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[Alpha Biz=(Chicago) Reporter Paul Lee] Korea Investment & Securities maintained its investment opinion and target stock price of KRW 110,000 for Lotte Shopping on the 13th. It recorded an annual net profit for the first time in seven years last year, but this year's performance target is below market expectations.
"Lotte Shopping's consolidated sales fell 4.1 percent year-on-year to 3.6329 trillion won, operating profit rose 117.4 percent to 202.4 billion won and operating profit ratio of 5.6 percent, with operating profit exceeding market expectations and our estimates by 16.4 percent and 13 percent, respectively, due to the consumption environment and reducing sales and management costs, which were better than concerned, contributing to the good performance of the entire company," Korea Investment & Securities said.
Korea Investment & Securities Co. went on to say, "The amount of impairment losses reflected last year fell sharply from 622.8 billion won a year earlier, marking the first annual net profit in seven years."
"The company offered 570 billion won in consolidated operating profit as this year's earnings target," said Korea Investment & Securities Co. "Compared to its offer of 1 trillion won in consolidated operating profit in 2026 at the CEO IR (IR) in September last year, it falls short of market expectations."
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
