POSCO Group Corporate Value Up Pre-Announcements: Trading Angle
On 29 August, the three major POSCO Group companies including POSCO Holdings announced that they plan to provide detailed explanations of their Corporate Value Up plans in 4Q 2024.
In general, the companies that have provided more detailed plans for their Corporate Value Up plans have done better recently.
However, now there are cases such as the three main POSCO Group companies whose share prices are rising just by announcing that they will provide Corporate Value Up plans later.
On 29 August, the three major POSCO Group companies including POSCO Holdings (005490 KS), Posco Future M (003670 KS), and Posco International Corporation (047050 KS) announced that they plan to provide detailed explanations of their Corporate Value Up plans in 4Q 2024.
The table below show how these three POSCO Group companies' share prices are up on average 7.6% from 29 August to 2 September, sharply outperforming KOSPI which is up 0.7% in the same period.
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