[Infostock Daily=Reporter Lee Dong-hoon] DS Investment & Securities Investment presented an investment opinion of 'Buy' on Fila Holdings and set the target price of 60,000 won.
The company has a positive direction of growth with increased equity value due to improved performance of Acushnet, its flagship subsidiary, and improved profits in all business sectors based on expectations of a recovery in U.S.
DS Investment & Securities Investment predicted, "Fila Holdings will record sales of 3.3197 trillion won (+6.1% YoY) and operating profit of 407.6 billion won (+19.0% YoY) in 2021. Acushnet's profit growth, which accounts for about 62.7% of its sales in 2020 due to the strong golf market, is expected to drive the revenue growth."
Product line-up was strengthend and e-commerce channels were expaned. Strong recovery in the U.S. market is aniticipated. The investment firm estimated, "2021 operating profit of FILA USA is expected to increase by 345.0% to 35.8 billion won."
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com
