​[아주증시포커스] KOSPI’s ‘3000 points’ on fire for the new year are in front of us

◆Very Economic News

▷ New year’s KOSPI’s ‘3000 points’ breakthrough

-KOSPI settled at the 2990 line and reached an all-time high for two consecutive days following the first trading day of the new year, close to 3000 points.

-In the financial investment industry, it is predicted that the rise to the 3,000 line is not far away as the index still has an upward momentum.

-The 5th KOSPI closed at 2990.57, an increase of 46.12 points (1.57%) compared to the previous trading day, breaking the record high for two consecutive days.

-The increase in the index on this day was led by large semiconductor stocks, rechargeable batteries, and electric vehicles, and Hyundai Motors rose 0.96% on the same day, and reports continued after the announcement of plans to launch new vehicles based on the electric vehicle platform

-Samsung Electronics rose 1.08%, SK Hynix rose 3.57%, rechargeable battery-related stocks Samsung SDI and SK Innovation also rose 2.24% and 5.63%, respectively.

◆Main Report

▷GS E&C, re-evaluation begins now [하나금융투자]

-Maintain BUY on GS E&C and raise the target price by 14% from 42,000 won to 48,000 won.

-GS E&C improves the structure of overseas business by expanding the detached housing business (Danwood) and water treatment concession business (GS Inima) in the long term.

-It is expected to expand its share in the metropolitan area/metropolitan maintenance business through the high brand competitiveness of’XAI’, so it continues to be presented as a top pick for large construction companies

◆Major announcement after closing (5 days)

△ Care Labs announces that it has decided to issue non-guaranteed private equity convertible bonds worth 20 billion won for the purpose of funding the acquisition of securities of other corporations.

△Daewoo E&C announces that it has been selected as a contractor for the Heukseok District 11 housing redevelopment maintenance project worth 4501 billion won. It also announced that it has signed a contract for the construction of the Daeyeon District 4 housing reconstruction and maintenance project worth 3136 billion won.

△Neotis announces that it will exercise the right to claim conversion for the first round of non-guaranteed private equity convertible bonds worth 960 million won. The number of issued shares is 3,04238 shares, 2.85% of the total number of shares issued.

△DMS announces that it has signed a contract to supply 11.9 billion won worth of display panel manufacturing process equipment with LG Display. It corresponds to 9.74% of sales in 2019.

△AJ Networks disposes of 2,133,4747 shares of AJ Selfie, a subsidiary, for 16.7 billion won to improve business efficiency and improve corporate governance.

△ Orbitec announces that it has decided to issue non-guaranteed private equity convertible bonds to raise operating funds worth 10 billion won. The surface interest rate is 1.0%, the maturity rate is 3.0%, and the maturity date of the bonds is March 29, 2024.

△ Anapass announces that it has decided to issue non-guaranteed privately held convertible bonds to raise operating funds worth 2 billion won.

△Genenbio announces that it has decided to withdraw the capital increase of KRW 51.6 billion, which was determined through a board resolution in October of last year, and a free increase that allocates 0.5 new shares per common share.

△APS Holdings, a holding company from the Fair Trade Commission pursuant to Article 2, Item 2 of the Monopoly Regulation and Fair Trade Act and Article 2 of the Enforcement Decree of the same Act (total assets of 500 billion or more) as of January 1 Announced that it has been notified of being excluded from the program.

◆Fund trends (4 days)

▷ Domestic stock type -285.9 billion won

▷Overseas stock type +14.3 billion won

◆Today (6th) main schedule

▷The US releases the minutes of the FOMC meeting

▷European Union, Modena Corona 19 vaccine review meeting

▷Samsung Electronics, First Look 2021 (New TV release)

▷Korea, December foreign exchange reserve