KOREA Morning Focus
March 15, 2018 KOREA Morning Focus Company News & Analysis Major Indices Close Chg Chg (%) SM Entertainment (041510/Buy/TP: W50,000) KOSPI 2,486.08 -8.41 -0.34 Positive on KeyEast/FNC Add Culture acquisition KOSPI 200 321.99 -0.99 -0.31 KOSDAQ 886.92 0.67 0.08 Sector News & Analysis Turnover ('000 shares, Wbn) Volume Value Internet/Game (Overweight) KOSPI 357,035 6,259 Japan visit note: Expanding lifestyle presence KOSPI 200 74,841 4,749 KOSDAQ 920,060 5,181 Market Cap (Wbn) Value KOSPI 1,652,629 KOSDAQ 285,293 KOSPI Turnover (Wbn) Buy Sell Net Foreign 1,580 1,709 -130 Institutional 1,232 1,375 -142 Retail 3,437 3,154 283 KOSDAQ Turnover (Wbn) Buy Sell Net Foreign 366 440 -74 Institutional 184 235 -51 Retail 4,617 4,481 136 Program Buy / Sell (Wbn) Buy Sell Net KOSPI 1,309 1,502 -192 KOSDAQ 187 197 -10 Advances & Declines Advances Declines Unchanged KOSPI 324 502 61 KOSDAQ 525 638 92 KOSPI Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value Samsung Electronics 2,588,000 5,000 645 Celltrion 306,500 -4,500 582 Hynix 90,700 700 512 Pharmicell 8,710 2,010 230 KODEX LEVERAGE 17,215 -40 212 KOSDAQ Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value SillaJen 119,900 2,600 250 NATURECELL 54,600 2,000 171 CIS 2,495 265 138 Diostech 38,550 250 108 Celltrion Healthcare 104,900 0 92 Note: As of March 14, 2018 Mirae Asset Daewoo Research SM Entertainment (041510 KQ) Positive on KeyEast/FNC Add Culture acquisition Entertainment Acquisition of rivals to strengthen content production business; Maintain positive view Company Update We reaffirm our Buy call and target price of W50,000 on SM Entertainment.
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