POSCO: Wait For Better Entry Point [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
PKX has delivered 24% & 29% return over the past 1 & 5 years despite challenging growth and earnings outlook. My target price of $72 means the stock appears overvalued. I advise interested investors to watch for potential correction, especially under the currently weak macro environment. POSCO Holdings ( NYSE: PKX ) is a South Korean conglomerate encompassing steel, chemicals, construction, and trade businesses. While steelmaking remains its core activity, PKX is strategically repositioning itself toward becoming a future-proof, eco-friendly materials provider. Through its Future M business segment, for instance, PKX manufactures anode and cathode materials, two of the main components of EV batteries. Their customers include Korea's leading EV battery manufacturers such as LG, Samsung, and SK. PKX started trading on the NYSE decades ago in the 90s. However, despite having reached an all-time high of $185 in 2007 just before the financial crisis, share performance has been cho
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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