POSCO Holdings: Q4 Operating Profit Was Below Expectations (Rating Downgrade) [Seeking Alpha]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
US:NYSE Investor Relations:
posco.com/homepage/docs/eng5/jsp/invest/archive/s91b6010071l.jsp
Company Research
Source: Seeking Alpha
But PKX's shares could still benefit from a positive re-rating in the medium term with catalysts associated with the battery materials business and shareholder capital return. I downgrade my rating for POSCO Holdings from a Buy to a Hold, considering PKX's short-term outlook, potential medium-term catalysts, and its current valuations. Looking for more investing ideas like this one? Get them exclusively at Asia Value & Moat Stocks. Learn More » Elevator Pitch I rate POSCO Holdings Inc. NYSE: PKX ) [005490:KS] as a Hold. My earlier write-up published on August 31, 2023, was focused on PKX's share price outperformance between mid-June and end-August last year and the updated production guidance for its battery materials business. In the current update, I draw attention to POSCO Holdings' latest quarterly financial results. PKX's recent fourth quarter operating income was -44% below expectations, and a turnaround in the company's operating profitability might take more time. T
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PKX
News
- POSCO HOLDINGS INC. Files its Annual Report on Form 20-FPR Newswire
- Asia-Pacific $769 Mn Next-Generation Anode Materials Markets, 2023-2024 & 2032: Growing Demand for Solid-State Lithium-Metal Batteries, Creating Resilient Binders for Assuring the Stability of Silicon Anodes [Yahoo! Finance]Yahoo! Finance
- Benefits gained via regional coordination [Yahoo! Finance]Yahoo! Finance
- Honda and Posco sign MoU for Canadian cathode JV [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
PKX
Sec Filings
- 4/29/24 - Form 20-F
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- PKX's page on the SEC website