opinion On Shares Of Posco Holdings

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price to USD94 from USD70, valuing POSCO at 0.66x 2026 P/BV, above its three-year mean of 0.52x. Our neutral view reflects: (i) recovering steel fundamentals supported by China's 2025 crude steel output declining 4.4% Y/Y and South Korea's anti-dumping duties on Chinese steel, which provides a pricing moat for Posco; and (ii) lithium market recovery with prices surging 49% YTD through April, supporting POSCO's battery materials segment which narrowed Q1 2026 losses significantly. POSCO's Australian and Argentine lithium acquisitions bolster its battery materials growth strategy. Additionally, the new Mid-term Shareholder Return Policy (2026-2028) targeting a 35%-40% payout ratio demonstrates commitment to shareholder value. However, risks include an aggressive 61% capex increase to KRW11.3 trillion in 2026, execution challenges on international projects, and persistent margin pressures. We adjust our 2026 EPS estimate to KRW6,379 from KRW5,932 and 2027 to KRW8,036 from KRW7,820.

$PKX

Research46d ago

Research Alert: Posco Holdings Q1: Profit Surges As Battery Materials Losses Narrow Sharply

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:POSCO Holdings delivered strong Q1 2026 results with net profit surging KRW693B to KRW467B, revenue rising 6.1% Q/Q to KRW17,876B, and operating profit jumping to KRW707B from KRW13B. The turnaround was broad-based as Battery Materials losses narrowed to -KRW7B from -KRW157B and Infrastructure Business returned to KRW405B profit from a -KRW10B loss, though Steel operating profit declined 35.8% Q/Q on margin pressure. Key progress includes POSCO Argentina reaching 70% commercial utilization and securing 25kt supply agreements with SK On through 2028. The company announced a landmark JSW joint venture for a 6 Mtpa steel mill in India, its largest overseas investment with 2031 completion target. We believe POSCO's new shareholder return policy targeting 35%-40% of adjusted net profit through flexible dividends and buybacks, combined with low-carbon initiatives including a 2.5 Mtpa electrical furnace commissioning in June 2026, positions the company well for growth.

$PKX

Asia Markets48d ago

Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading

Asian equities traded in the US as American depositary receipts were declining on Tuesday morning, down 1.4% to 2,747.76 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by medical services platform PomDoctor (POM) and steel manufacturer Posco (PKX), which climbed 12% and 7.3% respectively.They were followed by consumer tech company Smart Share Global (EM) and banking holding company Mizuho Financial Group (MFG), which rose 4.3% and 2.2% respectively.The decliners from North Asia were led by technology and healthcare company VisionSys AI (VSA) and Internet and data center service provider VNET Group (VNET), which dropped 26% and 6.1% respectively.They were followed by cloud service provider Kingsoft Cloud (KC), which shed 6%.From South Asia, the gainers were led by pharmaceutical company Dr Reddy's Laboratories (RDY), which increased 0.8%.The decliners from South Asia were led by Sify Technologies (SIFY), which fell 2%, followed by telecoms Telkom Indonesia (TLK) and PLDT (PHI), which were down 1.5% and 1.6%, respectively.

$EM$INFY$KC$MFG$PHI$PKX$POM$RDY$SIFY$TLK$VNET$VSA