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[Alpha Biz=(Chicago) Reporter Kim Jisun] KB Securities said on the 26th that Fila Holdings is making efforts to make a turnaround from a mid- to long-term perspective while it is expected to be sluggish in the fourth quarter of this year, but its short-term performance momentum is limited.
Investment opinion 'buy' and target stock price remained at 45,000 won. The closing price of the previous trading day is 38,650 won.
KB Securities said, "The consolidated sales in the fourth quarter of this year will be 777.6 billion won, down 13% from the previous year, and operating loss will be 9.9 billion won, widening the deficit compared to the previous year."
Fila brand sales will decrease by 23% and operating loss will be 4.3 billion won. The Korean sector expects its sales to fall 20 percent and its operating loss to reach 10.1 billion won as aggressive restructuring of its online hall sale channels continues. On the other hand, design service fees are estimated to increase by 5% year-on-year to 22.5 billion won.
The U.S. analyzed that its sales will fall 43 percent by focusing on running out of inventory to address excess inventory, and its operating deficit will reach 31.6 billion won due to falling sales and worsening profitability due to the effects of discount sales. Royalty revenue is expected to fall 7% as poor performance continues in South America, Europe, the Middle East, and EMEA.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
