External broker reports(aggregated public sources), Daishin Securities

Daishin Securities

Founded in 1962, Daishin Securities is a leading financial services provider in Korea. Daishin securities does its best to provide high quality financial service and to satisfy the various needs of investors. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

Posco International Corporation / Equity Bottom-Up

Posco International Corporation (047050 KS)

<ul><li>2Q consolidated OP forecast at W278.5bn (- 22.0% yoy). Consensus beat likely.</li><li>Increased sales volume from the Myanmar gas field project and seasonallyhigh cost recovery rate drive solid performance in the energy segment.</li><li>A reliable upstream developer proven by its successful gas field project in Myanmar and another potential gas explorations in Malaysia and Indonesia.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

2Q consolidated OP forecast at W278.5bn (- 22.0% yoy). Consensus beat likely.Increased sales volume from the Myanmar gas field project and seasonallyhigh cost recovery rate drive solid performance in the energy segment.A reliable upstream developer proven by its successful gas field project in Myanmar and another potential gas explorations in Malaysia and Indonesia.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

POSCO International (047050 KS) - The Last of the Real Ones