POSCO HoldingsNYSE: PKX

Korean steel giant POSCO has made a successful pivot to green material business, supplying battery parts for EV leaders like LG & Samsung. PKX has delivered 24% & 29% return over the past 1 & 5 years despite challenging growth and earnings outlook. My target price of $72 means the stock appears overvalued. I advise interested investors to watch for potential correction, especially under the currently weak macro environment.

Posco Holdings' shares climbed after the steelmaker unveiled a joint venture project to produce rare gases for making semiconductors in South Korea.

POSCO Holdings Inc. (NYSE:PKX ) Q3 2023 Earnings Call Transcript October 24, 2023 2:00 AM ET Company Participants Jeong Ki-Seop - President, Co-CEO, CSO Han Young-Ah - Head of Investor Relations Lee Kyung-seop - Chief of LiB Materials Business Conference Call Participants Kim Sang-hoon - HI Investment & Securities Operator We will now begin the 2023 Third Quarter Earnings Release Conference Call of POSCO Holdings. As for today's conference call, after the presentation of POSCO Holdings, we will have a Q&A session with the participants.

Posco (PKX) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

POSCO Holdings Inc. (NYSE:PKX ) Q1 2023 Earnings Conference Call April 27, 2023 3:00 AM ET Company Participants Jeong Ki-Seop - President, Co-CEO, CSO Han Young-Ah - Head of Investor Relations Eom Gichen - Head of marketing strategy Kyungsub Lee - Chief of LiB Materials Business Kyung-Jin Chung - Executive Officer and Head of Finance Office Chon, Jung-Son - Head of Corporate Strategy Kyung-han Kim - Head of the International Trade Affairs Office Conference Call Participants Pat Canon - Hyundai Motor Securities Sung Hun Kim - Hai Investment Lee SangHun - Citi Group Jeong Ki-Seop Good afternoon, ladies and gentlemen, the 2023 Q1 Earnings Release Conference Call will now begin. POSCO Holdings will first present, which will be followed by a Q&A session with the participants.

Posco is South Korea's US $22B flagship steel producer borne from state fund economic revitalization plans in the late 60s. Since then, the company has undergone a period of transformation extending its reach into battery minerals and decarbonization.