Hints and tips:
...KB AM rolled out the KB Global Digital Chain Economy fund, the first strategy in the country that focuses on investments in blockchain technology companies, in September last year....
...ETF providers believed to be working on forming partnerships include China’s Bosera Asset Management with South Korea’s KB Asset Management, while Seoul-based Samsung Asset Management is said to likely partner...
...Other homebuilders including KB Home and Toll Brothers also erased gains registered earlier in the session....
...KB Home was the worst performer among the largest US homebuilders with shares dropping 3.8 per cent. The stock fell more than 5 per cent at its lows during the session....
...Lennar, KB Home and DR Horton were higher in midday trading. Toll Brothers and PulteGroup edged 0.2 per cent and 0.3 per cent lower, respectively. The broader S&P 500 rallied 1.4 per cent....
...Toll Brothers was down 1.6 per cent at a one-and-a-half-year low PulteGroup was down 1.7 per cent at a one-year low DR Horton was down 1.7 per cent at a two-month low KB Home was down 3.1 per cent at a one-month...
...KB Home was down 5.1 per cent, Lennar shed 4.2 per cent, PulteGroup was off 3.6 per cent and DR Horton fell 2.6 per cent....
...Among peers, KB Home dropped 1 per cent. Toll Brothers is down 0.5 per cent, having been down as much as 1.3 per cent. Lennar erased a 0.7 per cent decline to trade 0.5 per cent higher....
...But Kang Sung-jin, an analyst at KB Securities, said parent Kumho Asiana Group was unlikely to sell the profitable airline as it already raised funds through sales of asset backed securities, real estate...
...DR Horton shed 1.4 per cent to $44.11 and KB Home shed 3.3 per cent to $26.64....
...The withering family tree often leads back to Toys R Us, which ultimately swallowed up both KB Toys and FAO Schwarz....
...A version of this article was first published by the Nikkei Asian Review on March 16, 2018. ©2018 Nikkei Inc. All rights reserved....
...“LG Electronics is expected to steal the spotlight at the Mobile World Congress given Samsung’s absence and cooling demand for Apple’s iPhone,” said Kim Dong-won, an analyst with KB Securities....
...KB Financial said in a regulatory filing on Tuesday that it will acquire a 22.56 percent stake in the brokerage....
...Shares in rival Lowe’s were 1.4 per cent lower at $69.05 while homebuilder KB Home — which has been benefiting from the return of first-time buyers this year — fell 0.7 per cent to $15.62....
...Rivals in the industry also climbed on the results, with Lennar up 3 per cent to $47.94, DR Horton rising 2.9 per cent to $32.99 and KB Home gaining 4.9 per cent to $16.13....
...Meanwhile, KB Home, which was set to post its earnings after the closing bell in New York on Tuesday, rose by 0.6 per cent to $14.57....
...Elsewhere KB Home shares fell 14.8 per cent to $10.05 after the homebuilder reported disappointing fourth-quarter results....
...Shares of Lennar rose 3 per cent to $44.89, PulteGroup increased 3 per cent to $21.21 and KB Home advanced 2 per cent to $12.42....
...Bio and healthcare companies are in the spotlight as it has become harder to look for growth stories in traditional manufacturing industries,” says Choi Sung-yong, vice-president of corporate banking at KB...
...“Shareholders in Korean companies are becoming more assertive,” said Kim Sang-jo, chairman of Solidarity for Economic Reform, who made the initial proposal to KB. “It’s an inevitable trend.”...
...KB Home blamed construction scheduling for the decline in deliveries and noted there were delays in customer mortgage loan closings....
...Larry Gotlieb of KB Home, a homebuilder, said water availability was crucial to California’s house construction industry, and his company was developing a house so water efficient it uses less than half...
...No wonder KB shares closed down 1.3 per cent at Won41,450 on Thursday. It is easy to lose investors’ trust but it takes a long time to regain it....
...Lennar shares rose 2 per cent to end at $40.69, KB Home advanced 2.21 per cent to $18.01, Hovnanian increased 3.14 per cent to $4.60 and DR Horton climbed 2.15 per cent to end at $24.69....
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