Companies that risked their lives in the Chinese market

Companies that risked their lives in the Chinese market... As China enters a long-term recession, they are not making changes in pain. Corruption seems to be a vague country, so the rebound is not as easy as I thought. China is far from financial statements corruption and embezzlement… Apple and Tesla, which have been in such a country for a long time, are undergoing serious stock price adjustments. On the other hand, Microsoft, Nvidia, AMD, Meta, etc. are bringing about unlimited success and good news, and they are even giving out their first dividends... That's amazing. Why aren't there any companies like this in Korea? Apple Inc.'s iPhone sales guidance is weak + China's sales decline by 3%… Stock price falls by 3%

Apple announced better-than-expected quarterly results from October to December last year after the market closed on the 1st (local time). As for the January-March quarter, however, the company's stock price has declined by about 3 percent in after-hours trading as it hinted at weak iPhone sales.

Apple said its earnings per share (EPS) was $2.18 in the first quarter of fiscal year. This is higher than the $2.10 forecast of analysts compiled by LSEG.

Total net income was $33.9 billion, up 13% year-on-year. Apple's gross profit margin continued to rise to 45.9% in the October-December quarter of last year. This exceeds the market consensus of 45.5%.

Revenue in the October-December quarter of last year was $119.6 billion, which also exceeded analysts' estimates of $118 billion. This is a 2% increase year-on-year, which ended the fourth consecutive quarter of sales decline.

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"Only when the number of ants increases, the Korean stock market will grow... A strong shareholder return plan is urgently needed."
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Foreign funds investing in domestic stock markets are also interested in the direction of the government's policy. A case in point is Palicar Capital, which proposed shareholders to Samsung C&T last year. "We see the Korean government's move meaningfully," Palicar Capital Chief Investment Officer James Smith told Maeil Business recently. "Unlike in the past when small shareholders' demands for rights were like beating eggs, the number of individual investors has increased significantly, giving the Korean stock market momentum to turn positive."

However, he asked the government to make a stronger policy. He said, "I recommend policies to incinerate the treasury stock immediately or incinerate a large portion of the treasury stock immediately."

Palicar Capital's proposals include △ Introduction of a policy to immediately incinerate its own shares or immediately incinerate a significant portion of its own shares △ Prohibition of exercising voting rights and reissuance of its own shares without shareholder consent through general shareholders' meetings △ Mandatory tender purchase of more than a certain percentage of shares when acquiring shares enough to secure control of listed companies △ Expanding the scope of directors' obligation to be faithful to shareholders to general shareholders △ Expanding overseas corporate briefing sessions (IRs) by the Korea Exchange or institutions.


BOK "Prices likely to rise somewhat temporarily"

"We cannot rule out the possibility of a temporary rise as the slowdown in (consumer prices) slows down for the time being," said Kim Woong, vice president of the Bank of Korea, at a meeting to check the price situation on the 2nd. "We need to check the price trend a little more in the future." The consumer price increase rate in January was 2.8 percent (compared to the same month last year), down to 2 percent for the first time in six months, but they still decided that they could not relax.

The Bank of Korea said, "We should pay attention to the increased uncertainty of oil prices and high living prices." As geopolitical risks surrounding the Red Sea region have increased, Dubai oil prices have risen above $80 since the end of last month, which could stimulate oil prices.

In addition, although the rate of increase in living prices, which people buy frequently, has slowed, it is still high. The rate of increase in living prices last month was 3.4%, which was around 3% for the third consecutive month. Vice President Kim said, "There is a lot of uncertainty on the path of the price forecast, such as geopolitical situation, domestic and international economic trends, and the impact of cost pressure."

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