[Alpha Biz=(Chicago) Reporter Paul Lee] Hana Securities lowered the target price of RFHIC to 60,000→40,000 won

Hana Securities lowered its target price of RFHIC from 60,000 won to 40,000 won on the 20th. The closing price on the 19th is 21,100 won.

"The company will post sluggish performance in the third quarter following the second quarter, reflecting the short-term performance burden and a sharp drop in the number of 5G equipment stocks due to the recent drop in supply and demand. The company is expected to have an earnings shock with 21.2 billion won in annual sales and -1.3 billion won in operating profit (minus) in the second quarter," said Hana Securities.

Samsung, a major distributor, has recently been sluggish in the U.S. market, and Nokia-related sales, which have been working on new sources, have yet to take place I said, "

Hana Securities recommended that the company "wait and see at this point and start buying in installments in case of a fall" as the additional fall in stock prices will not be significant.

 

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