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    A035420   KR7035420009

NAVER CORPORATION

(A035420)
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S.Korean stocks end lower after Powell's renomination

11/23/2021 | 02:14am EST

* KOSPI falls, foreigners net buyers

* Korean won weakens against U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Nov 23 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares ended lower on Tuesday, in line with Asian peers, as the renomination of Federal Reserve Chair Jerome Powell bolstered bets of a faster-than-expected policy tightening. The won weakened, while the benchmark bond yield rose.

** The benchmark KOSPI closed down 15.92 points, or 0.53%, at 2,997.33, following a 1.42% gain on Monday.

** The overnight news on Powell buffeted financial markets and kept the U.S. dollar well supported as traders prepared for the imminent end to the Fed bond-buying programme.

** Chip giant Samsung Electronics rose 0.53% amid a report that the location of its new $17 billion chip plant in the United States would be Taylor, Texas, though the company said a final decision has not been made.

** Its peers SK Hynix fell 0.42%, while other heavyweights LG Chem and Naver also dropped 3.27% and 2.44%, respectively.

** Foreigners were net buyers of 279.7 billion won ($235.18 million) worth of shares on the main board.

** Meanwhile, South Korea's central bank is due to hold the monetary policy meeting on Thursday where it is widely expected to raise rates, as predicted by all 30 analysts in a Reuters poll.

** The won ended at 1,189.7 per dollar on the onshore settlement platform, 0.39% lower than its previous close.

** In offshore trading, the won was quoted at 1,189.5 per dollar, up 0.1% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,190.4.

** In money and debt markets, December futures on three-year treasury bonds fell 0.01 points to 108.32.

** The most liquid 3-year Korean treasury bond yield rose by 1.5 basis points to 2.032%, while the benchmark 10-year yield rose by 0.6 basis points to 2.392%. ($1 = 1,189.2900 won) (Reporting by Joori Roh; Editing by Shailesh Kuber)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
LG CHEM, LTD. 6.58% 696000 End-of-day quote.13.17%
NAVER CORPORATION 0.75% 335000 End-of-day quote.-11.49%
SAMSUNG ELECTRONICS CO., LTD. 0.26% 76500 End-of-day quote.-2.30%
SK HYNIX INC. -1.57% 125000 End-of-day quote.-4.58%
All news about NAVER CORPORATION
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01/19S.Korean stocks end lower for 5th day; LGES IPO in focus
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01/18S.Korea stocks hit 7-week closing low ahead of LGES IPO
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01/13S.Korean stocks end lower on options expiry; BOK in focus
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01/13NAVER : Prior Notice on Disclosure of Final Earnings
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01/12Nomura Adjusts Naver's Price Target to 480,000 Won From 570,000 Won, Keeps at Buy
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01/12S.Korean stocks post best day in 6 weeks on Powell remarks
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01/11S.Korean stocks end unchanged ahead of Powell hearing
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01/10S.Korean stocks end lower, govt vows market monitoring as won fluctuates
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More news
Analyst Recommendations on NAVER CORPORATION
More recommendations
Financials
Sales 2021 6 770 B 5,69 B 5,69 B
Net income 2021 16 554 B 13,9 B 13,9 B
Net cash 2021 2 037 B 1,71 B 1,71 B
P/E ratio 2021 3,20x
Yield 2021 0,15%
Capitalization 49 640 B 41 757 M 41 698 M
EV / Sales 2021 7,03x
EV / Sales 2022 5,67x
Nbr of Employees 4 315
Free-Float 90,8%
Chart NAVER CORPORATION
Duration : Period :
NAVER Corporation Technical Analysis Chart | A035420 | KR7035420009 | MarketScreener
Technical analysis trends NAVER CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 29
Last Close Price 335 000,00 KRW
Average target price 514 620,69 KRW
Spread / Average Target 53,6%
EPS Revisions
Managers and Directors
Seong-Sook Han Chief Executive Officer & Director
Sang-Jin Park Chief Financial Officer
In-Hyuk Choi Chief Operating Officer & Director
Yeon-Ah Jeong Head-Legal Affairs & Compliance Support
Hae-Jin Lee Global Investment Officer
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