December 26, 2019 Korea Morning Focus No English report summaries this morning Major Indices Close Chg Chg (%) KOSPI 2,190.08 -13.63 -0.62 KOSPI 200 292.90 -1.97 -0.67 KOSDAQ 638.91 -8.71 -1.34 Turnover ('000 shares, Wbn) Volume Value KOSPI 560,158 4,756 KOSPI 200 57,102 2,504 KOSDAQ 748,129 3,572 Market Cap (Wbn) Value KOSPI 1,472,110 KOSDAQ 231,076 KOSPI Turnover (Wbn) Buy Sell Net Foreign 865 1,032 -167 Institutional 1,154 896 258 Retail 2,679 2,787 -108 KOSDAQ Turnover (Wbn) Buy Sell Net Foreign 393 394 -2 Institutional 205 152 53 Retail 2,948 2,986 -38 Program Buy / Sell (Wbn) Buy Sell Net KOSPI 709 823 -114 KOSDAQ 372 376 -5 Advances & Declines Advances Declines Unchanged KOSPI 311 512 85 KOSDAQ 305 941 98 KOSPI Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value Hanjin KAL 42,900 -3,300 580 Samsung Electronics 55,000 -500 506 KODEX Kosdaq150 7,900 -255 143 Leverage Hynix 93,800 -800 138 Celltrion 185,000 -1,500 125 KOSDAQ Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value HLB 100,100 -8,200 162 Energy Solutions 25,850 -2,150 112 JC Chemical 6,220 950 102 ESA 1,430 -545 75 GemVax 32,450 150 73 Note: As of December 24, 2019 This document is a summary of a report prepared by Mirae Asset Daewoo Co., Ltd. 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Mirae Asset Daewoo Research Key Universe Valuations December 26, 2019 ※All data as of close December 23, 2019, unless otherwise noted. 19F Earnings growth Mkt Cap Price P/E (x) P/B (x) ROE (%) Ticker Company Div Yield OP EPS (Wbn) (W) (%) 19F 20F 19F 20F 19F 20F 19F 20F 19F 20F 005930 Samsung Electronics 328,338 55,000 2.6 -54.3 40.3 -47.7 35.9 17.5 12.8 1.4 1.3 8.6 10.8 000660 SK Hynix 68,287 93,800 1.6 -85.8 150.5 -85.5 140.0 30.2 12.6 1.3 1.2 4.7 10.7 035420 NAVER 29,996 182,000 0.2 -17.8 77.0 -47.3 132.4 87.8 37.8 4.4 4.0 6.3 13.4 005380 Hyundai Motor 26,068 122,000 3.3 49.6 41.9 118.5 48.0 10.4 7.0 0.5 0.4 4.7 6.6 012330 Hyundai Mobis 24,541 257,500 1.9 17.9 16.4 24.3 17.1 10.7 9.1 0.7 0.7 7.3 7.9 068270 Celltrion 23,743 185,000 - - - - 0.0 0.0 051910 LG Chem 22,060 312,500 1.3 -55.7 70.9 -72.5 164.0 60.4 22.9 1.4 1.3 2.4 6.1 055550 Shinhan Financial Group 21,600 45,550 12.3 3.9 10.0 -0.2 6.2 6.2 0.5 0.5 9.1 8.4 005490 POSCO 20,925 240,000 4.6 -23.9 -9.2 37.8 -0.3 9.0 9.0 0.5 0.4 5.3 5.1 105560 KB Financial Group 20,676 49,450 9.3 2.3 12.6 0.9 6.0 5.9 0.5 0.5 9.2 8.5 028260 Samsung C&T 20,487 108,000 1.9 -27.7 39.8 -42.8 17.9 21.1 17.9 0.7 0.6 4.0 3.9 051900 LG H&H 19,663 1,259,000 0.9 12.8 9.7 16.5 10.7 24.7 22.3 5.4 4.6 20.3 19.1 017670 SK Telecom 19,581 242,500 4.1 7.3 -3.5 -60.6 68.2 15.9 9.4 0.8 0.7 5.4 8.8 034730 SK Holdings 18,434 262,000 1.9 -2.8 21.5 -36.6 11.0 13.0 11.7 1.0 0.9 8.2 8.3 000270 Kia Motors 18,120 44,700 2.0 70.4 29.1 79.8 24.5 8.7 7.0 0.6 0.6 7.4 8.5 015760 KEPCO 17,911 27,900 - - - - - 146.1 0.3 0.3 - 0.2 006400 Samsung SDI 15,472 225,000 0.4 -33.0 108.9 -38.3 99.8 36.6 18.3 1.2 1.2 3.5 6.7 032830 Samsung Life 15,260 76,300 - - - - 0.0 0.0 018260 Samsung SDS 15,089 195,000 1.3 10.4 12.3 10.3 11.8 21.7 19.4 2.3 2.1 11.1 11.3 096770 SK Innovation 14,240 154,000 4.2 -42.8 18.2 -68.7 92.4 27.9 14.5 0.7 0.7 2.8 5.4 033780 KT&G 13,372 97,400 4.3 12.8 5.6 17.5 5.1 12.6 12.0 1.5 1.4 12.7 12.6 003550 LG Corp. 12,925 74,900 3.3 -28.0 45.0 -18.4 16.8 8.7 7.4 0.7 0.6 8.1 8.9 035720 Kakao 12,630 146,500 0.1 184.6 138.3 226.0 114.7 73.3 34.1 2.4 2.2 3.2 6.7 000810 Samsung F&M 11,820 249,500 - - - - 0.0 0.0 066570 LG Electronics 11,766 71,900 1.0 -4.2 15.6 -39.2 107.1 17.3 8.3 0.9 0.8 5.1 9.9 036570 NCsoft 11,701 533,000 1.1 6.0 76.9 33.5 52.9 21.0 13.7 3.6 3.0 21.6 27.0 090430 AmorePacific 11,575 198,000 0.6 -15.7 30.9 -9.8 31.4 38.6 29.4 2.9 2.7 6.6 8.1 086790 Hana Financial Group 11,484 38,250 4.6 2.7 14.8 -6.2 4.4 4.7 0.4 0.4 9.2 8.1 010950 S-Oil 10,943 97,200 0.3 -13.3 197.8 -54.2 948.9 96.0 9.1 1.7 1.5 1.8 17.3 009150 Samsung Electro-Mechanics 9,038 121,000 0.9 -32.8 17.4 -5.4 -2.9 15.1 15.6 1.7 1.5 12.1 10.5 009540 KSOE 8,882 125,500 - 88.1 - -39.1 36.2 59.4 0.8 0.8 2.1 1.3 010130 Korea Zinc 8,105 429,500 2.6 12.2 15.7 25.4 9.3 12.3 11.2 1.2 1.1 10.2 10.3 011170 Lotte Chemical 7,952 232,000 4.5 -46.0 12.7 -54.7 32.3 11.1 8.4 0.6 0.6 5.5 6.9 091990 Celltrion Healthcare 7,945 55,200 - 144.5 435.7 165.0 129.6 48.9 4.4 4.2 3.7 9.3 251270 Netmarble 7,863 91,700 1.8 57.7 14.5 36.9 36.0 26.3 1.7 1.6 4.9 6.3 024110 Industrial Bank of Korea 7,157 12,400 0.6 -0.8 -1.0 -2.3 4.7 4.8 0.4 0.3 8.0 7.3 030200 KT 7,128 27,300 4.0 -2.4 -1.1 -7.8 21.0 11.2 9.3 0.5 0.5 4.7 5.5 032640 LG Uplus 6,265 14,350 4.5 -11.8 10.9 -16.7 15.0 15.6 13.6 0.9 0.9 5.8 6.4 018880 Hanon Systems 6,059 11,350 - - - - 0.0 0.0 Hyundai Heavy Industries 267250 5,831 358,000 5.2 -1.6 92.1 74.3 199.2 12.5 4.2 0.7 0.6 6.0 16.5 Holdings 034220 LG Display 5,600 15,650 - - - - - - 0.4 0.5 - - 086280 Hyundai Glovis 5,456 145,500 2.3 22.7 2.0 3.3 34.0 12.1 9.0 1.2 1.1 10.1 12.2 000720 Hyundai E&C 4,727 42,450 1.2 12.4 10.9 42.6 -6.7 8.7 9.3 0.7 0.7 8.3 7.3 029780 Samsung Card 4,675 40,350 11.7 -28.6 1.7 6.8 13.3 12.5 0.7 0.6 1.5 1.6 010140 Samsung Heavy Industries 4,479 7,110 - - - - - 45.4 0.7 0.7 - 1.7 271560 Orion 4,270 108,000 0.6 14.2 7.7 56.5 9.1 19.5 17.9 2.6 2.3 14.4 13.7 004020 Hyundai Steel 4,257 31,900 2.4 -45.2 39.1 -75.8 289.4 44.2 11.4 0.2 0.2 0.6 2.1 071050 Korea Investment Holdings 4,068 73,000 - - - - 0.0 0.0 004990 LOTTE Corporation 4,065 38,750 2.1 91.0 11.9 198.2 20.3 7.4 6.2 0.4 0.4 7.5 8.3 023530 Lotte Shopping 3,876 137,000 3.8 -2.6 14.7 - 16.9 16.5 14.1 0.3 0.3 2.0 2.3 Source: Mirae Asset Daewoo Research Mirae Asset Daewoo Research Market Data December 26, 2019 ※All data as of close December 24, 2019, unless otherwise noted.