신세계인터내셔날 자사몰 에스아이빌리지 (사진 = 신세계인터내셔날)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Major securities firms are lowering Shinsegae International's target stock price

Major securities firms have lowered Shinsegae International's target stock price one after another. Nevertheless, the net buying march of private investors continues.

According to financial information provider FnGuide on the 26th, Daishin Securities (32,000 won), KB Securities (28,000 won) and NH Investment & Securities (26,000 won) have lowered Shinsegae International's target price this month. DB Financial Investment presented the lowest target price of 23,000 won. Analysts say that the eye level is falling in that there was no target set below 30,000 won between January and February this year.

Shinsegae International's sales and operating profit in the first and fourth quarters of this year are expected to be 353 billion won and 18.9 billion won, below market expectations. Operating profit is down more than 40% year-on-year.

This indicates that the decline in fashion sales has put a brake on its performance. In particular, the annual earnings estimate was significantly lowered as transactions with core brands, which accounted for 10% of consolidated sales last year, ended.

 

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