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POSCO: Deep Value Opportunity In The Steel Industry

2015-05-13 13:30:13| Steel - Topix.net

POSCO shares trade at deep valuation discounts to long-term averages and the broader market - shares are undervalued by at least 30%. Overall in this market, there isn't as much value to be found in "hot" markets like technology or biotechnology anymore.

Tags: industry opportunity deep steel

 

5 Top TSX Stocks: Lithium Americas Up on News of POSCO Talks

2015-05-09 05:58:08| Steel - Topix.net

The S&P/TSX Composite index closed at 15,170.02 points on Friday, up 81.2 points, or 0.54 percent. According to Reuters, eight out of 10 main sectors on the index were higher.

Tags: top news stocks talks

 
 

Posco, SAIL in Talks for Setting Up a Steel Plant: Govt

2015-04-20 13:40:22| Steel - Topix.net

Talks are on between South Korean steel major Posco and state-run domestic giant SAIL to set up an integrated steel plant, the government today said. "SAIL and Posco recently discussed possible collaboration opportunities including setting up of an integrated steel plant," Minister of Steel and Mines Narendra Singh Tomar told Lok Sabha in a written reply.

Tags: setting steel plant talks

 

Shares of POSCO, others stung by graft probes

2015-03-31 06:46:48| Steel - Topix.net

Shares of South Korea's top steelmaker POSCO and several other firms have been hit hard by a series of ongoing prosecution probes into alleged corruption that has raised concerns over their outlooks. The investigations began over two weeks ago after Prime Minister Lee Wan-koo declared an "all-out war" on corruption in an apparent attempt to prop up weak public support for President Park Geun-hye.

Tags: shares probes graft stung

 

Prosecution to seek warrant for Posco E&C's ex-Vietnam head

2015-03-20 12:42:26| Steel - Topix.net

The prosecution is expected to seek an arrest warrant for a former POSCO executive on allegations that he stashed away company funds at the steelmaker's construction operation in Vietnam. The ex-executive, surnamed Park, has been investigated for allegedly creating dubious slush funds when he was leading the Vietnam project of POSCO Engineering & Construction as the overseas unit chief.

Tags: head seek warrant prosecution

 

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