After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […]

In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles. Chile had lured the companies with an enticing offer. In exchange for helping the South American country, the world's No. 2 miner of lithium, jumpstart its own EV battery industry, the firms would get a guaranteed supply of the coveted metal at attractive prices for nearly three decades amid a global race to lock down supplies.

Moody's Investors Service has assigned a provisional (P)Ba3 rating to the proposed senior secured USD notes of Mong Duong Finance Holdings BV due 2029. This is the first-time that Moody's has assigned a rating to Mong Duong Finance. The outlook on the rating is stable.

U. S. Steel (X) and POSCAL believe that ownership by a single group will enable UPI to continue operating effectively.

In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles. Chile had lured the companies with an enticing offer. In exchange for helping the South American country, the world's No. 2 miner of lithium, jumpstart its own EV battery industry, the firms would get a guaranteed supply of the coveted metal at attractive prices for nearly three decades amid a global race to lock down supplies.

SANTIAGO/SEOUL, June 21(Reuters) - South Korea's POSCO has pulled out of a project to build battery parts in Chile, the Asian steelmaker said, little more than a year after winning guaranteed access to cheap lithium from top producer Albemarle. POSCO, together with partner Samsung SDI, won a 2018 Chilean government tender to build a battery-parts factory in the country's northern desert in exchange for a 27-year supply of low-cost lithium. The problem, POSCO told Reuters, is that the project it proposed requires lithium hydroxide, a type of the metal increasingly favored by EV battery makers but one not produced by Albemarle in Chile.

SANTIAGO/SEOUL, June 21(Reuters) - South Korea's POSCO has pulled out of a project to build battery parts in Chile, the Asian steelmaker said, little more than a year after winning guaranteed access to cheap lithium from top producer Albemarle. POSCO, together with partner Samsung SDI, won a 2018 Chilean government tender to build a battery-parts factory in the country's northern desert in exchange for a 27-year supply of low-cost lithium. The problem, POSCO told Reuters, is that the project it proposed requires lithium hydroxide, a type of the metal increasingly favored by makers of batteries for electric vehicles (EV) but one not produced by Albemarle in Chile.

Moody's Investors Service has confirmed Mong Duong Finance Holdings BV's (Mong Duong Finance) Ba3 USD senior secured notes rating. The review was prompted by Moody's decision on 9 October to place the Ba3 local and foreign currency issuer and senior unsecured ratings of the Government of Vietnam under review for downgrade. The rating action follows Moody's decision on 18 December to confirm Vietnam's Ba3 ratings with a negative outlook.

Moody's Investors Service has today placed the Ba3 rating for Mong Duong Finance Holdings BV's USD senior secured notes on review for downgrade. Mong Duong Finance is a finance entity, whose credit profile is closely linked to AES-VCM Mong Duong Power Company Limited (MDP), because of several structural features. "The rating action reflects Moody's view that the rating on the notes is linked to Vietnam sovereign's rating, given that the government's commitment to MDP under the GGU and the BOT contract is a key driver for MDP's credit quality," says Mic Kang, a Moody's Vice President and Senior Credit Officer.

Is POSCO (NYSE:PKX) a good bet right now? We like to analyze hedge fund sentiment before doing days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage of news […]

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of POSCO and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

Hedge fund managers like David Einhorn, Bill Ackman, or Carl Icahn became billionaires through reaping large profits for their investors, which is why piggybacking their stock picks may provide us with significant returns as well. Many hedge funds, like Paul Singer’s Elliott Management, are pretty secretive, but we can still get some insights by analyzing […]

Successful investors are always balancing risk and reward depending on their own personal risk tolerance. One common metric used to gauge risk is price-to-book ratio, or P/B. A company’s book value is ...

China's Sichuan Fulin Transportation Group Co has ditched a project to build parts for electric vehicles in Chile, development agency Corfo said on Thursday, leaving in tatters a nascent EV battery industry in the South American nation. In exchange, the companies said they would build battery parts factories in the north Chilean desert.

Moody's Investors Service has assigned a Baa1 rating to the proposed senior unsecured USD notes to be issued by POSCO (Baa1 stable). "POSCO's Baa1 issuer and senior unsecured ratings reflect the company's leading position in Korea's steel sector, diversified product mix, and globally competitive cost position, as well as its robust financial flexibility," says Sean Hwang, a Moody's Analyst. POSCO's operating income declined 23% to KRW3.3 trillion for the first nine months of 2019, mainly reflecting increased raw material costs and insufficient selling price hikes to pass through the cost increases.

Investment company Edgbaston Investment Partners LLP (Current Portfolio) buys POSCO during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Edgbaston Investment Partners LLP. Continue reading...

We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

South Korean steelmaker POSCO on Friday posted a 41.4% fall in its first-quarter operating profit, hit by a slump in steel demand amid the coronavirus pandemic, and forecast a further hit to sales. The world's fifth-biggest steelmaker said it expected a continued slowdown in steel demand due to the outbreak, and revised down its consolidated sales outlook to 57.5 trillion won ($46.5 billion) from its January forecast of 63.4 trillion won. Consolidated operating profit came in at 705 billion won in the first quarter, down from 1.2 trillion won a year earlier POSCO said in a statement.

POSCO and CenturyLink on the list Continue reading...

Moody's Investors Service has affirmed POSCO's Baa1 issuer and senior unsecured ratings. At the same time, Moody's has assigned a Baa1 rating to the proposed senior unsecured USD and EUR notes to be issued by POSCO. Proceeds from the notes will be used by POSCO to refinance its existing indebtedness, for capital expenditure and other general corporate purposes.