On the 30th, eBest Investment & Securities raised its target price to 799,000 won for Hyosung Advanced Materials, saying that carbon fiber-centered share price momentum is expected in the second half. We maintained our 'Buy' rating.
"We recorded sales of 872.4 billion won and operating profit of 117.8 billion won in the second quarter, exceeding the consensus based on operating profit," said eBest Investment & Securities.
"The selling price of tire steel, which is its main job, has continued to rise, and the effect of cost savings from the relocation of steel code to Vietnam has been reflected," said Ebest Investment & Securities
"The profit ratio of Vietnamese span due to the boom of spandex has increased.". "The rise in business-oriented appearance and profits will continue in the third quarter," said Ebest Investment & Securities "As strong demand from the front tire industry continues, selling prices continue to rise despite rising costs.".
Reporter Lee Dong-hoon firstname.lastname@example.org