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Foreign IBs Cuts Next Year’s KOSPI Targets amid Rising Volatility

Foreign IBs Cuts Next Year’s KOSPI Targets amid Rising Volatility

SEOUL, Dec. 1 (Korea Bizwire) – Two major foreign investment banks (IBs) have revised down their targets of South Korea’s key stock index for 2022 amid rising market volatility following the discovery of the omicron coronavirus variant, industry sources said Wednesday. In a recent report on South Korea, Goldman Sachs has cut its 2022 target [...]

Foreign IBs Up S. Korea’s 2021 Growth Outlook to 3.6 pct

Foreign IBs Up S. Korea’s 2021 Growth Outlook to 3.6 pct

SEOUL, March 9 (Korea Bizwire) — Major global investment banks (IBs) have revised up their forecasts for South Korea’s 2021 economic growth for the third consecutive month amid growing expectations for a recovery, a report showed Tuesday. As of end-February, nine major global IBs, including Barclays, BoA-Merrill Lynch and Citi, forecast Asia’s fourth-largest economy to [...]

Foreign IBs Raise S. Korea’s 2021 Growth Outlook

Foreign IBs Raise S. Korea’s 2021 Growth Outlook

SEOUL, Jan. 27 (Korea Bizwire) — Several foreign investment banks (IBs) have revised up their forecasts for South Korea’s 2021 economic growth following the economy’s relatively good performance last year, a report showed Wednesday. Out of six foreign IBs and one research institute that published reports on Asia’s fourth-largest economy Tuesday, three upgraded their growth [...]

Major Foreign IBs Revise Up S. Korea’s 2021 Growth Outlook

Major Foreign IBs Revise Up S. Korea’s 2021 Growth Outlook

SEOUL, Jan. 7 (Korea Bizwire) — Major foreign investment banks (IBs) have slightly raised their forecasts for South Korea’s economic growth for 2021 despite the coronavirus pandemic, a report showed Thursday. As of end-December, nine major global IBs, including Barclays and Goldman Sachs, forecast the South Korean economy to grow 3.4 percent this year, up [...]

Major Foreign IBs Cut S. Korea’s Growth Outlook on Virus Resurgence

Major Foreign IBs Cut S. Korea’s Growth Outlook on Virus Resurgence

SEOUL, Oct. 12 (Korea Bizwire) — Major foreign investment banks (IBs) have downgraded their forecasts for South Korea’s economic growth following the resurgence of the coronavirus here, a report showed Monday. As of end-September, nine major global IBs, including Barclays and Goldman Sachs, forecast Asia’s fourth-largest economy to shrink 1.4 percent this year, compared with [...]

Market for Mega IBs’ Promissory Notes Tipped to Grow Rapidly

Market for Mega IBs’ Promissory Notes Tipped to Grow Rapidly

SEOUL, May 13 (Korea Bizwire) — South Korea’s market for promissory notes issued by mega investment banks (IBs) is expected to grow sharply this year to top the 10 trillion won (US$8.5 billion) mark, industry sources said Monday. The outstanding value of promissory notes floated by two mega IBs — Korea Investment & Securities Co. [...]

Investment Banks Raise South Korea’s Investment Ratings

Investment Banks Raise South Korea’s Investment Ratings

SEOUL, May 24 (Korea Bizwire) – Global investment banks (IBs) have upgraded their investment ratings on South Korean stocks and hiked targets of its benchmark stock index on expectations for higher corporate earnings and other positives, a report showed Wednesday.  Among seven major foreign IBs, UBS, Nomura, Citi, Credit Suisse and Bank of America Merill [...]

Foreign IBs Raise South Korea’s Growth Outlook on Robust Exports

Foreign IBs Raise South Korea’s Growth Outlook on Robust Exports

SEOUL, April 10 (Korea Bizwire) – Foreign investment banks (IBs) have raised their outlook on South Korea’s economic growth for this year, citing a sound recovery in exports, a report showed Sunday.  The average growth estimate by 10 IBs including Barclays, Morgan Stanley and Nomura stood at an annual 2.5 percent at the end of [...]