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[Alpha Biz=(Chicago) Reporter Paul Lee] NH Investment & Securities has 'buyed' its investment opinion on EcoProBM (247540) and maintained its target price of 350,000 won.
"Due to the maintenance of a lower level of inventory than the industry average, the amount of loss in inventory valuation due to falling lithium prices is not expected to be as large as market concerns," NH Investment & Securities Co. said in a report on the 16th.
NH Investment & Securities expected EcoProBM's sales to fall 36% on-year to 1.24 trillion won and operating loss to 37.3 billion won, down from a year earlier.
"The slowdown in NCM-oriented sales was noticeable amid the overall year-end inventory adjustment, and it is expected to reflect inventory valuation losses reflecting a sharp drop in lithium prices in the fourth quarter," said NH Investment & Securities.
Sales in the first quarter of this year are expected to fall 39% year-on-year to KRW 1.21 trillion and operating loss to KRW 6.1 billion. Sales are expected to fall 15% and sales will increase 17% compared to the previous quarter. NH Investment & Securities said, "The loss in inventory valuation is expected to change depending on the flow of lithium prices in the first quarter, but the amount will not be large because it is expected to maintain a low level of inventory."
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
