[Infostock Daily= Reporter An Hoe Hyun] eBEST Investment & Securities expects Daelim Industrial to have superior fundamentals compared to other companies in the same field on the 12th. The investment opinion remained 'Buy' and the target stock price remained at 140,000 won.
eBEST Investment & Securities expects Daelim Industrial's third-quarter sales to rise 10.5% year-on-year to 2.3915 trillion won and operating profit to 234.8 billion won, up 6.7%.
"There are relatively few overseas sites compared to the companies in the same field, and domestic housing growth is continuing," the company said, adding, "The modest fundamentals will continue, except that domestic housing sales in the third quarter may be somewhat lower than market expectations due to a lack of working days."
"The stock price has continued to fall due to profit-taking sales due to the absence of a shareholder return policy and reduced expectations for a merger with Daelim Construction and the new construction of Daelim since the announcement of the division," the company predicted, adding, "Performance engines such as the announcement of the shareholder return policy, strong sales turnarounds led by housing in the fourth quarter, and temporary profits from the sale of the Seoul Forest D Tower are still valid."
Reporter An Hoe Hyun ahh@infostock.co.kr
