[Infostock Daily= Reporter An Hoe Hyun] Hana Financial Investment maintained its investment opinion of 'BUY' and target stock price of 40,000 won for Vatech on the 21st.
Currently, Vatech holds the third-largest market share in the global dental X-ray market and is estimated to be the No. 1 based on 3D equipment, Hana Financial Investment explained.
However, in the third quarter, reverse growth was expected compared to the same period last year following the second quarter. In the third quarter of this year, Vatech's sales and operating profit are estimated at 50 billion won and 5.8 billion won, respectively, down 23.1% and 43.7% year-on-year.
The estimated operating profit of Vatech this year, suggested by Hana Financial Investment, is around 22.5 billion won, down 47.5% year-on-year. "In the first half of the year, earnings reverse growth is inevitable due to the influence of COVID-19," the company said, adding, "The Chinese market, which has the largest sales of 3D diagnostic equipment, is recovering, and the U.S. has passed its low performance as sales are expected to increase in the second half of the year."
Reporter An Hoe Hyun ahh@infostock.co.kr
