IBK Investment & Securities announced that it maintains a "buy" investment rating on GS Retail with a target price of 33,000 won.
Kim Minyoung
kimmy@alphabiz.co.kr | 2024-06-07 07:12:21
[Alpha Biz= Reporter Kim Minyoung] IBK Investment & Securities stated on the 7th that it maintains a "buy" investment rating on GS Retail, expecting an increase in corporate value due to the personnel division of the hotel business. The target price remains at 33,000 won, with the previous day's closing price at 21,850 won.
According to IBK Investment & Securities, "There is a high possibility that the value of the hotel business, which was diluted due to the personnel division, will be reflected, and the establishment of a new corporation is expected to create downside rigidity in corporate value through stable dividend payments." Additionally, they evaluated, "Efficiency is expected through business restructuring."
IBK Investment & Securities also emphasized, "Attention should be paid to the future growth potential of the newly established corporation," adding, "Due to structural growth in existing businesses caused by supply shortages, diversification of business portfolios through new business ventures, and high potential for business synergy with group companies."
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