0646 GMT - Posco Holdings' shares are likely to have a re-rating opportunity, given the South Korean steelmaker's resilient domestic earnings supported by Seoul's antidumping duties on Chinese and Japanese steel, Nomura analyst Cindy Park writes in a note. Uncertain U.S.-China geopolitical relations are also expected to work in Posco's favor, strengthening its battery-materials business relative to its Chinese rivals, at a time when demand for energy-storage-system batteries is rising, Park says. She is positive about Posco's corporate restructuring efforts that have generated cumulative proceeds of KRW1.4 trillion since 2024. She expects Posco to announce a new shareholder return program in April 2026 that will likely increase dividend payouts. (kwanwoo.jun@wsj.com)

(END) Dow Jones Newswires

November 21, 2025 01:46 ET (06:46 GMT)

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