[Infostock Daily= Reporter An Hoe Hyun] NH Investment & Securities predicted on the 13th that Shinsegae's earnings are expected to be sluggish due to the aftermath of COVID-19 and deepening sales at duty-free shops, but expectations for recovery will remain valid after the second quarter.
The investment opinion was to maintain 'Buy' and the target stock price was 290,000 won, up 7.4% from the previous 270,000 won.
"The low-cost buying strategy is valid," NH Investment & Securities said in a report and analyzed, "Although the business environment in the first quarter is not good following the fourth quarter, stock prices could rise in the second quarter due to expectations for vaccination and weather effects."
Shinsegae's net sales on a consolidated basis in the fourth quarter are expected to reach 1.3132 trillion won and operating profit of 41.8 billion won, far below expectations based on operating profit.
Reporter An Hoe Hyun firstname.lastname@example.org