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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  POSCO    A005490   KR7005490008

POSCO

(A005490)
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S.Korea shares gain on upbeat U.S. data, stimulus hopes; rising local cases weigh

10/23/2020 | 03:05am EST

* KOSPI rises, foreigners net buyers

* Korean won steady against U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

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

** South Korean shares rose on Friday, tracking overnight Wall Street gains on upbeat U.S. economic data and stimulus hopes, though rising domestic coronavirus cases capped gains. The won held steady, while the benchmark bond yield fell.

** KOSPI closed up 5.76 points, or 0.24%, at 2,360.81. For the week, the benchmark index rose 0.8%.

** U.S. economic data surprised to the upside, as jobless claims fell more than expected and existing home sales surged to a more than 14-year high.

** But the sentiment was dampened after South Korean government reported 155 new coronavirus cases as of Thursday midnight, the most since Sept. 11.

** Shares of POSCO, the world's fifth-biggest steelmaker, rose 4.8% after its third-quarter operating profits fell by less than expected.

** Meanwhile, a Reuters poll showed local economy likely returned to growth in the third quarter, after plunging into a recession in the previous quarter.

** U.S. President Donald Trump and his Democrat challenger Joe Biden offered sharply contrasting views on the coronavirus pandemic at Thursday's final presidential debate, just 12 days before their Nov. 3 contest.

** "Investors are remaining their wait-and-see stance ahead of the U.S. elections," said Hana Financial Investment analyst Lee Jae-sun.

** Foreigners were net buyers of 38.1 billion won ($33.63 million) worth of shares on the main board.

** The won was quoted at 1,132.9 per dollar on the onshore settlement platform, steady from its previous close at 1,132.9.

** The currency gained 1.3% on a weekly basis, extending gains to a fourth week.

** In offshore trading, the won was quoted at 1,132.7 per dollar, while in non-deliverable forward trading its one-month contract was quoted at 1,132.7.

** The most liquid 3-year Korean treasury bond yield fell by 1.9 basis points to 0.909%.

($1 = 1,132.8100 won) (Reporting by Joori Roh; Additional reporting by Jihoon Lee; Editing by Rashmi Aich)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HANA FINANCIAL GROUP INC. -2.80% 38150 End-of-day quote.10.58%
KOSPI COMPOSITE INDEX -1.86% 3093.65 Real-time Quote.9.82%
POSCO -2.48% 275000 End-of-day quote.1.10%
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More news
Financials
Sales 2020 57 768 B 52,3 B 52,3 B
Net income 2020 1 382 B 1,25 B 1,25 B
Net Debt 2020 8 600 B 7,79 B 7,79 B
P/E ratio 2020 17,1x
Yield 2020 2,88%
Capitalization 21 571 B 19 563 M 19 543 M
EV / Sales 2020 374x
EV / Sales 2021 350x
Nbr of Employees -
Free-Float 88,3%
Chart POSCO
Duration : Period :
POSCO Technical Analysis Chart | A005490 | KR7005490008 | MarketScreener
Technical analysis trends POSCO
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 318 464,29 KRW
Last Close Price 275 000,00 KRW
Spread / Highest target 41,8%
Spread / Average Target 15,8%
Spread / Lowest Target -9,09%
EPS Revisions
Managers and Directors
NameTitle
Jeong-Woo Choi Co-Chief Executive Officer & Director
In-Hwa Chang Co-President, Co-CEO & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Hag-Dong Kim Director & Senior Executive Vice President
Tak Jeong Director, Senior EVP & Head-Marketing
Sector and Competitors
1st jan.Capitalization (M$)
POSCO1.10%19 563
ARCELORMITTAL4.39%25 197
NUCOR4.29%16 748
NIPPON STEEL CORPORATION4.59%12 322
TATA STEEL LIMITED9.63%11 150
COMPANHIA SIDERÚRGICA NACIONAL S.A.7.88%9 034