US CEOs Expect Healthy Growth This Year [3-Minute Brief]

[At a Glance]
① Samsung Electronics Reclaims No.1 Spot in Southeast Asia Phone Market
② Public Rental Housing Reduces Housing Costs by 1.2 Trillion Won
③ CEOs Optimistic About US Economic Outlook

MARKET INDEX

- US New York Stock Exchange's three major indices showed early gains
- European Central Bank lowers inflation and growth forecasts for this year
- Investors react positively to Powell's message lacking 'surprise remarks'

TOP 3 NEWS

■ Samsung Electronics Regains No.1 Position in Southeast Asia Phone Market... But Chinese Companies Close Behind

- 20% market share in Southeast Asia driven by Galaxy S24 series launch
- Reclaimed top spot from Chinese company Transsion, which held it since December last year
- However, in terms of growth rate, Chinese companies are ahead... Xiaomi is chasing closely

■ SH Corporation: "Public Rental Housing Reduces Housing Costs by 1.2 Trillion KRW Annually"

- Released analysis on contribution of public rental housing to housing cost reduction
- SH public rental housing rent is at 34.7% of private market prices
- Annual contribution to housing cost reduction is 1.2381 trillion KRW... rising trend since 2012

■ "Samsung and SK's AI Semiconductors Can Surpass TSMC"

- Hwang Chang-gyu, former KT Chairman who led Samsung Electronics' semiconductor innovation in the 1990s and 2000s
- Positive evaluation of Samsung Electronics and SK in AI semiconductors... "Not an insurmountable mountain compared to TSMC"
- Highly appreciates introduction of high value-added AI semiconductor innovative products such as HBM

Graphic News: US CEOs Also Optimistic About Economic Outlook... Highest Since 2022

- CEOs of major US companies raised hiring, investment plans, and sales expectations for the next six months
- CEO economic outlook index rose 11 points quarter-on-quarter... first time since 2022
- US GDP forecast for this year also revised upward to 2.1%... "Healthy growth outlook"

the Chart: Looking at National Pension's February Portfolio... Picking Low PBR Stocks

- National Pension increased the proportion of stocks with low Price-to-Book Ratio (PBR)
- Among five stocks with increased shareholding, three are 'financial stocks' with PBR below 1
- Among five stocks with decreased shareholding, four have PBR above 1

Terms in the News: China's 'Ultra-Long-Term Special Treasury Bonds' as a Stimulus Measure

- Treasury bonds with maturities of 30 years or more to be issued by the Chinese government
- Used to invest in key national strategies and core sectors
- Advantage is that special treasury bonds are not included in fiscal deficits

Today's Key Schedule

○ Domestic
- 08:00 January Current Account Balance

- Gyeonggi Pyeongtaek Prugio Centerpine (9-2BL)

○ Overseas
- 00:00 Powell Fed Chair Testimony
- 01:30 Atlanta Fed Q1 GDPNow
- 06:30 Fed Balance Sheet
- 08:30 Japan January Household Spending
- 08:50 Japan January Current Account Balance
- 16:00 Germany January Industrial Production
- 19:00 Eurozone Q4 GDP
- 22:30 US February Hourly Earnings
- 22:30 US February Unemployment Rate
- 22:30 Canada February Unemployment Rate

◇ Lunch & Commute Weather

○ Lowest Temperature -1℃(▼2℃) ｜ Highest Temperature: 6℃(▼2℃)
○ Precipitation Probability Morning 0%｜Afternoon 10%
○ Fine Dust Morning Moderate｜Afternoon Moderate

OK in 3 minutes, essential time-efficient economic news. Published daily at 8 AM.