Yuanta Securities expected Seoul Auction to turn into a surplus this year on the 24th.
This is based on the judgment that sales of brokerage and goods with high returns will improve significantly. The target price remained at KRW 22,000 and investment opinion 'buy'.
"The total amount of the auction bid on the 22nd was 24.3 billion won, and the winning rate reached 87%," Yuanta Securities said. "It recorded the best performance ever, surpassing the initial preparation of 23 billion won.".
"Along with the strong auction performance, Seoul Auction's inventory assets (KRW 67.1 billion as of the end of the first quarter) are also in progress," said Yuanta Securities "Operating profit is also on the rise thanks to improved brokerage sales.".
Reporter Lee Dong-hoon usinvestmentidea2020@gmail.com