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    A005490   KR7005490008

POSCO HOLDINGS INC.

(A005490)
  Report
End-of-day quote Korea Stock Exchange  -  2023-02-07
298000.00 KRW   -0.17%
02/01Posco : Pohang Works fully restored… All factories start operation from the 20th
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01/31Western Australia inks energy transition deal with S Korea
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01/27Posco : Q4 Earnings Snapshot
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S.Korean firms to agree to build hydrogen plant in Saudi Arabia - sources

11/16/2022 | 07:48pm EST

SEOUL (Reuters) - Korea Electric Power Corp and other firms are signing a memorandum of understanding with Saudi Arabia's Public Investment Fund to build and operate a green hydrogen and ammonia production plant in Saudi Arabia, three sources said on Thursday.

The agreement coincides with Saudi Arabian Crown Prince Mohammed bin Salman's visit to South Korea.

The plant project, spanning 396,694 square metres in Yanbu, Saudi Arabia to be built in 2025-2029 and operated for 20 years, is expected to produce 1.2 million tonnes of green hydrogen and ammonia annually and worth about $6.5 billion dollars, Yonhap news agency reported, citing industry sources.

One of the three sources confirmed the estimated amount. The sources declined to be identified as they were not authorised to speak to media.

Korea Electric Power Corp (KEPCO), Korea Southern Power, Korea National Oil Corporation, POSCO Holdings and Samsung C&T are among the firms signing the initial agreement, Yonhap said.

KEPCO said it will make an announcement later on Thursday. Korea National Oil Corporation did not have an immediate comment. POSCO Holdings declined comment. Korea Southern Power and Samsung C&T could not be immediately reached.

(Reporting by Joyce Lee; Editing by Christopher Cushing)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL 0.25% 85.08 Delayed Quote.-5.34%
KOREA ELECTRIC POWER CORPORATION 1.31% 19330 End-of-day quote.-11.33%
POSCO HOLDINGS INC. -0.17% 298000 End-of-day quote.7.78%
SAMSUNG C&T CORPORATION 0.44% 114400 End-of-day quote.0.79%
SAMSUNG ELECTRONICS CO., LTD. 1.94% 63100 End-of-day quote.14.10%
WTI 0.09% 78.599 Delayed Quote.-7.49%
All news about POSCO HOLDINGS INC.
02/01Posco : Pohang Works fully restored… All factories start operation from the 20th
PU
01/31Western Australia inks energy transition deal with S Korea
RE
01/27Posco : Q4 Earnings Snapshot
AQ
01/27Posco : Notice of General Meeting of Shareholders - Form 6-K
PU
01/27Posco : Resolution on Year-end Dividend Payment - Form 6-K
PU
01/27POSCO Holdings Inc. Resolves to Pay Year-End Cash Dividend for the Fiscal Year 2022, Pa..
CI
01/27Transcript : POSCO Holdings Inc., Q4 2022 Earnings Call, Jan 27, 2023
CI
01/27POSCO posts 2022 profit despite steel production halt after flooding
RE
01/26Indian Morning Briefing: Asian Markets Broadly Higher
DJ
01/24South Korean steelmakers Gain on Chinese Economy Reopening
MT
More news
Analyst Recommendations on POSCO HOLDINGS INC.
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Financials
Sales 2022 82 714 B 65,6 B 65,6 B
Net income 2022 4 090 B 3,24 B 3,24 B
Net Debt 2022 3 981 B 3,16 B 3,16 B
P/E ratio 2022 5,82x
Yield 2022 4,69%
Capitalization 22 593 B 17 911 M 17 911 M
EV / Sales 2022 0,32x
EV / Sales 2023 0,33x
Nbr of Employees 168
Free-Float 84,6%
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Technical analysis trends POSCO HOLDINGS INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 23
Last Close Price 298 000,00 KRW
Average target price 379 869,57 KRW
Spread / Average Target 27,5%
EPS Revisions
Managers and Directors
Jeong-Woo Choi Chairman & Co-Chief Executive Officer
In-Hwa Chang Co-President, Co-CEO & Director
Jung-Son Chon Co-Chief Executive Officer & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Seong-Wook Lee Head-Legal & Compliance Support
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