▷KOSPI companies achieve record revenue of 200 trillion won; operating profit up 76% excluding Samsung and SK Hynix
- In the first half of this year, the revenue of companies listed on the KOSPI exceeded 200 trillion won for the first time, with operating profit and net profit surging by 254.15% and 333.30%, respectively.
- Samsung Electronics and SK Hynix led the performance improvement, with their combined operating profit and net profit accounting for 63.09% and 65.46% of the total for the KOSPI market.
- However, excluding these two companies, listed firms also saw operating profit increase by 75.61% and net profit rise by 119.68%, indicating that the performance improvement was not limited to large semiconductor stocks.
- The financial sector and KOSDAQ market also showed strong performance, particularly with securities firms reporting an operating profit of 9.2066 trillion won, a 163.37% increase, while net profit for KOSDAQ-listed companies surged by 286.95%.
- Nonetheless, the debt growth rate for KOSDAQ-listed companies outpaced the capital growth rate, leading to an increase in the debt ratio from 113.58% to 126.04%, indicating a growing financial burden.
◆Major Reports
▷August Monetary Policy Committee expected to raise key interest rate by 25 basis points [Daishin Securities]
- Daishin Securities forecasts that the Bank of Korea's Monetary Policy Committee will raise the key interest rate from 2.75% to 3.00% by 25 basis points in August.
- This increase would mark the second consecutive 'back-to-back' hike following July's adjustment, driven by stronger-than-expected recovery in the real economy, including robust exports and improved domestic demand.
- The Bank of Korea's growth forecast for 2026 is expected to be significantly revised upward from 2.6% to between 3.2% and 3.3%, with a maximum optimistic scenario suggesting a rise to 3.5%.
- Daishin Securities anticipates that there will be additional rate hikes in the fourth quarter of this year and the first quarter of next year, raising the terminal rate of this cycle from the previous 3.25% to 3.50%.
- Inflation forecasts indicate that the core inflation rate for 2026 is expected to rise from 2.4% to 2.5%, and for 2027, from 2.3% to 2.4%.
◆Major Announcements After Market Close (19th)
▷Woori E&L Harutin to lift trading suspension on the 20th
▷Raon People to lift trading suspension on the 20th
▷Daishin Balance No. 17 SPAC to be delisted on the 1st of next month; trading for liquidation from the 21st to 31st
▷Duoback to change CEO
▷Nano CMS to decide on a third-party allocation capital increase of 2 billion won
▷BGF Eco Materials to acquire an additional 800,000 shares of BGF Eco Solutions
▷JTC to decide on a buyback of 10 billion won worth of its own shares
▷Canvas N to lift trading suspension on the 20th
◆Fund Trends (as of the 18th, excluding ETFs)
▷Domestic equity: -6 billion won
▷Overseas equity: +3.4 billion won
◆Key Schedule for Today (20th)
▷Germany: Producer Price Index (July)
▷United States: Philadelphia Fed Index (August), Leading Economic Index (July)
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.