Emkay Global Financial is bullish on ACC has recommended buy rating on the stock with a target price of Rs 2900 in its research report dated April 25, 2024.
Samsung C&T spoke out against shareholder activism by City of London Investment and other hedge funds, Thursday, after their proposals of a share buyback and increased dividends were added to the agenda for the regular general meeting of shareholders scheduled for March 15.
Shareholder activism at Samsung C&T has gained momentum as the court is set to rule on Monday on Samsung Electronics Executive Chairman Lee Jae-yong in a case regarding a controversial merger between Samsung C&T and Cheil Industries in 2015, according to industry officials, Sunday.
Major trading firms in Korea are facing different earnings forecasts, depending on the levels of diversification in their business portfolios, according to securities analysts, Monday.
Whitebox Advisors joined Britain’s Palliser Capital and City of London Investment Management (CLIM) in asking Samsung C&T to enhance shareholder value ahead of its annual general meeting of shareholders next year, the U.S. hedge fund manager said Thursday.