[Infostock Daily = Reporter Kim Jong Hyo] Shinyoung Securities raised its target share price to 25,000 won from the previous 24,000 won, saying that Hyundai Livart's investment points are valid due to the continued growth of furniture. The investment opinion remained 'buy'.
In the second quarter of this year, Hyundai Livart's consolidated sales rose 16.8% year-on-year to 352.9 billion won, and its operating profit increased 67.6% to 10 billion won.
Shinyoung Securities said, "The volume of B2B construction materials is expected to increase," adding, "It is a part that can be benefited from other interior and furniture companies." "We can expect cost reduction and captive benefits from the operation of the Yongin Smart Work Center(SWC) rather than external growth next year," he said.
Reporter Kim Jong Hyo kei1000@infostock.com
