Hana Securities predicted L... > 경제기사 | natenews rank

Photo=LX International

[Alpha Biz= Reporter Kim Minyoung] On the 3rd, Hana Securities expects its downward revision of its earnings estimates to be completed, adding that the stock price is currently at a level that can highlight its valuation appeal. The investment opinion was buy and the target price was maintain 40,000 won. The closing price of the previous trading day was 26,750 won.

"LX Internationals first-quarter earnings are expected to meet market expectations," Hana Securities said. "Australian bituminous coal prices have stabilized again, but the sea fare index is still high since strengthening in December last year, and the ICI4 has continued to be in the late $50."


Hana Securities predicted that LX Internationals sales in the first quarter of this year will rise 8% year-on-year to KRW 4 trillion. Despite falling raw material prices, he expects growth due to strong exchange rates and a rebound in the maritime freight index, according to his analysis.

Operating profit for the same period is expected to reach 102.6 billion won, down 36.5 percent from a year earlier. The resource sector said it will be able to improve its performance compared to the previous quarter due to a large drop in oil prices compared to Indonesias low-calorie coal in the face of continuing to increase production in GAM mines.

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/ 알파경제 Kim Minyoung 기자