The latest announcement is out from POSCO ( (PKX) ).
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
POSCO Holdings announced a Corporate Value-up Plan aimed at enhancing shareholder value through strategic investments and business diversification. The plan focuses on expanding the company’s steelmaking operations overseas and growing the secondary battery materials sector. Despite recent cyclical challenges in the steel industry and early-stage production issues in the EV market, POSCO is committed to maintaining capital efficiency and long-term growth. The company aims to achieve a compound annual growth rate of 6-9% by 2027, with a focus on transparent governance and sustainable shareholder returns.
More about POSCO
POSCO Holdings operates in the steel and materials industry, focusing on products like steel, secondary battery materials, and infrastructure services. The company is known for its robust R&D and industry leadership, with a strategic market focus on sustainable growth and innovation, particularly in materials for tomorrow. POSCO Holdings has a global presence with various subsidiaries and affiliates, emphasizing stable profit generation from its core steel and infrastructure businesses while pursuing growth in new domains such as secondary battery materials.
YTD Price Performance: -52.31%
Average Trading Volume: 352,620
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.25B
For detailed information about PKX stock, go to TipRanks’ Stock Analysis page.
