Hana Financial Investment Co. maintained the target price of Daewoo Engineering & Construction Co. at 7,700 won and its investment opinion of 'Buy'.
"Stable sales growth based on the domestic housing business is expected to begin in the first half of the year," Hana Financial Investment said. "In the second half of the year, 14,000 households will begin sales in the first half of last year and the growth rate of housing sales will accelerate.".
The Investment forecasted, "Daewoo Engineering & Construction's sales in the first quarter of this year to rise 8% year-over-year to 2.1354 trillion won and operating profit to 161.4 billion won, up 34%. Sales are below market expectations of 2.17 trillion won, but operating profit is more than 10%."
Reporter Lee Dong-hoon email@example.com