[Infostock Daily= Reporter An Hoe Hyun] DB Financial Investment predicted that FILA Holdings will rebound in its earnings, with sales rising online recently. As a result, the investment opinion 'BUY' and the target stock price remained at 48,000 won, respectively.
FILA Holdings, which suffered from poor performance with COVID-19, is confirmed to be recovering demand in North America recently. It is analyzed that consumer sentiment, which had been pressed for online channels, is erupting.
The strong performance of sports brands is also expected to help FILA in the same field. "It can be interpreted that demand for sportswear · shoes · products is particularly strong due to the combination of retaliatory or compensatory consumption and consumption behavior for me, and FILA can be one of these brands," the company explained.
It is predicted that consolidated sales in the third quarter will fall -10.1% year-on-year to 779.3 billion won, and operating profit will fall 28.9% to 88.8 billion won during the same period, which will be in line with consensus.
Reporter An Hoe Hyun ahh@infostock.co.kr
