 |
(Source = Hansae) |
[Alpha Biz= Reporter Paul Lee] NH Investment & Securities predicted on the 11th that Hansae will begin to recover orders quarterly and increase visibility in sales growth starting in the second quarter. It maintained its target stock price of KRW 30,000 and investment opinion "buy".
Hansae is expected to meet the consensus with consolidated sales of 414.6 billion won and operating profit of 37.4 billion won in the first quarter.
"The trend of OEM orders in the first quarter seems to have passed a low point with a flat trend. The dollar's strength has provided favorable conditions for exporters to the U.S.," NH Investment & Securities said.
"The margin will be able to remain at the level of the previous year due to high unit price order and profitability-oriented strategy," NH Investment & Securities said. "With the recent normalization of inventory and order recovery of major buyers such as Walmart, Target and Aeropostale, the upward trend of orders will be clear in the second half of the year, such as GAP, H & M, MUJI and Dick's Sporting.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
