[아주증시포커스] The Financial Services Commission postpones a month and a half to resume short selling… Partial resumption from May

[사진 = 아주경제DB]

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◆Very Economic News
▷ The Financial Services Commission postpones a month and a half to resume short selling… Partial resumption from May

-The Financial Services Commission decided to extend the ban on short selling until March 15th.

-The policy to resume after the financial authorities and politics have prepared measures to improve the system necessary for promoting short selling. It is interpreted as being aware of the continued concerns of individual investors.

-However, from May 3, the short selling of KOSPI 200 and KOSDAQ 150 stock index constituents partially resumed. Short selling of large stocks of KOSPI and KOSDAQ such as Samsung Electronics and Celltrion Healthcare resumed.

◆Main Report

▷”HDC Hyundai Industrial Development, benefit from expanding housing supply” [유진투자증권]

-We maintain our Buy rating and target price of 38,000 won.

-Sales continued to decline due to the decrease in new pre-sale in 2018-2019, but the cost ratio improved and the operating profit margin, the highest level in the construction industry, recorded 18.8%.

It is believed that the initial site cost ratio, which was reflected as -100%, has been normalized, and it is estimated that semi-process profits and cost improvement occurred at a number of sites.

-The government policy is shifting to supply expansion in the metropolitan area, and the value of the development project is expected to gradually emerge

-In March, the first pre-sale of CTI, an urban development project in Incheon, will begin, and the second and third phases will be pre-sale within this year, and profitability is expected at the level of its own business.

◆Major announcement after closing (3 days)

▷ Sungdo ENG: Announced that it has decided to sign a contract with Cosmos Logis for a new project of Anseong Cosmos Logistics Center worth 46.3 billion won.

▷Hwahwa Tech: Announced that it has signed a contract to supply a hydrogen electric truck’CONT UNIT ASSY-AIR COMP’ worth 15 billion won with Hyundai Motor Company (005380).

▷Bifido = Announced that it has decided to take over Daechi-dong, Gangnam-gu, Seoul, with 13.2 billion won to build a microbiome research and development (R&D) center.

▷ Goo Young Tech: As the largest shareholder Lee Hee-hwa sold some of his shares on the market, six members, including Mi Kwang Precision Industries, who are affiliated with the largest shareholder, have been announced as the largest shareholder.

▷ Mando = Public announcement that last year’s operating profit fell 59.4% from the previous year to 88.8 billion won.

▷Taeyoung E&C: Disclosures that last year’s operating profit fell 34.4% compared to the previous year to KRW 2567 billion.

▷ Cell Materapeutics = Announced that the operating loss last year recorded a deficit of 9.4 billion won.

▷Samyang Packaging: Announced that last year’s operating profit increased by 25.2% from the previous year to 52 billion won

▷Sajo Ohyang: It was announced that operating profit last year was 26.5 billion won, an increase of 17.9% from the previous year.

◆ Fund trends (2 days)

▷ Domestic stock type -5.1 billion won

▷Overseas stock type +109.7 billion won

◆Today (4th) main schedule

▷Germany

-January construction industry PMI

▷UK

-January construction industry PMI

▷EU

-December retail sales

▷USA

-December durable goods order/manufacturing order

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