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(Photo = F & F) |
[Alpha Biz= Reporter Kim Jisun] SK Securities analyzed on the 18th that F & F is currently in a period of slowing performance growth and expects to benefit from a turnaround in domestic demand and a recovery in the Chinese economy in the second half. The company maintained its target stock price of 101,000 won and investment opinion "buy", saying it can be sensitive to minor favorable factors due to its low stock price level.
SK Securities expects F & F's first-quarter sales to rise 1% year-on-year to 501.8 billion won and operating profit to fall 9.8% year-on-year to 134.2 billion won.
"The growth rate of the company's performance is slowing down due to sluggish domestic consumption, the weakening competitiveness of licensed brands in the domestic apparel industry, and the strategic direction of MLB's Chinese business," said SK Securities. "The visible performance momentum is the turnaround of domestic consumption and China's economic recovery in the second half of the year."
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
