Hana Securities raised its target for Hyosung Heavy Industries by 66.7% from 240,000 won to 400,000 won.

(Photo = Hyosung Heavy Industries)

[Alpha Biz= Reporter Kim Jisun] Hana Securities said on the 16th that Hyosung Heavy Industries is still positive and that it should focus on mid- to long-term growth and valuation attractiveness. The investment opinion was 'buy' and the target was 'up' by 66.7% from 240,000 won to 400,000 won. The closing price of the previous trading day was 340,000 won.

"High margins, which have been delayed from the fourth quarter of last year, will be reflected, and heavy industry margins are expected to be back on track," Hana Securities said. "The double-digit margin, such as in the third quarter of last year, is expected to be implemented from the second half of the year at the latest."


Hana Securities predicted that Hyosung Heavy Industries' sales in the first quarter of this year will rise 13% year-on-year to KRW 956.9 billion. The heavy industry sector is expected to grow 18.4% year-on-year to 564.2 billion won. It is a seasonal off-season, but some delayed high-margin sales will reflect growth.

In addition, operating profit in the first quarter is expected to rise 310% year-on-year to 57.8 billion won. The profit margin in the heavy industry sector is expected to improve to 7.9% compared to the previous quarter. The U.S. corporation has entered a clear surplus and is expected to see a downward trend on a quarterly basis and a gradual rise in margins amid the trend.

관련기사

▶ NH Investment & Securities analyzed that considering 'Nightcrows' overseas performance, the current stock price is excessively undervalued.

▶ Sangsangin Securities maintained its investment opinion 'buy' and target stock price of 110,000 won for KT & G.

▶ NH Investment & Securities expects Handsome to see a 1Q slowdown but a 2Q increase in profits

▶ Daishin Securities maintained its investment opinion 'buy' and target stock price of 78,000 won for Studio Dragon.

▶ JP모건체이스(JPM), 1분기 실적 예상치 상회..비이자이익 사업부 성장 지속 전망

/ 알파경제 Kim Jisun Reporter