BANGALORE, INDIA--December 22, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--A consortium of Korea Electric Power Corporation (NYSE:KEP) (KEPCO) (Seoul, South Korea) and ACWA Power Company (Riyadh, Saudi Arabia) secured a deal valued at $2.5 billion from Saudi Electric Company (SEC) (Riyadh) to develop and operate an oil-fueled power plant in Saudi Arabia.

Other companies featured: Citigroup Incorporated (NYSE:C), Siemens AG (NYSE:SI)

Earning Release Gildan Activewear Inc. (NYSE:GIL)recorded healthy y-o-y revenue growth in 4Q 08, reflecting the impact of the Prewett acquisition, increase in Average Selling Price (ASP) and growth in sales volume. However, margins declined due to rising Selling, General & Administrative (SG&A) expenses. Going forward, in light of current market conditions, rising unemployment and declining [...]

Korea Electric Power Corporation’s (Kepco) common stock price has appreciated significantly since our 3Q 08 update report, reflecting the Bank of Korea’s interest rate cut and declining oil prices. Furthermore, Management has announced cost saving initiatives in an effort to limit the impact of the economic downturn, further improving investor confidence. However, we continue [...]

Earning Release The Bank of Nova Scotia (NYSE:BNS) reported moderate y-o-y growth in Net Interest Income (NII) in 4Q 08 and FY 2008. However, net income available to common shareholders declined significantly, primarily due to losses on trading and investments and increase in provisions for credit losses. We expect to revise our estimates and target [...]

Although Korea Electric Power Corporation’s (Kepco) 3Q 08 revenues were in line with our estimate, operating performance was below our estimate, reflecting higher-than-anticipated fuel costs. Going forward, declining electricity volumes are expected to negatively impact revenues. We expect operating performance to be severely impacted over the medium term, given high import fuel costs due [...]

John Kim sends: Korea Electric Power Company (an ADR, ticker: KEP) is a utility almost as old as the Republic of Korea itself. The company controls 98% of the market in generation of power, and 100% of market in distribution of power, and marketing. This is potentially an undervalued stock, though[More...]

Wow — talk about a disaster. Bad news at AIG, Lehman, and throughout the financial sector led to a world-class pummeling on Wall Street. The Dow lost more than 504 points, while the ...[More...]

Autoliv Inc. (ALV) is witnessing positive earnings growth by shifting production to low-cost regions and increased safety needs. Shares in global markets are increasing. However, difficult conditions in North American and West European automotive markets, as well as pricing pressure from original equipment manufacturers (OEM), are undermining Autoliv?s near-term prospects. Hence, we rate the stock a Hold with a target price of $34.50. Autoliv is set to grow globally by entering into partnerships and making acquisitions while introducing new safety products and streamlining its operations to cut costs. The company has a 40% global market share in airbags. The European market share is 65% and the North American market share for airbags is 38%. For seat belts, market share in North America rose to 28%, in Europe to 62%. Airbag and seatbelt market share in[More...]

By Martin Hutchinson Contributing Editor With key countries in the world economy spiraling toward recession, and even India and China panicking about domestic inflation levels, there’s one... [More...]

NCI Building Systems, Inc. (NCS) is one of the largest integrated manufacturers of metal products for the North American non-residential construction industry. We expect the company to report second quarter EPS of $0.31 on June 3,... [More...]

Companies featured in this segment: General Motors Corporation (NYSE:GM), Ford Motor Company (NYSE:F), Chrysler LLC, Pinnacle Gas Resources Incorporated (NASDAQ:PINN), BioEgroup SA, The ERORA Group, Burns & McDonnell, Kiewit Construction, Saudi Electricity Company (SAU:5110), Citigroup Incorporated (NYSE:C), Korea Electric Power Corporation (NYSE:KEP), Mitsubishi Corporation (TYO:8058), Marubeni Corporation (TYO:8002), International Power plc (LSE:IPR), Abu Dhabi National Energy Company PJSC (ABD:TAQA), Sojitz Corporation (TYO:2768), SK Energy Company Limited (SEO:096770), China Petroleum & Chemical Corporation (NYSE:SNP), and ArvinMeritor (NYSE:ARM).

Companies featured in this segment: The Mosaic Company (NYSE:MOS), Potash Corporation of Saskatchewan Incorporated (NYSE:POT), Acciona SA (MCE:ANA), Vale (NYSE:RIO), Siemens (NYSE:SI), OMV Aktiengesellschaft (WBAG:OMV), General Electric (NYSE:GE), Metka-Metal Construction of Greece (ATH:METKK), Rio Tinto (NYSE:RTP), Korea Electric Power Corporation (NYSE:KEP), Alcoa (NYSE:AA)