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[Alpha Biz=(Chicago) Reporter Paul Lee] Shinhan Investment & Securities said on the 3rd that it can expect full-fledged sales of its new business model for Lotte Data Communication. The company has reduced its valuation discount rate due to improved performance of its subsidiaries and raised its target stock price from 37,000 won to 43,000 won. The investment opinion remained 'buy'.
"Last year, annual sales are expected to grow by 15% and operating profit by 70% year. The step-by-step growth has continued since the first quarter of last year," said Shinhan Investment & Securities. "The background of our performance growth is due to increased sales in SI and SM businesses, continued growth of data centers, and improved performance of our subsidiaries."
The fourth quarter of last year was also judged positively. As major businesses grow together, operating profit is expected to rise 23% year-on-year to KRW 19.4 billion. The estimated operating profit ratio is 5.4%, up 0.5% point.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
