|Bid||239,000.00 x 0|
|Ask||240,500.00 x 0|
|Day's range||237,500.00 - 244,000.00|
|52-week range||226,000.00 - 342,000.00|
|Beta (3Y monthly)||0.99|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||10,500.00 (4.41%)|
|1y target est||N/A|
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.
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.
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.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
South Korea's top steelmaker POSCO posted its highest quarterly profit since 2011 and said it expected sales revenue for all of 2018 to be lifted by higher steel prices. The world's fifth-largest steelmaker raised its revenue outlook for the full-year to 64.8 trillion won (44 billion pounds) from its previous forecast of 64.1 trillion won in July, POSCO said in its filing on Tuesday. Steel prices (SRBcv1) in China, the world's biggest consumer and producer of the construction material, have risen nearly 20 percent this year, supported by disruptions to output from policies aimed at tackling pollution and excess capacity.
POSCO said in a statement that it would also build a lithium plant in Argentina, planning to produce 25,000 tonnes of the commodity per year for 20 years starting from 2021. POSCO said the move would secure stable lithium supplies for its battery material manufacturing affiliate POSCO ES Materials.